Is too soon to switch?

dnpark38

A few weeks ago Martins comparison notification came saying I could buy cheaper but I have waited and now Martin is urging before Thursday to go fixed.
The other day 2 major suppliers including British Gas announced in the media price cuts in March.
My question is if I use a comparison site will it be based on the lower March prices or do I compare after they come in?

System

Hi. Martin would like you to switch to the latest MSE Collective deal but you would be wise to run your own comparison based on your annual usage in kWhs. I am with Zog for gas and GBEnergy for electricity. My deals are cheaper than MSE and I can switch again today without penalty. Comparison sites only show prices today - not what they will be tomorrow.

gt94sss2

The price cuts which were announced only apply to their standard (i.e. most expensive) tariffs.

The cheaper tariffs you find on comparison sites will already take into account the prospect of these cuts.

There is no need to take action by Thursday unless you want one of the MSE collective tariffs - other suppliers are available and may be cheaper (as may two separate suppliers, rather than a dual fuel deal)

dnpark38

Yes had realized that Matins were for fixing at now, but reluctant to do that without comparing all options as fixing is good when prices rising but at moment might well fall.

Pincher

If prices are rising, the fixed tariff will price in the higher gas price a year from now, in the case of a one year fixed.


Ideally, you want a long fix that assumes prices are low in two years time.


Crude oil price is creeping up, so is the price of Royal Dutch Shell shares. If you think oil price has bottomed, and is on the way up, it's time to fix.


I have chickened out, and switched to the Scottish Power Help Beat Cancer two year fix.