Energy rate predictions

shamin

Any thoughts when abouts the next jump on energy tariffs will hit in 2019?

SandraX

Me too as I'm worried as our 18 month contracts comes to an end mid year. When we last changed from the fixed rates it shot up then and I think during the 12 months with the current provider.

[Deleted User]

January, April and October are all given price rise months in 2019.
Why?
Because that is when the Government increase the price cap on energy that is being introduced on 1st January 2019.
There will also be regular price increases throughout the year as the £ to $ exchange rate goes down so increasing fuel costs.
And of course ever time a small supplier goes to the wall, all the other providers increase their prices. 2018 saw 7 go to the wall, 2019 will no doubt see more.

FestiveJoy

shamin wrote: »

Any thoughts when abouts the next jump on energy tariffs will hit in 2019?

Quite a few suppliers are changing their prices w.e.f 1st January

:xmastree::xmastree::xmastree::xmassign:

matelodave

gsmlnx has nailed it in post #3 so if you've got a decent rate at the moment you'd better hang on to it as it will probably be the last you'll get

System

shamin wrote: »

Any thoughts when abouts the next jump on energy tariffs will hit in 2019?

The next jump will be in April 2019 when the Default Cap is reviewed by Ofgem. Have a read of this:

https://blog.moneysavingexpert.com/2018/11/martin-lewis---warning--energy-price-comparison-savings-are-wron/

I suspect that Ofgem will be put under a lot of pressure to review the cap criteria. BG is currently seeking a judicial review of this very matter.

JJ_Egan

Individual new tariffs at a higher price can be from today or anyday .
The rest is really just guesswork .
I would be looking at what it would cost to move now in new rates and penaltys .

antrobus

shamin wrote: »

Any thoughts when abouts the next jump on energy tariffs will hit in 2019?

The price of Brent Crude has been heading south since October. Now down to $50 or so a barrel,
https://www.bbc.co.uk/news/topics/cmjpj223708t/oil

It might be a downwards jump.

Anthorn

"What goes up never comes down" is the case with energy prices. But competition will dictate prices so who knows? Perhaps there will be more new energy companies who will eventually go out of business and feed the big six with more customers.

Overall, my prediction for the coming year is static prices neither increasing nor decreasing. I say that because it does appear that energy companies have already compensated for the price cap, c.f. increased direct debit payments. Either that or they have removed tariffs that are subject to the price cap as in the case of Ebico. However we may see smaller energy companies becoming liable for the new WHD liability increasing their prices.