Switching before rate hikes?

someanonbloke

Hi, I'm currently with 'Avro: Simple and Glory' since last summer.

I crunched my numbers into 3 comparison providers. 2 of the providers told me I could switch to a cheaper provider 'Simplicity Energy' (never heard of them).

Would it be smart to switch before my contract ends? I don't think Avro charge for exiting early.

If I wait til July, then the offer may no longer be valid. Perhaps better to lock in a cheaper rate now.

I usually wait until the end of contract to switch because I'm lazy but maybe I should jump ship early this time.

Quentin

If you are going to save by switching now then go for it

(But confirm that you don't have any exit charges to pay - only do it if it's cost effective!)

JJ_Egan

That question can be asked almost every month of the year.Are prices going up between now and the end of my contract .

Key is unit costs and standing charges .

Thomas_Edison

Costs are going down at the moment due to the warm winter, so tariffs will be cheaper in a few months

matelodave

Thomas_Edison wrote: »

Costs are going down at the moment due to the warm winter, so tariffs will be cheaper in a few months

some costs are going down and some tariffs might be cheaper but you can't bank on it.

Thomas_Edison

We're in the summer supply season so no risks now and natural gas prices have fallen 40% since the start of the year.

They'll be going down.
https://www.ft.com/content/b401053a-55f7-11e9-91f9-b6515a54c5b1

someanonbloke

I've been reading all winter that energy prices are set to rise?

https://www.bbc.com/news/business-47133564