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Should I wait in the hope that gas/electricity prices fall?
My two year gas and electricity contract expired at the end of August. Therefore I did a few price comparison searchers mid August (using Go Compare; USwitch; CompareTheMarket; MoneySuperMarket etc). They all offered slightly better prices (I would be paying £5 more PCM with my existing provider on their variable rate and about £1 PCM more with the best tariff available on a price comparison website). However, my existing provider suggested waiting until 25/09 as government policy may mean that all prices (with all providers) fall by perhaps 8%. I would be grateful for thoughts on this.
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It's groundhog day !Short answer is No, but you need a crystal ball.You should have started with Citizens Advice and 'Switch with Which?' and also considered separate suppliers. You're probably now on an expensive Standard Variable Tariff, so beware.0
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The cap may go down, but any rational tariff you might pick is nowhere near the cap right now....w00519773 said:However, my existing provider suggested waiting until 25/09 as government policy may mean that all prices (with all providers) fall by perhaps 8%. I would be grateful for thoughts on this.
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