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should i take a 2 year fixed energy plan because energy prices never drop?

2»

Comments

  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    gas unit: 2.84
    Good
    standing 26.02
    Bad

    elect unit: 15.92
    Good
    standing-26.49
    Bad
    I would look at those unit prices with lower daily standing charges .

  • FaceHead
    FaceHead Posts: 737 Forumite
    500 Posts Second Anniversary Name Dropper
    It's strange how we all remember when prices go up, but never when they go down. Historical prices are collated nicely here:

    https://www.ofgem.gov.uk/data-portal/retail-market-indicators#thumbchart-c7770745751913637-n95437

    Whilst things are a bit distorted by consumption going down over the years (does the price of a unit even matter, surely the overall cost is all that matters) the overall picture is that we're paying no more than we were a decade ago, with significant reductions in recent years. 

    Before the data at the link above, prices were going up rapidly, but consumption was coming down even faster.
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