Price cap falling - fix or not?

drt1710

Before fixing at any price, check Cornwall Insight, usually bang on!  
From the very respected Cornwall Insight

·

Feb 27

There is some cause for optimism, while the price cap fall may not offer immediate relief, if wholesale prices continue downwards, we predict it will fall below the EPG in July. Our latest forecasts for a typical household:
Q3 23 (Jul-Sept): £2,112
Q4 23 (Oct-Dec): £2,118

Feb 27

Q3 and Q4 2023 Standing Charge and Unit Costs forecasts:
 Q3 SC:(£/day) Elec - 0.38, Gas - 0.29 UC: (p/kWh) Elec – 32.28, Gas – 7.77
 Q4 SC (£/day): Elec - 0.38, Gas - 0.30 UC (p/kWh): Elec – 32.38 Gas – 7.75
(source https://www.cornwall-insight.com/our-response-to-the-announcement-of-the-april-price-cap/)

Bear in mind, any worldwide influence could adversely affect energy prices massively, so if a tariff is available without being tied in, I'd consider it, you could then swap to a better tariff if one becomes later maybe?

diystarter7

drt1710 said:

Before fixing at any price, check Cornwall Insight, usually bang on!  
From the very respected Cornwall Insight

·

Feb 27

There is some cause for optimism, while the price cap fall may not offer immediate relief, if wholesale prices continue downwards, we predict it will fall below the EPG in July. Our latest forecasts for a typical household:
Q3 23 (Jul-Sept): £2,112
Q4 23 (Oct-Dec): £2,118

Feb 27

Q3 and Q4 2023 Standing Charge and Unit Costs forecasts:
 Q3 SC:(£/day) Elec - 0.38, Gas - 0.29 UC: (p/kWh) Elec – 32.28, Gas – 7.77
 Q4 SC (£/day): Elec - 0.38, Gas - 0.30 UC (p/kWh): Elec – 32.38 Gas – 7.75
(source https://www.cornwall-insight.com/our-response-to-the-announcement-of-the-april-price-cap/)

Bear in mind, any worldwide influence could adversely affect energy prices massively, so if a tariff is available without being tied in, I'd consider it, you could then swap to a better tariff if one becomes later maybe?

Hi

Thanks for that. I agree with this years forecast as far as one can but 2027, not sure at all

Thnaks

GingerTim

February 27 is the date on which those predictions were issued for the quarters of this year, not predictions for February 2027.

EssexHebridean

diystarter7 said:

drt1710 said:

Before fixing at any price, check Cornwall Insight, usually bang on!  
From the very respected Cornwall Insight

·

Feb 27

There is some cause for optimism, while the price cap fall may not offer immediate relief, if wholesale prices continue downwards, we predict it will fall below the EPG in July. Our latest forecasts for a typical household:
Q3 23 (Jul-Sept): £2,112
Q4 23 (Oct-Dec): £2,118

Feb 27

Q3 and Q4 2023 Standing Charge and Unit Costs forecasts:
 Q3 SC:(£/day) Elec - 0.38, Gas - 0.29 UC: (p/kWh) Elec – 32.28, Gas – 7.77
 Q4 SC (£/day): Elec - 0.38, Gas - 0.30 UC (p/kWh): Elec – 32.38 Gas – 7.75
(source https://www.cornwall-insight.com/our-response-to-the-announcement-of-the-april-price-cap/)

Bear in mind, any worldwide influence could adversely affect energy prices massively, so if a tariff is available without being tied in, I'd consider it, you could then swap to a better tariff if one becomes later maybe?

Hi

Thanks for that. I agree with this years forecast as far as one can but 2027, not sure at all

Thnaks

Feb 27 refers to the date - February 27 2023, not "Feb '27" as in 4 years hence. 

Mstty

diystarter7 said:

drt1710 said:

Before fixing at any price, check Cornwall Insight, usually bang on!  
From the very respected Cornwall Insight

·

Feb 27

There is some cause for optimism, while the price cap fall may not offer immediate relief, if wholesale prices continue downwards, we predict it will fall below the EPG in July. Our latest forecasts for a typical household:
Q3 23 (Jul-Sept): £2,112
Q4 23 (Oct-Dec): £2,118

Feb 27

Q3 and Q4 2023 Standing Charge and Unit Costs forecasts:
 Q3 SC:(£/day) Elec - 0.38, Gas - 0.29 UC: (p/kWh) Elec – 32.28, Gas – 7.77
 Q4 SC (£/day): Elec - 0.38, Gas - 0.30 UC (p/kWh): Elec – 32.38 Gas – 7.75
(source https://www.cornwall-insight.com/our-response-to-the-announcement-of-the-april-price-cap/)

Bear in mind, any worldwide influence could adversely affect energy prices massively, so if a tariff is available without being tied in, I'd consider it, you could then swap to a better tariff if one becomes later maybe?

Hi

Thanks for that. I agree with this years forecast as far as one can but 2027, not sure at all

Thnaks

I found it funny😂 

diystarter7

Mstty said:

diystarter7 said:

drt1710 said:

Before fixing at any price, check Cornwall Insight, usually bang on!  
From the very respected Cornwall Insight

·

Feb 27

There is some cause for optimism, while the price cap fall may not offer immediate relief, if wholesale prices continue downwards, we predict it will fall below the EPG in July. Our latest forecasts for a typical household:
Q3 23 (Jul-Sept): £2,112
Q4 23 (Oct-Dec): £2,118

Feb 27

Q3 and Q4 2023 Standing Charge and Unit Costs forecasts:
 Q3 SC:(£/day) Elec - 0.38, Gas - 0.29 UC: (p/kWh) Elec – 32.28, Gas – 7.77
 Q4 SC (£/day): Elec - 0.38, Gas - 0.30 UC (p/kWh): Elec – 32.38 Gas – 7.75
(source https://www.cornwall-insight.com/our-response-to-the-announcement-of-the-april-price-cap/)

Bear in mind, any worldwide influence could adversely affect energy prices massively, so if a tariff is available without being tied in, I'd consider it, you could then swap to a better tariff if one becomes later maybe?

Hi

Thanks for that. I agree with this years forecast as far as one can but 2027, not sure at all

Thnaks

I found it funny😂 

My mistake, lol, lols. Incredibly and coincidentally, kid you not just got my new glasses a first for reading and trying the out.
Can read/see print, smaller print more easily but I will only wear for DIY stuff

Thanks

ariarnia

drt1710 said:

Before fixing at any price...

... check to see if there are actually any fixes available at any price?

born_again

Pretty much guess any fix is going to be on the high side for now. No supplier is going to take a big risk & sell cheap. Far too many got burned & went bust.