Martin Lewis Energy graph

It is coming up to the January energy increases. I have looked at the Sainsburys website and they advertise a 12-month tariff. On inspection this works out at 5% better than my current Oct-Dec tariff. I supply meter readings monthly on the 28th. If Sainsburys increase the tariff in January (only a few days away) this would be a greater saving. However, there is no such thing as a free lunch so I do not know what the new tariff will be and they are not foolish enougf  to give it away.

I watched ML on TV and he predicted a 5% increase but believed they would fall in April-June. I wish the graph was available on line or a link to the program with it on. He did predict an increase next winter though.


Comments

  • Add into the mix he doesn't always get things right.
    "I can lead you to the money saving well but cannot make you drink from it"

    As mum always said "don't respond to imbeciles just ignore them" wise words mum 
  • Yes that is true but even he would sy that things are volatile at the moment and predictions are difficult. That is why I use a spread sheet calculator. Based on there fixed 12 month tarif, I would be at £114. a month and currently before the January increase it is at £120 a month actual usage, but we don't have christal balls. I have found the program on ITVX though.
  • wakeupalarm
    wakeupalarm Posts: 1,100
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    edited 28 December 2023 at 2:05PM

    I watched ML on TV and he predicted a 5% increase but believed they would fall in April-June. I wish the graph was available on line or a link to the program with it on. He did predict an increase next winter though.

    Series 13, Episode 7, 12 December, start 4m 10second.
    https://www.itv.com/watch/the-martin-lewis-money-show-live/2a1827/2a1827a0153
  • spot1034
    spot1034 Posts: 788
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    edited 31 December 2023 at 7:09AM
    We will soon be half way though the assessment period for the April to June price cap, and at the moment it looks as if rates could fall quite significantly. Beyond that is just a guess, and no one - absolutely no one - knows what prices will be next winter. Presently, wholesale prices for immediate delivery are much much less than forward prices were for this period just a few months ago, which is the main reason Octopus's tracker and Agile tariffs are massively undercutting the SVT at this time. That probably won't continue forever.

    A fix that will definitely save you a bit in the short term might lose you that saving in the remaining period. But if things change it might not. It's all down to whether you make the right guess as to what is going to happen.
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