Do i cap or not with E.ON

andru

I am on the dual fuel extra saver online with E.on and my last years totall bill was £943.I can go on there Price protection V14 and my bill,based on the last 12 months,would be £1080.That is approx £130 more expensive.I am thinking that, will energy prices go up by more than the £130 price difference between now and October 2009 to make it worth my while in changing.What is the forcast for energy price rises over the next year or so?

Paul_J

That would equate to an increase of 14.5%.
Increases are expected to be in the region of over 25-35% within the next year or so, so a fix wouldnt be a bad thing.
As with anything of this nature, its a gamble. Some you win some you lose.

space_rider

I waited and capped mine when BG put theirs up as it wouldn`t take long for the other suppliers to do the same. It seems BG and Eon seem to take it in turns to put up prices. I heard BG complaining about the increase in wholesale costs so I bet they do go up at least beginning of winter.

andru

I decided to take the risk and went over to there capped rate untill october next year,hopefully things will work out fine.