We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Thoughts on switching
IvanOpinion
Posts: 22,136 Forumite
in Energy
I posted this elsewhere in response but thought it might be worthy of its own thread.
When switching try to keep in mind that it is anticipated that there could be price hikes of about 15% during the summer. Therefore you need to be canny when doing comparisons .... it may be worthwhile looking at todays fixed/capped rates (which may currently be higher but may not be affected by a price change) versus variable rates that are likely to rise.
There are some very good fixed/capped rates still available ..... but for how long ... energy for such fixed rates will have been bought from the wholesale market in advance ... some have been about for quite a while and are probably coming to an end of their quota.
Always remember that just because something comes to the top in a price comparison site does NOT mean that it is the cheapest or best deal for you (there are other factors).
Ivan
When switching try to keep in mind that it is anticipated that there could be price hikes of about 15% during the summer. Therefore you need to be canny when doing comparisons .... it may be worthwhile looking at todays fixed/capped rates (which may currently be higher but may not be affected by a price change) versus variable rates that are likely to rise.
There are some very good fixed/capped rates still available ..... but for how long ... energy for such fixed rates will have been bought from the wholesale market in advance ... some have been about for quite a while and are probably coming to an end of their quota.
Always remember that just because something comes to the top in a price comparison site does NOT mean that it is the cheapest or best deal for you (there are other factors).
Ivan
I don't care about your first world problems; I have enough of my own!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards