Ahhhh HELP! Capped prices, very confused

sentry7

I am panicking slightly as to weither to cap my gas and electric prices. I currently get one months direct debit refunded each year (£84) with southern Electric. When I looked at Eon, the best capped provider it will cost me £76 more per year and i will lose my refund, total of £160 more per year! Does anyone have any advise on weither it would still be better to cap as I know prices will go up. Please help as the Eon offer ends monday.

BexTech

sentry7 wrote: »

I am panicking slightly as to weither to cap my gas and electric prices. I currently get one months direct debit refunded each year (£84) with southern Electric. When I looked at Eon, the best capped provider it will cost me £76 more per year and i will lose my refund, total of £160 more per year! Does anyone have any advise on weither it would still be better to cap as I know prices will go up. Please help as the Eon offer ends monday.

I'm afraid it's a gamble only you can make the decision on.

We've moved electric to Scottish Power Price Fix as the difference was hardly anything.

The gas we have left with Ebico as the difference was way way to much.

Both are gambles, but electric we use a lot more, so is important we get that fixed in case prices go up.

Gas we hardly use anything and we can cut back on heating, just pile on an extra jumper if needed.

Hopefully like our gamble with EDF (SWEB) (Online V1) back at the beginning of 2005 it will pay off. We saved several hundred pounds since 2005 through EDF, so we've not done too badly.

Plushchris

The best way to look at it in my opinion would be what is the percentage of the difference between what you spend now and how much extra it'll cost you.

id say if its under 15% its definately worth it, 15 -25% probably still worth it, any more than that it could be more of a gamble but some reports say the prices could go up by 40%