Gas Prices To Fall in 2020?

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Gerry1
Gerry1 Posts: 9,937 Forumite
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Might be a good idea to consider a variable tariff, or at least to avoid fixed tariffs with exit fees?

https://www.theguardian.com/business/2019/dec/26/energy-bills-for-millions-of-households-to-fall-after-gas-prices-halve

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  • Michaelw
    Michaelw Posts: 296 Forumite
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    That doesn't mean the ever increasing standing charge will do so.Supplers will argue that gas is bought in advance as they always do and profits are minimal and any savings are never passed on.
  • Andy_WSM
    Andy_WSM Posts: 2,217 Forumite
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    Michaelw wrote: »
    That doesn't mean the ever increasing standing charge will do so.Supplers will argue that gas is bought in advance as they always do and profits are minimal and any savings are never passed on.

    Yep and then the wholesale price will creep up above today's level in 6 months time and the price will rise immediately. We all know how it works!
  • JohnB47
    JohnB47 Posts: 2,544 Forumite
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    Andy_WSM wrote: »
    Yep and then the wholesale price will creep up above today's level in 6 months time and the price will rise immediately. We all know how it works!

    Curious that the regulator doesn't seem to know.
  • Andy_WSM
    Andy_WSM Posts: 2,217 Forumite
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    JohnB47 wrote: »
    Curious that the regulator doesn't seem to know.

    Big brown envelope somewhere...or an MP involved, that would do it.
  • Gerry1
    Gerry1 Posts: 9,937 Forumite
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    Seems to be happening ! I was with Yorkshire Energy, paying £926.00 but I signed up to Gulf at £807.70 and thought I'd done quite well.

    But today during the 14-day cooling off period they've launched a new tariff at £765.15 so it's a no brainer, 17.4% less than I was paying.
  • Rosco62
    Rosco62 Posts: 61 Forumite
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    Its only a shame electric prices aren't falling my gas is down from £478 to £405
  • Talldave
    Talldave Posts: 2,002 Forumite
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    Gerry1 wrote: »
    Seems to be happening ! I was with Yorkshire Energy, paying £926.00 but I signed up to Gulf at £807.70 and thought I'd done quite well.

    But today during the 14-day cooling off period they've launched a new tariff at £765.15 so it's a no brainer, 17.4% less than I was paying.
    Same for me, they've lowered prices mid-switch! Sadly they're not answering the phone today (staff training) :-(.
  • AndyPK
    AndyPK Posts: 4,241 Forumite
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    there are some great rates ATM if you fix for 12 months. (£35 exit fee)
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