Any Chance Energy Bills May Drop

Maybe in gas, less likely in electric.

Energy companies can be very quick to raise prices and pass on the full increase in any costs. But, very slow to pass on reductions, often spreading them out over multiple tariffs.

This is furthermore compounded by £ exchange rate and what happens next month.

We have had a good few years of slow but consistent price drops. That all changed over the last 12 months or so. Personally, I do not see prices going down (electric especially) any time soon.

Al_Ross wrote: »

Was wondering as the Oil price is falling again,could we possibly see a reduction in Energy prices ? or is that highly unlikely ?

Consult a comparison site to find the best deal for you.

Over the last couple of weeks, we secured a fixed gas tariff following a small drop in price.

For electric, we were advised of the possibility of saving 4.5% on a variable tariff (or even 5.5% if we opted to pay by DD)
Since that notification, the existing supplier has notified us of a 15-20% increase in their variable tariff too.

Perhaps look for a tariff with no early exit fees if you think prices may fall.