Global warming, global fuel shortages, global uncertainty, global price rises. When we look at the news the picture is rarely rosy. With prices soaring by up to 35% most people will be looking to reduce or limit their expenditure on energy as winter creeps ever closer- while still keeping warm.
Fixed price energy tariffs are one way for consumers to save but do they offer the value you hope for and what about the small print?
A fixed price tariff is a plan many of the energy providers are offering to attract new customers and in troubled times, keep existing customers. The advantage to the consumer is stability and the ability to plan the energy budget for the period of the contract. Many of the providers offer one or two year contracts but British gas are offering a tariff that runs until January 2012!
As the providers will be competing for our custom it is in the consumers interests to compare gas and electricity prices as there are sure to be savings for the canny shopper. Though don’t just compare the price, two considerations may sway you between providers. Be sure of the term the contract covers, if you get the dates wrong you may fall foul of penalty charges reducing the value of the deal. Also, some providers may drop the fixed price if there is a reduction in bulk prices worldwide, other providers will hold you to your contractual obligation. Know for sure before you sign on the bottom line.
So, while the offer is there, seek out the best deal and compare the competition. If using a comparison site use one like www.energychoices.co.uk unlike some sites it is regularly updated not only with the latest deals, but also articles that explain the jargon and resources that use facts like your postcode, budget and consumption to ensure you get the best value.
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Fixed Price Energy Explained-
