Energy bills continue rise, extreme market volatility and credit crises are compounding the problem. With British gas increasing prices by 35%(!) and electricity prices approaching 10% it is unsurprising that consumers are looking for the best prices and budget stability. Responding to consumer demand, most of the leading suppliers are offering capped and fixed price tariffs. This guarantees the unit cost of your electricity- usually for a period of one or two years, though British Gas has just announced a fixed price tariff that runs until 2012.
Although the deals are pretty transparent, you should be certain exactly when the deal starts and finishes, this can prevent any unwarranted surprises, cancellation charges or penalties. It is also worth noting that some suppliers of fixed price tariffs will reduce the unit price if there is a reduction in the global energy price, other suppliers will consider a fixed price to be just that. Check this before you sign on the dotted line. The primary benefit from switching to a fixed plan is the budgetary stability it offers for the agreement period. Given the belt-tightening going on across the world, a little certainty is always desirable.
As British Gas and EDF have just posted price rises, you can be sure the competition will follow, the fixed price deals will change and may not be available indefinitely. The best advice would be to compare online, see all the deals side by side and choose the best package. Be sure to use a site that allows you to search based on your postcode so you don’t choose a deals that isn’t available in your area.
It is worth noting that it’s not just British Gas and EDF energy that have increased their prices; you can be sure all other major energy suppliers will be following in the coming weeks. So it would seem that now is a better time than any to check the deals on fixed price energy that are available in your area. One such site is www.energychoices.co.uk, not only can you search by postcode, but the site is updated constantly so the latest deals are listed, they also host a number of articles to help you avoid the smallprint and the common pitfalls.
Fixed Price Energy Explained
October 22nd, 2008 by admin | No Comments | Filed in Press ReleasesFixed Price Energy Deals – Can They Save You Serious Money?
August 25th, 2008 by admin | No Comments | Filed in Press ReleasesWith energy bills soaring the way they are, many people are looking to save on their household bills. Many people have been hit by British Gas raising their prices by 35%, and its Electricity prices by 9%!
One way for consumers to save on their bills is with fixed price energy tariffs. With fixed price energy deals the unit price is fixed, and will not raise above the agreed price for the agreed period.
Usually the fixed period is either 1 or 2 yrs.
Fixed price Energy
The rise of energy prices in recent times has made fixed price deals much more appealing to the average energy customer.
Things To Be Aware Of With Fixed Price Energy Deals
There are 2 important points to consider when trying to compare fixed price energy deals.
1. With some energy suppliers, if there is a general drop in their standard energy unit prices, they will reduce your fixed rate for you. Others may not, so make sure you know what the deal is with the companies you are considering going with.
2. Make sure you completely understand when the fixed rate deal ends, because you may need to prepare yourself for a bit of a price hike when it does!
One of the main benefits of fixed price energy deals is knowing exactly how much you will be charged for a unit of energy for the next year or so, which allows you to plan your finances much better.
Of course, it is not just British Gas or EDF energy that have recently increased their prices… Pretty much all of the major suppliers of energy will be doing the same in the up coming weeks.
It seems that their has never been a better time to go for a fixed price energy deal.