Advice guides- .ON Energy – fourth of the big six to announce double digit price increases.
- SSE increase energy prices from 14th September 2011
- ScottishPower launch Online Fixed Saver November 2012
- British Gas has today announced an increase to its tariffs for domestic gas and electricity
- ScottishPower remove Discounted Energy March 2013 from sale
- Co-operative Energy now cheapest offline energy supplier in the Midlands area
- E.ON launches E.ON Fixed Price 5
- British Gas launch WebSaver 12
- Domestic energy prices are falling
- British Gas launch OnlineSaver 4
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Energylinx UK Energy Industry News Service
May 11, 2011
Domestic energy prices are falling
How can that be we hear you ask, as the money that you have been paying your energy supplier will have almost definitely increased in the last two years.
However let us have a look at the figures that the industry and government use when talking about domestic energy prices.
Pre January this year we used a standard consumption figure for an average customer of 20,500 kWhs of gas and 3,300 kWhs for electricity.
We now use 16,500 kWhs and 3,300 kWhs respectively.
So what does that mean in real terms?
If we look at what would have been quoted as an average spend on gas and electricity for an average consumer paying by monthly direct debit, averaged across all big six suppliers on their standard tariffs, averaged across the whole of the UK we come up with a figure of £1,147.57 back in May 2009.
If we look at the same analysis today the figure reduces to £1,032.34.
Great news, that means you are better off by nearly £115 per year.
Strange thing is that we have not found a customer who is spending less today than they were two years ago.
So where does that leave you, the consumer?
Our advice is switch now and switch fast. Wholesale gas prices are definitely on the way up and without doubt suppliers will have no choice but make some radical increases very soon. Overnight we have seen one supplier take a capped deal and whilst offering the same service increase the cost for customers joining today as opposed to yesterday by 10.97% averaged across the UK.
To compare energy prices and try to save that £115 click here
Or call us on 0800 849 7077 today
Posted by energylinx at May 11, 2011 12:32 PM Technorati: Energy Prices
