Sunday, 17 August 2008

Energy bills are soaring

Energy bills are soaring, so now consumers are looking for ways to save money with their household bills. This is not surprising either, what with British Gas prices recently rising by 35%, and Electricity prices rising by 9%!

Fixed price energy tariffs are one way that consumers can save money on their bills. With these tariffs (or capped energy tariffs) guarantee the price per unit that you are charged will not raise above the agreed amount for a stated amount of time.

This period is usually 1 to 2 years. In the present climate of high energy prices , these deals are becoming more and more appealing.

Really there are two main points to consider when trying to compare fixed price energy deals.

1. Be certain you understand exactly the date that your deal ends, as you will need to be ready for the possibly hike in prices when it runs out!

2. Some suppliers of fixed price energy deals may reduce your capped Unit price if there is a drop in their standard prices, whereas other providers may not do this. -Make sure you know which is the case with your energy provider!

full article

1 comment:

sam said...

As we know from the dwindling cash in our pockets energy prices are going through the roof. There is also talk that the energy providers will be increasing prices again in the new year. There is no better time than now to buy energy efficient products. When choosing what to buy take into account the energy rate as the appliance will use less electricity. Every little helps in hard times!