Fixed-rate energy2013

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British Gas is rumoured to be planning a price rise that would cost its 12 million customers an extra ￡100 a year on average.Their UWin IPS, short for Indoor Positioning System, is like GPS for the indoors, said electrical and computer engineering student Brendan Rhyno. September is the month in which increases are usually announced - and the usual pattern is that one large provider announces an increase, triggering similar moves from rivals.

It is also thought an increase would bring to an end the current array of fixed-price offers, where customers can lock into prices guaranteed not to rise for periods of up to four years.

Since the start of the century the price paid by households for gas has more than doubled. Electricity has also rocketed, but by a more modest 70pc.

The perennial rounds of inflation-busting price rises have become a hot political issue. With energy being one of the biggest regular expenses for many households, many people have opted for fixed-rate tariffs – and that trend is gaining impetus.

Energyhelpline.com, one of several comparison websites set up to help consumers switch supplier, says currently 80pc to 90pc of customers are opting for fixed-price tariffs. Of these, the vast majority selected deals where prices were fixed for less than two years, according Mark Todd, the website’s spokesman.How to choose a home energy monitor. In this article, learn how to choose a Home energy monitor.

Mr Todd warned that if British Gas or another major supplier increased its prices, “cheap fixed-rate tariffs will vanish”.

Of the shorter-term dual-fuel fixed rates,IWS said it offers residential wind turbines photovoltaics, and emergency power systems that it said can cut cost monthly energy bills. M&S Energy’s Fix & Save deal is the cheapest. It locks prices until the end of September 2014, and would cost the average household ￡1,139 a year.

The next best short fix comes from npower, called the Online Price Fix October 2014, and would cost ￡1,181 on a comparable basis.

Mr Todd said these deals would not be available for more than a few weeks in any case as firms “tend not to market deals where less than a year of the term remains”.

But he urged customers to consider longer-term deals where the price is set for several years. Scottish Power, for example, has a Fixed Price Energy January 2017 tariff. Fixed till that date, it equates to a typical annual cost of ￡1,diamond floor polishing pads are designed for floor polishing machines to polish,restore or maintain for the marble,concrete,terrazzo,granite etc.350 .gm tech 2 scan tool is the same tester GM Technicians use to diagnose GM vehicles.

Mr Todd said: “If you want short-term savings, the best deals are the short ones. But you could save huge sums over several years if you opt for a longer-term fix, especially if prices continue to rise.”

Any substantial price increases will reignite the debate about what is driving the price of energy – and who is profiting.


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