Energy Costs to Rise. (Again)

Do you think its wise to continually read this ‘terror’ propoganda?.

https://www.bbc.co.uk/news/business-58106105 Not just the Daily Fail reporting this.  OFGEM have decided to raise the cap on electricity and gas prices in October, which will result in prices going up for anyone not on a fixed contract.

So what is the best way to get the best rate?

For years I paid my bills directly with EDF and British Gas, I was often offered a deal by either to take on both accounts under one company, and I always turned them down.

Then about 6 years ago I came across a company who would use their resources to find the best deal out there for all my energy.

I wouldn't say it was a 'catch', but there was a fee involved, and that was, if they could save me £50 or more on my current prices, I had to pay a £25 yearly fee, for as long as I wished them to source the market for me.

So I can quit at anytime.

After giving them the details of both accounts they came back to me and told me that by changing suppliers, I could save £260 in the first year, so I agreed and they transferred my accounts to a new supplier for my gas and electricity.

I must admit I was sceptical, but I took my own meter readings and compared what I was paying to what I was now paying, and in the first year they did as they said, and saved me just over £260

So the 2nd year came and I paid another £25, they kept an eye on the market and when something cheaper came along, the flipped me over to a new supplier.

In the last 6 years I've had 4 different suppliers, each one slightly cheaper than the last.

But it must get to a point whereby I'll be paying rock bottom prices and no further deals are available.

But the thing I like about it all, is for £25 per year, they do all the work and they take no commission from the companies they use, it is impartial.

Now there are a few companies out there offering this service, I have not compared them, I am happy with my choice, and my choice was ‘Flipper Community’, Google it to lean more.

The question is where exactly is all the money going when the price of a kWh increases for the consumer?

Has the privatisation of utilities been a success or a failure?

Will renewable energy always be more expensive than cheap coal?

Arran Cameron: 
 

The question is where exactly is all the money going when the price of a kWh increases for the consumer?

Has the privatisation of utilities been a success or a failure?

Will renewable energy always be more expensive than cheap coal?

It's mostly going to places like Russia and the USA.

North Sea gas is running out.  We are having to import more of the stuff every year.  It arrives via pipelines from Norway or Russia, or boats from the USA.

That's both gas for heating, and gas for generating electricity, with gas still being the largest source of energy generation.

All the time there was a pandemic-induced recession, there was plenty of supply and little demand.  But as industry starts up again, demand is rising Worldwide, and we're buying on the World market now.

Renewables will help in the long run, but coal-fired power stations are all but shut down, and nuclear stations are also shutting down.  So the requirement for gas isn't going to go away any time soon.

Tim.Rudge: 
I get the same service from 'Look After my Bill' which does not cost me a penny in annual fees. Check them out.
 

Tim, I found that those who do not charge, tend to be paid a commission from the supplier, and for me that doesn't sit right.

AlanShaw: 
 

Tim.Rudge: 
I get the same service from 'Look After my Bill' which does not cost me a penny in annual fees. Check them out.
 

Tim, I found that those who do not charge, tend to be paid a commission from the supplier, and for me that doesn't sit right.

It's safe to assume that if company X isn't willing to offer a commission to the switching service, then you won't be switched to company X, however cheap they are.

Simon Barker: 
 

 So the requirement for gas isn't going to go away any time soon.

My stance is that the government has no right to go round banning the sales of gas boilers and cookers until it takes action to reduce the amount of electricity generated from burning gas.