Is Now the Time to Switch to a Fixed Energy Tariff?
By Katie Anderson on June 10, 2011
Following on from Scottish Power recently announcing their plans to increase their gas and electricity prices by 19% and 10% respectively, Which?, the product-testing and campaigning charity, says now may be the time to switch your energy bills.
It seems highly likely that other energy companies are eventually going to follow suit and Which? Switch, the independent, not-for-profit energy comparison service from Which?, says it has noticed a rise in the number of customers switching to “fixed” energy tariffs since Scottish Power’s price rises were revealed.
As speculation continues to mount over which energy provider will be next to make similar price hikes, switching to a fixed tariff may be the best way forward for consumers to protect themselves from sudden increases in energy bills.
“Fixed tariffs can be a good way to avoid price increases, and will give you peace of mind that the cost of your energy bills will remain the same for some time,” explains Charlotte Berry from Which? Switch.
“Fixed price tariffs are generally set at a premium – particularly if the fixed period is over a number of years – so you might not always be on the cheapest possible deal. You should also check what cancellation charges you will have to pay for leaving the tariff before the end date.”
As well as changing energy providers or switching to fixed tariffs, installing energy efficient condensing boilers or fitting draught proofing are just two measures that consumers can implement around the home to help cut rising energy costs.