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Got the smart meter installed in readiness to go on the tracker and then Hamas and Israel start a war, no doubt Iran and Putin are in the background. I think I may hold my horses for a watching brief for now. Are people expecting upward spikes in energy on the wholesale market in the short term, or is it too early to say?
 
If anyone knew in reality they'd be placing buy orders to make bank, it's a guessing game.

Those things have been happening for a while and gas & elec is still pretty cheap, when the Australian strikes happened there was an immediate trend upwards, nothing as yet with this beyond the usual price fluctuations. I see it as a whole-year move anyway personally, if you're going to switch away the second there is a spike you'll probably not enjoy it. In winter there will be some days above price cap, but balanced out by the rest of the year not being so. I joined in jan last year before the snow and the highest rate I've laid has been 7p gas and 28.9p elec, both when the price cap was higher than it is now back in Feb - that's pretty much what the price cap is now which is mad

When euro demand goes up the price will go up some but I've saved a fortune all year so there is tons of pad. We'll still be using electric blankets at night though instead of heating the house when we are asleep as they cost pence per day.

If you'd rather have stability there are some fixes about but they're pretty much at the price cap amount

I keep a eye on the Cornwall insights forecasts and they generally expect energy prices to be fairly static to the end of the decade - the fall is usually by changing the calculation for less use so I use their table for the old method

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Unit rate forecasts

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Obviously they don't know the unknown
 
Thus far that seems like a bit of sensationalism

Obv not great news but the "soaring" part is a 2-week high. Hopefully no ridiculous increases

For context this is the last year

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Is there a website that tracks this and has historical data. My fixed deal comes to an end in March 2024, so looking to track this over the winter to compare. Currently paying 18.9p per kwh for electricity and 3.8p per kwh for gas.
 
thewanderer said:
Is there a website that tracks this and has historical data. My fixed deal comes to an end in March 2024, so looking to track this over the winter to compare. Currently paying 18.9p per kwh for electricity and 3.8p per kwh for gas.
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There is but I'd say that data is of little value, it's not something you can chart based on what it was like last year.

It went above the epg in November 28th hitting 47p but there was the price guarantee then so the discount kicked in, then down to 40p by 3rd December, up and down until 12th December. That was one single day at 78.6p and from there it tumbles to 52p next day, by 17th it's 39p, by the 19th it's 27p, 13.3p 29th, up and down between 20-30p. This was when the price cap was higher, wholesale prices were like 350p per therm, they're currently at about 128p or something like that after today's antics.

it's a very small period of increased prices based on the data, and its been cheap ever since but anything could happen.

Tracked won't beat what you're paying now as a guarantee, legally best staying in it in over winter. It might beat it but it's a gamble. You'd probably have exit fees to pay anyway until Jan which can add up as they're per fuel
 
ThatFragranceGuy said:
There is but I'd say that data is of little value, it's not something you can chart based on what it was like last year.

It went above the epg in November 28th hitting 47p but there was the price guarantee then so the discount kicked in, then down to 40p by 3rd December, up and down until 12th December. That was one single day at 78.6p and from there it tumbles to 52p next day, by 17th it's 39p, by the 19th it's 27p, 13.3p 29th, up and down between 20-30p. This was when the price cap was higher, wholesale prices were like 350p per therm, they're currently at about 128p or something like that after today's antics.

it's a very small period of increased prices based on the data, and its been cheap ever since but anything could happen.

Tracked won't beat what you're paying now as a guarantee, legally best staying in it in over winter. It might beat it but it's a gamble. You'd probably have exit fees to pay anyway until Jan which can add up as they're per fuel
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Yeah I get that. Would just like to see how it performs over winter as a comparison. Obviously won't be leaving my current deal until it expires in March.
 
That's the problem with these types of things. You're going to end up putting the heating on when you don't need it and not putting it on when you do 😆
 
JustTheGent said:
That's the problem with these types of things. You're going to end up putting the heating on when you don't need it and not putting it on when you do 😆
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Or you'll do what I did all last January and February and have it on all the time and pay about 30% less 😘 then spend the rest of the year paying 30-40% less on electricity than price cap, but you won't need the heating on as tapping out all those made up air fryer stories will keep you warm.
 
westlaner said:
Whatever ...enjoy Yr cash mate ......
Never see a comparison mind ?
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Comparison to what? If you mean to standard price caps or fixes I've taken several posters actual usage from them in kWh over 13 months and modelled for them what they would be paying on the price cap, any fixes they've been offered and the tracker, and added scenarios for prices going up on the tracker by adjusting the whole year values up a bit

Last I checked i had saved over £400 since Feb on electricity tariff alone, lot saved in gas Feb/mar and what's been used since has cost less obviously although usage isn't high, it's still getting used so paying less.

We are high electricity users but even low usage users would have made good savings

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37% saved last 28 days in elec. gas is probably not far off most days
 
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Yeh to save on 39 pages of mostly crap, can you justs give some basic advice about whether it’s good to fix or not just now? I’m already with Octopus on their standard variable tariff so far as know
 
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