Gas & Electric Prices - Up or Down
Posted: July 6th, 2021, 10:45 am
Not sure where this should go.
Mulling renewal of contract at the end of this month. Trying to get some feel of forward wholesale & retail prices for the next year or two. Simple decision, shall I go Fixed 2 years or Flexible? Quite happy with Octopus our current efficient supplier who are offering terms for both at increased prices off +20 to 25%. Is this fair and reasonable? Which way is the market going? It seems that Green subsidies are causing quite a disruption and Parliamentary indications that there may be changes adding to the problems.
Price comparison site comments as to customer relations and actual prices after a change, show many unhappy. Very few sites have comments from renewing rather than new customers. I prefer to keep my supplier.
Looking at articles predicting possibilities and problems I found these but not easy to draw conclusions.
General discussions sources were these
Articles from 2021
https://www.ofgem.gov.uk/publications/i ... nd-profits
This seems to indicate profits (EBIT) falling
https://www.virtual.prosperoevents.com/ ... ity-prices
Funny, declining cost and rising prices!
Article from 2018
https://www.sciencedirect.com/science/a ... 2117312546
Renewables still require gas turbine for backup
Gas forecasts were these
https://longforecast.com/natural-gas-fo ... -2018-2019
That ended natural gas pricing going forward
What do others do rather than swap and hope?
Mike
Mulling renewal of contract at the end of this month. Trying to get some feel of forward wholesale & retail prices for the next year or two. Simple decision, shall I go Fixed 2 years or Flexible? Quite happy with Octopus our current efficient supplier who are offering terms for both at increased prices off +20 to 25%. Is this fair and reasonable? Which way is the market going? It seems that Green subsidies are causing quite a disruption and Parliamentary indications that there may be changes adding to the problems.
Price comparison site comments as to customer relations and actual prices after a change, show many unhappy. Very few sites have comments from renewing rather than new customers. I prefer to keep my supplier.
Looking at articles predicting possibilities and problems I found these but not easy to draw conclusions.
General discussions sources were these
Articles from 2021
https://www.ofgem.gov.uk/publications/i ... nd-profits
This seems to indicate profits (EBIT) falling
https://www.virtual.prosperoevents.com/ ... ity-prices
Funny, declining cost and rising prices!
Article from 2018
https://www.sciencedirect.com/science/a ... 2117312546
Renewables still require gas turbine for backup
Gas forecasts were these
https://longforecast.com/natural-gas-fo ... -2018-2019
That ended natural gas pricing going forward
What do others do rather than swap and hope?
Mike