Capping energy prices. can someone help? - HotUKDeals
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Capping energy prices. can someone help?

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8y, 4m agoPosted 8 years, 4 months ago
Right i'm well confused energy prices are apparantly going up so im supposed to cap. i know what capping is but how do i do it. i've recently started renting a new house at uni, i know how the electric and gas suppliers are but thats about it do i need any other information or is that okay.

i need some help please, this is proper grown up stuff, i just wanna make sure i dont waste too much beer money
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8y, 4m agoPosted 8 years, 4 months ago
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#1
all you need to do to cap is phone the supplier. The capped price is slightly more than the usual price but with the prices going up you will be locked in at a lower rate than everyone else on a standard tarrif
#2
british gas offer 2 price caps atm one will cap it at a rise of 9.8% (before todays rise) for 15 months. the other caps it until 2011 but you'd pay todays increase
#3
well ill only be in this house for a year
#4
scot power offer price cap till sept next year :thumbsup:

check
moneysavingexpert.com
#5
Hi. I would recommend you go through a comparision website to try and find the best deal available to you.

Unfortunately, this means having some idea of how much electricity and/or gas you might use in the year, or an estimate of your current monthly spend. I've used moneysupermarket to do this recently (Friday) and found Scottish Power were the cheapest for me (you don't need to stick to your current supplier, unless the terms of your lease say so).

Once you've decided on who you want to go with, you can either select the tarriff from the comparison site to sign up to it or go direct to the supplier (e.g. phone or online).

Note that you can get cash back for some energy suppliers. See sites like Quidco.com for this.

Note, however, that according to another forum I read, some fixed rate deals are being removed from comparison sites at the moment so if you don't find may energy suppliers in your comparison you may want to go direct to the major suppliers, either by phone or online. Some suppliers sites are easier to see the prices than others.
banned#6
I just did a comparison and cheapest cap (scot power) worked out at 70% more than I currently pay so check your figures carefully. Currently with atlantic (always the cheapest)
#7
Note that fixing your prices can mean paying around 20% more (or more!) than the cheapest available non-fixed tarriff. When I compared, the gas was around 13.6% more than I was paying and the electricity was 27% more! But if you're worried about the scale of increases that could happen then maybe fixed rates are the best option for you.
#8
csiman
I just did a comparison and cheapest cap (scot power) worked out at 70% more than I currently pay so check your figures carefully. Currently with atlantic (always the cheapest)


Either you're on an exceptional deal at the moment or they've just put their fixed prices up.

I noticed that their fixed price went up a bit a few weeks ago, before I decided to lock in, but looks like I timed locking in reasonably well if they've gone up again this week. Of course, depends where in the UK you are too.
#9
Woh! Moneysupermarket now only showing E-on! Move fast my friends!

In fact, just been to Scottish Power website, went through the Quote options and tried to get a fixed price quote. When I clicked on the final "Take the Savings challenge" button it returned the message "The tariff you selected is not available in your region. Please check your details.".

Looks like if you haven't fixed already, you may have missed the boat!
#10
csiman
I just did a comparison and cheapest cap (scot power) worked out at 70% more than I currently pay so check your figures carefully. Currently with atlantic (always the cheapest)


depends where you live in patch out of patch. in my area I was actually paying about the same witht he cap !!
#11
csiman
I just did a comparison and cheapest cap (scot power) worked out at 70% more than I currently pay so check your figures carefully. Currently with atlantic (always the cheapest)


Well I'm with Scottish Power and when I did the usual comparisons, Scottish Power were £9 less over the year than Atlantic. Based on 12000 units of gas and 5000 units of electricity.

And for all 15.9 million British Gas gas customers........................................WOW! 35% that's some rise!

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