Energy price increases

Finance

Centrica PLC – British Gas to you and me, have announced price increases of around 12.5% – Apparently this increase is based on ‘lower’ wholesale energy costs, higher distribution costs and government policy? ‘Lower wholesale’ costs – and prices still go up? Is that right?

If you check back through my blog – look up ‘Octopus Energy’ or follow this link ‘Saving on our energy bills’. I switched to them in 2016 and have today taken up a new twelve month fixed deal. As a direct comparison with British Gas (exactly the same usage at current prices in a fixed deal) Octopus Energy can save me approximately £250.00 over twelve months – not bad.

Make sure as always, you do your own research. When I made my comparisons I did find other slightly cheaper deals but not by enough to make me switch again. Very happy with this deal.

Go take a look: Octopus Energy

And they’re a green energy supplier too!

Just so you know – I have no affiliation to this company. It’s just my opinion.

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Finance
Sterling soars to one year high

Sterling soars to one year high. The Bank of England’s strong hint that an interest rate rise could be sooner rather than later pushed the pound higher yesterday. Sterling continued to make gains against the dollar this morning and moved above $1.35. Its highest level since September 2016. Is a …

Finance
UK interest rate held at 0.25%

UK interest rate held at 0.25% The Bank of England (BoE) has held UK interest rates at 0.25% Interest rates could rise faster than expected after 7-2 vote to hold. Sterling The pound jumped against the dollar ($1.3280) FTSE 100 fell on the news sharply to 7316 – a fall …

Finance
Euro up against the dollar

Euro up against the dollar. The euro has been on a roll recently. This year it is up 15% against the US dollar and just a few months off a three year high. So far, the pound holds on to gains and is currently (08/09/19 AM) up against both the …