Monday, October 24, 2011

Duel fuel change of supplier?

I have both gas and elec supplied by N-Power,in light of the price hike now imminent should i change my suppliers immediately or can i expect the other companies to announce a price increase of their own.

If i do switch how reliable are sites like Confused.com or U-Switch?Duel fuel change of supplier?I heard theyre going to follow suit so you may as well stay with them for now.Duel fuel change of supplier?I, too use nPower. As you know, like all suppliers, their prices go up and down. You are right to expect other companies to follow suit with nPower's 10%-11% imminent rise in charges.



Of all the pundits I have seen on T.V. lately and also heard from experts on radio (yesterday on BBC Radio 2) the general advice is: UNDER NO CIRCUMSTANCES TRY SWITCHING AT THIS TIME. Confused.com and U-Switch get about £60 per switch and so they will probably still try to advise such a move. Their advice is reliable at the time of publication, being regulated by law, but remember the old saying: '%26quot;What goes around comes around.%26quot;



The BBC Radio 2 'expert', especially, advised that you would gain little and might pay more if you switched within the next six to eight weeks. The advice was to see how the market stabilised i.e. how other companies match up to nPower.



Thereafter, you might be in a better position to judge what is suitable for you from the various offers available. Unless something incredibly advantageous came about - and I doubt it - switching to gain a few pounds and then switching again at a later date seems to me not to be worth the 'hassle'. You may lose a few quid this time and then gain a few quid next time. This is what happens to me for standing orders for power charges with my bank. A bit like mortgage offers, really.



Come back state-owned monopolies! They had you by the nether regions but the competitive market will try to get you in every other part of your being!



My advice: Weather the Storm - which seems to be predicted for financial markets in 2008. Who decides these things? Gordon Brown? Doubt it. What a darling!Duel fuel change of supplier?Wait a few weeks, because they will all hike, and then get the best deal. Check out moneysavingsexpert.com for more info.Duel fuel change of supplier?I have found U Switch to accurately indicate the cheapest supplier for myself.



The recent past has however shown that when one company raises it's prices the others follow, sometimes after a short period of mopping up customers from the first company to make a move by increase it's prices.



Once you have found which company offers the best package for you and your usage it will generally stay so despite the natural ups and downs of the market prices.Duel fuel change of supplier?it said on the news yesterday that other companies will now follow an do the sameDuel fuel change of supplier?Likely that all the others will follow so it is best to wait until everything stabilises before changing. U Switch is OK but they all rely on the information that you feed them. I am also with NPower. When you change you should consider the £60 rebate you will get or lose if your timing is wrong.Duel fuel change of supplier?It's a nightmare changing all the time, you never really save through all the hassle thats invovled when your up in arms with them over the billing....

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