› UKTH forums › 🛠️ Life & Stuff › Utilities › Energy Price Rises Hi all, What’s everyone thinking of doing RE energy bills? Going on variable and paying the cap prices? Choosing a 1 or 2 year fixed tariff? Staying with current supplier... › Reply To: Energy Price Rises Hi all, What’s everyone thinking of doing RE energy bills? Going on variable and paying the cap prices? Choosing a 1 or 2 year fixed tariff? Staying with current supplier…
Has to be done. The tracker tariff in my eyes is amazing, the fairest way to get energy. In some respects I don’t mind paying more for it if the wholesale costs shoot up (after all why should they pay for my energy when we have to pay what we use for other things, like fuel). on the basis that I benefit immediately as the wholesale costs come down, which this tariff provides. It seems criminal that today i’m paying 18p/kwh for elec and others on ‘price cap’ tariffs are paying, what, double that?
Even then there’s room for improvement as the wholesale price of elec is affected majorly by the wholesale cost of gas. Given most days well over 50% of our elec comes from renewables these days they are looking to decouple those prices but I don’t think we’ll see that for years as it involves a whole market shakeup. When that happens elec costs should drop a lot more.
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