Energy Prices (Strictly NO referrals!)

[b0rn2sk8]

Why wouldn't you? It was always going to be higher in winter than in summer, that's the whole point. It'll still likely balance out to be cheaper overall than fixing.

tracker reflects the daily price, the price cap reflects average price looking backwards over 6 months.

Tracker wins in a falling market as it has gone over the last year because you get to the cheapest rates more quickly. Price cap wins in a rising market because you delay the higher prices getting you.

In a flat/slightly rising market like we have now, they should work out to about the same on average. The only way you can ‘win’ on tracker is if you can shift usage between cheap and expensive days.

 

[Uther]

tracker reflects the daily price, the price cap reflects average price looking backwards over 6 months.

Tracker wins in a falling market as it has gone over the last year because you get to the cheapest rates more quickly. Price cap wins in a rising market because you delay the higher prices getting you.

In a flat/slightly rising market like we have now, they should work out to about the same on average. The only way you can ‘win’ on tracker is if you can shift usage between cheap and expensive days.

Luckily I can shift usage to a certain extent. Yesterday cost me a whole 18p more for the 24 hour period, even though it was 10p/kWh more than the day before.

 

[Welshman]

tracker reflects the daily price, the price cap reflects average price looking backwards over 6 months.

Tracker wins in a falling market as it has gone over the last year because you get to the cheapest rates more quickly. Price cap wins in a rising market because you delay the higher prices getting you.

In a flat/slightly rising market like we have now, they should work out to about the same on average. The only way you can ‘win’ on tracker is if you can shift usage between cheap and expensive days.

gas tracker has been on average 6% cheaper than the capped gas price over the past 30 days, your just looking at the leccy tracker. even the leccy price was on average 5% less than capped price, so still worth staying on it and even more so when on solar and have most of your use covered by that.

 

[Puzzled]

I've come off tracker and fixed. I can't see the new tracker rates working out that much cheaper, they took me off pretty much straightaway so no high rate tomorrow now.

 

[V_R]

38.69p on Dec23 for me, 41.28p on Dec24.