British Gas and E.ON reduce energy tariffs
As energy prices continue to fluctuate in the UK, today saw British Gas and E.ON reduce their dual tariffs to under £1000 a year. As soon as the British Gas Web Saver 4 tariff was released, E.ON introduced its own FixOnline 3 which is £10 cheaper at £984 a year.
The E.ON tariff also enables customers to fix their prices until 1 December 2010 which on the surface seems very attractive but is there a reason for this?
Many homeowners in the UK may well be wary of such long-term price fixes as a great number were apparently caught out when energy prices peaked last year and significant numbers of UK households are still locked in at higher prices. It is difficult to know when to lock in and went to go with the market, especially when it looks as though energy prices have peaked yet the price of oil is starting to push ahead strongly.
There is also a need to consider that as we approach winter time more and more people are using more and more energy for heat as well as normal day-to-day usage. Will we see the UK government introduce further one-off payments to pensioners? Will the government attempt to curry favour with UK households as we approach the next election?
Share this..
Related stories
Universal Credit to leave working families worse off
03/02/2016 The introduction of Universal Credit (UC), which will combine six different types of benefits into one monthly payment, will leave working families worse off, according to the Institute of Fiscal Studies (IFS). UC was intended to leave families better off than they would be under the current system, but the IFS has claimed that cuts to the programme mean that the average working...
Read MoreIs the UK pension system fatally flawed?
The UK pension sector has received a significant blow today with a suggestion by leading actuaries in the UK that their life expectancy figures could be fatally flawed. The current system is based upon a model created in 1999 which suggested that the rate of increased life expectancy at that time would not continue into the future. However, there is a suggestion that the trend of constantly increa...
Read MoreIs the UK is set for a sub-prime mortgage crash?
The survey which we highlighted by housing charity Shelter seems to indicate that the UK sub-prime mortgage sector is under serious pressure. There are expectations of around 40,000 housing repossessions in the first six months of 2009 with the potential for this figure to mushroom if the UK economy, as expected, takes a further lurch downwards. So is the UK set for a US style sub-prime mortgage c...
Read MoreHave Mortgage Rates Peaked?
News that Halifax and Bank of Scotland, part of the HBOS group, have cut their mortgage rates for new customers by 0.3% and 0.45% respectively has been well received by the markets. This comes on the back of a similar move by Northern Rock and rumours of further cuts to come in the sector. The combined moves of late, which have seen the HBOS group reduce rates 3 times in June alone, has prompted...
Read MoreLearn to complain and get justice!
Even though the UK has one of the most stringent and powerful set of consumer regulations in the world, fewer people than ever before seem willing to take their complaints to the highest level and push them all away. How many times have you complained about a financial product, a meal at a restaurant, goods bought in a shop and promised to take it all of the way but never actually got round to it?...
Read More