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Wednesday, July 30, 2008

Energy prices

I don't know about you but, in anticipation of the big increases of energy prices, I snapped up a capped tariff on my electricity supply until the end of August 2009. Just as well because following EDF's 22% gas price increase and 17% electricity increase last Friday, and British Gas announcing a 35% increase on gas prices and a 9% rise on electricity today, capped tariffs are vanishing faster than support for Gordon Brown.

The capped tariff I managed to get from Scottish Power is ten percent more than the variable rate I was on but if the prices go up by 20%, 40% or even 60% as some are predicting then I'm bloody lucky to have got that capped rate at all.

I don't know what is more frightening: the rocketing energy prices or the fact that I had the wherewithal to take measures against it: I'm usually a bit rubbish at financial planning.

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