Energy prices on the rise
August 21st, 2008Back in June I wrote about how energy prices were predicted to rise by as much as 40% this winter, with the prices set to be risen in August. True to form E-On this morning announced that they are set to raise gas prices by 26% and electricity prices by 16% tommorrow, the 22nd August.
Predictably the price hike was blamed on an increase in wholesale costs, which E-On said had risen by more than 51% since February, for the latest rise - the second in a year.
EDF Energy and British Gas raised their prices for domestic customers in July, and others are expected to follow suit. We advised back in June to shop around, and that advice still applies today.
- MoneySupermarket - Probably the largest utility comparison site out there, you earn 1,500 points for a completed comparison when you go via MutualPoints.
- USwitch - Not quite as well known as MoneySupermarket (and the reward isn’t as high either at just 750 points) but the moral of this particular story is to shop around, so it always pays to use a few sites to see which offers you can find.
Hopefully shopping around will enable you to soften the blow a little and approach winter with a little more confidence financially.



