2013 market outlook
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2012 was a strange year for a number of reasons in terms of the wholesale price and the price you actually pay on your invoice. It saw the introduction of the Feed in Tariff and Renewable Obligation imposed by the government on the suppliers but most were either under prepared or unsure of how ‘the wider market’ would approach the recovery of this cost which led to differing strategies and messages and in most cases deferring the issue until they had time to review their position.
The fundamental reasons for the expectation that overall prices will continue to rise have changed little from last year however the important point to note here is that the wholesale price proportion of your overall cost has reduced considerably with the introduction of these further fixed charges and fees. This is good for the impact the volatility of wholesale prices has, however the reality of increased costs and effectively additional taxes does more than compensate for any benefit.