More Energy price rises?
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nPower are the latest energy company to announce today what is a 10.4% dual fuel increase to take effect from 1st December 2013. One thing to bear in mind is that although this impacts our own costs at home and creates lots of political debate, the wholesale energy market in which we operate on your behalf is far more transparent than the seemingly sudden increases you see in domestic tariffs.
Energy companies hedge their portfolio on a rather cyclical basis so if we use the information available to us we may have a chance of knowing what’s coming based on the daily market movements we have seen so far since the last round of tariff reviews. The good news is there would be no surprise if we saw no price increase when they revisit their tariffs again largely due to the wholesale market remaining at similar levels from April to now but who knows what is around the corner.