subject: Analysing The Trends In Electricity Prices [print this page] In the previous years, we have witnessed how electricity and gas prices rose tremendously. The price of these services went up worldwide and many have suffered dire consequences. But little did we know that since early 2009, wholesale electricity prices have fallen, and they have continued to fall ever since. Regardless of this, not all of the providers have adjusted their retail rates accordingly. To this day, many consumers still have to deal with increased gas prices.
Why is this so?
In February of this year, there was another price cut. This eventually should have presented a perfect opportunity for leading suppliers to follow suit so that they can provide consumers with better options when it comes to gas and electricity, but that did not happen. As a matter of fact, even though household electricity prices have observed some decline, it did not sustain for long and eventually remained static.
For this reason, more and more people are now finding means to better this situation. Fresh and new methods of energy conservation are being welcomed and applied. Also, due to the great demand, energy comparison sites have emerged.
Energy comparison sites, as the name suggests, are sites that allow consumers to compare energy prices between competing suppliers. In the past, you would have to drive around and scour the market for the individual rates of each and every supplier. This job will be impractical and truly time consuming. In the advent of comparison sites, by simply providing them with your postcodes, you can receive a list of the rates of ten suppliers and efficiently make your decision.
You no longer have to go around and do the job by yourself because these sites will do them for you. The list will help you decide on whether it is wise to switch to another company or to stay with the company you currently use.
Once you have made the decision, these sites can also facilitate your transfer by providing you with a convenient application process with the company of your choice and once all the arrangements have been made, you can enjoy your new and improved rates without having to re-pipe and re-do your entire electrical and gas system.
It is hassle-free and definitely convenient. It is no wonder why more and more people are trying it out.
Gas and electricity rates may take longer before they become more affordable. To this day, there is still no stability in the worldwide market, so alternative methods should be explored.
Here are some more tips that you can consider apart from comparing energy prices:
a.Efficiently conserve energy by
-Insulating your hot water tank with a lagging jacket
-Insulate pipes
-When boiling water, make sure that the kettle or pot is closed properly to make sure that it will reach boiling point more easily and therefore need less energy.
-Defrost your freezers more regularly so that they will function properly.
-If you can manage, reduce the thermostat to even one centigrade and observe a decrease in your bill to about 10%, guaranteed.
b.If a supplier drops its rates, do not consider transferring until the market adjusts because the other suppliers might follow suit and offer better rates.
c.Try requesting for a government grant for loft insulation. You might not receive 100% coverage but partial assistance would be helpful, as well.
