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to lock in for 3 years

(3 Posts)
MenMust Sat 14-Jan-17 12:24:06

Hi

I need to renew my dual energy tariff which ends 31st January.

I am trying to decide whether to take out a 1 year, 2 year or 3 year tariff but it depends on whether energy prices are likely to keep going up. Am tempted to lock in for 3 years.

Does anyone here have any insight as to how energy prices may change over the next 3 years?

I know we don't have a crystal ball so cannot say for sure but I would be grateful if someone here is able to provide an educated guess.

Thank you!

tramstray Sat 14-Jan-17 14:08:16

Lock in. Energy prices will only go one way, and that is up. Brexit will see prices rise, the weaker pound will see prices rise. Even if there were no price rises in the wholesale cost, the energy companies will find a way to put them up.

DrivingMeBonkers Sat 14-Jan-17 22:09:56

Take advice from Martin Lewis Money Saving Forum.

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