Lots of energy suppliers have put up their prices, by up to 18% in the worst cases. Has your supplier put their prices up? If they have then are you considering moving to a different supplier.? If you are then you shouldn’t be, not yet anyway. The reason is that the cheapest suppliers at the minute are the ones that haven’t put their prices up. This doesn’t mean that a price rise isn’t around the corner though. There is every likelihood that as soon as you move to them their prices will rise too. Unfortunately it is probably best to stay where you are for the next few months.

In a few months time we will be able to properly assess the market and see who is cheapest. Many more suppliers will have put their prices up and those that haven’t may well have issued a statement to say what they are doing. There is going to be no getting away from it though, your bill is almost certainly going to rise.

If you do switch now their is every chance that in a couple of months you will find yourself on a more expensive deal and you may have to switch again. You could even end up locked in to a tariff for 12 months. These type of deals are rare but sometimes you get better rates by agreeing to stay with them for a year. Now isn’t the right time to go for these type of offers. There are a few deals left were you can get a fixed price for a number of years. If you are desperate to move and you can find one of these deals that aren’t to expensive then they are a reasonable option.

In truth though the only people who should be looking at switching are those that have never moved before. If you are still with your original suppliers then the savings would be so great that moving now would still leave you better off, even if prices rise at your new supplier.