After facing enormous hikes in the fuel prices over the last few days by major companies, energy experts are encouraging people to seize the fixed rate tariffs introduced by the Scottish Power. After the abrupt increase in the prices of gas and fuel, Eon and SSE have risen to the third and fourth positions respectively, in the list of energy producing majors of the country. While Eon has hiked its annual gas tariff by 26% and for the electricity by 16% which sums up to a £234 hike on a yearly basis. Whereas SSE (Scottish and Southern Energy) has announced a 29 percent (£181) increase in the gas prices and a 19 percent (£78) boost in the electricity prices, which brings it to a total of £1,259 annually for an average house, which will be applied from 25th August, 2008. Nonetheless, the fixed rate tariff plan announced by the Scottish Power was a breather for the Britons, which will lock the prices until next year (October 2009), by £60. This would reduce the annual dual bill to £1,099, which is equivalent to the supplier’s quarterly bill tariff. However, the deal is still £250, i.e. approximately 30% more expensive than the Click energy 5 plan being offered by British Gas’s online, the cheapest one being offered in the country. It charges around £845 annually. Even though a decrease in the whole sale prices was observed in August, but due to the leaking of a gas pipeline in North Sea, a contrary 12 % increase was noted last week.

News Feed From: http://www.electric.co.uk/news/energy-experts-in-support-of-the-fixed-rate-tariffs-1234672.html

To compare fixed rate energy deals click here: