Energy price comparison: when should you do it?
Regularly comparing prices for your energy contract is essential. It means you can take advantage of the best market conditions. But when should you do it? Find out about all the situations when it makes sense to review your gas or electricity contract, such as moving house or installing photovoltaic panels.
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The most obvious: when market prices are fluctuating
The energy market never runs smoothly. Gas and electricity are not shielded from price rises or falls. Their pricing is closely linked to production and consumption conditions, and these are rarely stable: a mild winter will mean lower gas consumption, leading to lower prices, an unexpected shut-down of a nuclear power station may cause an electricity shortage and so ultimately affect your bill, an attack on a gas field may disrupt the global gas market, and so on. In short, anything that can influence supply and demand will impact your energy contract prices.
Our advice: stay alert and follow the news regularly. If you hear of an unexpected fall in gas or electricity prices, consider doing a comparison between your current conditions and the market conditions. Also, ask yourself whether your conditions are suitable for a fixed price or a variable price.
If we take the example of the gas price at the end of 2019, the market conditions meant that households were receiving a particularly attractive price. In that case, opting for a fixed-price contact was the most advantageous option as it made it possible to freeze that price for the rest of the year.
