Energy switching sites have a vested interest in sowing fear and confusion:
The key here is "if current trends continue". As Keynes famously said, on current trends we'll all be dead.
What if the current trend is more like the 35% increase in US gas production over two years is replicated internationally? It's too early in the morning to do the math, but that should mean prices below £100 by 2020 - an equally ridiculous assertion.
What if the wholesale price for one year gas from this day last year to today moved down from 94.44 pence per therm to 49 as it has? Why don't we go on those current trends? Then we should, in theory, see last year's increase on domestic prices evaporate.
But will we see those prices move down? Not with a no-touch-at-all regulatory regime from Ofgem combined with lazy journalists putting rubbish like this on the front page.
The true story is that prices should be coming down, and that that would give £500 a year back to domestic customers. Another story is that LED lighting will mean 20% of electricity demand evaporates. Another story is that smart metering can cause at least a 5% drop in demand by 2020, a very conservative estimate. Throw in another conservative estimate, here from National Grid, a rather more disinterested view, that combine a new gas glut with new transmission technologies and smart metering and
Now that last sentence explains the fear that some suppliers and every switching site has: if consumers, large and small, interact with the market simply by paying wholesale prices plus transportation plus margin as over 80% of US and Canadian consumers do, then the entire business case of energy consultants and switching sites disappears as The Economist reported earlier this year.
And more to the point, do newspapers truly have a dis-interested view?:

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