Despite the recession, UK energy prices have shown an upward trend over the last few years.  For most of the last year (January to December 2009), electricity annual contracts have moved between £40 and £50 per MWh in the wholesale markets.

Many buyers have been waiting for prices to drop back to £40/MWh again before fixing their contract renewals out of April 2010 or October 2010.  However, annual prices in 2008 peaked at around £90 and, with economic pointers hinting at the end of the UK recession, there is a significant risk of prices climbing again on the back of more positive sentiments about demand.

Is it worth risking an increase of up to £50 (against the peak) to try and save £5?  Fixed energy buyers could benefit from placing now.