Markets are expecting Mr Martin Carney to deliver on his word and lower interest rates in August, however for the Energy Market, there may be no worse time than August for an announcement like this, with planned maintenance works taking place in August/September. The current situation for Gas and Electricity prices is one of complexity, with an oversupply and weak oil prices keeping offers down whilst British Pound Weakness and supply forecasts keeping offers up.
In short: With the market being relatively flat, now would be a good time to switch, however, all energy decisions should air on the side of caution.