[Finance] Is it time to look at fixed rate prices for gas & electricity

[Flounce]

I have fixed from Jan 24 to Jan 25 with EDF. Slightly cheaper than the variable after the January increase and I’ll suck up the proposed decrease in April as gas usage is very small outside winter months. £75 exit fee if the prices ended up dropping big time, no worry about big increases if it goes that way for next early winter.

 

[bluenitsuj]

I came off a fixed last week, the new fixed rates were line (+-£100) with the standard variable rates on British Gas. This was the day before the energy price cap for January 2024 was announced but can’t see that having too much swing on the SVR

Only 2 of us in our house and our average is well below the UK average that is often used for the price cap.

 

[Billy the Fish]

as a matter of interest what sort of rates did you get.

Sorry only just saw this.

With Octopus - 28.97p/kWh 45.57p/day for 12 months

I haven't checked to see how that compares with other rates, its more the peace of mind to know it won't go up this winter and I can budget accordingly.

 

[LamieRobertson]

Now the price cap for the next three months has come into effect I’m revisiting the idea of fixing for either the next 12 months or 24 …I’m currently with OVO

Anyone else giving this consideration as the long predicted fall has come into being.

 

[Weststander]

Now the price cap for the next three months has come into effect I’m revisiting the idea of fixing for either the next 12 months or 24 …I’m currently with OVO

Anyone else giving this consideration as the long predicted fall has come into being.

Didn’t it come into effect on the 1st?

With fixing, late summer often seems good, when all the experts optimistically forecast a winter of lower bills. Which then goes wrong in October as Putin and OPEC+ via Cornwall Insight spread gloom.

 

[LamieRobertson]

Didn’t it come into effect on the 1st?

With fixing, late summer often seems good, when all the experts optimistically forecast a winter of lower bills. Which then goes wrong in October as Putin and OPEC+ via Cornwall Insight spread gloom.

Yep it did …and the quotes I’m seeing take this into account ….maybe early summer would be a better idea …obvs dependant on predictions coming true, availability of fixes and world events

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