Quizzes & Puzzles13 mins ago
Energy Price Fixing Bullcarp?
Octopus are giving me options about fixing my gas/leccy prices for a fixed term. Saying - it's up to you!
How the friggin hell am I supposed to know if fixing will be better or not? I'm not an energy expert - just tell me which is better!
Answers
No best answer has yet been selected by davebro3. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.They don't know for sure either, but they have an idea (most experts including Martin Lewis feel the 'cap' prices will edge up again at the next review) and set the differential between fixed and variable accordingly.
Have a look at what Martin Lewis suggests- he says something like -if the fix is less than 5% (I forget- check his figure) above the current standard variable, then take the fix. Also depends if you want peace of mind about unit rates.
I think it depends on how you feel. I avoid fixed price offers as they are always initially higher and I don't care to gamble on futures. But I'm sure others do and have gained sometimes.
I, too, would suggest https:/
Others have already suggested taking a look at the MSE website. To save you having to hunt around for the relevant info on that site though, I suggest clicking on "Is now a good time to get a fixed energy deal?" (under 'Energy tariff FAQs') here:
https:/
Then click on the relevant link(s) from there.
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