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Should I Fix My Energy Prices?

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meglet | 08:12 Mon 16th Feb 2015 | ChatterBank
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3 months ago I switched to First Utility as it was going to save me £100+ a year. They have now sent me an email offering to fix my energy prices for the next 3 years, however my standard gas tariff increases by 9% and the electricity by 14% above what I'm paying now.

Should I fix? I thought there was talking of energy prices coming down....
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We opted for fixed.
In 3 years who knows what the energy prices will do. Its a gamble and an individual decision based on your family. For us, we feel like we are quids in on fixed rate.
With the price of oil coming down and the government encouraging businesses to pass savings onto customers and staff, I'm hoping to see a reduction in energy costs.

I know, ai can but hope, but personally I wouldn't fix right now unless it was a really good offer.
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That's what I was thinking Maydup, if they were offering to fix at current rates then I might consider it but I think the increase is too much. I'm sure I've heard that wholesale fuel prices are coming down and that the big 6 are going to be passing on savings soon.

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