I am with Octopus and was lucky enough to hook into a fix that comes to an end on Sepetember 18th was paying Electric 19.47 plus 26.45 standing charge. Gas 4.38 plus 26.59 sc. They have offered me 2 tariffs: [URL=https://i.imgur.com/WD5e5eb.png][IMG]https://i.imgur.com/WD5e5eb.png[/IMG][/URL] or [URL=https://i.imgur.com/x1B2SNW.png][IMG]https://i.imgur.com/x1B2SNW.png[/IMG][/URL] I am thinking if I take the fixed for 12 months then for gas the difference is 7.43 as opposed to 6.97 with the standing charge being about the same. The electric would rise to 27.38 from 19.47 with a whopping rise in SC from 26.45 to 55.39. Would you fix for 12 months or go flexible which is dearer currently?

End of fixed rate

dfk41

I am with Octopus and was lucky enough to hook into a fix that comes to an end on Sepetember 18th was paying

Electric 19.47 plus 26.45 standing charge.

Gas 4.38 plus 26.59 sc.

They have offered me 2 tariffs:

I am thinking if I take the fixed for 12 months then for gas the difference is 7.43 as opposed to 6.97 with the standing charge being about the same. The electric would rise to 27.38 from 19.47 with a whopping rise in SC from 26.45 to 55.39.

Would you fix for 12 months or go flexible which is dearer currently?

DavecUK

I would probably go flexible.

dfk41

DavecUK Is there a rationale Dave? I have no idea what the markets are going to do. The fix is about £10 pm cheaper.

Cuprajake

150 to exit too!

LMSC

Timing mate!

I am on a similar situation with Ovo. They offered me something. Haven’t looked into it yet. I was thinking of tracker, which may be a long wait list.

MediumRoastSteam

dfk41 I have no idea what the markets are going to do.

If we knew, then the stock market wouldn’t be a thing. 😉

Apart from results, intuition, predictions and analysis based on past events against the current situation, it’s all a gamble. I’m currently on a standard variable rate.

DavecUK

dfk41 Is there a rationale Dave? I have no idea what the markets are going to do. The fix is about £10 pm cheaper.

I suspect prices are going to drop further, so not worth fixing at the moment.

Gagaryn

You’ve got until the end of September to decide so I would do nothing at the moment. The next price cap announcement is due on 25 August. This will likely be a further reduction and will likely lead to changes to the rates you are being offered. Picking a fixed term before the announcement would be daft.

Cuprajake

they wont reduce, need to get the winter gas bill up, im expecting some big military movement or gas pipe to split to drive prices up any time now….

MediumRoastSteam

Cuprajake im expecting some big military movement or gas pipe to split to drive prices up any time now….

Precise my point. Nothing is certain… it’s all speculation. Things can change at the drop of a hat. It can go up or down. 🤷‍♂️

Cuprajake

MediumRoastSteam Precise my point. Nothing is certain… it’s all speculation. Things can change at the drop of a hat. It can go up or down

up lol