Scottish Power Fixed Price energy - same as capped?

hpiper

I'm on the SCottish Power 'Fixed Price Energy' scheme. Is this the same as capped? If I've read the website correctly, prices won't increase until 2011. Should I stay on this scheme? Anyhelp would be appreciated. Thanks!

billsavings

hpiper wrote: »

I'm on the SCottish Power 'Fixed Price Energy' scheme. Is this the same as capped? If I've read the website correctly, prices won't increase until 2011. Should I stay on this scheme? Anyhelp would be appreciated. Thanks!

If your referring to this no longer available tariff http://www.scottishpower.co.uk/pricing_pdfs/Fixed_Price_Booklet.pdf
it guarantees their will be no price rises until March 2011.If however prices should go down , you can leave it without a penalty.

A lot of people would love to be able to get their hands on this sort of tariff now ,and be able to fix/cap their energy prices for another 31 months.:T

Hobbin_Rood

Definitely stay on that deal. Fixed price until 2011 is better than any other capped or fixed offer available now. You've got a winner there!

My understanding is that fixed prices are exactly that - a specific price that will not change at all until the specified end date.

Capped on the other hand means there can be a bit of flexibility, ie it may start at a certain rate but can rise up to a certain level - that's the "cap" on top. But often these are technically fixed rates - it's just a case of checking the details.