Fixing Energy Tarriff will cost a fortune!

oxters

macman wrote: »

Not average-your gas consumption would be around 22,500kWh in that case.
Possibly a very large property heated all day?

Could I be Mr Average for a larger than average house with a retired couple in it then?
Penrhyn said "a large gas central heated property would use around 35,000 Kwh of gas, with say 10,000 Kwh of electricity" and that's pretty close to my use.

Sorry once again for getting it a**e for elbow in the now edited first post, and thank you both for the replies - it's really appreciated.

macman

Well you didn't say how many bedrooms, but 14 rads is a large system by any standards, so perhaps not that much over. 22,500kWh is based on a 3 b/r house.

Pincher

Fixed rates are usually higher than variable.
If they cost about the same, why would anybody pick the variable?
Considering the official line is to expect 30% increase in five years.
or was it 50%?

oxters

macman wrote: »

Well you didn't say how many bedrooms, but 14 rads is a large system by any standards, so perhaps not that much over. 22,500kWh is based on a 3 b/r house.

I think I did say above it's 4 bedrooms, and it is pretty big with large rooms. It was built in the 70's and I have it quite well insulated.

macman

Indeed you did, sorry I missed that bit.

oxters

Pincher wrote: »

Fixed rates are usually higher than variable.
If they cost about the same, why would anybody pick the variable?
Considering the official line is to expect 30% increase in five years.
or was it 50%?

If it was 50% over 5 years maybe the 22% higher in year one doesn't sound so bad. I wish I had stuck in at maths at school and I might have been able to work out how good or bad a deal it might be!
If Mr Einstein happens to be looking at this thread, maybe I will get the answer?

macman

It's impossible to say if it is a good deal or not, because nobody knows what will happen. All you are doing is buying an (expensive) insurance policy that means you will not pay any more than you do at the start. It's peace of mind you are buying-not cheaper energy.

oxters

macman wrote: »

Well you didn't say how many bedrooms, but 14 rads is a large system by any standards, so perhaps not that much over. 22,500kWh is based on a 3 b/r house.

Hmmm, and I'm about to instal another one 'cos I'm in the unheated study and freezin'!

oxters

macman wrote: »

It's impossible to say if it is a good deal or not, because nobody knows what will happen. All you are doing is buying an (expensive) insurance policy that means you will not pay any more than you do at the start. It's peace of mind you are buying-not cheaper energy.

Well - my aim is to buy cheaper energy. I would only get peace of mind if companies hiked the price by say 10% per annum and I paid less over 5 years on a fixed rate than I would have done on variable rates.

I would be seriously peed off if I ended up paying more by fixing.

I know it's unlikely that anyone on here has a crystal ball - I'm really asking for an opinion as to which way to jump.

Can I carry out a straw poll by asking readers to reply saying "Fix" or "Don't Fix" - is that allowed?

penrhyn

Never fixed myself, I review my costs every couple of years and try to choose the cheapest, unless its n-power.