To fix or not to fix

stuarta99

I know this is the million dollar question, but I'm at the end of my fix.

Was on EON Fixonline v4 paying £512/year. Their new price fix is Price Protection 2013 at £700/year a nice £188/year.

Best fix I can see is OVO New Energy Plan at £543/year so not a lot more but not sure what they are like.

Best non fix seems to be NPower with their Sign Online Dual 21 at £531 with £40 cashback and £20 cancellation but unsure about not fixing at the moment.

Does anyone have any thoughts on this please.

Many thanks

Cardew

If you go back 5 or 6 years on MSE, this question has been raised scores of times.

Quite simply nobody has any idea if fixing is a good idea - not even the Utility companies I suspect. It is simply a gamble.

The fixed tariffs 5 years ago(with hindsight) generally turned out to be good value as the premiums were very small and prices rose relentlessly - so the gamble paid off.

In the past couple of years, premiums have often been higher - thus shortening the odds!!

stuarta99

Yep I appreciate that it's hard to tell. Just not sure what OVO are like. Read plenty of good reviews. But again although 2 years seems a long time away, I guess they only need to increase a bit next year or even later this year, in order to make that extra £15/month worth it