So are you fixing and how much of a premium are you prepared to pay?

CAN1976

macman wrote: »

You can get 6% off on almost any other tariff-the online discount is 6% off standard.

I can get 10% on a non fixed tariff according to energyhelpline, but given the current climate I am looking at fixing. It appears to be between fixed saver V2 (30.9.2012 fix) and fixed price 2014 (31.03.2014 fix)

CAN1976

Rang EDF up and got my yearly usages in kWh. pumped those figures into energy helpline, and i could save 32 quid a year on the 2012 one, or be 32 quid a year worse off on the 2014 one.

I've gone 2014 for the stability.

karent_2

Walter_Sobchak wrote: »

EDF fixed 2014 is gonna cost me 30% more than my current Eon Saveonline 2 duel fuel!

Really not sure what to do.

Remember that Eon saveonline 2 ends in August, so you will be looking for a new tariff anyway, so maybe you should compare with what you think you will be paying after that happens. I think the fixed rate will be a lot more favourable then. The cheapest variable rates are already more than 10% more expensive. If they go up by 15% as predicted you won't be much out of pocket, and you will have peace of mind.

I just signed up for EDF Fixed saver 2(from Eon Saveonline 2), but I think I just talked myself into EDF Fixed 2014.

steve237

I switched from EON fixonline8 to EDF 2014 via beatthatquote (£35 cashback)

Cardew

JokerDurden wrote: »

Well I've taken the plung and taken the gamble, moved from EDF online saver version 6 which ends at the end of this month and gone for the fixed 2014. My thinking is the increases over the next 3 years will be higher than the reductions.

The difficulty we all face is it is not a case of only considering where prices will be in 3 years time.

You have to calculate how much extra on the fixed tariff you have paid over the cheapest tariff, up to the point where the tariffs break even.

Then you have to recover that extra money you have paid over the remainder of the term of the fixed tariff.

e.g..
1. The fixed tariff is £200 over the cheapest available tariff.

2. after 6 months the cheapest tariff increases by £50 pa so after a year you have spent an extra £175.

3. At the 1 year point the cheapest tariff increases by another £100

4. At the 18 month point it increases again by £50 so you are paying exactly the same as the cheapest tariff and you have spent £200 extra.

5. over the remaining 18 months of the fixed term you have to 'save' (spend less) £200 just to have broken even.