Confused with Price Hikes & Switching

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CDC2011
CDC2011 Posts: 66 Forumite
edited 22 August 2011 at 8:20PM in Energy
Have taken the leap and gone for EDF's Fixed 2014, fingers crossed that was a good move!

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  • macman
    macman Posts: 53,098 Forumite
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    Well, you'll be keeping them crossed a good while, as we won't know the answer to that until sometime in 2014!
    You haven't necessarily bought the cheapest fix-but you have bought peace of mind. Think of the extra as an insurance premium.
    No free lunch, and no free laptop ;)
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
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    With the latest indications that oil prices are now likely to fall (gas, and indirectly electricity, prices are linked to the price of oil) due to the developments in Libya, then fixing for such a long period may not be the right move. Only time will tell.

    However, you have bought peace of mind in that you now know what price you will be paying until 2014 no matter what happens to the market.
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
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