New Gas tariff - worth fixing now?

spursfan323

gas from nPower

Does anyone have inside info on whether it is worth paying a premium (of £90) for a fixed tariff? How likely is it for nPower prices to rise by March 2014?

Cardew

Nobody knows - it is just as much a gamble as where we(Spurs) will finish in the league this year.

macman

As I've said several times before, it's not whether you fix, but at what price you fix. All the cheap fixes were canned back in October before the last round of increases were announced.
If you think £90 is an insurance premium worth paying to know that you will pay no more than £x for 15m, then yes, it's a good deal.

spursfan323

Actually, you've got a point only this year with AVB in charge. Under Harry we knew there was an inevitable end of season decline.

I put up this thread because I heard that as nPower had just raised their prices recently, the chances of that happening again in the future were lower. But I guess it just boils down to being a gamble.

Thanks anyway.

macman

It's not a gamble. The point of a fixed tariff is certainty of price x months ahead. Not the possibility that it might be cheaper.
The point of it is that the alternative might be more expensive. It's an insurance policy (and at a £90 surcharge, quite an expensive one).
Think of Harry as the fixed tariff (expensive upfront but you know what you get), and AVB as the variable one (starts out cheap, but might cost you more at the end of the contract).

chanz4

The way I view it and I dont fix, say your offered the plan in jan and you pay say 20% higher than the current rate, then in oct the prices rise you have been paying so much more for longer so not really a great saving if at all.