Time to switch

brainbug100

Hi all,

So like many this time of year I have a dilemma switch. I'm currently on EDF fixed blue till april next year. When the deal ends the standard tariff will cost around 22% more than what I am playing now. Now luckily I only use around 1600 kWh of Electricity per year and 7000 kWh of gas so my total fuel bills are £540 per year. A 22% rise will bump this over £600 I grant you.

Now EDF have the fix till 2017 deal which is 30% average higher price than what I am paying now. If prices rise by 8% in the next month or so then the 8% would be absorbed in the fix, and if the prices rise again over the next 3 years I would have made the right decision.

I suppose I do sort if the know the answer but I would loose 6 months on my current rate so would have to factor in the extra 15% for the next 6 months.

So do I or don't I.

Any thoughts gratefully received and Many thanks

claire1a

I'm in the same position....

Im not sure whether its best to exit the EDF blue april'14 and switch to another longer fixed or stick it out until it finished and fix then. Will be interesting to see if anyone has any suggestions...