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Advice on short or long term fix
Hi
I'm currently on the fixed price Jan 2014 tariff with Scottish Power so am now very close to the end of the fix period. With one supplier having increased prices already and the general consensus being that all of the other main players will follow very shortly I've decided to look to move now rather than wait until Jan as some of the current deals may not be available.
My current deal in terms of kwh I've used over the last year equates to £1670 per year and all comparison sites can't get near this. However, as my monthly payments were set too low at the start I'm now paying £165 per month to catch up the deficit (which I've just about done)
Now my quandary,
The best fixed deals I've identified for the area I live in are the EDF Blue Price Promise end Mar 2015 (£1,911 year / £159 month) and Scottish Power Help Beat Cancer Jan 2017 (£2099 year / £175 month)
I'd welcome your views on which would be best. I'd save £16 per month until the end of March 2015 if I initially go with EDF but is it likely that future price hikes will negate this as I'd then need to look at another fix post March. Hence, overall would the Scottish Power fix be the better option.
For info, i've discounted the NPower and EDF 2017 fixes as they are over £100 more expensive then the Scottish Power fix.
I'm currently on the fixed price Jan 2014 tariff with Scottish Power so am now very close to the end of the fix period. With one supplier having increased prices already and the general consensus being that all of the other main players will follow very shortly I've decided to look to move now rather than wait until Jan as some of the current deals may not be available.
My current deal in terms of kwh I've used over the last year equates to £1670 per year and all comparison sites can't get near this. However, as my monthly payments were set too low at the start I'm now paying £165 per month to catch up the deficit (which I've just about done)
Now my quandary,
The best fixed deals I've identified for the area I live in are the EDF Blue Price Promise end Mar 2015 (£1,911 year / £159 month) and Scottish Power Help Beat Cancer Jan 2017 (£2099 year / £175 month)
I'd welcome your views on which would be best. I'd save £16 per month until the end of March 2015 if I initially go with EDF but is it likely that future price hikes will negate this as I'd then need to look at another fix post March. Hence, overall would the Scottish Power fix be the better option.
For info, i've discounted the NPower and EDF 2017 fixes as they are over £100 more expensive then the Scottish Power fix.
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