Deal Ending March 2014 - Should I fix

boxy123

My dual EDF deal is ending in March 2014. There are no exit penalties.
I've priced up another fix with 3 other energy providers. For another 3/4 years fix, I'll be looking at another 19% increase per year. Cannot decide to go for this fix now or wait until next April and fix again?
Any suggestions much appreciated.

DragonQ

What was the point of fixing until April 2014 if you're now going to leave that tariff and pay more?

bfgun

DragonQ wrote: »

What was the point of fixing until April 2014 if you're now going to leave that tariff and pay more?

Maybe to avoid the price being higher next March than it is now?

DragonQ

Which means the OP will have been paying more for the last year or more for no reason.

mjmal51

DragonQ wrote: »

Which means the OP will have been paying more for the last year or more for no reason.

Think you will find that OP has been paying less than any other tariff available over the last 12 months. The March 2014 has been a winner more or less from day 1 it was released.

Pincher

bfgun wrote: »

Maybe to avoid the price being higher next March than it is now?

Higher by 5%, 8% or 15%?

If you think 15% per year for the next four years, grab the 3.3 winter fix right away.

Remember it's up 30% over five years from 2009,
and the SSE increase recently is 8%.

NittyGritty

that's without the price increases for each and every new tariff that comes out

NittyGritty

Pincher wrote: »

Higher by 5%, 8% or 15%?

If you think 15% per year for the next four years, grab the 3.3 winter fix right away.

Remember it's up 30% over five years from 2009,
and the SSE increase recently is 8%.

remember the below figures are just averages, the true unit cost price rise would have been much higher than the below official figures for some people so people could well pay more than 15% a year this time around aswell, just look at the npower thread last year when people were paying up to and over 20%!!


18/01/201310/12/20129.4%7.7%
07/12/201226/11/201210.8%10.8%
03/12/201215/10/20127%7%
26/11/201212/10/20128.8%9%
16/11/201212/10/20126%6%
15/10/201222/08/20129%9%