gas/elec switch help

Cardew

Magnificent_Mrs wrote: »

sorry,yes £1660 a year currently ,it would be £234 extra a year if we went with edf fixed for 4 years....just wondering if it would be worth it in the long run as 234 is alot of money!

£234 is a premium of 14% over £1660.

You have to guess how much extra you will pay(in the red!) before you start saving(in the black!) and how much you will have saved by the end of the 4 year fix.

Have you checked if another company might be a better bet? You need to enter your kWh(not £1660) into a comparison website.

macman

Magnificent_Mrs wrote: »

sorry,yes £1660 a year currently ,it would be £234 extra a year if we went with edf fixed for 4 years....just wondering if it would be worth it in the long run as 234 is alot of money!

Please tell us your kWh usage on each fuel. ££'s tell us nothing.
No one knows if it will be 'worth it'. You are not necessarily buying a cheaper tariff with a long term fix, you are buying an insurance policy against a possibly more expensive one.
So, expensive peace of mind vs a cheaper gamble. Your choice.

Magnificent_Mrs

18209 gas kwh
6745 elec

yearly

Cardew

Magnificent_Mrs wrote: »

18209 gas kwh
6745 elec

yearly

Well with Scottish Power fixed to March 31 2015 that consumption(in the Midlands) would cost £1588. see:

http://www.energyhelpline.com/cashbackmse/fri/domesticenergy/domestic/TariffDetails?GasTariff=717466&ElecTariff=717424&RegionCode=5&SpecialOffers=

Could that be a better bet?????