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Am I mad NOT going for a fixed rate?
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Does "£150 per month" bear any relationship to your actual kWh use per year ? Unlikely
In answer to the headline, YES0 -
I do agree in someways, as when you agree to a fixed tariff you are paying a higher rate for longerDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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I very much doubt that the op would be paying a more on a fix than he is now or will be very shortly on a standard tariff. If I was on EDF standard plan I would save £131 per year moving to an Apr 15 fix.0
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I prefer fixing for a year and the getting lots of lovely cashback for switching again0
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I do agree in someways, as when you agree to a fixed tariff you are paying a higher rate for longer
Not true if you switching.
Ive just switched and saved £200 per year AND fixed for a year. My previous deal has just ended and i had moved to standard.
If i had switched to the 2017 one - i would still have saved £40 per eay on my current tariff. But with possible government intervention before an election AND £100 possible cashback per year - i preferrred the shorter one.
Also went for EDF instead of cheapest - as no exit fees.
Have you run your figures through energy club or uswitch? Id be very surprised if First Utility can't save you money.0 -
Not true if you switching.
Ive just switched and saved £200 per year AND fixed for a year. My previous deal has just ended and i had moved to standard.
If i had switched to the 2017 one - i would still have saved £40 per eay on my current tariff. But with possible government intervention before an election AND £100 possible cashback per year - i preferrred the shorter one.
Also went for EDF instead of cheapest - as no exit fees.
Have you run your figures through energy club or uswitch? Id be very surprised if First Utility can't save you money.
Fixed are in general a higher rateDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0 -
I prefer fixing for a year and the getting lots of lovely cashback for switching againFixed are in general a higher rate
I too prefer shorter fixes and offers of cashback.
I worked out that using my current tarrif and adding 10% per year and weighing it against a fix that is over the 4 years I would be £400 better off over the 4 years with shorter fixes, without even taking into account the cashbacks on offer.
I realise that it is a gamble but for me the definite cost of fixing is too much of a gamble........especially if Ed Silliband gets in !!0 -
Yes, fixes can sometimes be cheaper than standard tariffs. Always have been for me.0
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I pay £115 for duel fuel fixed and that was with a 60% efficient boiler. Just had boiler changed so hoping for a reduction. We have a 4 bed detached house. Personally, I think you should fix.;)0
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