Am I mad NOT going for a fixed rate?

molerat

Does "£150 per month" bear any relationship to your actual kWh use per year ? Unlikely
In answer to the headline, YES

chanz4

I do agree in someways, as when you agree to a fixed tariff you are paying a higher rate for longer

molerat

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.

techspec

I prefer fixing for a year and the getting lots of lovely cashback for switching again

techspec

chanz4 wrote: »

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.

chanz4

techspec wrote: »

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 rate

keith1950

I prefer fixing for a year and the getting lots of lovely cashback for switching again

Fixed 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 !!

molerat

chanz4 wrote: »

Fixed are in general a higher rate

molerat wrote: »

If I was on EDF standard plan I would save £131 per year moving to an Apr 15 fix.

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DragonQ

Yes, fixes can sometimes be cheaper than standard tariffs. Always have been for me.

adandem

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.;)