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energy costs in a new build home

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torianna
torianna Posts: 1 Newbie
edited 22 March 2014 at 1:47PM in Energy
Hi, please advise,
we are moving into a new build 2 bed house in August as part of the governments help to buy scheme, the advice i would like is: should we join a fixed rate til 2018 duel fuel direct debit for our gas and elec or should we wait and see what our fuel bills will be first as it could be reasonable because of it being a new build?

Comments

  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Well a fixed rate 2018 will be today's rates plus a pretty large premium . A 2015 lock in will be almost the same as today's prices for each year added to the fixed rate add a premium .
    In other words 2016/17/18 are not at today's rates .
  • lstar337
    lstar337 Posts: 3,443 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The EPC should give you an idea of what to expect for bills.
  • Cisco001
    Cisco001 Posts: 4,139 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    My terrace house built in 2007. It costs £65 a month for gas & electricity.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I suspect that the OP is under the impression that 'fixed rate' means a fixed payment regardless of usage?
    It's the unit rate that is fixed.
    No free lunch, and no free laptop ;)
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