3 year fix from Ist Utility

charliethefarley

I have just been offered a new 3 year fix on my Gas & Elect from First Utility. Where can I find out if this is a good deal? I am already on a fix deal with First Utility.

mirukuru

This is exactly what I was going to start a thread about. The iSave fixed 2018 offer expires on October 10th so not that long to take it, but I have no idea whether it's worth going for.

Basically, this is what I've been sent...

...............................Your current tariff/ ISave Fixed Oct 2016/ ISave Fixed Jan 2108
No price rises for: ... 11 months ...............25 months ...................40 months
(Electricity) ................13.24p .....................15.79p .......................16.55p
(Gas) .......................... 4.23p ........................4.49p ........................4.89p

Any good??

JJ_Egan

http://www.moneysavingexpert.com/cheapenergyclub


Use a comparison site and work out how much extra you will pay to insure against a price rise .
You should know your past yearly usage and bear in mind that last winter was a warm one .

Cyberman60

Fuel prices are supposed to have dropped so prices should fall in the medium term, so I would not fix. I received my bill from Ebico today and they have pledged no price rises until 2016 anyway.

andy1832

mirukuru wrote: »

This is exactly what I was going to start a thread about. The iSave fixed 2018 offer expires on October 10th so not that long to take it, but I have no idea whether it's worth going for.

Basically, this is what I've been sent...

...............................Your current tariff/ ISave Fixed Oct 2016/ ISave Fixed Jan 2108
No price rises for: ... 11 months ...............25 months ...................40 months
(Electricity) ................13.24p .....................15.79p .......................16.55p
(Gas) .......................... 4.23p ........................4.49p ........................4.89p

Any good??

I have the same offer although my prices are different - wonder why .
Current iSave 14 which runs to next July gives me Elect at 13.52 and Gas at 4.27. The new offer to Oct 2016 - Elect at 15.39 (increase of nearly 14%) and Gas at 4.41 (up only 3.27%) and iSave Jan 2018 offering Elect at 16.02 (up 18.49%) and Gas 4.71 (up 10.3%)

Its impossible to know what to do as new prices will kick in end of this month and there is nothing on Cheap Energy Club comparison with a fix any longer than 12 months and then only offering a saving of c £60 pa.

NorthFin

All the talk is we are heading into deflation now, fuel and everything is going down. You do not want to be on a fixed deal if we are going into deflation. Fixed deals are only good in inflation.

wavelets

andy1832 wrote: »

I have the same offer although my prices are different - wonder why .....

Electricity prices always vary by region.

Increasingly, more and more suppliers of gas also have varying prices depending on region.