Is Fixing Energy Price a Good Idea?

DJT1953

My energy supplier is offering to fix my energy price until 2018. Is this considered a good idea?

Robwiz

It depends on the rates they are offering you. There's no sign of upward pressure on prices at the moment so a four year fix is probably weighted in their favour.

Why don't you use the MSE Energy Club price comparison website to see how what you have been offered compares? I personally wouldn't fix more than 12 months ahead at the moment, because the longer fixes lock you in to higher costs per kWh.

DJT1953

That was my gut feeling too. Thanks.

150840

DJT1953 wrote: »

My energy supplier is offering to fix my energy price until 2018. Is this considered a good idea?

I think it is a good idea but make sure you use the right supplier, first utility are good but try to phone them no chance