Ive been offered 3 years fixed...Should I?

silkyuk9

NittyGritty wrote: »

im just in the process of switching from npower march 2017 long fix deal to scotish power 1 year deal, when I initially took out the long fix prices were going up and looked to increase further,


but as now most have froze prices including SSE to name a few till 2016 I don't see point of long fixes for the time being at least, just my opinion tho. do what you feel best in the circumstances

I dont know if its worth swapping or not, or just go with another company in July 2015. Or staying with FU until 2018. I see the unit rate is slightly more if i do another fix but should i stay or should i go?

matelodave

You have to gamble on what's likely to happen with the energy market over the next three years. I've done a few calculations to try and work it out and the couple I've done would only be cost effective if energy prices increased by 15% in 2015 and 2016.


IMO 12-18month fixes are long enough - my present FU 18 month fix still has 6 months to go and I am still in profit compared with what's on the market at the moment and it's not worth forfeiting the £30 to terminate the contract.

C_Mababejive

You need to do the math for your individual situation. I had the same offers and on balance, decided to leave it but then im a low volume consumer..