Fix coming to an end - should I change now?

hufc2002

Hi all

I am currently on Scottish Powers Online Fixed Price Energy April 2017 which is obviously coming to an end.

With prices continuing to increase, should I fix again now or should I wait?

Scottish Powers Online Fixed Saver March 2018 is currently their cheapest tariff is more expensive than my current tariff.

What should I do?

System

hufc2002 wrote: »

Hi all

I am currently on Scottish Powers Online Fixed Price Energy April 2017 which is obviously coming to an end.

With prices continuing to increase, should I fix again now or should I wait?

Scottish Powers Online Fixed Saver March 2018 is currently their cheapest tariff is more expensive than my current tariff.

What should I do?

This is a decision that only you can make. Energy prices are on the increase: particularly, electricity.

I suggest that you do a full comparison using your last 12 months of consumption in kWhs and not £s to determine the best deals that are available to you. Remember, if exit fees apply you need to wait until you have reached the 49/42 day point before exit fees are waived.

FWiW, I took a punt last November and I paid an exit fee of £30 as prices were on already on the rise. If I had waited, the cheapest deal would have cost me £78 a year more so I saved £48 by switching early. That said, I could have got it wrong.

hufc2002

my usage is a follows:

Gas: 13757 kwh
Elec:: 2966 kwh

My direct debit is currently £55 per month

I have always been with Scottish Power and never had any issues.

System

hufc2002 wrote: »

my usage is a follows:

Gas: 13757 kwh
Elec:: 2966 kwh

My direct debit is currently £55 per month

I have always been with Scottish Power and never had any issues.

Best deals vary with usage and postcode.

Using your usage and my postcode, Iresa Flex 4 would be my cheapest deal at £79.38 per month. But, as I say, you need to do your own comparison.

Pincher

April is three months away.

Enjoy the cheap rate while it lasts.

I'm on the June 2017 fix, and I'm not going to ditch 2.252p per kWh gas in the middle of winter.

Remember what you fixed for in the first place.

You fixed it, and then you don't use it, in favour of a more expensive tariff?
Find a name for yourself. Silly Billy.