Fixed Tariffs....

ShatteredDad

Hi

My current tariff with Sainsburys - price freeze october 2018 - is coming to an end. I am considering switching onto Green Network Energys GNE MSE 18 Month Fix Exclusive which will cost me £59 per year more than my current tariff but will save me £303 a year compared to Sainsburys roll on tariff.

My question is what do people think of fixing for longer than 12 months? I feel like I would like the gauranteed cost for 18 months but I'm also worried that I'll end up in a position where the prices will go up again next winter which will initially save me a little as I will be fixed until spring 2020 but at that point I'll end up on one of next years revised higher tariffs.

So I'm basically unsure of the best course of action. I realise this is part of the gamble of a fixed tariff. It's between this and E.ONs Go online 1 tariff which is actually a little cheaper but fixed for 1 year rather than 18 months.

Cheers

clochi

As you said it's a gamble, and if it's not, you could make a fortune on the futures market.

The other way to avoid the gamble is to secure a fix without early exit fees
Athough, with exit fees typically around £30 per fuel, if you go for a long term fix and prices drop considerably in the meantime, the exit fee becomes insignificant.

Don't forget, you could always switch to Bulb Energy who will pay your exit fees, and then immediately switch from Bulb to the cheapest deal.

JJ_Egan

Same question Feb 2018 conclusion prices are not going to drop take out two year fixs .
Have prices gone up since Feb 2018 ??

PennineAcute

I fixed for 16 months in April. Both gas and electricity prices have risen stupidly since then.

macman

I've just switched to an 18m fix (gas only) with Angelic Energy. The appeal of this is that it will just about take me through two winters. Leccy is less critical for me as the usage is fairly constant year round.
18m is about as far as I'd want to look at present.

notbritishgas

macman wrote: »

I've just switched to an 18m fix (gas only) with Angelic Energy. The appeal of this is that it will just about take me through two winters. Leccy is less critical for me as the usage is fairly constant year round.
18m is about as far as I'd want to look at present.

What are the tariff costs on your deal?

Cardew

Whilst on this subject, anyone know who will win the 2:30 at Newmarket next week?

JJ_Egan

Odds to a grand and i will tell you.