We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Switch to fix now or wait?

NH2004
NH2004 Posts: 112 Forumite
Part of the Furniture 10 Posts Combo Breaker
I'm currently on a 12 month fix with Avro Energy which expires at the end of June. There are no exit penalties for me to switch.
I currently pay £76 a month for dual fuel.

The MSE energy club shows a best deal of £87 a month available now.

Obviously my current deal is much better, but I'm reading the reports of prices going up by 10% soon and am thinking should I switch before then rather than when my current deal ends?

Comments

  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    See the forum see the web see the news .
    See how many are putting up prices .


    The £87 is just an estimate compare the unit prices and S/C before deciding .
  • NH2004
    NH2004 Posts: 112 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    The £87 a month is based on my actual usage figures.

    So switching now will cost me an extra £132 a year.
    I still have 4 months of my current fix remaining.
  • Hi,
    I work in the industry and it's looking likely that prices may come down from Oct 2019 (wholesale prices have dropped off). It might be worth moving onto the lowest variable you can find and keeping an eye on prices through August /September and maybe fixing then.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.