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Fixed or variable rate for energy?

geocatwest
geocatwest Posts: 29 Forumite
Fifth Anniversary 10 Posts
I'm moving into a new flat soon, which will only supply electricity. 
I'm currently thinking about 
SO Energy - 12 months fixed and £5 early exit fee - estimated at 13.670p per kWh and 22.050p per day
Bulb - Variable - No contract and no early exit fee - estimated at 14.255p per kWh and standing charge 20.558p per day
Octopus Energy - 12 months no early exit fee - estimated at 14.553p per kWh and 21.672p per day
Anyway in this current climate, what is usually better? fixed or variable rates for energy?

Comments

  • bristolleedsfan
    bristolleedsfan Posts: 12,655 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 16 May 2020 at 9:54PM
    If you put your Postcode in https://octopus.energy/tariffs/ ignore quote button and scroll down to Octopus Tracker v1 that is the tariff this wise owl is on, available with/without a smart meter very low KWH  rates currently and cheaper SC than other Octopus tariffs  :)
    I would also suggest if you check with a comparison site and tick box within filter box which says show all tariffs including those switching site cannot switch to you will see a completely different set of cheaper options



  • Petriix
    Petriix Posts: 2,301 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    All those prices seem pretty high to me. I guess it varies by region but here in the East, 12.5p/kWh and 15p/day is the going rate.
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