So is everyone locking in Fixed Deals right now?

Malchester

I totally ignore almost everything MSE says as it is either wrong or irrelevant or bigged up to make a mountain out of a molehill. For energy comparison forget MSE and the energy club and us citizens advice or switch with which, they are much more reliable.

I have just started a switch from BG Evolve (12 mth fix coming to an end at v low rates) to EDF 3 yr fix plus £75 credit at roughly same price as 1 yr fix and £10 a month cheaper than 2 yr fix. Exit fees only £30 so if things improve can leave at little cost, if get worsee already tied in

fleetingmind

Glad i found this post. In two minds whether to fix for 1 year or 2 years. Difference seems to be -£94 and -£155 a year on my current fixed tariff with Shell which expires this month. 

Hard to know what prices will do but my gut feeling is the 2 year option as prices will probably go up. 

Mr.Boy

fleetingmind said:

Glad i found this post. In two minds whether to fix for 1 year or 2 years. Difference seems to be -£94 and -£155 a year on my current fixed tariff with Shell which expires this month. 

Hard to know what prices will do but my gut feeling is the 2 year option as prices will probably go up. 

A lot of deals I see have zero exit fees so you can still bail... for me the 2nd year is such a small difference that if I do fix, I might as well go for 2yr. But that probably tells you what the suppliers expect prices to do too.

t1redmonkey

Malchester said:

I totally ignore almost everything MSE says as it is either wrong or irrelevant or bigged up to make a mountain out of a molehill. For energy comparison forget MSE and the energy club and us citizens advice or switch with which, they are much more reliable.

I have just started a switch from BG Evolve (12 mth fix coming to an end at v low rates) to EDF 3 yr fix plus £75 credit at roughly same price as 1 yr fix and £10 a month cheaper than 2 yr fix. Exit fees only £30 so if things improve can leave at little cost, if get worsee already tied in

The Citizen's Advice energy comparison is one of the worst I've used.  I was trying it a week or two ago and it included tariffs on there that providers had pulled weeks before, so had a ton of inaccurate info.  MSE's one on the other hand was up to date.

Hannimal

tux900 said:

y3sitsm3 said:

If someone is on a fixed deal they must have done so knowing that the alternative is variable pricing and that as variable pricing means prices can go up or down, it's hardly a surprise that prices might have risen between fixing and their deal expiring. If they aren't aware of that they're idiots.

I must admit that I've been very surprised not that my energy costs are about to rise but by how much (42%) but perhaps I'm just proving your point and am therefore worthy of your 'idiot' label. I'm not angry though, just disappointed.

Yes, the change in price is not small. We are talking my monthy direct debit for gas and electricity going up from the current £48 GBP to £89 on the cheapest fix I can find today, based on actual energy use data. It's a massive jump. 

Mr.Boy

Hannimal said:

tux900 said:

y3sitsm3 said:

If someone is on a fixed deal they must have done so knowing that the alternative is variable pricing and that as variable pricing means prices can go up or down, it's hardly a surprise that prices might have risen between fixing and their deal expiring. If they aren't aware of that they're idiots.

I must admit that I've been very surprised not that my energy costs are about to rise but by how much (42%) but perhaps I'm just proving your point and am therefore worthy of your 'idiot' label. I'm not angry though, just disappointed.

Yes, the change in price is not small. We are talking my monthy direct debit for gas and electricity going up from the current £48 GBP to £89 on the cheapest fix I can find today, based on actual energy use data. It's a massive jump. 

I would love to be paying £89!

johnbhoy70

Fixed with Avro and still good till end of January 2022 so will sit tight and wait till closer to the time. Did look a good while back with all the negative stuff in the Avro thread, some justified, but not moving on the strength of that when i've never had a problem in 3 years. However, i accept,  i've never tried to leave yet!! Too much of a hit to take unless i'm forced to

fleetingmind

d000hg said:

Hannimal said:

tux900 said:

y3sitsm3 said:

If someone is on a fixed deal they must have done so knowing that the alternative is variable pricing and that as variable pricing means prices can go up or down, it's hardly a surprise that prices might have risen between fixing and their deal expiring. If they aren't aware of that they're idiots.

I must admit that I've been very surprised not that my energy costs are about to rise but by how much (42%) but perhaps I'm just proving your point and am therefore worthy of your 'idiot' label. I'm not angry though, just disappointed.

Yes, the change in price is not small. We are talking my monthy direct debit for gas and electricity going up from the current £48 GBP to £89 on the cheapest fix I can find today, based on actual energy use data. It's a massive jump. 

I would love to be paying £89!

Me too. Mines £150 going up to £175 a month. 

Hannimal

I think you all probably have bigger houses and families etc. I am a single woman and on my income £89 is A LOT. Especially as it nearly doubles. My council tax is £209 pcm and water is £62. All of which have gone up way more than my salary over the past year. With this rate and groceries being more too, I don't know how I'll be able to afford basic living expenses - and I am not even low income!

bristolleedsfan

Hannimal said:

I think you all probably have bigger houses and families etc. I am a single woman and on my income £89 is A LOT. Especially as it nearly doubles. My council tax is £209 pcm and water is £62. All of which have gone up way more than my salary over the past year. With this rate and groceries being more too, I don't know how I'll be able to afford basic living expenses - and I am not even low income!

Council tax £209 pcm indicates either you are not claiming 25% single person discount or you live in a bigger/more expensive house  than most, I pay £117 x 10 months for Band B, 3 Bedroom house with 25% single person discount