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Where to go to and WHEN do I switch?
enginestar
Posts: 54 Forumite
in Energy
Currently with EDF.
Fixed contract ends 31st October.
I'm so confused about WHERE to move to! (Given the current headlines.)
If I move to the cheapest quoted and they go bust... I'm stuck?
+ WHEN should I switch?
Shall I apply to switch now?
Or do I wait 1 week before 31st or something?
+ What do I switch to??
The current prices will be super high - but the new says prices will go down?
So... if I go for a fixed rate... then this rate will be a high rate? But... this will go down in a few months (praying and hoping).
Confused. 🤔
Thanks.
Fixed contract ends 31st October.
I'm so confused about WHERE to move to! (Given the current headlines.)
If I move to the cheapest quoted and they go bust... I'm stuck?
+ WHEN should I switch?
Shall I apply to switch now?
Or do I wait 1 week before 31st or something?
+ What do I switch to??
The current prices will be super high - but the new says prices will go down?
So... if I go for a fixed rate... then this rate will be a high rate? But... this will go down in a few months (praying and hoping).
Confused. 🤔
Thanks.
0
Comments
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At the moment the cheapest deal is to just let it roll over to the deemed tariff. For future reference, you can change from a fixed deal 40 days before it ends. If you choose a fixed deal it will be a lot more expensive and you will be locked in. It's for you to decide whether you think prices will come down and you will lose out.0
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Some fixed deals have a 'nil' exit charge, so even though you may be fixed for (say) 24 months, you can jump ship if prices start to fall.#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
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