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Not sure what to do re Pure Planet fix

Hoping for some thoughts and opinions as not sure how to proceed.

I am currently on a pure planet variable rate, spending about £850 a year. I got an email a month or two ago saying price going up on the 3rd of october, projected spend is 980 or so.

I had a look at the offered fix, and have either a set electricity and gas rate for 12mths at projected £1,300, or an "EV" fix for 12mths with daytime and nighttime electricity rates which they are projecting at 1,150 for the year.

Initially I was going to sit tight and see what happened with the variable rate later in the year. Especiually after seeing some of the bonkers fixes people were having quoted. But for the sake of another 200 quid I am tempted by the fix, especially as it will ride me out past Apr 22.

What are others doing?

Comments

  • hillcats
    hillcats Posts: 899 Forumite
    Part of the Furniture 500 Posts Photogenic
    Is that for one or both fuels? 
    If that is for both fuels, it seems good to me in the current climate, that is hopefully they don’t also fail like the others. 
    Think I’d bite the arm off (not hand) for those prices, especially as I’m being moved from PFP to British Gas and projected is over £2k
    ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
    NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
    BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 2027
  • hillcats
    hillcats Posts: 899 Forumite
    Part of the Furniture 500 Posts Photogenic
    Do some quotes them you’ll see how good the offer is / or not… just don’t wait too long !
    ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
    NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
    BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 2027
  • spot1034
    spot1034 Posts: 938 Forumite
    Part of the Furniture 500 Posts Name Dropper
    If you are talking about offers made in the email you got ' a month or two ago', I'd suggest you check to see if they're still available!
  • spot1034 said:
    If you are talking about offers made in the email you got ' a month or two ago', I'd suggest you check to see if they're still available!
    No this is in app - thanks all for thoughts :)
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