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Fixed Rate Tarriff?

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I am with Eon, paying £78 per month for electric only.  Eon have suggested that I go onto a variable energy plan after my fixed contract ends in November.  This will be approx. £96 per month.  I have searched comparison websites and I can get a fixed deal for 18 months with GEUK for £116 per month.  Although that is higher than Eon at £96 per month, if the electric prices are going to jump by 30% by next April then surely I am better to sign up to the fixed rate and not "do nothing" as per Martin Lewis's advice?  Can someone please advise me?

Thanks

Comments

  • elsien
    elsien Posts: 36,040 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 10 October 2021 at 10:14AM
    Are your figures  based on your actual usage over the last 12 months - monthly direct debit amounts aren’t particularly meaningful on their own. 

    ETA - you’ve accidentally posted in the wrong bit and you’d probably get more replies on the main energy forum, not this solid fuel sub forum.  
    Not sure who the board guide is though, to ask them to shift it for you. 
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • Thank you Elsien.  Posted in the main energy forum.  £78 is based on actual ish use.
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