Octopus Energy Fixed rate deal ending - Fixed or Flexible

JML1491

Hi, my octopus super green energy is ending on the 28/10 and im not sure if I should go onto another fixed tariff for 12m the Loyal octopus or the Flexible octopus tariff my brain is fried from reading so many different things so would be interested to hear others opinions and what they think I should do?

Many thanks in advance! 😊

bristolleedsfan

JML1491 said:

Hi, my octopus super green energy is ending on the 28/10 and im not sure if I should go onto another fixed tariff for 12m the Loyal octopus or the Flexible octopus tariff my brain is fried from reading so many different things so would be interested to hear others opinions and what they think I should do?

Many thanks in advance! 😊

Loyalty 12 month gas kwh rate is 70% more expensive  than flexible Octopus, whilst energy cap will increase in April most gas gets used between now and then, Electricity 2.45pkwh more until April after which time might be about the same ish until 30 September 2022

MWT

The only reason to prefer the fixed 'Loyal' tariff over the 'Flexible' tariff is if you believe that the prices will go up in April next year to a point where you would save enough in the six months from April to outweigh the much higher amount you have paid over the first 6 months on the fix...

Given that most people will use the majority of their annual energy consumption over the winter months that is not particularly likely, but it is of course a guess, so up to you...