Fixed rate or not

JJ_Egan

As above my old rate was sub 3pand a bit  .

Astria

SuperHung said:

aclarkie4 said:

At the moment I pay electric 18.78 per kw and gas 2.78

what? how? seriously?! My heating would be on 24/7 during winter if its 2.78p per kw

Mine was 2.162p per kWh gas and 12.31 per kWh electric until the 1st November with EDF, now it's 3.84p per kWh 😒

SuperHung

Astria said:

SuperHung said:

aclarkie4 said:

At the moment I pay electric 18.78 per kw and gas 2.78

what? how? seriously?! My heating would be on 24/7 during winter if its 2.78p per kw

Mine was 2.162p per kWh gas and 12.31 per kWh electric until the 1st November with EDF, now it's 3.84p per kWh 😒

Ok I just checked my tariff again - it is 3.6p. For some reasons I have 5p per kw in my head, maybe mentally preparing myself!

pearl123

Ant555 said: 

Or, stick to the SVR but I suspect a good option, for those that can afford it, is put away the money between that and the fix in a separate place - if pricing goes up massively next October then you have gained in the interim period but have a buffer to dip into for next winters increased pricing.  If prices stabilise or even go down (yeah right) then you have also won as you still have that  reserve to pay some bills.

Thank you, That sounds logical. 

PennineAcute

Whatever you do is a gamble.  Do you move onto an SVT and hope prices drop come April, otherwise tariffs in April could be a lot more than they are now?  Or do you fix now (on a zero exit-fee) tariff and hope prices go up enough for this decision to be worth it?  I went with the latter.  Got a pretty decent deal with EON Next.  We will wait and see if it has paid dividend.

savers_united

There will come a point (and I guess we are close) where LNG supplies make sense. That means that much of Europe switch away from a realiance on Russian gas, not good for the Russian economy, its influence and support at home.

A large number of LNG cargos are currently heading to Europe as Asia with their milder winter so far are fully stocked, that will drive down the price of Russian Gas and will allow Europe to refill its storage. After this Europe will be heading into the milder months of April onwards where demand will drop further and allow storage to be increased further. 

Even if the UK has less storage capacity the above will lower the price of wholesale gas for everyone.

I am gambling on a decent fixed rate being made available at some point during the summer, so for now sticking with my capped tariff as we use so little Gas between April and October its the standing charge that normally costs more than the gas used.