New fixed deal

QrizB

Bronia80 said:

No just noticed my annual usage for electricity has come down, I take it it’s still not a good deal? 

The Ofgem cap varies by region so the next statement won't be quite accurate.

If you can get your annual use below:

•  2000kWh/yr for electricity, and/or
• 300kWh/yr for gas,

then the fix will be cheaper than the cap.

You might be able to cut your electricity use by that much (it's a 30% reduction) but I honestly don't think you'll make a 95% reduction on your gas.

Do keep in mind that the difference between the two is £10/month, that you'll be using less energy than your annual average over the summmer period *and* the cap might rise again in October. Is it worth £10/month to you to know that in October your bill won't increase, just before winter?

Bronia80

think I will stick to the variable rate. 

fangoose

Don't think I'll rush to sign up.