Worth fixing on this deal?

investme

Hi folks, 

Advice on whether or not to fix would be appreciated. FWIW, I would say we're slightly under average, I was in credit £200 odd before my supplier went bust after the previous year or so.

Anyway, currently on e-on NextFlex estimated at £1,134.82 a year
Rates are:
Electricity unit rate 20.87p per kWh

Electricity standing charge 24.02p per day

Gas unit rate 4.06p per kWh

Gas standing charge 26.12p per day

Being offered V10 1 year fixed estimated at £1,610.15 a year
Rates are:

Electricity Unit rate 26.85p per kWh

Electricity Standing charge 40.20p per day

Gas Unit rate 6.55p per kWh

Gas Standing charge 42.31p per day

Two questions - is this worth it? The charges for the fixed don't seem far off the new price cap
And secondly, is it possible to know how long the tarrif is available for? For obvious reasons, dragging it out til mid march and switching just ahead of the changes would save a fair whack, but if it is worth the switch and it's pulled before then... that's obviously not ideal!

worrywart_3

I switched my dad to v9 and was Able to select a sraet date of the end of March. 

investme

worrywart_3 said:

I switched my dad to v9 and was Able to select a sraet date of the end of March. 

Mine starts the day after I hit the button unfortunately 

investme

Anyone able to help? Is it worth fixing now?

QrizB

investme said:

Anyone able to help? Is it worth fixing now?

You haven't said how much gas and electricity you expect to use in a year. That will influence whether the V10 fix is cheaper than the new cap, or not.

Your Estimated Annual Consumption will be shown on your bill.

investme

QrizB said:

investme said:

Anyone able to help? Is it worth fixing now?

You haven't said how much gas and electricity you expect to use in a year. That will influence whether the V10 fix is cheaper than the new cap, or not.

Your Estimated Annual Consumption will be shown on your bill.

3,330kWh - Electric
6,333kWh - Gas

QrizB

investme said:

QrizB said:

investme said:

Anyone able to help? Is it worth fixing now?

You haven't said how much gas and electricity you expect to use in a year. That will influence whether the V10 fix is cheaper than the new cap, or not.

Your Estimated Annual Consumption will be shown on your bill.

3,330kWh - Electric
6,333kWh - Gas

OK, so it's pretty close.

• on the V10 fix, you'll be paying £1610/yr
• on the average April cap, you'll be paying £1675/yr

I'd be inclined to take the cap.

BUFF

I would agree - especially as there will probably be a further increase to SVT later in the year.
Is there an early exit charge & if so how much?