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Fixed or price cap

So, I took out a fixed tariff in November freely and without pressure. I knew it was significantly more expensive at the time but reasoned that energy prices were very volatile and wanted some certainty. Also, I've had fixed tariffs for some time and they've always worked out well for me. However, I wasn't really aware of the price cap so my bad for that. I know that Martyn recommends that there is no fixed tariff that gives you a better deal than the price cap. I guess what I'm looking for is advice on whether it's better now to stay with what I have for the next two years or end my fixed tariff deal early - paying the fine of £80 or whatever - and move to a variable deal. Would be very grateful for others' thoughts/advice on this. 

Comments

  • Astria
    Astria Posts: 1,448 Forumite
    1,000 Posts Second Anniversary Name Dropper
    What is your projected annual consumption for gas and electric?
    What is your current tariff - ie, how much are you currently paying for gas and electric.
    For me, it makes sense to stay on my current fixed rate which I also took out in November and it'll be significantly cheaper than the cap from April onwards.
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