Should I switch to new fixed electricity tarif almost 100% more!?

Tommybunny

Hi there. Am  currently with sse on fixed tarif currently pay £28 a month. It runs out March 3rd have been offered new fixed tarif 1 year at £ 54. 60 a month I currently pay£28 a month so thats nearly 100 % rise! 26.60 a month. If I choose standard it's £ 35.50 a month but of course it has NO protection and could,shoot up enormously! As has happened to people I know. I am on disability benefits so on a fixed income that may become lower as I  am in the  middle of a other sick benefit review , so money is a constant worry. I don't know if it's better to take 1 year fixed and at least know now much I will,pay a month rather than  worry about rising bills or take the standard tarif  and suffer poss even more excessive  higher bills which is the lesser evil? Nb when they first contacted me it was £ 55 for a 3 year tarif - now they are only offering 1 year tarif which is interesting , but still  not sure what to sdo for best. Its such a high price rise fixed, but may be worse if I domstandard and it rises. A nearly 100% rise seems excessive but I know bills are shooting up. So worried. Thanks 

Verdigris

You'll be better off until the SVT rises 100%. Whilst possible I don't think it is likely. If it does approach that figure, have another look for a deal.

Quoting direct debit payments is relatively meaningless. You need to compare kWh and standing charge prices for a true comparison. However, on the assumption that all three amounts you've shown have been calculated on the same annual consumption, then the SVP is the one to go for. "Go for", in this instance, means just doing nothing when your current fix ends and you should be put on the SVT, automatically.

Robin9

@Tommybunny     Is this gas or electric ?   or both?  

You seem to be a very low user. 

You should have bitten their hand off at £55 for 3 years - that will prove to have been very good value