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Help with energy contract

My contract with So energy ends on the 2nd April I currently pay £123  a month for both gas and electricity they have offered 1 year fixed term at £312 and 2 year fixed term contract of £283 should I just let my contract end and let them move me to the variable tariff can anyone advise please 

Comments

  • molerat
    molerat Posts: 33,680 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 18 February 2022 at 11:49AM
    Without more information on unit and SC prices no one can say but the general advice is unless the supplier is giving a particularly good loyalty tariff you should drop onto the capped SVR.
  • wild666
    wild666 Posts: 2,181 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Work out the prices for the yearly usage on the one year and two year fixes and the SVR it could be that the SVR is the cheapest yearly rate at the moment. Do the same again once you know the October rates. I know the SVR is the cheapest option for me after April.
    Someone please tell me what money is
  • Thanks everyone for your helpuch appreciated 
  • jobdone1
    jobdone1 Posts: 841 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Ok so do you know how many units you use for both fuels?? Either data, monthly or yearly that would help 
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