Fixed Rate Deal

lnblinda20

I opted to fix (3yr fixed until Sept24) back in October 2021 which put my duel fuel bill up by £67pm. Elec unit rate is 20.05p with daily standing charge 24.87p. Gas unit rate 3.951p with daily standing charge 26.12p. I thought I might have dine the wrong thing at that time. However, have I been wise to fix at that time given the increases expected this Apr and again come October? Just not sure if I did the right thing? 🤔 

Shedman

Very wise and an awful lot of us are very envious....

Robin9

I got an Electric (EDF) at about the same time;  thought I was on a Gas winner with Zog on a long fix then they went to the wall

lnblinda20

Thanks Shedman, when I fixed, I didn’t realise Martin Lewis had advised against fixing at that time so I just accepted it as an error on my part but given the price hikes I’m hearing now I’m wondering if I’ve actually done the right thing (pure luck to be honest) 👍

Shedman

Robin9 said:

... thought I was on a Gas winner with Zog on a long fix then they went to the wall

As did the other 10,999 of us 😥