Like many should I stay on this tariff

smallzoo2

I have heard rumours that in April energy prices 'could' go up by 70%

I was one of the household where the energy firm went bust and we were put with Octopus energy

My current tariff is as follows :-

Flexible Avro

Unit rates.   Electricity: 21.80p per kWh ,  Gas: 4.02p per kWh
Standing charges   Electricity: 23.50p per day,   Gas: 26.11p per d

Should I consider a fixed tariff ... or is this one a decent one ?

EssexHebridean

Which fixes are showing as available to you, and how do the unit rates and standing charges compare? 

jimexbox

Your flexible tariff will increase by around 54% on April 1st. Compare any fixed tariffs to that and factor in any possible increase in October. Which maybe 20% and upwards. 

QrizB

You're on a capped variable tariff. At some stage it will increase but will continue to be capped.

I very much doubt that you will find a cheaper fixed tariff, although some of the current fixed tariffs *might* be cheaper following the next increase in October.

smallzoo2

Daft question..How did you know I was a capped variable tariff and does the mean it will still go up by 54% in April ?

QrizB

smallzoo2 said:

Daft question..How did you know I was a capped variable tariff and does the mean it will still go up by 54% in April ?

Because it's called "Flexible Avro", and the forum has been discussing it for months

Yes, it will go up, and (if you're Ofgem's average user) it will go up by around 54%.

Octopus will contact you with your new rates, probably in the next few days. you can expect them to be as shown in this table.

Astria

smallzoo2 said:

Daft question..How did you know I was a capped variable tariff and does the mean it will still go up by 54% in April ?

October can change your tariff at any time but can't increase it past the cap.

54% is only applicable if you are the exact same usage as the examples by Ofgen. Your actual bill will go up by anything depending on your usage. Your gas for example could go up by nearly 100%.

smallzoo2

Thanks everyone... thats really quite frightening... there are going to be millions of people in trouble this year