TO SWITCH OR NOT SWITCH??

bunny80

Can anyone help I’m going round in circles. EON fixed rate finishes in April they have emailed to say I can stay variable for E £603 G £886 per year or fix on next outline V13? Tarif for E £796 G £1,210 per year. Do I fix because it’s likely going to keep increasing or stick to variable rate? 

Any advice grateful received! 

[Deleted User]

bunny80 said:

Can anyone help I’m going round in circles. EON fixed rate finishes in April they have emailed to say I can stay variable for E £603 G £886 per year or fix on next outline V13? Tarif for E £796 G £1,210 per year. Do I fix because it’s likely going to keep increasing or stick to variable rate? 

Any advice grateful received! 

The truth is that nobody knows. It comes down to your personal approach to risk. Fixed prices come at a cost but give you certainty. Given how fixed tariffs are changing by the day, it would seem that suppliers have little insider knowledge to go on.