SSE variable or Fixed

Rebecca5833

Good afternoon

i am moving into a 2 bed house rented property and it is already set up with SSE, I have received an email to get my bills sorted my options are

1. Standard dual fuel variable estimated to be £112 for gas and electric states price may change

2. 1 year fixed v22 at £165 a month states the price won’t change 

any suggestions it only gives me 2 options 

many thanks 

MattMattMattUK

Rebecca5833 said:

Good afternoon

i am moving into a 2 bed house rented property and it is already set up with SSE, I have received an email to get my bills sorted my options are

1. Standard dual fuel variable estimated to be £112 for gas and electric states price may change

2. 1 year fixed v22 at £165 a month states the price won’t change 

any suggestions it only gives me 2 options 

many thanks 

It is not that the price won't change, it is that your unit rate won't change, if your usage is different from their estimate then your bills, and ultimately your monthly direct debit will change.

The monthly amounts are largely irrlevant, you need to compare the standing charges and unit rates, then see where you think you will be based on previous usage, but the big unknown is the October 22 change in the price cap, which is an increase that no one can be sure of (estimates range from 20-100% at the extreme).

Either way it is a gamble, so the choice has to be yours. 

The_Fat_Controller

You MUST get your head around that those quoted DD figures are only ESTIMATES based on the size of the property and average usage

Actual costs are bound to be different and can vary significantly from the estimates if you are at home a lot.