Stay on variable or move to fixed advice? British gas

Helen_

I'm with british gas for gas only and pay £25.03 per month direct debit which is accurate for my usage. 

If i stay on variable my unit charge will be 7.226p per kWh and standing charge will be 27.220p per day.

I have been offered fix til 30th April 23 which my unit charge will be 9.933p and standing charge will be 34.069p.

Should i fix or stay on variable? 

MWT

If the majority of your gas use is over winter then you could regard the price difference for the fix to be insurance against a large increase in October.

What is the exit fee on that fixed tariff?

Helen_

Exit fee is £75

victor2

That seems a pretty high exit fee.

I'd be tempted to stay on a variable tariff and gamble on the October increase.

Helen_

Thank you 

Is it likely gas could go as high as 10p per kWh and 35p standing charge in october?

QrizB

Helen_ said:

Is it likely gas could go as high as 10p per kWh and 35p standing charge in october?

It's possible, but depends on geopolitics so it's hard to say how likely.

Helen_

Decided to stay on variable. I worked out it would cost me £90 extra over the next 6 months on fixed. The price cap would have to go up alot in october to make up for that amount the following 6 months