Fix until April 2023 or not?

ktwoo79

Hi all, I'm really struggling to decide what to do. I have dual fuel provided by British gas and I have been protected with a fixed tariff which ends on 30th April. 
The cheapest option currently is to go onto standard variable...however they are offering me a slightly (but not horrifically) more expensive switch until April next year. My question is  given that the cap may rise again in October, would it be wiser to switch now?
Dies anyone know what the rates kw/h and standing charges may approximately rise to in October?

jimjames

Check the rates you're being offered against the cap and assume those could rise 30% in Oct. No one knows what the prices will be at that point but if you fix now you're paying higher rates than the cap immediately.

SAC2334

if USA stops the sanctions against Venezuela and starts ramping up shale oil production oil will drop like a stone along with gas .2 years ago they were giving oil away with Brent Crude at $30  a barrel
.Once the Russian war against Ukraine  ends and Putin is removed things will start to return to normal IMO .
 I m just sticking with the current price cap for  now and  cutting right back on both gas and electric use as much as possible .
 I ll even be taking up Home brewing again to cut back on expenses .
That £150 I m getting April 1 st will be paid into my gas and electric account the same day . So will that loan in October 

Mstty

ktwoo79 said:

Hi all, I'm really struggling to decide what to do. I have dual fuel provided by British gas and I have been protected with a fixed tariff which ends on 30th April. 
The cheapest option currently is to go onto standard variable...however they are offering me a slightly (but not horrifically) more expensive switch until April next year. My question is  given that the cap may rise again in October, would it be wiser to switch now?
Dies anyone know what the rates kw/h and standing charges may approximately rise to in October?

Without the deal figures they are offering you and your energy usage for the year it's difficult to give you an answer👍