Advise of if I should switch energy providers???

shona3000

jimjames said:

shona3000 said:

is that the OFGem price cap only applies to standing charge/KW and not your usage. Hence I fear once I am put onto the standard variable rates my energy bills will just sky rocket and will be unmanageable to trying to plan now. 

I think you are misunderstanding a fixed rate tariff from this comment. It makes no difference if you are on variable rate or fixed rate you still have to pay for what you use. The price cap does only apply to the SC/kWh rates not usage but fixed rates do too. The only difference is that you may have an increase in variable rates if the cap changes, fixed rate is a guaranteed price per kWh for the length of contract - but you still will pay more if you use more.

It would be like Shell offering a fixed rate of £1.75 for petrol for 12 months, if you drive 2000 miles you will pay less than someone who drives 10,000 but the price is still fixed.

Hi there is no misunderstanding. I know what variable means. And fixed rate is the much better option of the two.

shona3000

Ultrasonic said:

MalMonroe said:

I'm with Octopus right now and want to switch but from the research I've been doing it is clear that there's no company worth switching to at the moment so I'm stuck with them.

In the UK we're all really struggling to find the best deal on energy. Sadly, there isn't one.

I agree with what pochase above says, nobody here either can or will tell you what to do.

Why do you say you want to switch away from Octopus?

Hello
I'm with British Has not Octopus. I approach OE  for deals. However for now it appears I will stay with BG. Just need to decide if I should be put onto the Variable rate or go with a fix rate they are offering me. Thanks for all your comments Thus far.

Ultrasonic

shona3000 said:

Ultrasonic said:

MalMonroe said:

I'm with Octopus right now and want to switch but from the research I've been doing it is clear that there's no company worth switching to at the moment so I'm stuck with them.

In the UK we're all really struggling to find the best deal on energy. Sadly, there isn't one.

I agree with what pochase above says, nobody here either can or will tell you what to do.

Why do you say you want to switch away from Octopus?

Hello
I'm with British Has not Octopus. 

I quoted and responded to somebody else, not you  .

QrizB

shona3000 said:

Hi there is no misunderstanding. I know what variable means. And fixed rate is the much better option of the two.

That really depends on the fixed rate being offered and how that compares to the likely variable rates for the period.

I'm not aware of a generally-available fixed rate currently on offer that is likely to be cheaper than the variable rate over the next 12 months.