Should I fix

sb64rjx

hi I have received this from British Gas should I fix? Thanks for any help 😊

If you do nothing

Gas

£1041.55*

Electricity

£1223.68*

The Peoples Tariff

Your prices are currently variable and

can change in line with the energy price

cap, which could mean you'll pay more

for your energy later in the year.~

AA

Fixing your prices
Gas

£1414.36*

Electricity

£1434.95*

Exclusive May 23v1

bonus_uk

We just fixed on this.

We expect the rates over winter to be higher. Our usage is significantly higher in winter than summer. It costs a fortune to heat a 5 bed house in winter and we have a 3.6kw solar array that generates much more in summer than winter.

Astria

At a 35% increase from now I wouldn't, I'd stay on the SVR as even with a projected 30% increase in October it'll still be cheaper, but I don't know your personal circumstances.

bleazardd

Just can't decide whether or not to sign up for BG Exclusive May 23v1?
26% more than now, but you can switch to better deals with BG IF any come along.
Martin says around 25% may be worth taking the dewal.

QrizB

Welcome to the forum.

bleazardd said:

Just can't decide whether or not to sign up for BG Exclusive May 23v1?
26% more than now, but you can switch to better deals with BG IF any come along.
Martin says around 25% may be worth taking the dewal.

That BG Exclusive May 23 v1 tariff is one that MSE believe could be worth taking; it's named specifically on the MSE site:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

Obviously it's your money and your .choice

kassy64

Currently being offered fixed until 31/5/23 with BG (electricity only as on LPG for heating)

Exclusive May 23v1

34.312 p/kwh unit rate 
48.509 standing charge

Current monthly charge £86, predicted if I take this fixed deal to be £99 - about a 16% increase.
I am tempted but downside is I will be paying the extra for the next 4 months until price cap increases.
Still would expect to be better off as long as future rises are accurate.

Mstty

@kasey64 As long as you know your kWh usage for the year it's a fairly easy calculation and as long as this isn't based on estimates but actual reads and they are up to date.