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Is it better to switch in September just before the new price cap?
Joshyrascal
Posts: 2 Newbie
in Energy
As the title says, I was wondering if it's better to wait until September to try and switch so that I (or we) don't have to pay an increase right away. I am unsure, as I would presume that the closer to the next Price Cap announcement in October, which is expected to be another insane increase, the higher price for any switched to a fixed term tariff would be?
0
Comments
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Once the new cap is known the fixed rates offered will be for sure higher than the new cap. Switching than to a fixed tariff is no gamble, so you will pay more.
If you switch now you might win or you might lose, plus you have the additional higher cost already now for the next 4 months.0
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