Stay on the SVR until October and then switch to a fixed rate? Yes or No?

QrizB

jefferson89 said:

So in total my increase in tariff offers have been £61 as of June 22nd 2022.  So does my theory still stand? because if i change to the new BG Fixed Jul 23v3 i will be paying £158.67 per month, which is = £476.01 over 3 months.  Where as stay on the SVR and pay £79 x 3month = £237.  So i would be £239 better off in the 3 months , if tariffs were to stay the same.  Now yes £61 in tariff increases has already happened, making it £239 SVR saving - £61 tariff increases = £178.  But as long as the fixed tariff increases don't rise a further total £178 in 3 months, i am still better off no?

That's only true if you use exactly the same amount of energy each month and your monthly DD exactly covers your consumption.

In practice, you're likely to be using less energy during the first three months and more over the following ones.

I put a simplified illustration in this post; I must write a full example for future reference.

https://forums.moneysavingexpert.com/discussion/comment/79283949#Comment_79283949