The same question again .... do I fix now?

JoJo24601

Hi Everyone, 
If anyone has the time I would appreciate some feedback/help 

Below are my current tariffs and then the cheapest tariff being offered to me by British Gas right now ... 

Would you fix if in my shoes? I am unsure the sums to do to get to the answer...

Current Gas

Tariff type	Variable
Payment method	Monthly Direct Debit
Standard unit rate	7.344p per kWh
Standing charge	27.220p per day*
Tariff ends on	Not applicable
Exit fees (if you change supplier before the end date)	Not applicable
Additional products or services included	Not applicable

 

Estimated annual consumption	15,541.37 kWh
Estimated annual cost*	£1240.64

 

Current Electricity

Tariff Information Label (TIL)

About this electricity tariff

Tariff type	Variable
Payment method	Monthly Direct Debit
Standard unit rate	29.240p per kWh
Standing charge	37.918p per day*
Tariff ends on	Not applicable
Exit fees (if you change supplier before the end date)	Not applicable
Additional products or services included	Not applicable

 

Estimated annual consumption	5,191.15 kWh
Estimated annual cost*	£1656.24

 

NEW TARIFF

Gas tariff costs

Estimated costs may change depending on your actual usage.

Estimated cost

£163.16 / month

£1957.89 / year

Standard unit rate

11.998p / kWh

Standing charge

25.576p / day*

Exit fee

£100.00 / fuel

Electricity tariff costs

Estimated costs may change depending on your actual usage.

Estimated cost

£189.12 / month

£2269.42 / year

Standard unit rate

41.360p / kWh

Standing charge

33.535p / day*

Exit fee

£100.00 / fuel

Mstty

JoJo24601 said:

Hi Everyone, 
If anyone has the time I would appreciate some feedback/help 

Below are my current tariffs and then the cheapest tariff being offered to me by British Gas right now ... 

Would you fix if in my shoes? I am unsure the sums to do to get to the answer...

Current Gas

Tariff type	Variable
Payment method	Monthly Direct Debit
Standard unit rate	7.344p per kWh
Standing charge	27.220p per day*
Tariff ends on	Not applicable
Exit fees (if you change supplier before the end date)	Not applicable
Additional products or services included	Not applicable

 

Estimated annual consumption	15,541.37 kWh
Estimated annual cost*	£1240.64

 

Current Electricity

Tariff Information Label (TIL)

About this electricity tariff

Tariff type	Variable
Payment method	Monthly Direct Debit
Standard unit rate	29.240p per kWh
Standing charge	37.918p per day*
Tariff ends on	Not applicable
Exit fees (if you change supplier before the end date)	Not applicable
Additional products or services included	Not applicable

 

Estimated annual consumption	5,191.15 kWh
Estimated annual cost*	£1656.24

 

NEW TARIFF

Gas tariff costs

Estimated costs may change depending on your actual usage.

Estimated cost

£163.16 / month

£1957.89 / year

Standard unit rate

11.998p / kWh

Standing charge

25.576p / day*

Exit fee

£100.00 / fuel

Electricity tariff costs

Estimated costs may change depending on your actual usage.

Estimated cost

£189.12 / month

£2269.42 / year

Standard unit rate

41.360p / kWh

Standing charge

33.535p / day*

Exit fee

£100.00 / fuel

Have you read this link yet?

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

pochase

I would not take this deal!



If the cap does not go up a lot more than the scary figure it is on, there is no chance to save money on this deal.

The fix is 46%!!! more expensive than the current SVT.

JoJo24601

Pochase thank you so much for your help and I apologise for the delay in responding.  Thank you for showing your workings out too - I can now do it myself from now on