Scottish Power - Electric only current deal ending

LeeofLiverpool123

Hi all, 
My Scottish Power tariff is ending in October this year and i'm unsure of what to do. I know this is a very broad question but any advice is welcome
I am in a two bedroom apartment with electric only  . Current recommended direct debt is £77 a month, I pay £180 to stay in credit and hopefully partially cushion the price rises in October
I have a smart meter getting fitted in August but just wondering if you all think i'd be better switching to a fixed rate when I can or staying on the variable one when my current deal ends
Thanks in Advance 

pochase

Welcome to the forum.

I don't think anybody will be able to answer this question for you. Nobody knows what fixed tariffs will be available in three months, if any at all, but it unlikely that they will be below the new cap that will be in place at this time.

Also there is nothing that is that much cheaper at the moment than the predicted cap, that would make sense to exit you current fix now to get a new fix and pay much higher rates for the next two months.

LeeofLiverpool123

Thank you for the welcome and for your response,
I am thinking of staying on the variable rate and seeing where that takes me. Getting a smart meter fitted on the 17th August and I understand that gives you your total usage in £ each month, add 5% and this is what I need to pay. My thoughts are i'll just cancel the DD and pay like this? As long as i'm paying for my usage then i'm not doing anything wrong unless i'm missing something?