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Fix or variable?!
rewindrooms
Posts: 19 Forumite
in Energy
Hi all,
Our fixed rate comes to an end 1st Sept. We currently pay £100 per month and are always in credit (currently over £300 in credit). We have been quoted £139 for a variable tariff and £232 for 12 month fixed. In the last 12 months we used 2647kwh electricity and 9256kwh gas - making our annual bill for the last year £911. Under the rates we have been offered we would pay £1,668 for variable and £2785 for fixed. Obviously the variable rate will go up, so is it worth fixing?
Thanks so much
Our fixed rate comes to an end 1st Sept. We currently pay £100 per month and are always in credit (currently over £300 in credit). We have been quoted £139 for a variable tariff and £232 for 12 month fixed. In the last 12 months we used 2647kwh electricity and 9256kwh gas - making our annual bill for the last year £911. Under the rates we have been offered we would pay £1,668 for variable and £2785 for fixed. Obviously the variable rate will go up, so is it worth fixing?
Thanks so much
0
Comments
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That fixed is a 75% increase if my calls are correct which seems high unless I'm missing something.
If October brings a 78% increase then you're better off on a variable until then.
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