Should I come off my fixed?

krissy08

Hello,
I just used the link on MSE to work out what my rates will be from October 1st and for the south east, it states ; 

Gas	Unit rate: 10.30p per kWh   Standing charge: 28.49p per day	Unit rate: 7.37p per kWh   Standing charge: 27.22p per day
Electricity	Unit rate: 34.00p per kWh   Standing charge: 46.36p per day

I am currently with Octopus on this;

Electricity YOUR TARIF Loyal Octopus 12M Fixed

Loyal Octopus 12M Fixed April 2022 v1

Fixed term ends 03/07/2023

39.59p/kW 44.48p/day

(All rates inc. VAT)

Gas

YOUR TARIFF

Loyal Octopus 12M Fixed

Loyal Octopus 12M Fixed April 2022 v1

Fixed term ends 03/07/2023

11.22p/kWh
27.22p/day

(All rates inc. VAT)

My annual usage is Gas 13161 KWH and Electricity 1574 . Should  ditch my fixed please? or just hold on till the 1st of October please?

QrizB

krissy08 said:

Should  ditch my fixed please? or just hold on till the 1st of October please?

It's your choice.

If you don't cancel, you'll have 10 more days at the higher rate but from 1st October you'll be paying essentially the same (the SC on the fix is 3p/day less, hardly worth worrying about).