Business electricity lock now or wait 2-3 weeks

billy2shots

We are all feeling the pinch at home but trust me that has nothing on business energy rates (9 bed house, gas up £20k, electric potentially up £5k this year). 

My 'cheap' 2 year fixed electric deal is up on January 31st. 

I had an 'offer' at the end of November but thankfully waited until now. Rates direct with the same supplier (cheaper than broker) are now 10p per kWh less than that offer.

But.....

Should I wait until as close as possible to 31st January before signing up?

The trend is downwards and wholesale prices change daily  but how often are fixed deals revised?

Mstty

What have you been offered exactly it's all a bit vague.

Looking at domestic rate forecasts I would only fix for a year if that is possible.

cnetwork

Do let us know the rates they are offering, I know electricity for business in December hovered around ~60p

billy2shots

Mstty said:

What have you been offered exactly it's all a bit vague.

Looking at domestic rate forecasts I would only fix for a year if that is possible.

I'm only entertaining 1 year, everyone trying to sell 3 years. 


1 year fixed. 43p pkwh
£105 per quarter standing charge

14,000 unit annual use