Should I accept this fixed priced offer (12 month fix with Octopus)?

What_time_is_it
Forumite Posts: 508
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in Energy
Is this an offer I should take up? Hard to predict I know.
I don't have smart meters so no access to agile options at the moment.
This is the fixed price offer in full:
12 month fix (£150 early exit fee overall)
I don't have smart meters so no access to agile options at the moment.
This is the fixed price offer in full:
12 month fix (£150 early exit fee overall)
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Comments
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Hi,is this offer for existing customers only?How does it compare to what you're paying now?Y'all take care now.0
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frugalmacdugal said:Hi,is this offer for existing customers only?How does it compare to what you're paying now?
Currently paying -Gas: 7.379p / 27.468p Elec: 29.482p / 48.66p
So, the fix is a little lower than the current price I am on.0 -
Are you planning on having smart meters fitted and moving to one of their tariffs that requires them in the next 12 months?
If not, why wouldn't you fix?
There is very little to gain by not fixing as the chances of prices being significantly lower in the next 12 months are small.
There is a far higher chances that prices could rise during the period of this fix.
I can't see you have much to lose by fixing.1 -
matt_drummer said:Are you planning on having smart meters fitted and moving to one of their tariffs that requires them in the next 12 months?
If not, why wouldn't you fix?
There is very little to gain by not fixing as the chances of prices being significantly lower in the next 12 months are small.
There is a far higher chances that prices could rise during the period of this fix.
I can't see you have much to lose by fixing.0 -
Stick or twist, ever feel like we are all sat at the blackjack table?1
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What_time_is_it said:
I can't predict the future but I would be amazed if there was anything much better available to you in the next 12 months unless you plan to move to one of the tariffs that requires a smart meter.
By not fixing you are gambling and the gamble is that you might save a few pounds against potentially losing hundreds.
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I have took the fix,just for peace of mind as cannot see myself losing much on it & possible prices may go up if anything else happens in the world.
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Do you think Corwall Insight will issue another price cap prediction before the announcement of the Oct-Dec Ofgem cap later this month?0
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One other thing... if I do take up the fix offer, I presume I should send them meter readings too?0
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What_time_is_it said:Do you think Corwall Insight will issue another price cap prediction before the announcement of the Oct-Dec Ofgem cap later this month?
https://www.bbc.co.uk/news/business-66542340
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