MSE Article: Should I fix my energy or stay on the Price Cap?

Bada_Bing_2

I have spent this afternoon building my own models to decide whether to fix or not. I know there are online tools, but I wanted to map my daily consumption to predicted changes in prices, rather than using a fixed price and volume projection.

I'm with Octopus and they've told me I need to call them for my fixed rate offer, which I will do in due course.

Andrew Capstick's article here https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/ refers to fixed deals at rates relative to the Energy Cap. However, I'm now feeling incredibly stupid. Which cap is this? The current cap or the published cap from 1st October?

QrizB

The article is pretty clear about where it's talking about the current (June to September) cap and where it's talking about the new (October to December) cap.

The table of fixed rate tariffs is assessed relative to the current cap.

Bada_Bing_2

QrizB said:

The table of fixed rate tariffs is assessed relative to the current cap.

Thanks. Very much agree with your first point, but not so sure about the quoted bit.

Appreciate the reply. I'll now wait to hear back from Octopus.

For anyone that's interested in datapoints relative to consumption, Octupus Fixed vs Octopus Variable equates to almost a 10% saving with my consumption and the MSE price projections. (2k kWh of electricity and 5k kWh gas)