Fixed Energy Tariff

la531983

Drew1980 said:

Not sure sorry, but was thinking of going with them as all renewable energy sources I believe

This is the biggest bull energy companies spout. The mix you get into your home will still contain fossil fuel generated electric 

JSHarris

la531983 said:

Drew1980 said:

Not sure sorry, but was thinking of going with them as all renewable energy sources I believe

This is the biggest bull energy companies spout. The mix you get into your home will still contain fossil fuel generated electric 

Indeed it will, and if you live somewhere well away from renewable generators then you may well get almost all your electricity from non-renewable sources.  If you live somewhere like Gloucester, then almost all of your electricity is going to be nuclear no matter what tariff you're on, or if you live on Orkney then it will almost all be from wind.  What you get is a function of the line impedances from your home to each generating source, and that's almost wholly a function of transmission line distance.

MultiFuelBurner

Just one thing to consider

UK typical energy bill expected to fall to £1,660 by April

The UK’s energy price cap is predicted to fall by 14% in April, lowering household bills further.

A typical duel fuel consumer is expected to pay £1,660 a year, down £268 from January bills of £1,928, according to forecasters Cornwall Insight.

Bills expected to drop further, £1,590 in July before a slight increase to £1,640 from October.

Source

https://www.cornwall-insight.com/press/price-cap-predicted-to-fall-by-14-in-april/

gefnew

This from Cornwall insight.
Energy bills predicted to fall in April to £1,660 - BBC News

MenaiVenom

MultiFuelBurner said:

Just one thing to consider

UK typical energy bill expected to fall to £1,660 by April

The UK’s energy price cap is predicted to fall by 14% in April, lowering household bills further.

A typical duel fuel consumer is expected to pay £1,660 a year, down £268 from January bills of £1,928, according to forecasters Cornwall Insight.

Bills expected to drop further, £1,590 in July before a slight increase to £1,640 from October.

Thank you. I really appreciate your advice, it is most helpful and gives me something to think about. 

MenaiVenom

QrizB said:

MenaiVenom said:

Is this deal worth it, or would it be better to stay on the variable tariff? I am worried that I could end up paying a lot more if prices drop.

Fixed tariffs usually cost more than variable ones. They offer certainty, not savings.

What worries you most, not paying less if dates fall or paying more if they rise?

If you are worried about not saving money on a fix if prices drop, stay on the SVT but be prepared to pay more if the SVT rises.

If you are worried that the SVT might rise and be unaffordable, take the fix

Thank you very much for your advice.