Is it worth taking out a fixed price deal or is there a price drop due in July?

Gobsh

Is it worth taking out a fixed price deal or is there a price drop due in July?

My mum is currently with octopus variable rate

BarelySentientAI

Gobsh said:

Is it worth taking out a fixed price deal 

Yes - if you like the rate.

Gobsh said:

is there a price drop due in July?

Yes - about 7%.

la531983

All providers will have priced the next 12-18 month predictions and knowns into their products, they aren't suddenly going to change their offerings on the 1st July.

BarelySentientAI

https://www.moneysavingexpert.com/utilities/are-there-any-cheap-fixed-energy-deals-currently-worth-it/

RelievedSheff

It depends on the fixed deal you can get and what your adversity to risk is.

We have fixed with Outfox the Market on a tariff that is 9% below the current variable rates so will be 2% below the July price cap rates.

With rates forecast to increase again as we head into winter we decided to take a fix at a lower rate while we could. Our tariff has no exit fees so we can switch to other OTM tariffs if they bring out something cheaper (which we did a couple of times last month as they tweaked the rates lower)

MP1995

Octopus are not historically known for the best fixes in the industry so it could be worth a switch as mentioned above to another supplier.

Netexporter

Octopus are best for TOU tariffs, though.