Octopus Flexible or Fixed?

surferstar
surferstar Posts: 39 Forumite
10 Posts First Anniversary
I’m currently on Flexible but have seen MSE recommend their fixed tariff if you prefer certainty. It’s in line with the price cap reduction in July and then a fair amount cheaper than the October rise. 

I’m not sure how the Flexible tariff is calculated but the rate is 24.69 kw/h on fixed vs 25.25 kw/h. However being ‘flexible’ I’ve no idea what my current tariff would be in July or October. 

Any suggestions?

Comments

  • bristolleedsfan
    bristolleedsfan Posts: 12,625 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 29 May 2024 at 9:09AM
    I’m currently on Flexible but have seen MSE recommend their fixed tariff if you prefer certainty. It’s in line with the price cap reduction in July and then a fair amount cheaper than the October rise. 

    I’m not sure how the Flexible tariff is calculated but the rate is 24.69 kw/h on fixed vs 25.25 kw/h. However being ‘flexible’ I’ve no idea what my current tariff would be in July or October. 

    Any suggestions?
    Octopus 12 month fixed is now v4, more expensive for both fuels than v3 listed within MSE guide you refer to.

    MSE calculator suggests for my region it is 4% cheaper than April cap based on average typical use - 11500 G - 2700 E
  • hufc2002
    hufc2002 Posts: 324 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I have calculated that the current fix I can get with Octopus is 4.65% cheaper than my current Octopus Flexible tariff.  Should I fix?
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