Should I fix my energy costs?

C_Side27

MSE's latests email suggests it may be a good idea to move to a fixed tarif for 12 months. However, it also says that the price cap is due to fall again in July. Wouldn't it be better to wait until July to move to a fixed tariff, so you fix at a lower price still? 

RelievedSheff

There is no guarantee that there will be a lower priced fixed tariff come July.

Energy suppliers know that price caps are due to rise again in October so there is no benefit in them offering lower tariffs.

The lowest priced fixed rate tariffs have already been pulled following the July price cap being announced. 

MeteredOut

Want to know exactly what you'll pay based on your kWh usage? Fix
Want to perhaps pay less over the next year, but willing to risk paying more? Don't fix

Mark_d

I only go for tariffs with no exit fee.  So it's no problem to switch whenever there is a significantly better deal out there.

bristolleedsfan

Mark_d said:

I only go for tariffs with no exit fee.  So it's no problem to switch whenever there is a significantly better deal out there.

Does not alter the fact fixed rate tariffs have increased during last week or so due to wholesale prices increasing.