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PRICE CAP FROM 1st JULY - CHANGE NOW?

dec9
dec9 Posts: 34 Forumite
Sixth Anniversary 10 Posts Combo Breaker
The price cap is going down on 1st July. Should I change my current variable Octopus to a fixed one now, or after 1st July?

Comments

  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    As we dont know what the pricing deals will be in the future, I refer you to the crystal ball.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • MeteredOut
    MeteredOut Posts: 3,895 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 11 June 2024 at 12:41PM
    dec9 said:
    The price cap is going down on 1st July. Should I change my current variable Octopus to a fixed one now, or after 1st July?
    Do you want/need to know exactly what you'll pay for your energy use (per unit) over the next 12 months? If so, fix

    Otherwise, don't.

    Fixing isn't about getting an assurance that you'll pay less - its about have a level of assurance over what you'll pay.

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