Fix now?

AdmanPea

Hi all 

I’m currently with Sainsbury’s energy on a cap tracker and I don’t/can’t have a smart meter at present. Advice seems to be lock in. Should I go for the octopus 12 month no fee exit fix which is above current cap but below the October and January potential rises? 

Newbie_John

If you prefer knowing what you will pay fix, simple really. Not much to say, we don't expect to see big rises, only a few % but who knows. 

Yeah, octopus sounds good as you can change your mind anytime and get free £50.
 

Mark_d

I would always always go with the cheapest price at the time, regardless of whether it's fixed rate or variable.  I only consider deals with no exit fee - so I'm always free to switch if I feel like I'm paying too much.

Bungle73

Mark_d said:

I would always always go with the cheapest price at the time, regardless of whether it's fixed rate or variable.  I only consider deals with no exit fee - so I'm always free to switch if I feel like I'm paying too much.

Except we already know that prices are going up by 10% in a few weeks (and possibly a further 3% after that), so a variable tariff that is "cheaper" at this moment in time, won't be for long.