Stick or move tariff - opinions please

Ballymoney

Afternoon all, a little advice if you wouldn’t mind. I’m currently on a fixed dual fuel tariff with Eon Next (Next Fixed 12m v12), which expires on 17/04/2025.

My current rates are:

Elec: 22.98 / 56.00

Gas: 5.75 / 29.60

I’m considering moving to the Next Fixed 16m v3 tariff free of charge which has rates of:

Elec: 23.48 / 68.30

Gas: 6.22 / 31.72

My average annual usage is 2500kwh for Elec and 18000kwh for Gas so still plenty of gas to use between now and April. With the news this week that the cap is due to rise further in April what would you do?  

(A) Move to the new tariff and pay more than I currently have to between now and April but likely save money next winter? 

(B) Stick with the current cheaper fix and move to a new fix in April, likely to be in the region of 26.00 (Elec) and 6.60 (Gas).

I’m at a complete 50:50 and intrigued to know what others would do.

Mark_d

I tend to choose fixed rate tariffs with no exit fee.  I review my position every few months and if I can get a cheaper deal then I switch to it.

I try not to speculate on what prices will be available in the future.  I don't use suppliers with poor customer service.  I may not be getting the cheapest energy deal but I'm confident it's amongst the cheapest.

MikeJXE

I tend to stick to a fix with no exit fee

I stick with the same company too whether it’s cheaper or not..

 Octopus

Low user Elec 500 Gas 3000