Octopus 16 month fix

Mum161111

I 'phoned Octopus to ask about their 16 month fix.  My present tariff is:  "Octopus 12M Fixed June 2024 v1" and is due to run until 30 June this year.  There is no penalty for leaving early.  The lady I spoke to was helpful and she sent me an email with details of the 16 month fix.  It is more expensive than my present tariff.  I would like to stay with Octopus.

If I have understood her correctly, she seemed to be encouraging me to stay on my present tariff until 30 June saying that it would be cheaper for me.  When I mentioned  that the 16 month fix would give me security for a period beyond 30 June she said that, if I decide to wait, there may be a cheaper fixed rate available fo me from 1 July.  

I know no one can decide for me but if anyone is in a similar position I would be really interested to know what their thoughts are, thank you.

Vini_2

Is her comment in relation to the energy price cap review dates? By this, I mean you're already "fixed" until the next review period.

If I personally would expect summer months to "drop", but I am somewhat naive. (and have little to no idea how it all works!)

See below from Ofgem.

Next energy price cap review  

We review and set a level on how much an energy supplier can charge for each unit of energy including the standing charge every 3 months. The levels for the period 1 July to 30 September 2025 will be published by 27 May 2025.