We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

To fix now or wait until July?

16Carriages
16Carriages Posts: 12 Forumite
Second Anniversary Name Dropper First Post

I have octopus 16m fixed gas&electricity until June/july. I was looking to switch to the smart EDF tarriff where there's a lower standing charge rate. My daily electricity usage is from £0.47-1.20 per day and gas is ever only max £1.50 a day (excluding standing charges)

Should I be looking to move now or wait?

Comments

  • Netexporter
    Netexporter Posts: 2,700 Forumite
    1,000 Posts Second Anniversary Name Dropper

    Impossible to say, with the current volatile situation. You'll get a decrease in your unit rate from April 1st to the end of the fix. However, as far as SC is concerned, they are going up in some areas, down in others and remaining the same elsewhere, from April 1st, so that EDF SC may, or may not, go up.

    I think I'd enjoy the known modest savings and hope for the best when the the fix ends. We might have all gone up in smoke by then!

  • 16Carriages
    16Carriages Posts: 12 Forumite
    Second Anniversary Name Dropper First Post

    I'm tempted to refix there's some good 16M options tbf as a low energy user price hikes do make a massive difference

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.