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Tariff ending & at a loss what to do.

JP077
JP077 Posts: 2 Newbie
Seventh Anniversary Combo Breaker

I’m at a bit of a loss as to what the best next step is. I’m on Octopus Money Saving 10 month fixed which ends on 9 August. With the July cap I’m really most sure whether I should switch now or hold off and see if any deals come up. Switching would look like Fuse is my best option. My useage is 25491kw and 4549kw annually.

Use MSE is be looking at about £150 annual increase jumping to Fuse.

Comments

  • Newbie_John
    Newbie_John Posts: 1,657 Forumite
    1,000 Posts Third Anniversary Name Dropper

    Can you switch penalty free? Is Fuse also penalty free to switch? The prediction is to raise again in October.. but the market is very chaotic and goes up and down with every Trumps tweet. If you switch you protect yourself from any drastic increases - so it's really up to you to decide if £150 is worth it.

    If you really use 25k kWh then I'd say it's worth it.

  • TroubledTarts
    TroubledTarts Posts: 734 Forumite
    500 Posts First Anniversary Photogenic Name Dropper

    For your energy use(high) an extra £150 doesn't appear to be a bad deal

  • AlvyLad
    AlvyLad Posts: 23 Forumite
    10 Posts Name Dropper

    I do have a habit of going with smaller, newer suppliers, that doesn't have "entrapment" as for exiting, in case I'd decide to…

    Differences price ways with or without "fixed" / "variable-fixed"(NOT FIXED) are ruly minor, so having no exit fee criteria I'd make my choice by. (Not Fuse unfortunately)

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