Octopus

Kazzam1984

CCurrently With octobus,our fixed rate has just cone to an end so bill is gping from 126 a month to 140. Is it worth me fixing a new deal ?

Estimated usage by octopus below

Total yearly estimate

£1,605.94

£1,124.05 for 3,851kWh-electriciy

£481.89 for 6,367kWh-gas

This is based on the latest industry estimate of your energy use. Regular readings make this more accurate.

Total yearly estimate

£1,605.94

£1,124.05 for 3,851kWh

£481.89 for 6,367kWh

This is based on the latest industry estimate of your energy use. Regular readings make this more

Electricity New

Unit rate (p/kWh) 24.98

Daily standing charge (p/day) 44.35

Early exit fee £0

Gas New

Unit rate (p/kWh) 5.94

Daily standing charge (p/day) 28.42

Early exit fee £0

What should I do?

QrizB

What should I do?

If you want to stick with Octopus, take a look at their fixed-rate deal or see if one of their smart tariffs might suit you.

If you don't mind switching supplier, put your details (including annual consumption) into one of the comparison sites and see what pops up.

MSE Cheap Energy Club: https://www.moneysavingexpert.com/cheapenergyclub/

FreeBear

If you want to stick with Octopus, take a look at their fixed-rate deal or see if one of their smart tariffs might suit you.

A fixed is likely to be higher than the current standard variable rate. But based on current market volatility, the SVR is likely to go up over the course of the next 8-12 months. How much is open to debate and it might drop back once the markets have settled down. All a bit of a gamble I'm afraid.

Bigphil1474

Worth looking at suppliers who allow you to move to another of their products without paying an exit fee, that way if you fix now and prices do drop later in the year, you have the option to move to any lower fix they offer. A current fix will be higher than the current SVR until the end of this month, then the current fixes will likely be less than the new SVR.