Home Forums Chat Forum Home Energy – Is Now a Good Time to Fix?

Viewing 11 posts - 1 through 11 (of 11 total)
  • Home Energy – Is Now a Good Time to Fix?
  • doomanic
    Full Member

    I’m with EDF and they have mailed me today offering a couple of fixed price tariffs; estimates based on my past usage show the 12 month fix to be £13 cheaper per month and the 24 month fix to be £6 cheaper, making the 12 month fix better value unless prices go crazy in 12 months time.

    What’s the group-think on this?

    cp
    Full Member

    The prediction is that the price cap is coming down in April (?).

    As an ex EDF customer I had the same email but I’m sticking on octopus variable

    the-muffin-man
    Full Member

    I’d say not – prices are meant to be coming down by 14% in April.

    https://www.moneysavingexpert.com/utilities/what-is-the-energy-price-cap/

    bruneep
    Full Member

    .

    As an ex EDF customer I had the same email but I’m sticking on octopus variable

    I’m on octopus tracker always been way  below the SVT https://octotrack.co.uk/region/p-northern-scotland

    cp
    Full Member

    I’m on octopus tracker

    Yeah, I’ve been on the waiting list for ages

    bruneep
    Full Member

    cp keep nudging them, I found twitter (X ) is best way to get things done, emails just get lost

    frankconway
    Full Member

    I wouldn’t.

    simondbarnes
    Full Member

    Had this through today

    20240315_110205Screenshot_20240315_110117_Gmail

    1
    mlltt
    Full Member

    Octopus offering a fix at the April price cap decrease with £0 exit fee. Can’t go wrong with that

    Drac
    Full Member

    Nice Simon.

    frankconway
    Full Member

    Cornwall Insights are forecasting a further reduction in July – from memory, about 6%.

    eon Next have their ‘pledge’ tariff which is guaranteed to be £50 beneath the cap; it’s available to existing and new customers.

    That, to me, is a much better deal than the Octopus fix at the April cap.

    EDIT: the July forecast (described as a ‘weak prediction’) is for a 12% reduction.  Crystal ball gazing for October is a possible 4% increase.

Viewing 11 posts - 1 through 11 (of 11 total)

You must be logged in to reply to this topic.