On the subject of fixed tarriffs

by , 11 months ago

I looked into this a bit more-

Responses (3)

Some opine that companies don't really need to offer you a fixed tarriff at all as they sort of don't gain on it- I know that subject could be further debated.If we fix for a year and save, what's the probability that there may not be much choice of further (moneysaving) fixed tariffs to switch to next year due to current financial and also the world conditions affecting utility prices. Some say there may not be much choice for such savings as time goes on over next couple of years and think prices will not come down in next 2 or 3/ or few years. Therefor do we hedge our bets, fix for longest term possible at a lowish increase, as next few years we may be faced with disproportionate price increases anyway.?

by instinct, 11 months ago

Fix now for as long as possible seems to be the advice going around every recognised website. The cost of natural resources is spiralling out of control and won't be coming down. Yes, in the long run these deals might not be around, but that should be more of a reason to fix now whilst the option is there, make the most of it whilst it lasts.

The costs of these natural resources are only going one way, you just need to look at the jump in petrol prices over the last few years. And lets face it there is nothing in place at the moment to replace our need and reliance on oil, like-wise with the need for the coal and other resources we are quickly running out of.

Wind / wave / solar power are never going to fill that gap, so until something radical emerges as a solution it looks like we are all going to have to bite the bullet unfortunately! So save what you can whilst you can with the fixed rates. Sorry for sounding so depressing btw :P

by Hetley, 11 months ago

im trying to work out best option for me re this im with BG for gas and electric energysmart std tarif and tryin to decipher whats best for me either stay as i am or go websaver 12 or fix price 2012 but these 2 have premiums so I think i'd be paying more now until prices go up? crystal ball anyone??

by krissy, 11 months ago

Hi Krissy and welcome, It all depends on how late you want to risk switching. You might find that yes, switching to a fixed tariff will leave you out of pocket for a few months now, but in the long run I think it would definitely benefit most to switch to a fixed tariff.

If I were you, I'd add 15% to your current BG bill and then do the same but at 25%. See what your new rates could be, as they expect prices to rise between 15% - 25%. Then you'll have a better idea on potential savings =]

by Hetley, 11 months ago

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