How do I choose a gas tariff?

[Gingerkittykat]

Like everyone else I am worried about the price increases lately and can't decide what to do with my gas.

I use 13 700 KWH of gas, I currently pay £51 a month with Shell energy on their flexible 5 tariff.

I have looked at comparison sites and the only company which gave me a quote was about £100 a month so switching is not possible.

I have the option of a fived tariff which will cost £845 a year with price protection until November 2024.

The other option is to stay on the variable tariff which gives a projection of £548 per year.

Obviously, the variable makes sense if prices were going to be stable but I have no idea how much they will rise and if the fixed price would make sense long term.

I am also likely to get a new boiler and a possible whole heating system before April. I rent from the council and they have told me my heating will be upgraded this financial year, I have no idea how much that will change my prices. I think my current central heating is around 20 years old so hopefully, a new system will be more economical.

Does anyone who understands more about gas bills have any advice?

The variable tariff will almost certainly go up in price so a fixed one is best. Shell are likely to ride out the next year but could still be on of the companies that go under.

Many energy companies are no longer on comparison sites because of the uncertainly and the bigger, secure top four suppliers will have enough work with taking on all the customers from the bust companies.

Energy prices will go up again in April so fixed is safer.

If you think prices will rise and stay 54% higher for 3 years take the fix.

If you think it's temporary take the variable rate

Or take a fixed rate with £0 exit fees and evaluate in 6 or 12 months

Making a decision that a fixed rate is better because it is fixed is a poor decision