Energy fixing help needed

[Graphista]

I'm currently with edf on standard variable tariff not fixed

I think I need to fix with them as per Mse guidance but I'm extremely nervous about this.

I've taken a few readings since I moved in a few months ago most recent electric one 9/4/22 I need to take another I know but can't practically do this until at least sat (need to borrow a ladder!/tall person!)

I posted a thread about usage and I'm happy to post readings to get good advice.

I'm scared to contact edf and potentially end up with a much higher direct debit than I do currently but don't know what kinda bill I'd be looking at

But the advice on Mse and elsewhere is that the fix available with edf is ending tomorrow - even if they will accept my application to fix that is.

But I am of course also dreading the coming price rise in October.

Finding this all so very very stressful.

Do I just go for it?

Without knowing the fixed price tariff noone can tell you whether its worthwhile to fix. It will likely be a higher direct debit than you currently pay as the fixed rates are above the standard variable rates

Yea I understand fixing means a higher tariff but the advice seems to be it's better to fix now on a higher tariff for now but this avoids a much bigger hike in oct

Think it's only advised to fix if the fix is a certain amount above the current price cap (might be 40-50%?) as the price cap is predicted to rise by about 50%. If the fix is more than that then you wouldn't fix and would stay on the svr

It's 42% more and there's a £130 bill credit with a code apparently this is according to Mse this ends today

Have edf offered you the tariff?
Do you have an online account to see if it's available to you?

I have the app I'm having some trouble navigating it on this though

I was in a similar position with British Gas - they offered for me to fix at around 35% extra of what I'm paying now (from memory this was a couple of week ago) on the basis that Ofgen could allow rises of 40-50% later in October. If I'd fixed have to pay the extra starting sooner so I reasoned it would probably end up about even ni the long run and didn't fix.

To be honest without a crystal ball to know what Ofgen will allow and what else might happen to affect energy prices no one knows for sure which is the better option. I'm placing my bet on the idea that the goverment will have to step in and do something or so many people will be screwed! So on that basis hopefuly the rise will be less than the predicted 40-50% - but that could be a real long shot!