To not take this deal....

[memorial]

So my gas and electricity supplier have kindly offered to fix my fuel price. At over double what it is now. But of course I have to do it now. Someone explain to me whether this is likely to benefit me. How high are they going to go?? AIBU to stay with my current variable rate and take the risk?

I have just had a similar email from OVO today, we only have electric as we have an oil boiler but currently pay 160 a month (also have solar panels) new fix would be 440 a month for 1 year or estimate of 220 if we go on to the variable..... We are wondering if we just take the risk too.

The current forecast for October is an 82% increase and again in January so you need to work out how risk averse you are.

Yup I feel like if the gov do nothing or give help in the form of credits etc it might be okay, but if they step in with something like "variable rate can't be higher than price Xp / kwh" then OP (and anyone who's fixed high) could be fucked.

I wouldn't / haven't fixed. Fully accept I might live to regret it but the fact it's only a year fix means that even if SHTF and the fix massively saves me, I'd only be kicking the can down the road by a few months anyway, might as well have the money in my pocked now and live while we're alive.