Fix or not?

[PeloAddict]

Currently on a low fixed rate which ends in September
Martin Lewis calculator says yes, fix but I'm not sure

And the calculator result

We fixed last month and are making a concerted effort to reduce our consumption and now both only shower at work with a cold shower at home but god knows how we will do that in the winter. That said I find it hard to see how the government cannot help a little bit more if the cap rises again. Businesses are going to become unviable and poorer families are already in difficulty.

We only really fixed to know our expense, if the government step in again perhaps a variable result will workout better. All a gamble.

We are lucky that we can afford the rise but are damned if we will use as much energy as last year.

just gone onto another fx had to complain though as im a customer of 25yrs and was not offerred the one i have now,thank goodness i saw on martin lewis that this was about,after complaint they offerred this

for 2yrs
and no exit fee
am paying approx 20 a month ( sept)extra till the October hike then i should be gaining but im still not sure eon set at £210 a month will be enough though i will have £900 from the goverment and im 300 in credit

old and new rates

ive atually started a thread about it didnt notice this one

Electricity
Next Loyalty 24M Fixed Rate - June 2022 Issue 2

Fixed term ends 16/08/2024

41.03 p/kWh 43.39 p/day
(All rates inc. VAT)

Gas
Next Loyalty 24M Fixed Rate - June 2022 Issue 2

Fixed term ends 16/08/2024

10.52 p/kWh 27.22 p/day
(All rates inc. VAT

@PeloAddict you have not provided the price per kwh or standing charge for the fix so we can't tell you if its worth fixing or not

I'm in the same position OP, our tariff runs out in October and had a similar email from my current provider, I also had another one today saying our DD is only going up by £17 from October which seems rather low so not sure what to do!

For a comparison we need price per kwh and standing charge not the direct debit amount

Ignore the post now!
I worked it all out, it was cheaper to fix and I used the kWh and MSE calculator and fixed
No exit fee

I've tried getting estimates to fix from different online providers and they keep saying to stick with my current provider. Where am I going wrong? I'd like to know how much I could fix for? Currently paying £240 and not in a fix. Had a quote from utility warehouse for £470 fixed. Has anyone else gone with UW? Why are they the only one I can get a fix with? Worried sick about this

There are no cheap fixes which is why you are best staying with your own provider. You can't just take energy from UW and need to take other products too.

You arent doing anything wrong, it's just the way things are just now

Thanks @dementedpixie. Energy is the only thing I completely leave in my husbands hands and I feel like I should have looked into it a few months ago when he kept saying there were no deals as there clearly were. He wasn't to know so not blaming him. I'm just a control freak and it's the only thing I've left to him. My friend reckons she is on a fixed 24 month one at £124 a month until Jan 2024!

The £124 price is not what she has fixed, it's the underlying price per kwh and standing charge. I came off a fix in February and there weren't decent fixes on offer so I'm on the variable rate. Some companies are offering their existing customers deals but they aren't open to others

Lots of people can't get a fix. I was bumped from one company to another as my original provider went bust last year, followed by the one i was bumped to, now I'm with Shell (not by choice) who aren't offering any fixed deals, and other companies are only offering to existing customers so no point moving.

Ah that makes sense. Thank you. So worried. We cannot afford £500 a month which is what it likely to go up to in January

The fixes are generally more expensive than the variable rate so a lot of the time you're better off not fixing