Reply To: Energy Price Rises Hi all, What’s everyone thinking of doing RE energy bills? Going on variable and paying the cap prices? Choosing a 1 or 2 year fixed tariff? Staying with current supplier…

[kev2021]

Hi,

Octopus didn’t offer me any fixed deals, just there flexible tariff and they *think* prices will stay the same but can’t guarantee that from April so i’m kinda in limbo.

The prices they quoted was:-

Daily standing charge Question mark icon37.29p /day

Unit rate was 68.49p /kWh but Reduced unit rate (Energy Price Guarantee discount) 35.06p /kWh

There is a very mall difference between them and current provider.  Think current provider wants 38.9x standing charge and 35.04 unit price so overall wont be a massive difference.

My concern was, from April will octopus unit price revert to 68.49p or remain at 35.04 and no real concrete answer, its basically they will update in April etc.

So i’m currently thinking stick where i am, wait till April and see what prices are then.  Current provider is offering no fixed deals either but has a option to register interest in fixed tariff so i’m prob just going to hold fire for the moment and see what happens.

Can’t complain too much though, i fixed my energy back in 2021 so way before all the price increases so i’ve done ok so far and if predictions are correct, from July prices should start to come down a bit so let’s hope so.  If a fixed becomes available then, i might go for one just so i know what costs are as i saw mention that they may go up a little from sept, not by much but still higher price but that also makes me wonder if companies will offer fixed if they know the forecast is higher prices… My price is lower than yours as mine is only a 2 bed place and i’m only looking at Elec as i currently have my gas fixed till 2024 some time, possible Aug/Sept.

Kev

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