› UKTH forums › 🛠️ Life & Stuff › Utilities › 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... › 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…
I do use gas and was certainly the biggest contributor to the savings when I first switched over. Even during the colder months the tracker price was far below the price cap tariff prices. Perhaps if the wholesale prices keep coming down the difference between them will narrow but unless the prices shoot up the tracker should otherwise always be cheaper than a fixed tariff as they bake in a chunky cost of insuring/hedging your tariff against price rises which gets added into your unit cost, which they don’t have to do with the tracker as we’d just have to pay it or switch tariff.
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