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I'm with EDF and they have mailed me today offering a couple of fixed price tariffs; estimates based on my past usage show the 12 month fix to be £13 cheaper per month and the 24 month fix to be £6 cheaper, making the 12 month fix better value unless prices go crazy in 12 months time.
What's the group-think on this?
The prediction is that the price cap is coming down in April (?).
As an ex EDF customer I had the same email but I'm sticking on octopus variable
I'd say not - prices are meant to be coming down by 14% in April.
https://www.moneysavingexpert.com/utilities/what-is-the-energy-price-cap/
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As an ex EDF customer I had the same email but I’m sticking on octopus variable
I'm on octopus tracker always been way below the SVT https://octotrack.co.uk/region/p-northern-scotland
I’m on octopus tracker
Yeah, I've been on the waiting list for ages
cp keep nudging them, I found twitter (X ) is best way to get things done, emails just get lost
I wouldn't.
Had this through today
Octopus offering a fix at the April price cap decrease with £0 exit fee. Can't go wrong with that
Nice Simon.
Cornwall Insights are forecasting a further reduction in July - from memory, about 6%.
eon Next have their 'pledge' tariff which is guaranteed to be £50 beneath the cap; it's available to existing and new customers.
That, to me, is a much better deal than the Octopus fix at the April cap.
EDIT: the July forecast (described as a 'weak prediction') is for a 12% reduction. Crystal ball gazing for October is a possible 4% increase.