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Jasmin10
Rank 4
Rank 4
August 27, 2024
Solved

Predicted increase in October - should I change my tariff?

Hi everyone,

So, there’s a lot of talk/speculation about fuel prices increasing in October, my question is, would I benefit from changing to my current plan which is at the variable rate (Simpler Energy) to another plan, eg, a one year fixed price plan?

I have done a comparison of rates and standing charges and it seems a ‘swings and roundabouts’ thing, but of course that is as things are currently. 

I understand no-one has a crystal ball but I’m interested in people’s opinions

Thank you.

 

Firedog
FiredogBest Answer
Super User
August 27, 2024

Updated on 01/07/25 by Ben_OVO

We’ve got a handy Forum article that covers Ofgem Price Cap changes:

 

 

You can view our available tariffs here: https://www.ovoenergy.com/home-energy-plans

There have been several recent replies to similar questions which may help you decide: 

 

Noel | I have no official status; I'm just a volunteer who comes here to help other customers. My gear: Aclara SGM 1416-B Electricity-only E7 meter; Chameleon IHD3-PPMID-AAA | It may look as if I know what I’m talking about, but don’t let that fool you. |

5 replies

Firedog
Super User
FiredogSuper UserBest Answer
Super User
August 27, 2024

Updated on 01/07/25 by Ben_OVO

We’ve got a handy Forum article that covers Ofgem Price Cap changes:

 

 

You can view our available tariffs here: https://www.ovoenergy.com/home-energy-plans

There have been several recent replies to similar questions which may help you decide: 

 

Noel | I have no official status; I'm just a volunteer who comes here to help other customers. My gear: Aclara SGM 1416-B Electricity-only E7 meter; Chameleon IHD3-PPMID-AAA | It may look as if I know what I’m talking about, but don’t let that fool you. |
Newcomer
August 27, 2024

I’ve recently fixed.  I think one year fixed deal is slightly more than the variable rate but should be cheaper than the rates from October, through the winter.  Fingers crossed, anyway.

Jasmin10
Rank 4
Jasmin10Author
Rank 4
August 27, 2024

@Firedog I did look for similar topics but could not find anything recent, only year old threads.

@Lpen  Thank you, I think that’s the way I’m heading.

Newcomer
August 27, 2024

I fixed for one year a couple of weeks ago. It’s only a penny or so above the base rate now and, having solar panels, the energy I’ll use between now and October will be minimal. 

Jasmin10
Rank 4
Jasmin10Author
Rank 4
August 27, 2024

@Bonzo Thank you for your reply, it has helped me make a decision to switch to a fixed tariff.