My contract is up for renewel. Need help please.

Keep your eyes on the fixed tariffs on offer they change all the time, and should be cheaper after April 1st.

How long is left on your current one? You are aware that the rates for both fuels wiil go down on April 1st, even existing ‘fixed’ rates will go down.

To answer the other question, when prices went daft last time I went to Standard Variable until the offered fixes got reasonable again.

(I've got till August on my current fix so am looking forward to the April rate reductions and will worry about the predicted July increases as and when I'm closer to renewing).

This April I will need to renew.

Wasn't aware they are going down, I thought everything is going up due to the war.

Just recieved a letter from them, saying they have just introduced new fixed tariffs. When they only just released they won't be due to war etc. 

Thank you for the insight, so the best thing to do is wait till April hits and go from there? 

Will you exit and renew also? 

The fixed rates currently (29 March) on offer are pretty eye-watering, but it rather depends on how much you value certainty about your price for the next year or two. I don’t know whether the rates you have been offered include the reduction due on 1 April or not, but that should be clear from the letter you got. If they don’t, you should be able to deduct 3.34 p/kWh from the unit rate for electricity and 0.31 p/kWh from the rate for gas.

When I looked just now, the one-year and two-year rates were almost exactly the same; the only difference was in the standing charge for electricity, 0.02 p/day more for the two-year fix - that’s less than 7½ p a year! - and, of course, the higher exit fees (1-year £50, 2-year £95 for each fuel), so any deal you found during the fixed term would have to be quite a bit cheaper for it to be worth switching. 

The Simpler Energy quote you may have received may be the one for April-June, but it’s widely expected to be a lot higher after that because of the global increase in energy prices (oil started trading this morning (30 March) at the same dizzy heights as it has the last two Mondays, over $116/bbl). What the situation will be after 1 October this year is anybody’s guess.  

Remember that the 01-01-2026 Standard Variable rate you see now will also be going down on 1st April.

In your situation I would wait at least a few days until 1st/2nd/3rd April to let the April changes take place, and then look at the fixed rates being offered compared to the Standard Variable after the changes.

As Firedog says the current fixes on offer do seem high.
(I’m also guessing though that if you did take one today it would go down on 1st April like all other current fixed rates will do).

I had noticed this week that OVO put a new set of fixed rates out on 26th March, and then changed them to a new slightly higher set on 27th March.
It just shows how fluid things are at the moment when the fixed rates on offer change daily like that.

Yea the current rates are way hight than the one I am on

So its best to wait?