I've chosen a Fixed plan but might be better switching to Simpler Energy - Am I able to cancel my renewal and fix in again at a later date?

Hi @waltyboy,  thanks for the comments.  As our property only consumes electricity (via ASHP for UFH and an internal recycled air heat exchanger for DHW) the calculation based on now historically typical (i.e. since Aug 2020) monthly consumption figures gives a pretty accurate forecast.  If I'd left the switch any later then the net payback would start to fall away quite quickly as we entered the late spring/early summer months when our electricity demand for heating drops off. 

As stated earlier however some of that payback is based on an expectation that the 3Q Ofgem cap will not increase from the 2Q's.

These effects of price changes however seem muted when the overall gross costs of energy these days are so high (relative to the past).

With this in mind my return to Fixed Price contracts this year is likely to be cautious and (like last year) based on concerns of further disruption to global energy supply chains.

Thanks @Corgimajor, and for all your illuminating and thought-provoking posts on this topic.

Going slightly sideways for a moment, since you mentioned ASHP installed in August 2020, I’ve reminded myself to dip in again to your former posts on that subject…very interesting stuff indeed.

All the very best in your journey to highlight green options in practice, I’m constantly re-discovering what a great forum this is…

Hi @Corgimajor, 

Amazing news! I am glad that you are happy with how things have settled for you.

I agree with @waltyboy you did such a great job of giving solid supporting reasoning behind your decision why you made this choice. I think anyone reading this will benefit from your wisdom and experience.

Keep us updated with your progress and findings. I would be interesting to see a comparison of how much you saved vs staying on the fixed plan 🙂