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Predicted increase in October - should I change my tariff?

  • August 27, 2024
  • 5 replies
  • 337 views

Jasmin10
Carbon Cutter*****
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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.

 

Best answer by Firedog

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

https://forum.ovoenergy.com/my-account-140/thinking-of-moving-to-a-fixed-tariff-for-1-year-or-2-years-should-i-17203

 

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5 replies

Firedog
Plan Zero Hero
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  • Plan Zero Hero
  • 2006 replies
  • Answer
  • August 27, 2024

  • Carbon Cutter**
  • 6 replies
  • 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
Carbon Cutter*****
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  • Author
  • Carbon Cutter*****
  • 24 replies
  • 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.


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  • Carbon Catcher*
  • 12 replies
  • 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
Carbon Cutter*****
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  • Author
  • Carbon Cutter*****
  • 24 replies
  • August 27, 2024

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


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