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My concern is that if variable is cheaper than the 12m fixed they are offering (albeit at 2x current rate), it suggests they are expecting prices to go up not down? Or is variable capped by ofgem, so artificially low vs wholesale costs?
Roll the dice. it's an uncertain market at the moment. All bets are off.
Personally, if they are offering a Variable Tariff that is subject to UK Price Cap then take that.
It won't be any cheaper but the maximum you will be charged will be regulated by the Government. A fixed deal will have no regulation at all.
Variable tariffs have no minimum contract terms or exit fees.
Mr_Sworld
My concern is that if variable is cheaper than the 12m fixed they are offering (albeit at 2x current rate), it suggests they are expecting prices to go up not down? Or is variable capped by ofgem, so artificially low vs wholesale costs?