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I couldn’t imagine the variable / capped rate getting much worse. Right?
But then…fucking Russia
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Currently variable is still your best bet. Even come April it will likely be the cheapest in the market given what Russia have done and the impact of sanctions. But be aware that there may be further change afoot and the price cap (which currently is reviewed every six months) may change and be reviewed every 3 instead so it can keep up with rapid changes. This is still in discussion.
Also be aware (and has been reported elsewhere) that when the price cap goes up on October it will include the high wholesale prices we’re seeing now. Depending how long they go on for it may mean that the theoretical price cap hits north of £3k for a standard user. Politically, maybe less likely but who really knows.
For now, take variable, and look around for better deals as/when they come available.
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Howard
C4r1s
@Tonts
Octopus have offered me a fix of £188 p/m (currently £95) or go onto a variable tariff which is estimated to be £111 p/m (but variable, obvs). Petrol prices seem to be spiking already, are energy prices as volatile? I.e. should I take the fix or roll with a variable market rate?