You are reading a single comment by @frankenbike and its replies.
Click here to read the full conversation.
-
- They won't give you a deal that they don't expect to make money on
- You don't have a better idea of where energy prices are going to go than they do
Ergo only do it if you need absolutely certainty that your bills won't go up from where they are now, or if you want to gamble on them being wrong about prices starting to go downward
On the other hand if there's no/very low exit fees then there's no downside really, just take the deal and leave if variable prices drop
- They won't give you a deal that they don't expect to make money on
I am on EON and they are offering me fixed at VERY similar rates, ran it through Martin Lewis calculator here: https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/
And it says this; shall I fix or wait as the prices are falling according to new.