- Thread starter Matrixx
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skotl
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I'm far from an expert in the market but with interest rates fluctuating wildly and energy tariff caps ending recently I suspect that the situation is too volatile for any suppliers to commit to a long-term deal. Betting the wrong way is what brought many of them to the brink over the last couple of years.
So I'd probably be considering options that had easy break clauses (e.g. 12 months maximum, 3 months ideally) so that when the situation does settle down and deals start to emerge you can then abandon your current supplier and take advantage of them. I'd favour that easy-break over whatever today's price is as today's cheapest will be tomorrow's more expensive and vice versa for some time, I expect.
So I'd probably be considering options that had easy break clauses (e.g. 12 months maximum, 3 months ideally) so that when the situation does settle down and deals start to emerge you can then abandon your current supplier and take advantage of them. I'd favour that easy-break over whatever today's price is as today's cheapest will be tomorrow's more expensive and vice versa for some time, I expect.
Matrixx
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My fixed term is running out in August, fixed is 3% under the current rate (with the same supplier E-on) , but the forecast is for it to drop 5% then go up 2% in January, so the 3% looks close to the average? , but if it falls I could lose out, but as mentioned above there is no contract or penalty for leaving the variable, so could be a good call if kept an eye on?
