Quote:
Originally Posted by Qwerty
Also sad that my fixed rates end in October and gas/electricity is going to double.
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The raw cost of your utility bill will go up as your contract is expiring. That's a tough pill to swallow, I get it. Please keep in mind that the RRO is likely to be a good option inside of two years from now. So to the extent you are locking in at 12 or 13, you need to weigh that against at what you've saved versus being on the RRO. As mentioned in this thread, if you lock in on a 5 year plan, you are allowed to exit your plan/contract after one month.
It's quite similar to getting your mortgage right or wrong. The delta between variable and fixed a good parallel in terms of order of magnitude. People that locked in a mortgage rate early last year are laughing. Really comes down to your risk tolerance.
Ps. Thanks to Timun for breaking the charges/rate riders down.