This depends on the scale of the October rise
If the October rise is 45% (though there are reports today it could be higher than expected) then the fix works out as being 16% more expensive than the price cap, so basically it is 16% more for the certainty of it not being higher
Wholesae prices are expected - yeah, right - to fall again in Spring 23, which would make the variable rate interesting … but it’ds a risk and I don’t wanna leave her out of pocket.
Martin Lewis recommends not bothering fixing for 12 months if it is >35% increase on standard tarrif
Edit: He has just tweeted that new cap predictions are just in and they will update time to fix analysis tomorrow
Thanks Kevin
I’d been reading Martin last week, so it came as no surprise that the Scottish Power fix came in JUST under his 17% threshold.
I look forward to their update.
As above, it’s not so much whether the SP Fix tarrif is “worth it”, more about whether it’s best for 1 or 2 years
Is it a fixed tariff your mother has been offered? The ones I have been offered are called Flexi Price Tariffs. It seems that certain parts of the tariff can be varied. I can’t pretend to understand it all but the cynic in me thinks it is probably the worst of all worlds.
The price of energy we supply you is fixed, protecting you from rising wholesale energy costs. The tariff also includes variable costs which are linked to external industry costs that can go up or down each quarter during the term of your tariff. Find out more about the variable costs here.
It’s fixed fixed
However…Cornwall Insights have updated their predictions for the cap: it’s now 51% up in October, a further 1% in January, then 8% down in April.
That makes the SP fix around 14% more expensive than the cap, so I think we stay on the cap (standard) tariff and hold our breath
Just wondering if anybody has a £50 referral code for Octopus energy?
I will send you one
That’s great. Thanks.
100 tonnes of sand at 500C (say you can extract useful heat from it as long as it’s above 50C) with a heat capacity of 830J/gK stores about 10^8 x (500-50) x 830 J or about a million kWh. That’s a very useful amount of heat for a small community.
Wot he sed ^
Fixt.
I await the coco-san sandpit power supply with anticipation
If they were getting a but more jiggy watt it they wouldn’t need a sandbox to keep them warm.
Just had a nice email from my friendly leccy supplier Bulb
We’ve run the numbers, and based on your recent meter readings it looks like we need to increase your monthly payments from £170.35 to £295.25 . We’ll use this new amount for your next payment on 25 July.
Can’t wait for the October increase to kick in.
Hmm I’d be seriously looking at a wind turbine at your place. Domestic ones have a reputation for being shite, but if it’s going to work anywhere…
Last time I researched it the payback was going to take 20 years. Maybe time to revisit.
And yes, we do get the odd breezy day 
There might be grants and shit up there. Scots gov is all over that sort of thing.
If they do another thing it may be worth looking at.
I seriously looked at that but the energy supplier lock in was too much risk for me. I love Octopus but who the fuck knows what’s going to happen next month, never mind over 25 years.