Thoughts on Huge Energy Prices Increases 2022

Published / Last Updated on 02/02/2022

For our combined gas and electricity at home we pay £132 per month / £1,584 per year.  This is on the standard variable rate.

Given prices are rocketing, we checked what fixed rate deals are available for us personally.  There were two 1-year fixed rate deals offered to us:

  • Option 1 would cost us £1,071 per year more.
  • Option 2 'a green deal' would cost us £1,200 per year more. 

We decided to stay on our standard variable rate for now, accept that we may see further increases temporarily, we hope before fuel prices settle down again either later this year or next year. 

In any event, by not committing to a fixed rate deal, we are currently saving £1,071 - £1,200 pa which, we will keep on deposit and use to subsidise any short-term price ‘spikes’ on the standard variable rate tariff.

It is a gamble either way, but we are gambling on Russian gas tensions being alleviated and thus global fuel costs fall (UK gets most of our gas from our own North Sea reserves, Norway and some from North America).

This is not advice to you, this is our gamble.

Contact  Call Back  Calculators  Our Fees


Related Videos


Videos Channels

Explore our Site

About
Advice
Money MOT
T and C