00:00Is it worth leaving a fixed rate tariff at the moment, considering they're going to come down?
00:04As you can see, your price is going to drop, right? So for me, it's quite simple. If you've
00:08got no exit penalties, go and do a comparison. If you can find a cheaper fix than the fix that
00:12you're on, you may as well lock in on a cheaper fix. If you can't, you may as well stay
00:15on the
00:16cheap price that you're on right now. So it's actually, you know, quite a simple one. Let's
00:19have a look, though, at what you can do in the fixing market right now. Now, I said the price
00:24cap is still a pants cap. Ditch it if you can. You agree with that, don't you, by the way?
00:27100% agree. You know, we want people in the market finding the best tariff for them.
00:30Yeah, the price cap's meant to be a backstop for those who don't switch. You're meant to
00:34be switching. You're meant to be taking advantage of that competitive market. Too many people
00:37are on that. Fixing is the simple option. You get peace of mind that your rate is locked
00:42in. That's not the amount you pay. If you use more, you'll pay more. Even on a fix,
00:46you use less, you'll pay less. But the rate you pay for each unit is locked in. Your cheapest
00:50depends on where in the country you are and your usage. So use a whole of market by default
00:54comparison site. These are just averages. Don't trust these because it varies on where
00:58you are. And you don't need to know your usage when you do that these days. It's dead easy.
01:02They know that already. So you just go on there, tell them what you do, and they'll tell them
01:05who your cheapest is. Remember, most of these fixes will drop by 8% to 9% in April. So
01:11the
01:12prices you got there will actually, they're going to get cheaper.
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