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New energy fixes are coming on to the market for existing customers.

2 replies

LovingLalo · 04/08/2023 11:47

Our 2 year fix ends mid Sep. I had an email. from Eon.and as an existing customer have got a decent ish new fix for dual fuel
Monthly payments going up from £55 to £82.78. No where near as bad as I thought.

It's worth asking your current suppliers. Takes max 20 mins.

OP posts:
LovingLalo · 04/08/2023 11:53

The other reason it's worth doing is that every household will need to find an extra £68 a month on their winter bills as we will not have the same government help as last year.
I

OP posts:
BarbaraofSeville · 04/08/2023 12:08

Worth adding that Moneysaving Expert have a 'is it worth taking this fix' calculator to help you decide. This adds in the expected fluctuations in price over the next few months.

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

I signed up to a year's fix with Octopus yesterday as it was rated 'worth considering' with an estimated 5% saving over variable.

But the other thing people need to do is keep an eye on their DD and remember that the DD price set may not be an accurate reflection of the annual cost and to always compare unit prices and standing charges. People should expect their account balance to increase at the moment, so it can be used up over winter - or they can save separately in anticipation of bigger winter bills, but don't reduce your DD if it looks too high now, without a plan to cope with much higher bills in winter.

It's also worth seeing what you can do to reduce your energy usage. We've taken the higher prices as a bit of a kick up the arse and saw the estimated annual gas usage on our bill go from 13000 units to 8500 units and do you know what we did? We stopped leaving the living room door open.

That's it. So instead of heating the entire house, having a load of heat go upstairs and make the bedrooms too hot, and a load go outside via our drafty front door, we shut the door in the evening and just heated the living room.

Kitchen was fucking freezing last winter, but it was worth the sacrifice as it saved us about £500 in heating bills.

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