I’ve had the shock of my life today on this subject. I keep re-reading the email. It can’t be right. Surely?
We were locked into a deal which expires end of March. So I couldn’t proactively do much on the package. A year ago dual fuel cost us £110 per month. In September they upped it to £160 based on usage. Now I do admit here, in that timeframe I’d gone back to work FT and we’d started using the dryer more. My DC all have sporty hobbies with stinking kits and towels, several times a week. Plus 4 beds to change, uniform and all the usual stuff. So washing machine at least once per day, dryer one cycle per day, dishwasher once a day, and all more at the weekend. Has we are already quite frugal with but electric was too high. So we cut back hoping to see some change in the bill in a positive direction.
Knew full well about the April rise. Assumed (fucking stupidly) that at the end of our fixed price we’d get another deal, expecting it to be higher, but hadn’t thought out the extent CLEARLY. I’d predicted it to be, with cutting back, about £220 a month.
I’m with Octopus. We’ve had the email today warning us the fixed price is ending.
Option a) switch to the variable rate, which will increase in March to £200 and comes with a caveat of another probable minimum of a 50% increase in April with the cap removal, and probably more after that. At which point it’s too late to switch to a deal.
Option b) - switch to a new fixed term deal - 12 months - £390 a month (holy shit!!!!!)
Option c) as a loyal customer, we can have their special loyalty account deal of £344 a month.
MSE says the probable best deal to go with is the £344.
£344 a month!!!!!! On fucking fuel!!!!!!
How in the hell are we meant to afford that?? How many more people are going to get one hell of a shock in the coming 3 months.
I am beyond shocked and quite frankly clueless as to what to do.
What do I actually do?!