i have just fixed my energy tariff

[MrsLargeEmbodied]

i was oblivious to all the angst until now i realise it is affecting me - i mean i had a hunch it would.

anyone else just had to fix their tariff?

Every energy company will due to the £400 given to us all by the government (paid directly to the energy company).

I got it from here - there may be something about January but I haven’t seen it yet.

www.facebook.com/groups/966754150512356/?ref=sharewww.facebook.com/groups/966754150512356/?ref=share&exp=9594

That's for the money that everyone is going to get to pay towards their bills: £66 x 6 months = nearly £400. You could of course keep your payment the same and the £66 would be extra on top

It's suggesting that they will change it automatically for me, but I guess I could change it back. I thought that's what the poster was asking, if the dd would reduce. I don't know what other billing companies are doing.

Eek I have just taken some time to crunch the numbers using the predicted price cap that's coming in October.

We use about double the average and it will be about 775 a month! 😱

We really need to cut back somewhere.

Jesus I am so grateful we fixed last year - we got an octopus 2 year fix October with electric at 27.7p/kWh and 25.19/day standing - this is already costing us £70 a month in useage based on accurate reads - so this useage will cost us around £250/month in October next year if the prices stay so inflated. Then gas on top - and that’s just summer use!

I also fixed . Last September I was able to fix until September 2024!!! It doesn't seem fair though , just because I fixed at that time, I end up paying less than someone who wasn't able to. Doesn't seem right at all?

Of course it’s fair, not too long ago I had the chance to fix at £170 a month based on my useage and I decided not to - my choice. I never thought electricity would get to 50p kwh 🙄
I’ve fixed today at £230 but that should come down when the Government money starts appearing.

£230 doesn't sound too bad compared with some, but yeh, not ideal at all! Government has to do something!

As long as you realise it's not the £230 that's fixed but the price per unit and standing charge. The £230 can go up and down according to your usage

It looks like my horrendously high fix with Octopus (fixed early July) is still going to be below the cap, so maybe I won't exit early! It will also absorb any shock from increases in January.

@dementedpixie thank you, you have really helped me to understand this from a cost per Kwh for gas and electricity on these boards.

Gordon Brown made an interesting point about the goverment taking over gas and electricity companies and intervening as he did with the banks back in the day. Sadly very little cohesive leadership going on.

Trying not to panic 😳

I think fixing now may be risky as there may be some intervention regarding pricing.

I've just taken a fixed rate, delayed until October. It has no exit fees so I can switch onto the variable if its not a good deal when the time comes

British gas are offering me a fix for electricity.....£506 a month.

The last 6 months my bill has been reducing and im still in credit at £150 a month, i'll stay on variable thanks BG.

I fixed with Eon next yesterday.

Elec 52.29 kWh/ 44.75 S/C
Gas 13.27 kWh/ 27.22 S/C

Going by predicted figures above it looks like I did the right thing. No exit fee so that’s a bonus. Only a month till Oct so not paying over the odds for months. If I was talking to a friend I would recommend the same to them. I can’t imagine their fix at that will hang around much longer.

Your current price doesn't include the large increase in cost that we are going to see in Oct and then another increase Jan. unfortunately you've probably left it too late to get a good deal now.

I fixed with BG 2 months ago. They said my DD would need to go up from £170 to over £300. They are now telling me it should be £116 as I have reduced my usage and been very careful about stuff, I've built up a credit to help me over the winter. I'm fixed at a significantly lower price than the predicted October increase now.

When looking at fixing you should be looking at the price per unit not the monthly DD, that's just an estimate. There are guides out there about what is a sensible unit price to fix at at the moment.

Little help here would you fix at these prices?

I'm coming out of a fix and being quoted

Gas. 7.34 per kWh. Variable so this will increase in October
Or fix at 13.32.

Electric 28.02 variable fix at 52.78

By my reckoning there's not much difference once October increase comes in and if there's a Jan one as expected I'll be lower than price cap. Just need another sensible person to say I'm looking at this correctly. Ta

This was posted upthread

So you’d be paying slightly more for electricity but less for gas. Plus protection from further increases?

Thanks

MSE calculator

At the bottom of this webpage is a rather nifty calculator that helps you make your decision whether to fix or not. Of course nothing’s certain at the moment but it helped reassure me I’d probably done the right thing.

That's really useful! I just put my values in and I was lucky enough to fix at 30% a while ago, I can't believe they are now recommended anything below 90% is a good fix though 😭

I’m with British Gas and I fixed last month.
July bill was £84
For about 185kwh each fuel

August bill is looking around £210
for 223kwh of elec
and about 190kwh gas

I panicked and I was thinking if it’s going up again in January I will be better off fixing now.
its a huge increase. I am dreading winter as a single working parent I can’t afford to heat our 3 bed house properly at all.
I didn’t get the first cost of living payment either because I was living in a refuge and on a nil payment of UC. So I to just deal with it. Thankfully no debt on my energy yet as it’s a new account, but I have cancelled my dd and I am paying monthly for what I use. I know I need to be more savvy with things now.

I have the Hugo app on my phone that links to my smart metres and I can put my tariff in and keep an eye on what we use as BG have never supplied a display unit.

Well that was a waste of time! Or maybe not! Days of getting my head around tariffs, KWH etc with my calculator working overtime! At least I understand it all a lot better, and I have also been able to advise others! I have drastically reduced my usage and that can only be a positive 🤗 I fixed on 10th August. I emailed EON yesterday to ask to be returned to the SVR and they said no need - my tariff will be automatically reduced to the new reduced October cap. They also said I would have my increased payments, from August when I fixed at higher rate, refunded. (Without me having to ask! I imagined I’d just have to take the hit - not exorbitant for me given it’s still summer/autumn - but it could have been!) You can’t say fairer than that really! 🤗