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Original poster

End of fixed tarriff

7 replies

Stateofflux · 22/02/2022 11:58

Hi,
My gas and electricity comes to an end at the beginning of May.
What are other people doing? Should I lock into another fixed?
Interested to hear people's thoughts.
Thanks

OP posts:
dementedpixie · 22/02/2022 12:46

Depends on the fixed rates you are offered.
The price cap amounts per kWh are going up in April so you'd need to compare them to the rates you are offered.

End of fixed tarriff
BarbaraofSeville · 23/02/2022 03:36

It's almost certainly not worth switching supplier at the moment and prices reflect that in that they won't take you on unless you sign up to a very expensive rate.

Your existing supplier may offer a loyalty fix, but with that, you're basically betting on prices rising further over summer so the October 22 price cap tariff is higher than the April 22 rates. Otherwise you're best doing nothing and staying on the price cap that you'll go on to when your current fix ends.

Original poster
Stateofflux · 23/02/2022 06:15

@BarbaraofSeville

It's almost certainly not worth switching supplier at the moment and prices reflect that in that they won't take you on unless you sign up to a very expensive rate.

Your existing supplier may offer a loyalty fix, but with that, you're basically betting on prices rising further over summer so the October 22 price cap tariff is higher than the April 22 rates. Otherwise you're best doing nothing and staying on the price cap that you'll go on to when your current fix ends.

Thanks. Really useful.

OP posts:
drybird · 23/02/2022 06:28

I've had this email from my energy company this morning. Our house is filled my oil and a Rayburn, we do have electricity but only pay £40 per month for it. On the new plan it's going to be £117 pcm with the same energy company 🥴 that's more than double..!

Original poster
Stateofflux · 23/02/2022 09:22

@drybird

I've had this email from my energy company this morning. Our house is filled my oil and a Rayburn, we do have electricity but only pay £40 per month for it. On the new plan it's going to be £117 pcm with the same energy company 🥴 that's more than double..!

It's scary, isn't it?! But what can we do!

OP posts:
drybird · 23/02/2022 10:31

I can't quite believe it.. 😨 I'm looking to see which of the three tariffs is the best of a bad bunch.

dementedpixie · 23/02/2022 10:35

@drybird

I've had this email from my energy company this morning. Our house is filled my oil and a Rayburn, we do have electricity but only pay £40 per month for it. On the new plan it's going to be £117 pcm with the same energy company 🥴 that's more than double..!
Do you mean they are offering you a fixed rate plan at the higher amount? How does it compare to the Standard variable rate price per kWh
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