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Moving house - utility tariff help

3 replies

emptysky · 14/03/2022 22:01

I'm moving to a new rented flat in a few weeks and have been asked to decide whether to stick with the current utilities tariff (gas & electric), which is Scottish Power's standard variable, or switch. The rental agency's website (where I am being asked to select a tariff, although I can change later once my account is set up) is currently only offering Scottish Power Help Beat Cancer Green Fixed May 2024 CM3 Online as a fixed price tariff. With this tariff, they're quoting £370 per month for electric and gas (small 2 bed flat, 1 person) with standing charges of 33.78p/day (electric) and 28.86p/day (gas) and unit rates of 58.98 p/kWh (electric) and 19.5p/kWh (gas).

Would anyone possibly be able to sense check the above figures for me? £370 seems extortionate - I knew prices were rising, but for 1 person in a pretty small flat this seems insane, so I'm thinking I may be better going with the variable. But at the same time, I'm wondering if going with a fixed price tariff is a better idea given uncertainty over how high prices will actually rise?

Thanks so much for any help anyone is able to give! Smile

OP posts:
dementedpixie · 14/03/2022 22:05

I would go on the standard variable rate as thats covered by the price cap. I think I've put the April SVR average rates on this post.

Moving house - utility tariff help
Halllyup17 · 15/03/2022 11:36

You're right, fixes are extortionate at the moment. We're with Octopus (electric only) and they're offering us an overpriced fix of 26.82p standing charge and 39.71p/kWh, so 33p and 58p is absolutely criminal. Stay on the standard variable for now.

emptysky · 15/03/2022 18:48

Thank you both so much, really appreciate your help! I'll stick to the standard variable. I did think the fix seemed insanely high but thought perhaps I was just deluded and this was the new norm!

Thanks again Smile

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