who else took the gamble and didnt switch to a fixed product

elektra

I kind of did both ...
left gas with ebico. Left elec with SP but switched to 2011 fix.

Just done an example quarter with new prices and fixed prices and I would have paid approx £14 more with the new price. It was approx 22.5% unit rate increase ( no increase in daily standing charge). So happy with the switch. Also happy with SP billing system.

22.5% increase considerably more than average 9% quoted in press !

culpepper

we are with eon online energy watchamacallit.
I decided not to switch to a capped deal as we would have had to pay quite a bit more immediately we switch.
As the kids are both off to uni next month, I think we will be using significanlty less power anyway (no all night gaming/surfing,washing machine on every day lights on all night etc).

Cardew

1carminestocky wrote: »

If you accept fixing IS a gamble (and that's clear you do) then to be absolutely accurate the penalty charges for moving to another tariff/supplier before the end of the period of fix IMO should be included in any 'premium on standard tariff' discussion.

I have just stated above that fixing IS a gamble, and have said it many times over the past few years - so of course I "accept" it is a gamble

Obviously any leaving penalty is a factor to be considered when considering the potential losses in your decision against the potential rewards.

If your post is alluding to the BG April 2010 fixed tariff, then that was simply a gamble as well, in my case based on a 'gut feeling' rather than any form of analysis and the peace of mind of knowing what I would be paying for the next four and a half years.

I am not clever enough to predict the future and neither is anyone else on this Board.

As I stated 3 years ago in the thread on BG 2010 I will be delighted if prices drop from now on and it turns out that my gamble doesn't pay off as it will mean that I won't be faced with a huge leap in my tariff on 01 May 2010.

1carminestocky

Cardew wrote: »

1) I have just stated above that fixing IS a gamble, and have said it many times over the past few years - so of course I "accept" it is a gamble

Obviously any leaving penalty is a factor to be considered when considering the potential losses in your decision against the potential rewards.

If your post is alluding to the BG April 2010 fixed tariff, then that was simply a gamble as well, in my case based on a 'gut feeling' rather than any form of analysis and the peace of mind of knowing what I would be paying for the next four and a half years.

2) I am not clever enough to predict the future and neither is anyone else on this Board.

As I stated 3 years ago in the thread on BG 2010 I will be delighted if prices drop from now on and it turns out that my gamble doesn't pay off as it will mean that I won't be faced with a huge leap in my tariff on 01 May 2010.

1) I know you do, I would have thought my If you accept fixing IS a gamble (and that's clear you do) comment would have alluded to this. Maybe the fact that we have clashed in the past has heightened your sensitivity with reagrd to my posts. My comment meant you no ill-will on this ocassion.

2) There's a poster who works for BG who clearly believes they ARE clever enough to predict the future.

MrBlonde wrote:

Imo the PG2009 on electricity is a definite saver over the next year and a half.

http://forums.moneysavingexpert.com/showpost.html?p=13600251&postcount=8

SHIPSHAPE

moonrakerz wrote: »

I didn't gamble - I put my money on a certainty !

I had my cavities filled (walls - not teeth!) and another 6" of fibre glass in the loft. That seemed a better way to save money that paying a premium on my existing prices !

And always get your boiler serviced. It is quite amazing what needless energy some inefficient boilers use.

Cardew

SHIPSHAPE wrote: »

And always get your boiler serviced. It is quite amazing what needless energy some inefficient boilers use.

Could you please explain how a boiler service improves the efficiency of boilers?

e.g.
How do they measure efficiency?

What do they adjust to improve efficiency?

Certainly on the 2 boilers I currently have in my property(an Ideal and a Worcester combi) the full servicing manual gives no monitoring of efficiency and no adjustment of anything that affects efficiency.

Watching over the years a whole stack of BG and other Corgi fitters service all my boilers in several properties, they stick to exactly the servicing schedule, which is as above; basically check for leaks and cleaning.

SHIPSHAPE

Cardew wrote: »

Could you please explain how a boiler service improves the efficiency of boilers?

e.g.
How do they measure efficiency?

What do they adjust to improve efficiency?

Certainly on the 2 boilers I currently have in my property(an Ideal and a Worcester combi) the full servicing manual gives no monitoring of efficiency and no adjustment of anything that affects efficiency.

Watching over the years a whole stack of BG and other Corgi fitters service all my boilers in several properties, they stick to exactly the servicing schedule, which is as above; basically check for leaks and cleaning.

Of course.

Your Corgi and BG fitters are cleaning out the deposits that build up inside the boiler and system which reduce the efficiency of your system which in turn makes it work harder to do its job and thus use more gas to do so-hence bigger gas bills.

I also believe servicable items are replaced too and I guess efficiency is measured by how much gas should be used for your boiler to run properly.

I'm sure somebody better qualified will also answer.

Gambler

I'm in the middle of a switch from BG click 5 to SP fixed Oct-09 but I'm still not convinced. The Gas I'm okay with but even if click 5 elec rates go up 9% I will still be paying 25% more ! Can I cancel the elec fix with SP and just keep the gas fix? And is click 5 a dual only tariff?

Thanks

sleepless_saver

culpepper wrote: »

As the kids are both off to uni next month, I think we will be using significanlty less power anyway (no all night gaming/surfing,washing machine on every day lights on all night etc).

One of ours went away to uni and the elec bill is now £30 a month less :beer:.

Voyager2002

craggs wrote: »

im with SP,im on online 4,,i decided not to price fix and take a gamble

so far on this price rise ive saved not going on the fix 2009 with sp (which was cheapest price fix for me)

gas only just but electric was going to cost me almost 6p for tier one and 2p tier two,,the new prices see both my tiers going up by less than a 1p,,so far so good.

Just would like to hear from anyone else who took the gamble

Nor me.

The predictions were that prices would rise by up to 40 per cent. At the time I explored this option, switching to the cheapest available fixed/capped tariff would have meant an immediate 40 per cent price rise compared to my expenditure with Ebico. So it was really a no-brainer.