British gas fixed rate 2011

GOLFER

Hi everyone

Im currently getting gas and elec through British Gas. I have looked at changing supplier and have been advised if i want to get out this contract it will cost me £70 for gas and £30 for elec.

Current usage is 23000 kwh for gas and 4950 kwh for elec. On the uswitch sites i have been told i could get it for around £1200 combined when im currently paying around £1500 so saving region of £300+.

What i was wondering if anyone has had the get out costs waived if they stay with British Gas. Because im fed up paying over 10% more than the standard prices with British Gas.

So if anyone has any ideas who have good prices just now i would be gratefull for advice.

Thanks

Golfer

PS- Im in the post code area of ML2

Cardew

I would see if they will waive the exit charge if you switch to BG web saver.

I suggest you write and ask the question.

In any case if you can get it £300 a year cheaper elsewhere, I would certainly move as you will break even in less than 4 months(with winter coming up).

kippen_noedel

Most experts are predicting a price rise early next year, think twice about switching.



Under no circumstances am I saying don't switch but at least consider the scenario of how prices might move over the next couple of years and there effect on your outlay.

GOLFER

So if i do decide to switch you would recomend i take a fixed rate or at least a capped rate.

many thanks

kippen_noedel

Scottish Power are advertising the longest capped rate on the market but read the small print.

for example, find out if prices come down 10%, do you get a 10% reduction or is it just a line that says you get a reduction at their discretion. & of course with all term contrcts what would be the exit penalty.

don't base any switch away on the amount you save in £s, rather base it on the % you save. On the figures you gave prices will have to rise by over 25% for you to lose out on a switch. roughly 7.5%pa