Southern Electric

rickypatel89

Hey, I'm new to the site so go easy on me.

I'm current with Southern Electric for Gas & Electricity, on the Go Direct 5 product. My annual consumption of 17,000 kWh for gas and an annual consumption of 2,700 kWh for electricity. It's a large house.

I'm quite worried about the increasing prices so I decided to do some comparisons & looked at a fix tariff. I'm considering the EDF Fix Price 2014. It would cost me £162 more but I'm thinking bills are more likely to increase more than this?

Would anyone have any recommendations.

Thanks in advance.

Airmike23

I would do it! SSE do not have a fixed/capped deal to offer right now, GD5 is not like websaver 11 which was 22-30% cheaper than most of the other co's standard rates, and can absorb an incr and still be cheaper, as you may have noted from other posters on here with scot pow, altho the announced increases from 1st August are 10% elec 19% gas, these are averages, many customers have found actual increases anywhere up to 35-40%

macman

Suggest you also look at EDF Fixed Saver v2 for a shorter term (and much cheaper) fix to Sept 2012. Based on London rates, that will only cost you an extra 10% (£87 extra on your current rate of £888pa). But you'll need to be quick.
No-one has any idea where prices will be in 2014 (or even 2012), including the energy companies-we are all crystal ball-gazing.

rickypatel89

I've just called up Southern Electric to get my annual Gas & Electricity usage, Gas: 12697kwh, Electricity: 3752kwh.

When entering these in the comparison sites I'm putting in 13500kwh & 4500kwh respectively, just incase I use more in the future.

I'm now really torn between the EDF 1 year & 2 year fixes.

Can anyone advice me how much more of a premium I'm paying to fix.

Thanks.

macman

The comp site results show you the difference both in £ and in % terms.
There's no fixed premium to fix-the EDF 2014 fix obviously costs much more than the 2012 fix.
Generally the longer the fix, the higher the premium.
There is no 2 year EDF fix.