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Scottish Power - Capped Prices
steven07968
Posts: 158 Forumite
Ok, so the recommendation from Martin Lewis is to cap my prices ASAP.
Well, I'm currently on Scottish Power's "Capped Price Energy September 2011" deal, and they've offered to transfer me to the "Capped Price Energy January 2014 Offer v2".
However, if I maintain my current usage over the last 12 months, this will see my bill go up by £200 for the 12 months
I've done a comparison search, and other companies although cheaper, they do not offer such a long tie in. So, do I go for the savings with NPower, however, I'll have a fixed price till January 2013 instead of 2014 with Scottish Power.
EDIT:
I've rang round to get companies rates, and it seems like a no brainer to move to NPower for me. As I'll reduce my current bill by around £10 per year, but avoid paying an additional £200 a year with Scottish Power.
And I'll have to gamble that a better rate is available come January 2013, and that it won't cost me £600 more, as I'd therefore be no worse off
Well, I'm currently on Scottish Power's "Capped Price Energy September 2011" deal, and they've offered to transfer me to the "Capped Price Energy January 2014 Offer v2".
However, if I maintain my current usage over the last 12 months, this will see my bill go up by £200 for the 12 months
I've done a comparison search, and other companies although cheaper, they do not offer such a long tie in. So, do I go for the savings with NPower, however, I'll have a fixed price till January 2013 instead of 2014 with Scottish Power.
EDIT:
I've rang round to get companies rates, and it seems like a no brainer to move to NPower for me. As I'll reduce my current bill by around £10 per year, but avoid paying an additional £200 a year with Scottish Power.
And I'll have to gamble that a better rate is available come January 2013, and that it won't cost me £600 more, as I'd therefore be no worse off
0
Comments
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Not so, the MSE recommendation is to fix now, or to wait until everyone has announced their prices if you want to stay on a variable tariff.
The cheapest fixes left are the 2 from EDF.No free lunch, and no free laptop
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Not so, the MSE recommendation is to fix now, or to wait until everyone has announced their prices if you want to stay on a variable tariff.
The cheapest fixes left are the 2 from EDF.
Sorry, just put cap instead of fixed rate, no idea why...
The cheapest may well be EDF for yourself, but NPower is the cheapest fixed rate for myself based in Manchester.0 -
steven07968 wrote: »Sorry, just put cap instead of fixed rate, no idea why...
The cheapest may well be EDF for yourself, but NPower is the cheapest fixed rate for myself based in Manchester.
I am confused by this one, I just fed some readings into a Manchester post code and EDF 2014 was not only cheaper but a longer fix as well, any chance of you giving us your readings?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
steven07968 wrote: »
Well, I'm currently on Scottish Power's "Capped Price Energy September 2011" deal, and they've offered to transfer me to the "Capped Price Energy January 2014 Offer v2".
However, if I maintain my current usage over the last 12 months, this will see my bill go up by £200 for the 12 months
I don't see that mentioned on comparison websites. If so it could be a "maturity tariff". I would never trust a "maturity tariff" offer. If it is any good why is it not universally available?0 -
I am confused by this one, I just fed some readings into a Manchester post code and EDF 2014 was not only cheaper but a longer fix as well, any chance of you giving us your readings?
Yeah it is a longer fix, I wonder why that didn't come up then when I fed details into Simplyswitch and Engeryhelpline?
By readings, do you mean the annual usage? If so, then 466 units of gas and 3034 of electricity, in the M27 postcode.0 -
steven07968 wrote: »466 units of gas
is that all?0 -
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n power have not put the rates up yet . but will soon id say ......... from what i can see .:dance::dance::dance::dance::dance::dance::dance:0
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steven07968 wrote: »I'm going to double check with Scottish Power As it does seem ridiculously low. Just the 2 hour call queue that was putting me off getting back in touch with them.
EDIT:
Signed up online and checked my usage, which is as follows:
Gas - 14,539
Electricity - 3,113
Measured against the Scottish Power standard tariff (I can't find your actual one), I make it
EDF 2014 a saving of £114
EDF 2012 a saving of £187
NP 2013 a saving of £15'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Rates given:
Capped Price Energy January 2014 v2 Electricity (£) Daily Service Charge All/Day Units kWh 0.34340 0.11176 Gas (£) Daily Service Charge All/Day Units kWh 0.38830 0.03506
Which comparison did you use for that Stevie?0
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