First-Utility iSave Fixed January 2018

chris_h16

Hi
We are currently on First-Utility iSave Fixed v27 September 2015 and just received an email asking if we want to go onto First-Utility iSave Fixed January 2018.

Is it worth it?

JJ_Egan

Compare the tariff rate with your current rate and see if you think the extra is worth betting on rising energy prices .
Currently static to slightly downward .

chris_h16

Hi
The email received has different unit prices to what my account says.

Current:
elec 11.910p kWh
standng charge per day 17.85p

gas 3.460p kWh
standing charge per day 17.85


isave fixed jan 2018
elec 13.809p kWh
standng charge per day 18.95p

gas 4.078p kWh
standing charge per day 18.95p

JJ_Egan

isave fixed jan 2018
elec 13.809p kWh
standng charge per day 18.95p

gas 4.078p kWh
standing charge per day 18.95p

Looks a good price key for me would be penalties for early termination in case prices dropped .

chris_h16

I think it's £30 each

Swipe

I'd stick with the current one. They tried this one with me. You are already on a fix until Sept 2015. By changing tariff you are just throwing away that current fix of nearly 12 months for a higher unit charge. Then in 18 months time they'll probably ask you to change again to a longer fix but with a higher charge and so on and so on.

kenville

chris_h16 wrote: »

Hi
The email received has different unit prices to what my account says.

Current:
elec 11.910p kWh
standng charge per day 17.85p

gas 3.460p kWh
standing charge per day 17.85


isave fixed jan 2018
elec 13.809p kWh
standng charge per day 18.95p

gas 4.078p kWh
standing charge per day 18.95p

Your bill - based on the new kwh - will increase by 16-18%. I personally think that's excessive. The price on wholesale markets has been declining and I'm not sure how much more energy companies can keep doing big price rises.

Becky13

I've had a similar offer, but they've given me a choice of two deals and they've given me a different unit price to the one Chris mentioned:

Current rate: No price rises for: 11 months Tariff Comparison Rate (Electricity) p/kWh 13.89 Tariff Comparison Rate (Gas) p/kWh 4.05

iSave Fixed October 2016: No price rises for: 24 months Tariff Comparison Rate (Electricity) p/kWh 16.05 Tariff Comparison Rate (Gas) p/kWh 4.40

iSave Fixed January 2018:
No price rises for: 37 months Tariff Comparison Rate (Electricity) p/kWh 16.39 Tariff Comparison Rate (Gas) p/kWh 4.56

Confusing...

Pincher

They are just trying it on. A cheaper short term fix is coming, so they are rounding up some mugs before releasing that one.


How high do prices have to go for this long fix to be worthwhile?

Nada666

Becky13 wrote: »

I've had a similar offer, but they've given me a choice of two deals and they've given me a different unit price to the one Chris mentioned:

Current rate: No price rises for: 11 months Tariff Comparison Rate (Electricity) p/kWh 13.89 Tariff Comparison Rate (Gas) p/kWh 4.05

iSave Fixed October 2016: No price rises for: 24 months Tariff Comparison Rate (Electricity) p/kWh 16.05 Tariff Comparison Rate (Gas) p/kWh 4.40

iSave Fixed January 2018:
No price rises for: 37 months Tariff Comparison Rate (Electricity) p/kWh 16.39 Tariff Comparison Rate (Gas) p/kWh 4.56

Confusing...

Those are not unit rates, they are tariff comparison rates, that is, they factor in the standing charge and are only for an average user.

That is, for electricity, 3,200 x actual unit rate plus 365 x daily standing charge then divided by 3,200