Switching tarrif Scottish power

Mikey17

Hi, I am currently with Scottish power on a fixed online Nov 2016, there are no exit fees.
According to them if I switch to fixed Apr 2017, I will save £250, although it says my monthly payments will go down £12 a month, so I can't see how that saves £250 a year.
Uswitch say I will save £213.
The new tarrif will have exit fees of £30 per fuel.
My question is, because Scottish power have announced a % 5 cut in gas , due around the 12 March should I hang on for an even better deal. They seem to bring a new tarrif out nearly every month.
Thank you

CashStrapped

You can still switch to other scottish power tariffs without an exit fee.

The fee is just for switching to another company/provider.

Furthermore the headline rate cuts always apply to standard rate tariffs which are always more expensive than 1yr fixes anyway, so the 5% cut would not affect you.

If a new scottish power comes out that is cheaper than the april, you will be able to switch to it without any problem.

Mikey17

Dear CashStrapped, I could not have wished for a better answer. Many thanks indeed. I will switch tariff tomorrow.
I had reservations about posting my question, but I am so glad i did.
Thank you very much :T

dmoyes

Just wondered if you could swap from a tariff with exit fees to one without... and then change/exit without charge?

CashStrapped

Yes, that is an option