Scottish Power -end of 2 year fixed electricity

System

mro wrote: »

What happened at end of my 2 year fixed tariff with Scottish Power, they automatically transferred me/people from that tariff to a closed 1 year special year fixed tariff, closed ie. not available to others, called Basic Fixed January 2019 tariff.

This tariff is the cheapest tariff available for my usage & slightly cheaper than the Standard variable tariff.

Scottish Power now at end of a fixed tariff by default transfer you to cheapest fixed tariff, not Standard Variable as previously.
In this case they transferred me to a special tariff they specially created.


After logging into my electricity account, I had been transferred to above tariff.
But I also then received an online offer to extend this tariff for an extra 20 months at same rates to end of 2020
on Fix for Longer September 2020 tariff.
Again another closed tariff not available to others.

I should be fixed for 2 years 8 months. (32 months)

No supplier is going to offer long fixes that it believes will end up costing them money. Before you commit yourself, I would suggest that you carry out a full market comparison. Three things to bear in mind, one, suppliers are only offering tariffs slightly below the SVT because of a possible cap; two, the wholesale cost of energy now accounts for about 40p in every £ that we pay and, three, not only will you pay more for each of the three years but you will also miss out on 2 years of possible cashback.