Switching help

AndyPK

Yeah I don't want to go on about it either. But I will ask you to think of 2 questions.

1) Have you heard in the news that energy prices are likely to drop in the next 6 months?
2) If prices were to drop. Lets say by 2p/kwh. How much money would you loose over 3 months?

Richie7

AndyPK wrote: »

Yeah I don't want to go on about it either. But I will ask you to think of 2 questions.

1) Have you heard in the news that energy prices are likely to drop in the next 6 months?
2) If prices were to drop. Lets say by 2p/kwh. How much money would you loose over 3 months?

Totally irrelevant to me now. And prices will never drop.


The way I see it, and the only way I need to see it, is that doing what I've done means my parents won't spend as much on electricity in the next 12 months as they would on a fixed rate. In 12 months time they may not even be at the property anymore.


As Bulb aren't stupid enough I'm sure to put up prices so high that everyone will just leave them - with no exit penalty. At least I'm banking on them not being! They'd go out of business.


And by the sounds of it, hopefully (should I need to), I actually get to deal with a company that isn't as inept as any of the big 6 when it comes to customer service. I've had enough of them.


Plus I'm helping the environment. Which probably won't matter to most, but it does to me.


I understand why people think fixed rate is the only way to go, but I think that's too much tunnel vision thinking.

macman

There are plenty of non-Big 6 suppliers offering fixed tariffs with a component of green energy. You are possibly right: they might pay more on a fix over 12m. Or they might pay less. You simply don't know. But, with a fix, you know exactly what you will pay now and for the next year. That's security and peace of mind, which is what most people on a limited retirement income want.

Richie7

macman wrote: »

There are plenty of non-Big 6 suppliers offering fixed tariffs with a component of green energy. You are possibly right: they might pay more on a fix over 12m. Or they might pay less. You simply don't know. But, with a fix, you know exactly what you will pay now and for the next year. That's security and peace of mind, which is what most people on a limited retirement income want.

There are. And their customer service records look to be abysmal. So I'd avoid like the plague, no matter how cheap they might be.


I don't dispute that about the fixed tariff's, but I am puzzled as to why people think a variable tariff is going to skyrocket way beyond a fixed tariff. It's not in the best interest of Bulb to skyrocket their only tariff so everyone leaves. And if they did, like I've said, I'll just leave for free and find another one. Whether it be fixed again or variable.


I'd forgotten that at the back end of last year I looked into some other tariffs and made a note of some of the charges. I never ended up doing anything in the end as my dad was taken into hospital at the end of the year. Looking at what I'd noted again earlier however, despite the increase in prices, there are still fixed tariffs available from some of the big 6 that are virtually the same price as they were in December. So come next year, if I decided to leave Bulb, I'm confident I could find another tariff not to different than what is on offer today. But in the meantime I should have paid less than I could have done.


Just seems sensible to me to do it this way. Even if others don't think so. But that's up to everyone else.