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Neon Reef - any views?
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I can't see how this 'exclusive' fix is worth the risk. It's 26% more than the current cap. The current cap is predicted to rise 32% in October. So if you don't fix, you get 5 months at 100% of what you pay now then 7 months at 132% = 118.67% vs 126% on the fixed deal over the 12 months. This assumes prices don't increase again next April. Even if they do, according to my maths they would have to increase by more than 33.3% for you to benefit at all from the fixed deal.
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Stuart42 said:I can't see how this 'exclusive' fix is worth the risk. It's 26% more than the current cap. The current cap is predicted to rise 32% in October. So if you don't fix, you get 5 months at 100% of what you pay now then 7 months at 132% = 118.67% vs 126% on the fixed deal over the 12 months.That doesn't take account of the higher use in winter vs. summer.Households vary but in my case I use roughly twice as much gas and electricity in Oct-Mar as I do Apr-Sep.For my household, May-Sep at 100% plus Oct-Apr at 132% gives a weighted average much closer to the 126% of the fix. (It's a moot point for me as I'm not with BG.)Edit to add:Compating the BG fixed tariff details from this post to the SVT and assuming a SVT increase of 32% in October, I get, for my household for next 12 months.:
- SVT: £1665
- BG fix: £1716
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!1 - SVT: £1665
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BUFF said:yes, just this afternoon. For me it is ~16% uplift from current SVT - almost tempting for the certainty plus the "No exit fees for switching to another British Gas tariff." should a cheaper one be available.0
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Good point well made!That doesn't take account of the higher use in winter vs. summer.
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Patr100 said:BUFF said:yes, just this afternoon. For me it is ~16% uplift from current SVT - almost tempting for the certainty plus the "No exit fees for switching to another British Gas tariff." should a cheaper one be available.1
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brewerdave said:Patr100 said:BUFF said:yes, just this afternoon. For me it is ~16% uplift from current SVT - almost tempting for the certainty plus the "No exit fees for switching to another British Gas tariff." should a cheaper one be available.I think Octopus are taking customers on. If you can't get onto Flexible, Tracker is currently a decent deal (and you should be able to switch to Flexible after joining).Try an email to them?N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.Not exactly back from my break, but dipping in and out of the forum.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!1 -
I switched from SSE(deemed tariff) to Octopus Flexible in early April via telephone, and am now on the Go tariff.
Regards
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brewerdave said:Patr100 said:BUFF said:yes, just this afternoon. For me it is ~16% uplift from current SVT - almost tempting for the certainty plus the "No exit fees for switching to another British Gas tariff." should a cheaper one be available.0
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Stuart42 said:I can't see how this 'exclusive' fix is worth the risk. It's 26% more than the current cap. The current cap is predicted to rise 32% in October. So if you don't fix, you get 5 months at 100% of what you pay now then 7 months at 132% = 118.67% vs 126% on the fixed deal over the 12 months. This assumes prices don't increase again next April. Even if they do, according to my maths they would have to increase by more than 33.3% for you to benefit at all from the fixed deal.
However, like others I have run some nos. & whilst the offer for me (electricity only with BG) works out at ~+16% on an annual basis that's roughly the equivalent of the current SVT until October & then a 27% rise on current SVT. Like others I use more energy over winter (central heating pump & lights in the case of electricity).
& as also mentioned it does keep you more tied in with BG at the cost of a £75 exit fee.
All in, atm my thinking is to wait until later. As a low user of electricity (~1150kWh/year) I can afford the risk as we are only talking a few tens of pounds difference. It's another massive jump (i.e. doubling) in gas that I would dread.0 -
Has anyone been billed from their last NR bill up to when they went into administration/SOLR?
I was informed back in February by the administrators/NR that closing statements were being released in batches and would be notified once released and provided with a PDF copy. Still not heard anything.
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