PfP Energy ceases trading - here's everything you need to know

Verdigris

(when hopefully the gas pipe issue in France is fixed).

It isn't a gas pipe, it is a high-voltage direct current interconnector that normally carries 1GW of power (half a nuclear power station's worth).

rosiewastaken

euronorris said:

All tariffs went up overnight, and a lot of fixed rate ones disappeared. But I've just had my contract through from BG, confirming the Tariff (Price Promise April 2022) and it's actually cheaper than any other I can get on the market at the moment (based on our usage). Still a big jump from what we were paying, but over £25 pm cheaper than the next cheapest option on the market. As the price is fixed until April, we are going to stick with BG for the time being and see how the land lies in April (when hopefully the gas pipe issue in France is fixed).

After a lengthy chat with BGas about the fixed-ness of this tariff and pressing on them why it says 'tariff type - variable' on the contract, they advised this tariff IS actually variable (after confirming it was fixed on three separate occasions!). Their fixed tariff is MASSIVE so I'll be switching today.

Verdigris

Isn't the April 22 deal more-or-less at the cap price? That is becoming a bargain, in the present market conditions. It will jump massively, almost certainly, in April, when the new cap is fixed.

rosiewastaken

I was actually quite shocked that it took a good half an hour to get BGas to admit their tariff was variable and not fixed. Here is a chat extact, BGas in bold. And this was after being told twice that it was fixed further up the convo...

Can you please confirm the tariff which is mentioned in the contract which you have recived

Yes it is fixed traiff

Price Promise Apr 2022

the amount won't vary .

ok thanks

It is as cheap as the variable tarifs I have seen and cheaper than all the fixed ones which is

why i was concerned

Yes price promise is not the fixed tariff it is an variable direct debit

what does the variable bit refer to?

With a variable price tariff your energy prices may increase or decrease at any time, but we’ll

let you know 30 days before we increase your prices.

yeah i get that, what I'm looking for is a fixed tarif

i don't want a variable tarif

Yes, you can set the account on fixed tariff but as of now would request you to please wait till

the account is completely set with us, once the account is completely set and the supply starts

rosiewastaken

Verdigris said:

Isn't the April 22 deal more-or-less at the cap price? That is becoming a bargain, in the present market conditions. It will jump massively, almost certainly, in April, when the new cap is fixed.

I am finding the whole situation very confusing. I was told prices could vary but with 30 days notice.

Verdigris

Well, you'll get at least 30 days at that price and things may have calmed down a bit by then.

I'm actually trying to cancel a switch to Green, that I started within hours of PfP going bust, because I think BG looks the more stable option.

Caveat: I'm not looking for a fixed deal, unusually, because I will be moving in the next few months, so don't want to get hammered for an early exit fee on top of evreything else.

rosiewastaken

There is that worry of going to a new or smaller company that we'll be in the same position shortly what with lots of smaller firms going into administration... not even Martin could advise the best route, only to expect huge increases regardless of decision...

Stompa

rosiewastaken said:

After a lengthy chat with BGas about the fixed-ness of this tariff and pressing on them why it says 'tariff type - variable' on the contract, they advised this tariff IS actually variable (after confirming it was fixed on three separate occasions!). 

According to the T&Cs:

The price of your tariff won’t go up or down unless you change your tariff, change how you pay us (for example you stop paying by Direct Debit) or the government or regulator does something or plans something that means the price must change. For example, changing the amount of VAT we must charge. We’ll contact you if there is a change to your price.

ditta

Did anyone receive an e-mail to reset their password and setup the British Gas account?

ditta

It feels like the longer can stay on variable tariff or even short term fixed to weather the gas price fluctuations might be better to then lock in a better tariff next year. Just thinking out loud.