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Outfox the Market question.

I switched from Octopus to the above supplier about three months ago. With hindsight I wish I had stayed with Octopus, given the grim warnings circulating about smaller suppliers now.
However, it is what it is, and I would appreciate if members could advise what they think I should do now - hold fast and let events unfold, or proactively try and search out a reasonably priced fixed tariff while they are still available.
I'm a electricity only customer by the way, and a very low user of electricity.
Thank you.
«1

Comments

  • Verdigris
    Verdigris Posts: 1,725 Forumite
    1,000 Posts Third Anniversary Name Dropper
    If you're a low user a kWh price increase won't make so much difference. Is the OFTM daily charge low? What do you call low use; less than 2000kWh per annum?
  • Verdigris said:
    If you're a low user a kWh price increase won't make so much difference. Is the OFTM daily charge low? What do you call low use; less than 2000kWh per annum?
    Very low I suppose - 987 per annum.
    Rate is 15.8076p per Kwh and standing charge is 20.00p per day.
  • Verdigris
    Verdigris Posts: 1,725 Forumite
    1,000 Posts Third Anniversary Name Dropper
    That looks quite attractive, at the moment. I think I'd cross my fingers and hang on.
  • British gas are doing a year fixed for electric at 20p per kWh. its called zero fixed oct 2022. the zero part is that there is no standing charge, ideal for low users
  • Verdigris
    Verdigris Posts: 1,725 Forumite
    1,000 Posts Third Anniversary Name Dropper
    I thought all the no daily charge deals had all finished. How much is the early exit fee?
  • I have the same issue as OP.

    I use 10,500kWh for gas and 2,500kWH for elec - would this classify me as a low user? 
  • Verdigris
    Verdigris Posts: 1,725 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Well your gas is similar to mine but a bit more leccy. Lowish, perhaps.
  • Verdigris said:
    I thought all the no daily charge deals had all finished. How much is the early exit fee?
    No early exit charge
  • British gas are doing a year fixed for electric at 20p per kWh. its called zero fixed oct 2022. the zero part is that there is no standing charge, ideal for low users
    Many thanks for the information. I did find the tariff, but the British Gas website tells me that, based on the information I gave, the only tariffs they currently sell on their site are....
    • HomeEnergy Secure Nov 2023v2   

    • Green Future Nov 2023v2

    Oh well, will probably stay with OTM and see how things pan out.
  • alanjones60
    alanjones60 Posts: 561 Forumite
    Tenth Anniversary 500 Posts Name Dropper
    edited 21 September 2021 at 5:15PM
    If you ring them they will put you on it,saw a post on here about it
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