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Standard Variable Tariff, hardly anyone is offering it.

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  • BikingBud
    BikingBud Posts: 2,541 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    As SVR are not being offered currently if you move house and have a deemed supplier can they force you onto a 2 year fixed deal, 6.3p v 3.9p with a £50 exit fee?  

    As the deemed supplier should it sit at the SVR?

    How should this be approached?
  • BikingBud said:
    As SVR are not being offered currently if you move house and have a deemed supplier can they force you onto a 2 year fixed deal, 6.3p v 3.9p with a £50 exit fee?  

    As the deemed supplier should it sit at the SVR?

    How should this be approached?

    I'm sure that would be a situation where you would still be put on the SVR.
  • BikingBud said:
    As SVR are not being offered currently if you move house and have a deemed supplier can they force you onto a 2 year fixed deal, 6.3p v 3.9p with a £50 exit fee?  

    As the deemed supplier should it sit at the SVR?

    How should this be approached?
    It will stay at the SVR (Deemed Tariff) until you agree to another tariff with the deemed supplier, or switch away. Suppliers are not permitted to put consumers on to any fixed deal (irrespective of exit fees) without the consumer's permission.

    The approach that I would take is one of contacting the supplier to the new property with meter reading/s and my details and that would be the end of the discussion.

    Getting back to the original discussion there is nothing that I can see in the Regulations that requires suppliers to offer any particular tariff to customers that are switching. The switching process is a simple contract between two parties. The supplier makes available the tariffs that it is prepared to offer and the person wanting to switch either accepts the offered tariffs or looks elsewhere.
  • BikingBud
    BikingBud Posts: 2,541 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 27 September 2021 at 11:20AM
    I'm just tracking as the SVR increase from 1 Oct is to about 4.04p

    Sorted and account started at SVR.

    Didn't get into the why's and wherefore of only offering me fixed rates but sit at SVR seems like the best option currently.  
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