My fixed energy deal expires Oct 1st: What to do?

pred02

Hi,

I am currently with EDF energy under the Welcome GNE Variable v5 RATE (Electricity: 12.19p/kwh, Gas: 6.569p/kWH) which expires Oct 1st. Due to the current crisis I am not finding many fixed energy deals. Should I switch providers, stay on EDF on variable rate or what?

The deals I am finding is likes of Bulb (electricity: 23.30p/kWH, gas: 26.11p/kWH)

I did upgrade my boiler last month to more efficient one, have an old meter should I at least upgrade to a Smart Meter?

Thanks

george4064

I believe the best thing to do is to stay with your current provider and do nothing, which means your current provider should move you onto their standard variable tariff.

Ectophile

I would recommend sitting back and chilling out for the time being.

There are no good fixed price deals out there.  Many are more expensive than the standard variable tarriff.  The standard variable tarriff is going to be pretty much the same whichever supplier you're with, because it will be at the Ofgem cap.

QrizB

Another vote for you rolling over onto the variable tariff.

If you think you might be interested in "smart meter only" tariffs in future, you might want to get EDF to install one well in advance of your next planned switch.

pred02

Ectophile said:

I would recommend sitting back and chilling out for the time being.

There are no good fixed price deals out there.  Many are more expensive than the standard variable tarriff.  The standard variable tarriff is going to be pretty much the same whichever supplier you're with, because it will be at the Ofgem cap.

Isn't the cap going to go up on Friday?

Ultrasonic

pred02 said:

Ectophile said:

I would recommend sitting back and chilling out for the time being.

There are no good fixed price deals out there.  Many are more expensive than the standard variable tarriff.  The standard variable tarriff is going to be pretty much the same whichever supplier you're with, because it will be at the Ofgem cap.

Isn't the cap going to go up on Friday?

Yes, but the point made stands.

QrizB

pred02 said:

Ectophile said:

I would recommend sitting back and chilling out for the time being.

There are no good fixed price deals out there.  Many are more expensive than the standard variable tarriff.  The standard variable tarriff is going to be pretty much the same whichever supplier you're with, because it will be at the Ofgem cap.

Isn't the cap going to go up on Friday?

Yes but because a switch takes 14 days, the tariffs on the comparison sites already reflect the October cap (and have done for almost a fortnight).

Ectophile

pred02 said:

Ectophile said:

I would recommend sitting back and chilling out for the time being.

There are no good fixed price deals out there.  Many are more expensive than the standard variable tarriff.  The standard variable tarriff is going to be pretty much the same whichever supplier you're with, because it will be at the Ofgem cap.

Isn't the cap going to go up on Friday?

Yes it is, and all the fixed rate tariffs on offer now have already taken that into consideration.

MWT

Ectophile said:

pred02 said:

Ectophile said:

I would recommend sitting back and chilling out for the time being.

There are no good fixed price deals out there.  Many are more expensive than the standard variable tarriff.  The standard variable tarriff is going to be pretty much the same whichever supplier you're with, because it will be at the Ofgem cap.

Isn't the cap going to go up on Friday?

Yes it is, and all the fixed rate tariffs on offer now have already taken that into consideration.

The cap has no effect on the fixed rate tariffs...