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SoLR- when does the new tariff take effect

pavacava
pavacava Posts: 28 Forumite
Fourth Anniversary 10 Posts
When an energy company fails, when does the SoLR new tariff take effect? The day when your old company folded or the day the new company provides you with the tariff?

Comments

  • bagand96
    bagand96 Posts: 6,403 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    In past experience it is the day the SoLR is appointed. 
  • bagand96 said:
    In past experience it is the day the SoLR is appointed. 
    Correct - there is no free energy to be had. Even if the deemed tariff matches the new Ofgem cap, the supplier can charge at that rate from its appointment as the tariff will have been proved by Ofgem as part of the SoLR appointment process. It is fixed for 6 months. The SoLR reverts back to being a normal supplier after 6 months.
  • pavacava
    pavacava Posts: 28 Forumite
    Fourth Anniversary 10 Posts
    Excellent thanks. I will take a photo of the meter when the new supplier has been announced.
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