Martin is right. Better to just go with variable rate

Mrnkar_2

Hi, I was previously moved to EDF when GNE went bust. I was moved with the same great deal I had with GNE.
This now ends tomorrow. I have been checking different suppliers etc but no great deals so decided to wait until after October price cap to check things again. Just checked again EDF to see if it was worth changing.
As you can see from the photo a huge difference on price for 2 year fixed than if I just go on the variable rate, which is not a lot more than I'm paying at present.
Think I'll stick to variable for now as I understand they can't increase prices until the next price cap in April and obviously can change if any better deals come on the market.

[Deleted User]

Unless you default from a fixed tariff to a capped variable tariff, then you will struggle to find any supplier that will offer the capped tariff to you. Why should they when it will lose them money? The other factor to think about is what will happen to the capped tariff in April 22. As the present Cap is a ‘loss leader’ then it is probably a safe bet that the April Cap will increase by a double digit amount. Costs of supplier failures will be included in the Cap review.

savers_united

Mrnkar_2 said:

Hi, I was previously moved to EDF when GNE went bust. I was moved with the same great deal I had with GNE.
This now ends tomorrow. I have been checking different suppliers etc but no great deals so decided to wait until after October price cap to check things again. Just checked again EDF to see if it was worth changing.
As you can see from the photo a huge difference on price for 2 year fixed than if I just go on the variable rate, which is not a lot more than I'm paying at present.
Think I'll stick to variable for now as I understand they can't increase prices until the next price cap in April and obviously can change if any better deals come on the market.

Whilst cheaper than the fixed tariff, still almost a 50% increase for you.

I would stick with the variable tariff until March and then take another look at where the market is heading. It will see you through the 6 months of higher gas usage, I struggle to see fixes getting any higher than where they are now as we come out of the colder months, especially if the winter is milder than predicted. 

Bendo

The other way to look at it is that is you had been proactive  a couple of weeks back, the decent Sainsbury's / Eon tariffs were available that would likely have worked out with about the same monthly but fixed for upto 2 years with no exit fee.

If the trend continues, the next cap rise in April is going to be huge.

Bendo

savers_united said:

Mrnkar_2 said:

Hi, I was previously moved to EDF when GNE went bust. I was moved with the same great deal I had with GNE.
This now ends tomorrow. I have been checking different suppliers etc but no great deals so decided to wait until after October price cap to check things again. Just checked again EDF to see if it was worth changing.
As you can see from the photo a huge difference on price for 2 year fixed than if I just go on the variable rate, which is not a lot more than I'm paying at present.
Think I'll stick to variable for now as I understand they can't increase prices until the next price cap in April and obviously can change if any better deals come on the market.

I struggle to see fixes getting any higher than where they are now as we come out of the colder months, especially if the winter is milder than predicted. 

I remember saying the same thing this time last year.

johnbhoy70

Bendo said:

The other way to look at it is that is you had been proactive  a couple of weeks back, the decent Sainsbury's / Eon tariffs were available that would likely have worked out with about the same monthly but fixed for upto 2 years with no exit fee.

If the trend continues, the next cap rise in April is going to be huge.

C'mon mate that's a bit harsh! I, myself, got on the 2 year Sainsburys a couple of weeks back but personally put it down to luck more than anything with regards to the timing of Avro going to the wall!! I was on here a couple of weeks back and watching the situation however even after initiating the move i was in two minds about it as my Avro deal was fixed till the end of January and was finding the thought of my  DD  going up by approx a quarter rather unpalatable. Avro going bust made that decision for me and in hindsight made it the right call. However, nobody knew when that was coming. That Avro thread was talking about them going for a good number of months till it actually happened.

Bendo

johnbhoy70 said:

Bendo said:

The other way to look at it is that is you had been proactive  a couple of weeks back, the decent Sainsbury's / Eon tariffs were available that would likely have worked out with about the same monthly but fixed for upto 2 years with no exit fee.

If the trend continues, the next cap rise in April is going to be huge.

C'mon mate that's a bit harsh! I, myself, got on the 2 year Sainsburys a couple of weeks back but personally put it down to luck more than anything with regards to the timing of Avro going to the wall!! I was on here a couple of weeks back and watching the situation however even after initiating the move i was in two minds about it as my Avro deal was fixed till the end of January and was finding the thought of my  DD  going up by approx a quarter rather unpalatable. Avro going bust made that decision for me and in hindsight made it the right call. However, nobody knew when that was coming. That Avro thread was talking about them going for a good number of months till it actually happened.

Wasn't intended to be harsh just an observation. Sounds like we both had similar time left on our Avro deals. I pulled the trigger on Sains 48 month fix a couple of days before Avro went. Knew it was a fairly big chance of happening but thought even if they survived, I'd end up with a net gain overall despite paying £35 / month more for 4 months.

johnbhoy70

Bendo said:

johnbhoy70 said:

Bendo said:

The other way to look at it is that is you had been proactive  a couple of weeks back, the decent Sainsbury's / Eon tariffs were available that would likely have worked out with about the same monthly but fixed for upto 2 years with no exit fee.

If the trend continues, the next cap rise in April is going to be huge.

C'mon mate that's a bit harsh! I, myself, got on the 2 year Sainsburys a couple of weeks back but personally put it down to luck more than anything with regards to the timing of Avro going to the wall!! I was on here a couple of weeks back and watching the situation however even after initiating the move i was in two minds about it as my Avro deal was fixed till the end of January and was finding the thought of my  DD  going up by approx a quarter rather unpalatable. Avro going bust made that decision for me and in hindsight made it the right call. However, nobody knew when that was coming. That Avro thread was talking about them going for a good number of months till it actually happened.

Wasn't intended to be harsh just an observation. Sounds like we both had similar time left on our Avro deals. I pulled the trigger on Sains 48 month fix a couple of days before Avro went. Knew it was a fairly big chance of happening but thought even if they survived, I'd end up with a net gain overall despite paying £35 / month more for 4 months.

Aye, fair enough mate. Sounds like similar logic to me. I didn't even look at figures between end of January and April cap but like you i'd imagine if they had survived i'd not be worse off by much, it at all, when cap kicked in. 

A major part of my thinking was the next cap too!!

SPOWER

What I don't get is why AVRO has the amout of customers that they did have.  Not once did they come up as being a cheap supplier.  Symbio, Neon Reef and PFP were the cheapest suppliers.  I check every month.  I have zero idea why it's getting the forum activity that it is.  Odd.

Neil_Jones

SPOWER said:

What I don't get is why AVRO has the amout of customers that they did have.  Not once did they come up as being a cheap supplier.  Symbio, Neon Reef and PFP were the cheapest suppliers.  I check every month.  I have zero idea why it's getting the forum activity that it is.  Odd.

Like all these things depends on usage (and what figures you bash into the comparison sites).  And not all suppliers appear on all comparison websites.  Avro probably did to attract the number of customers they had.that Octopus have inherited.

johnbhoy70

SPOWER said:

What I don't get is why AVRO has the amout of customers that they did have.  Not once did they come up as being a cheap supplier.  Symbio, Neon Reef and PFP were the cheapest suppliers.  I check every month.  I have zero idea why it's getting the forum activity that it is.  Odd.

You're right,in my case anyway, and i'll tell you why. When i joined them 3 year ago they were up their price wise and had excellent reviews for a smaller company. I changed tariff at least 3 times with them over the years with not one bit of bother. 

It probably boils down to, in my case, time versus reward. I could probably have saved up to £60/80 a year by moving to one of the lot you mentioned but to be honest i was put off by the reviews and i didn't want the hassle as i'm getting a bit lazy over the years. I had previous when i joined Coop Energy years ago and bailed quickly as it was a farce from the start even though they had great prices. They clearly at that time couldn't handle the demand