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Deemed supply after house move

We are possibly about to make an offer to an “all electric” property so the current increase in energy prices is a consideration.  Can I confirm that even with E7  the “deemed supply”  KWh rates the incumbent supplier will put us on can be no more than the cap, and that we can just stay on that unless/until a cheaper rate becomes available - hopefully sometime in summer 2022

Comments

  • MWT
    MWT Posts: 10,283 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Correct, you will be on a capped tariff.
  • Yes but with the caveat the cap will most likely increase a lot in April. We will all have to move over to electric, however I pressume most would install a electric boiler, what system is installed?
  • st3v31963
    st3v31963 Posts: 16 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    It’s underfloor dry heating, with additional ceiling heating for the really cold days.  Fortunately the house has good thick walls, double glazing etc.  There are 8 other owners in the development (a 90’s refurb/rebuild of a country house)  so there I think would be scope for some kind of communal approach to the installation of a ground source heat pump
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