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Incorrect TV info

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Watched the Martin Lewis programme last night where he said the variable tariff was the cheapest and NOT to go for a fixed tariff as it was much more expensive. This was incorrect because I was invited onto a fixed rate tariff which will work out cheaper than the existing variable rate. I double checked using the tariffs for 365 days at Standing Charge rate, Daytime rate and night time rate for each unit (kilowatt). Calculated it at £130 cheaper for the coming year.

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  • MWT
    MWT Posts: 10,273 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    edited 8 October 2021 at 1:25PM
    Watched the Martin Lewis programme last night where he said the variable tariff was the cheapest and NOT to go for a fixed tariff as it was much more expensive. This was incorrect because I was invited onto a fixed rate tariff which will work out cheaper than the existing variable rate. I double checked using the tariffs for 365 days at Standing Charge rate, Daytime rate and night time rate for each unit (kilowatt). Calculated it at £130 cheaper for the coming year.
    Care to give some details on this minor miracle? :)
    If it is with Neon Reef then don't bother though, and I am sure Martin has similarly discounted them in his comments...

  • QrizB
    QrizB Posts: 18,320 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    That's very nice.
    Which tariff and which supplier?
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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