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So Energy - renew or do nothing?

johnmann
johnmann Posts: 1 Newbie
in Energy
My electricity supplier (through the cheap energy club) So Energy have emailed asking me to renew my contract so that there are "no nasty surprises".  If I don't renew I go onto a variable tariff. The advice from Martin however is "do nothing".  Which is best?

Comments

  • bristolleedsfan
    bristolleedsfan Posts: 12,822 Forumite
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    edited 26 October 2021 at 7:41AM
    johnmann said:
    My electricity supplier (through the cheap energy club) So Energy have emailed asking me to renew my contract so that there are "no nasty surprises".  If I don't renew I go onto a variable tariff. The advice from Martin however is "do nothing".  Which is best?
    "do nothing" go onto a variable tariff will be a lot cheaper for winter months + have option leading up to Winter 2022 to shop around without facing exit fees .
    Octopus are giving same advice to customers of other suppliers



  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,594 Forumite
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    Do not renew.

    Do NOTHING :smile:

  • EssexHebridean
    EssexHebridean Posts: 25,639 Forumite
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    Octopus aren't even giving quotes through their website now - just two big warning screens that you should go to a variable price-capped tariff and then an option to call (or possibly email) for a quote. Full marks to them for honesty, at least, particularly in the light of some suppliers still trying to sell sneaky fixes. 
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  • Flight3287462
    Flight3287462 Posts: 1,195 Forumite
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    Every new customer would cost Octopus money, so they have decided not to take anymore on.

    Energy companies will be losing a lot of money just now and will expect to recoup those losses come the new price cap in April, which I suspect will be horrendous.
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