Scottish power.

Waltzer1

I have been with Scottish quite a few years.
im a low user,single occupier,I’m fixed until April 2022 and pay budget account £40 per month,at present I’m £116 in credit.
Scottish power have just offered a new fixed price budget account for &49 per month fixed until April 2023.
Any advice,stay or change,as Martin says in his programme do nothing

emmajones1976

Ignore how much per month they are asking you to pay, energy has and never will be "all you can eat for a fixed price".

Look at the unit prices and standing charge prices, it is likely to be higher than the Ofgem cap.

wittynamegoeshere

Repeating the advice above, don't even glance at the monthly payment - you need to look at the per unit charges for gas and electricity, together with the daily charges for each.

Monthly payments can be revised upwards, even during a fixed tariff.  The per unit prices are fixed, the monthly payment is always variable whatever the tariff.

Scottish Power are not generally very honest with their customers, you may need to dig to find the actual prices.

jammy_dodger

im  in a  similar  situation  Walzer1  i  must  say  ive  been  with  scottish  power  for  a  few  years  and  always  found  their  tarriffs  to be  the  cheapest  for  me  i    pay  29  per  month  and  am  in credit  a  bit  too 
rightly  or  wrongly  ive  taken the plunge  and  opted  for  their  offer    to  fix  until  april  2023   saves  me  hunting  for  a  tarrif  when  my  current  offer  comes  to  an  end  in  April.   but  energy  prices  are  a  minefield   they  dont  make  it  easy  for   you , looked  at   uswitch  and  theres  not  a  lot  out  there   to   cpmpare  with 

emmajones1976

They love customers like you then at the moment, paying more for no reason. Still, your call.

Waltzer1

Just been looking at the new charges from Scottish Power,fixed April 2023
elec standing charge18.08
elec Rate.                  21.40
gas standing.             17.54.    P
gas. Rate.                     4.35

elec standing up by.      2.42
elect rate up by.             4.13
gas standing up by.        1.88.  P
gas rate it by.                  1.24

not sure how this compares to ofgem cap prices

sorry to bore everyone,but trying to get my head around it all!

tim_p

Waltzer1 said:

Just been looking at the new charges from Scottish Power,fixed April 2023
elec standing charge18.08
elec Rate.                  21.40
gas standing.             17.54.    P
gas. Rate.                     4.35

elec standing up by.      2.42
elect rate up by.             4.13
gas standing up by.        1.88.  P
gas rate it by.                  1.24

not sure how this compares to ofgem cap prices

sorry to bore everyone,but trying to get my head around it all!

So what’s your actual annual usage for gas and electric?

Waltzer1

The quote stated my standing order would increase To £49 per month from £40 per month,assuming my annual usage remains the same

Gas 3662 kwh
elec.1380 kWh

tim_p

Waltzer1 said:

The quote stated my standing order would increase To £49 per month from £40 per month,assuming my annual usage remains the same

Gas 3662 kwh
elec.1380 kWh

£49 seems right then. Use more and it’ll cost more, use less and it’ll cost less. 

rp1974

To be blunt OP stay where you are for the present,your unlikely to find much,if any better now or in the near future.
Almost choked me saying that as it's Scottish Power were discussing.

Start taking a look around about two months before your fix ends,stop worrying about it until then.

Any other advice closer to that time will most probably be made available in the forum.

Saligra

We now pay £154 per month on a dual energy fixed rate until April 2022. Scottish Power have offered us a switch NOW to £175 per month, fixed until April 2023. If we do not switch SP say our costs would be £275 per month after current fix expires. This seems like blackmail but the thought of another £120 per month is very worrying.  But Martin says do nothing.  Really confused! Any thoughts or advice out there please?