Moving house energy prices

jdsimmons3

Hi everyone. We have bought our first property and are due to move in around January.

Our current energy plan is for gas and electric £90 per month. This is fixed until April 2022

Ive been looking at prices for when we move and variable rates are £150 or £250 for a fixed rate!! I'm freaking out slightly. Can I call my supplier and tell them to change my deal over to my new address so I'm paying the same until April? Or is this worse as the prices in April will be even higher than what I'm finding now. I'm absolutely shocked how prices can be this high.

Robin9

jdsimmons3 said:

Hi everyone. We have bought our first property and are due to move in around January.

Our current energy plan is for gas and electric £90 per month. This is fixed until April 2022

Ive been looking at prices for when we move and variable rates are £150 or £250 for a fixed rate!! I'm freaking out slightly. Can I call my supplier and tell them to change my deal over to my new address so I'm paying the same until April? Or is this worse as the prices in April will be even higher than what I'm finding now. I'm absolutely shocked how prices can be this high.

Sorry no - your present fix is tied to your property (while you live there)  not you.

 On leaving read your meters and get a final bill.

At your new property ring the present supplier and give them meter reads - do not let them talk you into a new fix,

It's a stormy time for energy and likely to become worse come next April.

emmajones1976

Surely the dramatic rise in gas and electric prices, along with 20 companies going bust, can't have escaped your attention?

This is the new reality.

Nothing to add to the above OTHER THAN sometimes a supplier may let you move a fixed rate over to a new house, but this was in the old times where a supplier wasnt losing money hand over fist. It would also require you to register with the supplier in the new house first and then initiate a switch to your old one.  I cant see them agreeing to it this time though as they will be glad to be rid of your cheap fixed.

My bill has gone up 85%, it is what it is.

bagand96

jdsimmons3 said:

Can I call my supplier and tell them to change my deal over to my new address so I'm paying the same until April? Or is this worse as the prices in April will be even higher than what I'm finding now. I'm absolutely shocked how prices can be this high.

Even if you could move your current tariff to your new property (which as above is extremely unlikely) it wouldn't mean you are paying the same.... different property, different heating system etc would mean energy bills would be different. Could use more or less energy. 

You have to sign up with the existing supplier anyway as the minute you walk in you will have used their energy. Just make sure they out you on their standard tariff at the Ofgem price cap, don't be forced into an expensive fix. 

matelodave

I do understand your pain - buying your first place is a big step and now not helped by energy prices going through the roof. As said above, you cant transfer your existing deal and, even if you could, you'd still be getting a nasty increase when it finishes.

When you take over the keys (which may before you actually move in) you must read the meters and open an account with the incumbent supplier. For most people, the OFGEM price capped tariff is likely to be the cheapest - at least until April, when the price cap gets revised, so be careful that you aren't railroaded onto a fix.

Don't forget to read you meters when you move out, send in the readings to your existing supplier and close the accounts to avoid any problems (its also a good idea to download and save the past few bills, as insurance against any future queries)

jdsimmons3

Thank you everyone. I'm currently £200 in credit with my supplier!

I will call the company once we have the house and just see what happens. I was going to go fixed now as it might be worse come April? But perhaps I should wait it out and stick to the variable rate.

barker77

Octopus let you transfer tariffs - just incase you are with them and didn’t know! 

MWT

barker77 said:

Octopus let you transfer tariffs - just incase you are with them and didn’t know! 

Historically, yes, not so sure that they are still willing to do it now though, so do make sure before you rely on it...