Energy deal runs out at the end of March 2022 - Advice please?

[Deleted User]

Hi,

have you day/night usage for the last year?

Are you billed for two different rates, or all units same rate?

QrizB

SPMR said:

QrizB said:

We'll knoow the new April SVT cap in about four weeks; you might want to wait until then before making a decision!

It's quite unusual to have gas and E7 but I guess you realise this and there's a good reason?

Hi pal, I may have my terminology mixed hence your comment about it being unusual? I assume it's E7 based on the fact I have day and night readings. The actual electricity meter that I have is this one:
...
Is it not normal practice to have this kind of meter when I use a Combi Boiler for heating and hot water? The meter was present in the house when brought it 6 years ago.

E7 has a cheaper rate for seven hours at night and a more expensive one during the daytime. While the exact proportion will vary between tariffs, if you use more than about 25% of your electricity on the night rate you'll be better off on E7; otherwise, you're better off on a single-rate tariff.

You can have a single-rate tariff with an E7 meter; both rates are then charges at the same unit price. The only potential pitfall here is if you switch suppliers and your new supplier puts you on an E7 tariff as that matches your meter details on the national database.

All the tariffs you've quoted in your opening post are single-rate which makes me think that, even if you've got an E7 meter, you're currently signed up for a single rate.

jimjames

Assuming the price cap rate rises by 50% as suggested then all of those fixed rates are well above what the new cap would be.

bristolleedsfan

jimjames said:

Assuming the price cap rate rises by 50% as suggested then all of those fixed rates are well above what the new cap would be.

And Scottish Power currently have a much cheaper 2 year fixed rate with Boiler Insurance for new customers . search google for scottish power referral will see £60 dual fuel credit links

2 Years Fixed Price Energy + Boiler Insurance - my region
 Electricity

Tariff
    Fixed Price January 2024 YM1 Online
Payment method
    Monthly direct debit
Standing charge
    24.38p
Primary unit rate
    28.55p
Exit fee
    £30.00
Tariff end date
    31/01/2024

Gas

Tariff
    Fixed Price January 2024 YM1 Online
Payment method
    Monthly direct debit
Standing charge
    26.11p
Primary unit rate
    8.32

Exit fee
    £30.00
Tariff end date
    31/01/2024

SPMR

bristolleedsfan said:

jimjames said:

Assuming the price cap rate rises by 50% as suggested then all of those fixed rates are well above what the new cap would be.

And Scottish Power currently have a much cheaper 2 year fixed rate with Boiler Insurance for new customers . search google for scottish power referral will see £60 dual fuel credit links

2 Years Fixed Price Energy + Boiler Insurance - my region
 Electricity

Tariff
    Fixed Price January 2024 YM1 Online
Payment method
    Monthly direct debit
Standing charge
    24.38p
Primary unit rate
    28.55p
Exit fee
    £30.00
Tariff end date
    31/01/2024

Gas

Tariff
    Fixed Price January 2024 YM1 Online
Payment method
    Monthly direct debit
Standing charge
    26.11p
Primary unit rate
    8.32

Exit fee
    £30.00
Tariff end date
    31/01/2024

Thanks for this buddy. 

Appreciate the comments from you all. They have been very helpful 👍🏽