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Went for 2 yr Fix

2

Comments

  • booshya
    booshya Posts: 170 Forumite
    100 Posts Name Dropper First Anniversary
    edited 17 January 2022 at 2:04PM
    booshya said:
    otb666 said:
    Well bitten the bullet and Gone for Scottish Power 2 year fix Gas now 6.779 and Elect 28.179 from Gas 2.65 Elect 14.359  standing Charge 20.87 to gas 27.7 elect 25.4 DD 120-185 (Credit on account as 120 too high)  I have no exit fees But went for security for next 2 years and happy with that I could have gone on SVT prices in April currently elect 20.316 gas 3.987 standing charge elect 23.76 gas 26.11 But dont want to worry for next 2 years about prices and newly retired
    Hello, thank you for posting.

    Can I enquire where you obtained that tariff from please?

    The best 2 yr fixed tariff I seem to be able to find currently from SP based on the East Midlands supply region is:

    Fixed Price January 2024 YM1 Online

    Electricity:
    Standing charge: 23.76p
    Primary unit rate: 28.73p
    Exit fee: £30.00

    Gas:
    Standing charge: 26.11p
    Primary unit rate: 8.27p
    Exit fee: £30.00

    In the north east, I managed to secure the below, two weeks ago:

    Green Fixed February 2024 EM2

    Standing Charge 22.34p per day
    Unit rate 28.070p per kWh
    Tariff ends on 29/02/2024
    No Exit Fee

    Standing Charge 21.99p per day
    Unit rate 6.746p per kWh
    Tariff ends on 29/02/2024
    No Exit Fee

    Just been online, and the cheapest SP dual fuel tariff currently offered to new customers for the NE region via their website seems to be:

    Fixed Price January 2024 YM1 Online

    Electricity:
    Standing charge:     26.46p
    Primary unit rate:   28.62p
    Exit fee:     £30.00

    Gas:
    Standing charge:     26.11p
    Primary unit rate:    8.24p
    Exit fee:     £30.00

    Tariff end date: 31/01/2024

  • wamphyri
    wamphyri Posts: 78 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    otb666 said:
    Well bitten the bullet and Gone for Scottish Power 2 year fix Gas now 6.779 and Elect 28.179 from Gas 2.65 Elect 14.359  standing Charge 20.87 to gas 27.7 elect 25.4 DD 120-185 (Credit on account as 120 too high)  I have no exit fees But went for security for next 2 years and happy with that I could have gone on SVT prices in April currently elect 20.316 gas 3.987 standing charge elect 23.76 gas 26.11 But dont want to worry for next 2 years about prices and newly retired

    I will be doing the same, been offered slighly higher rates for a 2 year fix from SP (6.86p/29.86p and standing charges 27.75p/25.14p Gas/Elec) but like yourself no exit fee.
    I am just waiting for today's final direct debit for my current fix to be applied to my balance so the "adjustment for my current balance" isn't so large when I confirm.
  • booshya said:


    Just been online, and the cheapest SP dual fuel tariff currently offered to new customers for the NE region via their website seems to be:

    Fixed Price January 2024 YM1 Online

    Electricity:
    Standing charge:     26.46p
    Primary unit rate:   28.62p
    Exit fee:     £30.00

    Gas:
    Standing charge:     26.11p
    Primary unit rate:    8.24p
    Exit fee:     £30.00

    Tariff end date: 31/01/2024

    Maybe I made the correct decision with the fix I selected a couple of weeks ago then...

    Looks like they've crept up the gas price and added exit fees in the past 2 weeks. 

    I also opted for a plan with boiler cover, which essentially was included in the deal for the first year. 
  • otb666
    otb666 Posts: 936 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    edited 17 January 2022 at 6:55PM
    name of tariff Help Beat Cancer Green Fixed February 2024 Cm1 Online, If this helps anyone as i didnt want smart meter or boiler cover at moment,
     I Went on SP website for tariffs as new customer and showing this  Also Help Beat Cancer Green Fixed July 2024 YM1 Elect 28.73 standing charge 33p/day Gas 8.27 /35p/day, Total £60 exit fee 
    21k savings no debt
  • I’ve just had the rates below offered to start on 27/01 with a £40 early exit fee:

    Fixed Deal from So Energy
    So Fennel Two Year - Electricity - 1 Rate 
    Standing Charge - 24.38.     Unit Rate - 26.11

    Don’t think it’s too bad considering it’s only 30% above current SVT with them?
  • bristolleedsfan
    bristolleedsfan Posts: 12,819 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 17 January 2022 at 7:46PM
    booshya said:
    booshya said:
    otb666 said:
    Well bitten the bullet and Gone for Scottish Power 2 year fix Gas now 6.779 and Elect 28.179 from Gas 2.65 Elect 14.359  standing Charge 20.87 to gas 27.7 elect 25.4 DD 120-185 (Credit on account as 120 too high)  I have no exit fees But went for security for next 2 years and happy with that I could have gone on SVT prices in April currently elect 20.316 gas 3.987 standing charge elect 23.76 gas 26.11 But dont want to worry for next 2 years about prices and newly retired
    Hello, thank you for posting.

    Can I enquire where you obtained that tariff from please?

    The best 2 yr fixed tariff I seem to be able to find currently from SP based on the East Midlands supply region is:

    Fixed Price January 2024 YM1 Online

    Electricity:
    Standing charge: 23.76p
    Primary unit rate: 28.73p
    Exit fee: £30.00

    Gas:
    Standing charge: 26.11p
    Primary unit rate: 8.27p
    Exit fee: £30.00

    In the north east, I managed to secure the below, two weeks ago:

    Green Fixed February 2024 EM2

    Standing Charge 22.34p per day
    Unit rate 28.070p per kWh
    Tariff ends on 29/02/2024
    No Exit Fee

    Standing Charge 21.99p per day
    Unit rate 6.746p per kWh
    Tariff ends on 29/02/2024
    No Exit Fee

    Just been online, and the cheapest SP dual fuel tariff currently offered to new customers for the NE region via their website seems to be:

    Fixed Price January 2024 YM1 Online

    Electricity:
    Standing charge:     26.46p
    Primary unit rate:   28.62p
    Exit fee:     £30.00

    Gas:
    Standing charge:     26.11p
    Primary unit rate:    8.24p
    Exit fee:     £30.00

    Tariff end date: 31/01/2024


    Likely to be superceded with a more expensive tariff by tomorriw
  • in_my_bumble_opinion
    in_my_bumble_opinion Posts: 1,387 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 January 2022 at 8:18PM
    Been offered a 2 year, 5 months (29 months) leccy fix at 25p/unit with my current provider (no mains gas here).

    From what I'm reading in this thread it seems a decent deal. 

    One fly in the ointment is I'm on a fix at 14p/unit till the end of June, that's making me think twice.

    The second fly in the ointment is the £150 exit fee  :'(,
    ''He who takes no offence at anyone either on account of their faults, or on account of his own suspicious thoughts, has knowledge of God and of things devine.''
  • otb666
    otb666 Posts: 936 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Checked Today and now the quotes for 2 year Scottish Power quoting monthly DD is 299pm instead of 222pm The tariff has been pulled overnight and they have a more expensive new fix may 2024, I am glad i went for feb24 fix when i did, I think personally when you come off a fix you are hit with increase to bring you up to date 25% increase and then the current situation 50% increase and the further 25% for security of fix So i have increased my monthly payment from 120-205 But i am happy with my decision and my reasons why and I think although forums are very useful you have to make your own decisions Can always review/change as no exit
    21k savings no debt
  • wamphyri
    wamphyri Posts: 78 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    edited 18 January 2022 at 9:42PM
    otb666 said:
    Checked Today and now the quotes for 2 year Scottish Power quoting monthly DD is 299pm instead of 222pm The tariff has been pulled overnight and they have a more expensive new fix may 2024, I am glad i went for feb24 fix when i did, I think personally when you come off a fix you are hit with increase to bring you up to date 25% increase and then the current situation 50% increase and the further 25% for security of fix So i have increased my monthly payment from 120-205 But i am happy with my decision and my reasons why and I think although forums are very useful you have to make your own decisions Can always review/change as no exit

    Ooof looks like my last minute double check that the month's direct debit had gone in last night to boost the balance a bit and accepted the fix was just in the nick of time then.

    My DD went from £236 to £460 as I am a higher rate user being a guest house but I am happy with that as whatever the DD is I know I will only pay for what I use and the unit/standing charge rates were very viable.
  • Andrea15
    Andrea15 Posts: 315 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    edited 18 January 2022 at 9:44PM
    I’ve just had the rates below offered to start on 27/01 with a £40 early exit fee:

    Fixed Deal from So Energy
    So Fennel Two Year - Electricity - 1 Rate 
    Standing Charge - 24.38.     Unit Rate - 26.11

    Don’t think it’s too bad considering it’s only 30% above current SVT with them?
    That looks good, although you do start early.
    I have been offered "So grape" which for electricity comes at 30.6p per unit + 24.86 standing charge. However I would start at the end of march.

    Did you go for it? It looks as if it has been pulled.
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