Fixed rate tariff or not

bristolleedsfan

PennineAcute said:

jimjames said:

It's not the amount that matters it's the rates. But why change from £117 to pay £216? Even a 50% increase in April is less than that.

But that 50% increase is from October '21's capped rate and the estimated April 22's capped rate.

If the OP opts for SSE April's capped rate - they would have the increase to Oct 21's rate and then the estimated 50% increasae.

It would only need a 33.33% increase from the OP's old tariff to hit the Oct 21 SVT, for the estimated 50% increase in April to double their old monthly payments.

O/P is currently on standard variable tariff at the moment - see post 4

PennineAcute

bristolleedsfan said:

PennineAcute said:

jimjames said:

It's not the amount that matters it's the rates. But why change from £117 to pay £216? Even a 50% increase in April is less than that.

But that 50% increase is from October '21's capped rate and the estimated April 22's capped rate.

If the OP opts for SSE April's capped rate - they would have the increase to Oct 21's rate and then the estimated 50% increasae.

It would only need a 33.33% increase from the OP's old tariff to hit the Oct 21 SVT, for the estimated 50% increase in April to double their old monthly payments.

O/P is currently on standard variable tariff at the moment - see post 4

I missed that, my apologies.  Thanks for the confirmation.