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Don't understand the energy price cap thing

2»

Comments

  • BUFF
    BUFF Posts: 2,185 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    There is a caveat in (the looking unlikely event) that  if energy prices were to fall back below the level that you have fixed for in 2023 or 2024 you could then end up as paying more than others. However, in that event you just pay any penalty that there may be for early contract exit & move to a cheaper tariff (we can hope).
  • GingerTim
    GingerTim Posts: 2,737 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Sadly, I fear cheap energy is a thing of the past.
  • Sncjw
    Sncjw Posts: 3,587 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    BUFF said:
    There is a caveat in (the looking unlikely event) that  if energy prices were to fall back below the level that you have fixed for in 2023 or 2024 you could then end up as paying more than others. However, in that event you just pay any penalty that there may be for early contract exit & move to a cheaper tariff (we can hope).
    There's no penetly to leave and I can leave any time. 
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment paused to pay off cc 

    Starting balance £66,565.45

    Current balance £55,819

    Cc around £2600 

  • BUFF
    BUFF Posts: 2,185 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    you have won a watch then. :D 
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