Ecotricity Variable - what to do?

drummergirl95

Sorry if this is a silly question but I am worried and would like some advice. 

I’m currently on the Ecotricity Variable tariff but am wondering what the best thing to do would be before the price rise in April - should I try to get moved onto a fixed tariff elsewhere? What I’m currently paying is manageable (fairly high but it is Ecotricity), but I am worried if I stay on the variable it’s going to skyrocket. 

Any advice appreciated! 

EssexHebridean

Well there's no reason why it would allowing that as far as I know it's not covered by the cap, but of course that's not to say it won't...i suspect the only people who know the answer to this right now are Ecotricity themselves. 

drummergirl95

EssexHebridean said:

Well there's no reason why it would allowing that as far as I know it's not covered by the cap, but of course that's not to say it won't...i suspect the only people who know the answer to this right now are Ecotricity themselves. 

I’m not really sure what you’re trying to say here. What’s your advice?

[Deleted User]

drummergirl95 said:

EssexHebridean said:

Well there's no reason why it would allowing that as far as I know it's not covered by the cap, but of course that's not to say it won't...i suspect the only people who know the answer to this right now are Ecotricity themselves. 

I’m not really sure what you’re trying to say here. What’s your advice?

I am not sure that you need any advice. Ecotricity as a supplier is a life choice. Nobody has a crystal ball when it comes to future tariffs. 

drummergirl95

Dolor said:

drummergirl95 said:

EssexHebridean said:

Well there's no reason why it would allowing that as far as I know it's not covered by the cap, but of course that's not to say it won't...i suspect the only people who know the answer to this right now are Ecotricity themselves. 

I’m not really sure what you’re trying to say here. What’s your advice?

I am not sure that you need any advice. Ecotricity as a supplier is a life choice. Nobody has a crystal ball when it comes to future tariffs. 

Sorry if I didn’t make it clear, but when I moved into this flat, Ecotricity was the default supplier and we had a lot of issues (meter mix up). Other than that, we never thought to switch but now that April is coming I’m wondering if it’s smart to do so, and if so, move onto a fixed tariff. 

I did contact Octopus a few weeks ago and they said that at the moment their prices were around the same as what I am paying buy would be having a price drop mid-March and would call me - not sure if this is BS or true but if it is, I take it the smart thing would be to switch? 

I am idiotically bad at this kind of thing but just trying to weigh out my options.

worrywart_3

As your in a deemed tarrif your ecotricity is at the cap it’s only if you personally choose them that you would be exempt from the cap, so your probably best just staying put.

[Deleted User]

worrywart_3 said:

As your in a deemed tarrif your ecotricity is at the cap it’s only if you personally choose them that you would be exempt from the cap, so your probably best just staying put.

Ecotricity has an Ofgem derogation from the Cap as it is one of 3 truly green/renewable suppliers.

molerat

Dolor said:

worrywart_3 said:

As your in a deemed tarrif your ecotricity is at the cap it’s only if you personally choose them that you would be exempt from the cap, so your probably best just staying put.

Ecotricity has an Ofgem derogation from the Cap as it is one of 3 truly green/renewable suppliers.

Deemed "out of contract" rates are in line with the OFGEM cap.

https://assets.ctfassets.net/620j9bwnh4b6/3RaYM9EfUZHK5NXutMDeVk/32764c6733185d40931794c5c2936223/Out_of_Contract_Rates_October_2021.pdf

A lot depends on whether OP has "signed up" with them and has agreed to a green tariff.

@drummergirl95, what unit rates are you currently paying ?

QrizB

drummergirl95 said:

Dolor said:

drummergirl95 said:

EssexHebridean said:

Well there's no reason why it would allowing that as far as I know it's not covered by the cap, but of course that's not to say it won't...i suspect the only people who know the answer to this right now are Ecotricity themselves. 

I’m not really sure what you’re trying to say here. What’s your advice?

I am not sure that you need any advice. Ecotricity as a supplier is a life choice. Nobody has a crystal ball when it comes to future tariffs. 

Sorry if I didn’t make it clear, but when I moved into this flat, Ecotricity was the default supplier and we had a lot of issues (meter mix up). Other than that, we never thought to switch but now that April is coming I’m wondering if it’s smart to do so, and if so, move onto a fixed tariff. 

I did contact Octopus a few weeks ago and they said that at the moment their prices were around the same as what I am paying buy would be having a price drop mid-March and would call me - not sure if this is BS or true but if it is, I take it the smart thing would be to switch?

I remember your previous thread and was glad when you sorted out that metering problem!

The good news - such as it is - is that, since Ecotricity aren't bound by the Ofgem cap, there's nothing special about the 1st of April to them. If they need to put prices up, they will; there's no specific reason for them to do that on the 1st of April.

Currently, there aren't any fixed tariffs you can switch to that are cheaper than the April capped rate.

You previously wrote:

Our tariff (which is what we were put on as the rest of our complex uses) is Ecotricity Green Electricity Variable. It says our price per unit since the price change is 34.03p.

Are you still paying 34p/kWh? That's roughly 6p/kWh above the April cap and there are almost certainly rates cheaper than that. Or you could try EDF; they're taking on customers on their capped flexible rate.

You'll need to phone them as you can't get that tariff online.https://www.edfenergy.com/for-home/help-centre/faq/our-tariffs-and-services?steps=23147#chapter-23144-3

Am I able to sign up to your Standard Variable tariff as a new customer to EDF?

Yes. Bear in mind we can’t offer you a cheaper Standard (Variable) tariff price than your current energy supplier. Standard (Variable) prices are linked to the Ofgem Price Cap.

You can keep an eye on energy deals by signing up to our energy alerts. We’ll let you know when energy prices are coming down, this means we may be able to offer you a better deal than your current energy supplierwhen this happens.

If you’re new to EDF and want to take our Standard (Variable) tariff, you’ll need to give us a call to be able to do this, you can’t sign up online. You can then chat with our team about the pros and cons to make sure this is the best option for you at this time.

worrywart_3

Dolor said:

worrywart_3 said:

As your in a deemed tarrif your ecotricity is at the cap it’s only if you personally choose them that you would be exempt from the cap, so your probably best just staying put.

Ecotricity has an Ofgem derogation from the Cap as it is one of 3 truly green/renewable suppliers.

Not on a deemed
contract see their rates here you will see they are in line with the cap 

worrywart_3

Sorry for the added
picture