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Cheap energy club auto switch
I joined MSE’s cheap energy club a couple of years ago.
My Dad called earlier to say I shouldn’t switch to a new fixed rate and should remain on a variable energy rate and just top up any additional costs.
Do I need to cancel MSE cheap energy auto switch to a new tariff when my current tariff ends in May in order to keep costs down?
Apologies for my ignorance.
Do I need to cancel MSE cheap energy auto switch to a new tariff when my current tariff ends in May in order to keep costs down?
Apologies for my ignorance.
0
Comments
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Best to avoid all such schemes, even in normal times, because you can do better if you understand and do it yourself.With the current uncertainties there aren't many right answers, almost anything must be a gamble unless you have a very good crystal ball. It also depends on your attitude to risk, some people will agree to a (relatively) cheap tariff with a high exit fee, others prefer certainty even if it looks a bit more expensive.1
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The MSE Cheap Energy Club has already emailed out a few weeks ago I believe confirming that any auto switching that would usually take place is suspended currently.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00 at 31/12/25 = £ 91,100.00
Balance as at 31/08/26 = £ 84,500.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her2
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