Scottish Power - Super Saver May 2022 B3

skyking_comms

skyking_comms said:

Within the short time of finding out the new tariff to just checking again the monthly direct debit has increased to £387.40 per  month! This is crazy. That's an increase of £3580.80 per year!

The new SP tariff is called Fixed Price May 2023 M3 
Electric - Standing charge = 48.12p & Primary unit rate = 55.52p
Gas - Standing charge 27.22p & Primary unit rate = 18.93p

I do worry that there's a breaking point going to happen or people just won't have electric and gas turned on in their homes 

I decided to call SP this evening to express my frustration at this extortionate fixed rate price I was offered.
Luckily I had a very friendly person on the end of the phone and they informed me what the price cap will be as of April

Electric - Standing charge = 44-45p & unit rate = 27-28p

Gas - Standing charge = 27-28p & unit rate = 7-8p

So the standing charge prices are similar but the unit rates will be much cheaper.

I will now wait until my fixed rate ends on the 31st May and move over to the standard variable rate.
Perhaps by that time cheaper fixed rates will become available. 

I hope this helps someone else.. 

Ultrasonic

skyking_comms said:

skyking_comms said:

Within the short time of finding out the new tariff to just checking again the monthly direct debit has increased to £387.40 per  month! This is crazy. That's an increase of £3580.80 per year!

The new SP tariff is called Fixed Price May 2023 M3 
Electric - Standing charge = 48.12p & Primary unit rate = 55.52p
Gas - Standing charge 27.22p & Primary unit rate = 18.93p

I do worry that there's a breaking point going to happen or people just won't have electric and gas turned on in their homes 

I decided to call SP this evening to express my frustration at this extortionate fixed rate price I was offered.
Luckily I had a very friendly person on the end of the phone and they informed me what the price cap will be as of April

Electric - Standing charge = 44-45p & unit rate = 27-28p

Gas - Standing charge = 27-28p & unit rate = 7-8p

So the standing charge prices are similar but the unit rates will be much cheaper.

I will now wait until my fixed rate ends on the 31st May and move over to the standard variable rate.
Perhaps by that time cheaper fixed rates will become available. 

I hope this helps someone else.. 

For info. those cap prices will (hopefully) be those for specifically where you live but be aware that those living elsewhere in the country will have different capped prices.