Renewal advice

dazzabee

Hi
My dual tariff is due for renewal next week - 22nd March - with SSE
I am being offered their Evergreen standard tariff at £185. They are also offering a fixed one year tariff at £275.
With the price increase in April what is best to choose?
Thank you

BUFF

can you post what unit prices/standing charges they are quoting & your actual annual energy usage?

dazzabee

Proposed Evergreen Standard
Electricty 
Standard charge per day 24.02p
Unit rate per kwh 20.87

Current annual usage 531kwh

Gas
Standard charge per day 26.12p
Unit rate per kwh 4.06p

Current annual usage 2717kwh

£181.43 per month

.............
1 year fixed 
Electricty
Standard charge per day 38.77p
Unit rate per kwh 39.94p

Gas
Standard charge per day 27.53p
Unit rate per kwh 12.65p

£275.64 per month

.......

2 year fixed
Electricity 
Standard charge per day 38.77p
Unit rate per kwh 39.17p

Gas 
Standard charge per day 27.55p
Unit rate per kwh 12.42p

£282..89 per month

jbuchanangb

I have SSE for gas, and I can assure you that the numbers you have quoted are their current rates for SVR, not the rates that come into effect in April. In April they will be on the OFGEM cap, which is 7.48p/kWh and 27.2p/day standing charge. The same probably applies for electricity. I suggest you look very closely, before deciding. 

jimexbox

The standard tariff looks pre April 1st 54% increase. 

dazzabee

Since my tariff is due for renewal on 22nd March what shall I do?

BUFF

At the moment (even come April 1) you would be better off going onto their SVR.
The question is what happens in October when the SVR would be due for adjustment again? It's crystall ball gazing territory.

Janie2008

The fixed deals are very pricey. I would stick with the standard variable.

dazzabee

Thank you all. I will renew on the standard 

Ultrasonic

jbuchanangb said:

I have SSE for gas, and I can assure you that the numbers you have quoted are their current rates for SVR, not the rates that come into effect in April. In April they will be on the OFGEM cap, which is 7.48p/kWh and 27.2p/day standing charge. The same probably applies for electricity. I suggest you look very closely, before deciding. 

Note that those prices are specific to where you live, and won't necessarily be the same for the OP. You're right that the figures given above were fir before April though.

Ultrasonic

@dazzabee your energy use figures seem very low, particularly electricity. Are you sure they're right? They don't seem to tally with your quoted monthly payments either.