Scottish Power retention Fixed Price Offer

superbigal

I think it was totally unethical of Scottish Power to have called me just a few minutes ago re my electricity package.  I am still on  a decent fix till end of April. Then I will move onto the variable cap at circa 28p per unit.
Charlatan on the phone offering a 1 year fix at 55p per unit.  In what possible circumstances could that be beneficial to me I ask him ?
No answer.
Even simple maths means the cap would need to go up over 200% in October.
How many people will get taken in by these phone cowboys.

jimexbox

Agreed, it's disgraceful. Vulnerable folk may believe these cowboys are looking out for them. 

bristolleedsfan

superbigal said:

Even simple maths means the cap would need to go up over 200% in October.

Whilst I agree with sentiments of your post, I make difference between 28p and 55p ish a 100% increase

Ultrasonic

bristolleedsfan said:

superbigal said:

Even simple maths means the cap would need to go up over 200% in October.

Whilst I agree with sentiments of your post, I make difference between 28p and 55p ish a 100% increase

You need to factor in paying the two different cap prices for 6 months each though.

Ultrasonic

The 200% figure is likely to be an overestimate since I bet the fix has a lower standing charge (based on the SP fixes I've seen), and more electricity is likely to be used in winter than summer.