Energy tariffs

FataVerde

My company Avro went bust in Sept 21 and I was switched to Octopus, except I was already trying to get a fixed tariff with Octopus at the time and that took effect before the automatic switch. Because I initiated the registration, I got the £50 Octopus credit, but of course my rates were above the cap. I wonder if this was a smart idea longterm. I paid high rates during the winter months, but will be protected until sept 23 from any future increases. What's your take on this? On a quick comparison with the new cap, my electricity unit price is close to the new cap while my electricity standing charge of 24 is well below the new 45. On gas, I have 6 per unit and 26 standing charge so close to the new levels.

BUFF

I suspect that come the next round of SVT adjustment later in the year & for winter 22/23 you will be happy that you did but nobody knows the future for certain.