What rates are you being offered by your provider at the moment?

pochase

@nursemolly & @Gravesberie
The SVT they are comparing to is the April 2022 SVT. Ofgem requires them to a do a comparison to the current SVT. This SVT is predicted to go up on the 1st of October to 14.97 gas and 52.28 electricity, with further increases in January and April. This is the reason why the fixed rate is in comparison so much more expensive.

@nursemolly
The rates offered to you don't look in any way advisable to take out this fix. Anything can happen of course, but they are jus tto expensive to be considered at the moment.

@Gravesberie
Yes, as written above the SVT will increase in October by about 82%, and than again in January and April.

Current predictions from Cornwall Insights (most likely outdated) from last Monday are 

BUFF

Gravesberie said: 

If I allow my fixed tariff to run out, and revert to a flexible tariff the charge for electricity would be 29.58p/kWh, and 7.36p/kWh for gas. 

That will be SVT, so prices only until October when rates will probably double & then quite possibly a slight increase again  in January ...

nursemolly

pochase said:

@nursemolly & @Gravesberie
The SVT they are comparing to is the April 2022 SVT. Ofgem requires them to a do a comparison to the current SVT. This SVT is predicted to go up on the 1st of October to 14.97 gas and 52.28 electricity, with further increases in January and April. This is the reason why the fixed rate is in comparison so much more expensive.

@nursemolly
The rates offered to you don't look in any way advisable to take out this fix. Anything can happen of course, but they are jus tto expensive to be considered at the moment.

@Gravesberie
Yes, as written above the SVT will increase in October by about 82%, and than again in January and April.

Current predictions from Cornwall Insights (most likely outdated) from last Monday are 

Thankyou.....Wow..this is well below what Scottish Power want to charge for the fixed rate...what a con..and really shouldnt be allowed....

pochase

Please don't forget that are all predictions, nobody knows exactly what will happen for October before next week Friday, and there are also even higher guesses. For example here


A fixed tariff is just an offer from them, and they can offer you whatever they want. As I wrote, I think it is to expensive.

Keith_F

nursemolly said:

pochase said:

@nursemolly & @Gravesberie
The SVT they are comparing to is the April 2022 SVT. Ofgem requires them to a do a comparison to the current SVT. This SVT is predicted to go up on the 1st of October to 14.97 gas and 52.28 electricity, with further increases in January and April. This is the reason why the fixed rate is in comparison so much more expensive.

@nursemolly
The rates offered to you don't look in any way advisable to take out this fix. Anything can happen of course, but they are jus tto expensive to be considered at the moment.

@Gravesberie
Yes, as written above the SVT will increase in October by about 82%, and than again in January and April.

Current predictions from Cornwall Insights (most likely outdated) from last Monday are 

Thankyou.....Wow..this is well below what Scottish Power want to charge for the fixed rate...what a con..and really shouldnt be allowed....

But you have to understand that rates are likely to rise further in January, April and July, maybe by far more than those predictions. The energy companies can’t afford to let you fix on a rate now, that will see them losing money in 9 months time. They have to protect themselves. 

brickwall001

nursemolly said:

electric 80.54 per kwh and standing charge of 43.3 and gas 27.2 standing charge and 23.6 per unit for new fixed tariff !

thats just insane. 60ish pence /kwh for electricity is what is currently the best going round, and to me thats high. 80 is daylight robbery. totally. 

Mstty

For those that can ignore Starmer and his rhetoric and are willing to fix it might be time to reconsider the Octopus capped rate tariffs of Agile and Tracker. 

pickapennyup

wow some of these figures i just cant get my head around them

pickapennyup

ive just started a new 2yr fixed today and my new rate is more than double what i was paying for the last year
electric

new fixFixed term ends 16/08/2024

41.03 p/kWh 43.39 p/day

(All rates inc. VAT)

Gas

Next Loyalty 24M Fixed Rate - June 2022 Issue 2

Fixed term ends 16/08/2024

10.52 p/kWh 27.22 p/day

(All rates inc. VAT)

so my now DD is £210 a month although im concerned whether this will cover use

this was agreed approx 4 weeks ago and i cant believe how much some fix's have gone up,hope all those looking manage to find a good deal

nursemolly

Do you think fixed tariffs should be allowed right now......especially when some are charging extortionate amounts.....just a thought.