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

Alnat1

You should be comparing the offered fix with April's SVT rates, not comparing the new fix to the old one.

pochase

The comparison is always current SVT to fixed rate. 

You will already see a big increase just going from your fix onto the current SVT, 100% are not impossible, so of course you will get a big NO if you compare a fixed tariff with a new fixed tariff.

orbit500

No idea if you can still get it but I just switched to EDF’s EV tariff goelectric35. Fixed 43p daytime / 4.5p night until may24.

pochase

EDF EV tariffs have been withdrawn already in July after one of the cap predictions. 

orbit500

pochase said:

EDF EV tariffs have been withdrawn already in July after one of the cap predictions. 

Ah. Looks like I sneaked in just in time, transferred from Octopus Go.

DonnaDevon

British Gas have just offered me a fixed rate tarriff. 

Gas unit rate: 7.48 p/kWh    Gas standing charge: 7.22 p/day = staying on SVR

Electricity unit rate: 28.41 p/kWh  Electricity standing charge: 51.63 p/day = current
Electricity unit rate: 66.237 p/kWh Electricity standing charge: 33.818 p/day = Fixed tarriff

Martin's calculator thinks I should consider it. would be interested to see your thoughts please

Scoobyfizz

EDF last night were showing me 244% above current payment fixed for 2 years (according to them we are actually overpaying anyhow at the moment) and a 200 cancellation fee....

Strangely I cannot get any change of tariffs today on my account...

SteveCooper

Gravesberie said:

My renewal notice from Octopus Energy has arrived. From Octob

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. 

I do not understand the disparity between fixed and flexible rates. And a 200% increase seems excessive. But would being ‘flexible’ mean that I could eventually be paying even more?

But these figures are to be outdated and subject to a massive increase in October , the new tariffs to be announced around the 26th of August are what you should be comparing to and calculating
for and these prices will be updated every 3 months 

I am now on a fixed tariff of

Gas          13 p per kWh 
Electric     40p per kWh
for 2 years 

the gamble is / was with the increasing prices as been picking the right time to fix 

Janie2008

According to my account EDF have decided not to offer any fixed deals at the moment. Fortunately I fixed in February for 2 years.

Janie2008

Donna Devon

You haven't stated the has fixed price but might be worth taking and thinking about it during the 14 day cooling off period. You will find out the new October prices next Friday. Rates are being increased by the day and EDF have just withdrawn all fixed rates.