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

brewerdave

In my region, EDF June 24 Fix looks better than May 24 !!

stuarta99

brewerdave said:

In my region, EDF June 24 Fix looks better than May 24 !!

For me that's an extra £20/month for June but only £100 less exit fee

saucer

dbella said:

Hi I have been offered a fixed 2 year from edf

Your electricity tariff

 

Tariff name Fix Total Service May24v4

Tariff type

Fixed

Payment method

Budget Direct Debit (Monthly)

Unit Rate

35.52p per kWh

Standing Charge

37.92p per day

Tariff ends on

31 May 2024

Exit Fee

Not Applicable

Discounts and additional charges

Not Applicable

Your gas tariff

 

 

Tariff name Fix Total Service May24v4

Tariff type

Fixed

Payment method

Budget Direct Debit (Monthly)

Unit Rate

9.744p per kWh

Standing Charge

27.22p per day

Tariff ends on

31 May 2024

Exit Fee

Not Applicable

Discounts and additional charges

Not Applicable

I have taken it in it but not sure now if it’s a good deal. There is £150 per fuel exit fee. 

That’s a bit better than what BG are offering me to fix to June 23v2, albeit with 75 per fuel exit fee. Your cut and paste suggests no exit fee, are you sure it is £150?

Dipak2022

GingerTim said:

Dipak2022 said:

MSE_JC said:

With wholesale gas prices at their lowest level since November 2021, we want to know what fixed energy deals you're being offered by your current provider. 

There are very few fixed deals available to new customers on the market, and those that are tend to be pricey. Yet sometimes we do hear of short-lived 'existing customer only' deals from certain firms that can be competitive. These deals aren't available on comparison sites, making them hard to keep track of.

Is there a good one out there that fellow MoneySavers might be missing out on?

Let us know the name of the tariff and the name of the supplier. 

Hi, I was an SSE customer, have been changed to OVO when they merged or whatever.  My bills went up to £272 DD for both from £187 after the price cap rise in April.  Currently they are offering 2 year fixed at £317, is this a good deal?  Considering the difference between is only £45? Obviously its still a lot but if they are saying there's gonna be a massive increase in October it would make sense to fix right?

Just remember that you need to check the unit rates and your actual usage to work out how much you will actually pay - a direct debit figure is meaningless and will go up if you use more than the estimate.

Electricity

Gas

Supplier:

OVO Energy

OVO Energy

Plan Name:

2 Year Fixed - Economy 7

2 Year Fixed - Economy 7

Plan Type:

Fixed

Fixed

Plan Length:

24 months

24 months

Plan End Date:

29 May 2024

29 May 2024

Day Unit Rate:

40.66p/kWh

11.20p/kWh

Night Unit Rate:

27.18p/kWh

11.20p/kWh

Standing Charge:

51.36p/day

27.52p/day

Exit Fee:

£60

£60

Payment Method:

Direct Debit

Direct Debit

Renewables:
(Without Any Upgrades)

100%

0%

Additional Products Or
Services Included:

1 tree planted a year

None

Estimated Yearly Use:

4467 kWh

16896 kWh

Estimated Yearly Cost:

£1859.90

£1993.36

these are the details of the tariff, exit fee is £60 per fuel so £120

QrizB

Dipak2022 said:

these are the details of the tariff, exit fee is £60 per fuel so £120

Do you know your day/night split for electricity?

(And it's unusual to have both E7 electricity *and* a gas supply. Do you have some sort of hybrid heating system?)

akaWooders

pochase said:

Just by having an online account you don't go automatically go onto paperless billing.

You have to actively opt into paperless billing. See below

https://www.britishgas.co.uk/business/help-and-support/my-online-account/paperless-bills

Thanks pochase, however, that link appears to be for business customers only. When I attempted to register for an online a/c a message popped up advising that such action would result in paperless billing, but that "documents" could still be delivered in hard copy if specifically requested. I don't know if this would include bills as I aborted the process at that stage.
Shame no one could answer my question but I assume available tariffs are visible in an online a/c?
I will give BG a call to see what's currently available when I have a mo.
Thanks all.

markw96

Im currently on a variable standard tariff with BG, which has recently gone from £92.49 a month to a staggering £190.86 a month.

My current tariff is:


and my options to change are:





Am i correct in thinking that the cheapest is only around a 16% rise in cost so it would be worth changing?
Any advice given would be greatly appreciated.

QrizB

markw96 said:

Im currently on a variable standard tariff with BG, which has recently gone from £92.49 a month to a staggering £190.86 a month.
....
Am i correct in thinking that the cheapest is only around a 16% rise in cost so it would be worth changing?
Any advice given would be greatly appreciated.

I don't think you are correct, no.

For Ofgem's "average customer" the current SVR works out as £1971/yr. For the same average customer, those four BG tariffs would cost £2608, £2623, £2671 and £2734 - increases of 32%, 33%, 36% and 39% respectively, not 16%.

You say your current monthly payment is £191-ish. Is some of that beecause you were previously paying too little and you are catching up with a negative balance on your account?

Having said that, if Ofgem's forecast of a 42% cap increase in October turns out to be correct, any of those fixes could still be worth taking.

markw96

QrizB said:

markw96 said:

Im currently on a variable standard tariff with BG, which has recently gone from £92.49 a month to a staggering £190.86 a month.
....
Am i correct in thinking that the cheapest is only around a 16% rise in cost so it would be worth changing?
Any advice given would be greatly appreciated.

I don't think you are correct, no.

For Ofgem's "average customer" the current SVR works out as £1971/yr. For the same average customer, those four BG tariffs would cost £2608, £2623, £2671 and £2734 - increases of 32%, 33%, 36% and 39% respectively, not 16%.

You say your current monthly payment is £191-ish. Is some of that beecause you were previously paying too little and you are catching up with a negative balance on your account?

Having said that, if Ofgem's forecast of a 42% cap increase in October turns out to be correct, any of those fixes could still be worth taking.

Maths never was my strong point obviously.  Yes it seems I was paying too little previously. Current tariff would cost me £1882 a year compared with the cheapest on offer being £2539 a year (around 35% again not my strong point)
Still worth taking the cheapest tariff do you think?
Appreciate your assistance

QrizB

markw96 said:

Maths never was my strong point obviously.  Yes it seems I was paying too little previously. Current tariff would cost me £1882 a year compared with the cheapest on offer being £2539 a year (around 35% again not my strong point)
Still worth taking the cheapest tariff do you think?
Appreciate your assistance

I've answered enough of these questions that I've got a spreadsheet to do the maths for me

Yes, if you would prefer the certainty of a fix for however-many-months rather than braving the vagaries of a variable tariff, the cheaper two of those fixes (the left-hand ones) both look promising. I don't know exactly how they differ - is one fixed for longer than the other, for example? - but you can compare features and choose the one you prefer.