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

stuarta99

si_74 said:

I was looking at the EDF May 24 deal a couple of weeks ago, but couldn't quite make my mind up. The MSE email caused me to look at it again and I have now gone with it. My logic is that the extra we pay over the summer when usage is naturally lower will be more than offset by the rate being fixed over the winter.

It is true that the exit fees at £300 for dual fuel are hefty, but the energy outlook is not looking positive, and if things do drastically improve then I would be prepared to pay this if needed.

That's what we thought initially, erring on the side it's going to go up more than come down and if it does come down it will be a slow slide. Something dramatic will have to happen for it to be worth and as said worst case, we just overpay and be in credit.

funny.money

si_74 said:

I was looking at the EDF May 24 deal a couple of weeks ago, but couldn't quite make my mind up. The MSE email caused me to look at it again and I have now gone with it. My logic is that the extra we pay over the summer when usage is naturally lower will be more than offset by the rate being fixed over the winter.

It is true that the exit fees at £300 for dual fuel are hefty, but the energy outlook is not looking positive, and if things do drastically improve then I would be prepared to pay this if needed.

I could have written this word for word, I went for it yesterday after MSE latest email - let's hope we've both done the right thing!

Carrera74

stuarta99 said:

I took out the EDF May deal with the £300 exit fee. Worked out that with the increase now, the 46% in October, 1% in Jan and maybe 10% drop in April I'll break even in July roughly.

Although by that time we would be 12months in, and it would need to drop by more than £30/month to make paying the exit fee worthwhile. Although we would probably be used to paying that price by that point so might as well continue and just be in credit for when the renewal time comes around.

Have you had your contract through yet? Mine has missed off the exit fee. It says zero. Kind of hoping they are going to remove it but no doubt just an error. I can dream lol

Carrera74

funny.money said:

si_74 said:

I was looking at the EDF May 24 deal a couple of weeks ago, but couldn't quite make my mind up. The MSE email caused me to look at it again and I have now gone with it. My logic is that the extra we pay over the summer when usage is naturally lower will be more than offset by the rate being fixed over the winter.

It is true that the exit fees at £300 for dual fuel are hefty, but the energy outlook is not looking positive, and if things do drastically improve then I would be prepared to pay this if needed.

I could have written this word for word, I went for it yesterday after MSE latest email - let's hope we've both done the right thing!

Me too after calculating for a few hours. Maths is not my strong point but I felt like a whizz once I'd finished! I also thought best to fix and have 14 days to cool down so was pleased when the MSE came out yesterday and kind of confirmed I'd done the right thing. My thinking is that if the charges start to come down next year they won't come down quickly and likely we'll still be paying less than the variable at that time.

stuarta99

Carrera74 said:

stuarta99 said:

I took out the EDF May deal with the £300 exit fee. Worked out that with the increase now, the 46% in October, 1% in Jan and maybe 10% drop in April I'll break even in July roughly.

Although by that time we would be 12months in, and it would need to drop by more than £30/month to make paying the exit fee worthwhile. Although we would probably be used to paying that price by that point so might as well continue and just be in credit for when the renewal time comes around.

Have you had your contract through yet? Mine has missed off the exit fee. It says zero. Kind of hoping they are going to remove it but no doubt just an error. I can dream lol

Oh yeah just noticed the same. Up the top of shows no exit fees for 14 days and further down it says not applicable 

Carrera74

stuarta99 said:

Carrera74 said:

stuarta99 said:

I took out the EDF May deal with the £300 exit fee. Worked out that with the increase now, the 46% in October, 1% in Jan and maybe 10% drop in April I'll break even in July roughly.

Although by that time we would be 12months in, and it would need to drop by more than £30/month to make paying the exit fee worthwhile. Although we would probably be used to paying that price by that point so might as well continue and just be in credit for when the renewal time comes around.

Have you had your contract through yet? Mine has missed off the exit fee. It says zero. Kind of hoping they are going to remove it but no doubt just an error. I can dream lol

Oh yeah just noticed the same. Up the top of shows no exit fees for 14 days and further down it says not applicable 

Maybe they send a new contract once the 14 days are up? Keeping my head down hoping not lol

stuarta99

Big boo boo and guess they need to legally keep to it

Mstty

They are just stating the 14 day change your mind exit fees are zero. 

stuarta99

But it's the main contract aside from the 14 day cooling off period further up the letter. Will have to wait and see...if...we need it

Mstty

stuarta99 said:

But it's the main contract aside from the 14 day cooling off period further up the letter. Will have to wait and see...if...we need it

No harm keeping that if required you may get somewhere with it on a complaint should you want to leave.