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

bristolleedsfan

Cloth_of_Gold said:

 Should we move to the 1 year fixed (or the slightly more expensive two year fixed) tariff or stay with the standard tariff, as it is so much cheaper. I realise that it could, and probably will, go up, but is it likely to go above what is being offered on these fixed price deals? I just wonder if we're being encouraged to go onto something that will not be to our advantage or whether, in fact, the standard tariff will rocket soon, by which time these deals will have been replaced by something even more expensive and we will rue not taking what's on offer now.

Tariff you are being offered is not called fixed due to it being part fixed and part variable.

Unit rates are more expensive than October and January cap unit rates are currently expected to be coupled with high exit fees.

"I just wonder if we're being encouraged to go onto something that will not be to our advantage"

Yes

pochase

All figures you have heard on the news are for people who were already on a SVT and the increase to the new capped SVT in April. 

And there will be another 50% coming up in October.

The fix offered to you is more expensive than the predicted increase for the SVT, almost 52% more expensive, and you would start paying the new rate immediately.

Pulpdiction

si_74 said:

Marchesi007 said:

Hi everyone. I'm new to the forum but have been following MSE for many years.

I only have electricity at our farmhouse in Cornwall but installed Air Source Heat Pumps when we renovated it in 2019. Managed to get some good deals from Green and Neon Reef but am now with British Gas following the failure of Neon Reef last year. I'm on the "Welcome to British Gas" tariff which is effectively the SVT; 28.408p per kWh and 51.626p per day SC.

I've been offered the "Loyalty Jul23v1" tariff which is 38.77p per kWh and 45.873p SC. I think I'm going to take it as the SVT will probably be higher in October and may be higher again next January. I will pay more in August & September but we have solar panels so our usage is less in the Summer.

There is also a "Fixed Aug23v2" which is 42.278p per kWh and 41.763p SC. I think both are only available to existing customers and have £100 exit fees but they do provide some certainty and are probably cheaper than the "price cap" will be soon!

Mark

Looking at what is about at the minute the Jul23v1 deal looks decent. 

Looks like that has disappeared, not showing as an option for me.

Cloth_of_Gold

bristolleedsfan said:

Cloth_of_Gold said:

 Should we move to the 1 year fixed (or the slightly more expensive two year fixed) tariff or stay with the standard tariff, as it is so much cheaper. I realise that it could, and probably will, go up, but is it likely to go above what is being offered on these fixed price deals? I just wonder if we're being encouraged to go onto something that will not be to our advantage or whether, in fact, the standard tariff will rocket soon, by which time these deals will have been replaced by something even more expensive and we will rue not taking what's on offer now.

Tariff you are being offered is not called fixed due to it being part fixed and part variable.

Unit rates are more expensive than October and January cap unit rates are currently expected to be coupled with high exit fees.

"I just wonder if we're being encouraged to go onto something that will not be to our advantage"

Yes

I think it said that something like 16% of the rate wasn't fixed and the rest was, so yrs, not completely fixed anyway. They have also said a smart meter is mandatory if we switch to one of these tariffs and we are not keen given that they can be used for variable pricing. With our old fashioned meter that wouldn't be possible.

webjaved

Utility Warehouse

Gas - £78.00 per month
Electricity - £77.00 per month

Mstty

webjaved said:

Utility Warehouse

Gas - £78.00 per month
Electricity - £77.00 per month

What are the kWh prices and standing charges for this?

Keith_F

webjaved said:

Utility Warehouse

Gas - £78.00 per month
Electricity - £77.00 per month

Pretty irrelevant information without usage data.
Also need the prices for Telephone/Broadband etc which are compulsory to take in a UW package. 

pickapennyup

Gas & electric fix ending dont know if this is a good deal,

ok not my best subject maths but i need help to see if this is an ok deal

im with Eon next and my fixed duel deal will end 16th August 2022 and have seen a new deal to take over the same day figures here current and new deal

Tariffs

Electricity

EON Charge v3

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Fixed term ends 16/08/2022

18.83 p/kWh 24.12 p/day

(All rates inc. VAT)

Electricity

Next Online v15

Starting on 16/08/2022

Fixed term ends 16/08/2023

42.76 p/kWh 43.39 p/day

(All rates inc. VAT)

Gas

EON Charge v3

Fixed term ends 16/08/2022

3.44 p/kWh 26.60 p/day

(All rates inc. VAT)

Gas

Next Online v15

Starting on 16/08/2022

Fixed term ends 16/08/2023

10.93 p/kWh 27.22 p/day

(All rates inc. VAT)

Estimated Annual Usage 3495.2 kWh ELECTRIC

Estimated Annual Usage 7652 kWh
GAS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

so my DD now is £130 but will change to £210 from this August 2 adults and a teen all normal tec,gas heating and hot water
also this deal has no exit fee

i also should have £1200 coming from Gov help and with the £500 already in my account  so £1700 in totali m hoping its a good start

3 bed detached gas heating and waer

use is low at the moment as only 2 here and i have £500 credit but im disabled so spend alot of time at home but have a real fire which chucks alot of heat out and well stocked for that fuels took advantage of some great deals months ago

QrizB

pickapennyup said:

I'm with Eon next and my fixed duel deal will end 16th August 2022 and have seen a new deal to take over the same day figures here current and new deal ...

Next Online v15

Next Online V15 is on MSE's current list as the only loyalty fix on offer that's worth considering.

If you want a fix, rather than taking your chances with the variable tariff (widely forecast to increase by 50% or more in October and to rise again in January), it's your best option.

spot1034

I took the decision yesterday to go for Next Online v15, having waited for a fall in wholesale prices that might have led to some better deals being available in the later part of the summer - it's now pretty clear that this isn't going to happen. The gas rate of 10.8p per kWh (for my region) is over 2p lower than what is presently being offered by EDF who are my present gas supplier - but Eon Next have agreed to take on my gas and I'm more than happy to say goodbye to EDF! I can't see this tariff lasting much longer so if you want it, go for it straight away.