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

jbatista

Hi I am currently on a Variable Tariff with Eon Next for my Electric, been quoted this morning ….
next online v17

£220.14 per month

£2,641.69 per year

unit charge 50.73p/kwh

standing charge 48.13p/day

prices include vat
 
Currently paying 

Next Flex (variable)

£119.28 per month

Unit charge

27.86p/kWh

Standing charge

48.13p/day

Prices include VAT.

What do I do any advice would be good thanks in advance 

Mstty

jbatista said:

Hi I am currently on a Variable Tariff with Eon Next for my Electric, been quoted this morning ….
next online v17

£220.14 per month

£2,641.69 per year

unit charge 50.73p/kwh

standing charge 48.13p/day

prices include vat
 
Currently paying 

Next Flex (variable)

£119.28 per month

Unit charge

27.86p/kWh

Standing charge

48.13p/day

Prices include VAT.

What do I do any advice would be good thanks in advance 

You could consider a switch and fix onto the sparkling tariff with

https://www.greenenergyuk.com/

Also read this thread

https://forums.moneysavingexpert.com/discussion/6372929/green-energy-uk-whats-the-catch/p1

Best switch and fix rates on the market currently with no exit fees.

Read the terms and conditions make sure it's right for you. This is a fixed rate not bound by price caps but does come under the expected rise in October and Jan 2023.

To rejoin a price capped product in the future you will have to switch to another provider at the end of your fixed rate as Green Energy are not bound by price caps and do not have to offer a product of this nature.

If you are happy with a switch and fix then a switch at the end should they not offer you a competitive one at the end of your fixed rate this could be for you.

jefferson89

Can someone tell me, if you fix on a certain tariff, is everything fixed? i.e The unit price and the Standard charge for the length of the contract?

With GEUK i am being offered: 
Electricity: 48.12p SC and 38.20p per kwh @ 1976 units = £930.46 yearly. / Gas: 31.31p SC and 11.75p per kwh @ 8000 units annual = £1054.25.  Making it £165.40 per month.

I decided to just check my British Gas account and today I am being offered: Fixed Oct 23v1:
Electricity: 47.247p SC and 51.591p per kwh @ 1976 units = £1,191.89 yearly. / Gas: 29.292p SC and 15.593p per kwh @ 8000 units annual = £1,353.91.  Making it £212.15per month.

So ensuring my maths is right its a no brainer to try GEUK right?

Alnat1

@jefferson89 Yes the fix applies to everything until the end date.

WeekendRoll289

Just got one through British Gas until October duel fuel 100 early termination fee 

gas unit 15.059
gas standing 24.48
electric unit 49.333
electric standing 42.063

i always think the energy companies will probably know more than us but this seems like a good deal until at least April next year. Any thoughts?

Doc_N

For what it’s worth, this is British Gas’s offer today:

Exclusive Fixed Energy v20

Electricity

Standing Charge - 28.40 p/day

Unit Price - 50.214 p/kWh

Gas

Standing Charge - 24.48 p/day

Unit Price - 15.157 p/kWh

Fixed Term - 1 year

Cancellation Fees - None

Anyone keeping a spreadsheet?

nrmsmith

WeekendRoll289 said:

Just got one through British Gas until October duel fuel 100 early termination fee 

gas unit 15.059
gas standing 24.48
electric unit 49.333
electric standing 42.063

i always think the energy companies will probably know more than us but this seems like a good deal until at least April next year. Any thoughts?

I don’t know whether they know more than us, but IMO you can assume they are looking after their own interests rather than the interests of their customers….

Keith_F

Looking at the Gas futures today (up 55% to highest price since March), and the news the Russia is planning to cut off supplies to the EU over winter, I would suggest the January price cap isn't going to be good news. 

If you are going to fix, do it now! 

You can bet the energy companies will be getting twitchy about the prices ahead. 

Doc_N

There must be a fair chance that the government will tinker with the so-called price cap mechanism and impose a lower cap than would normally apply - with subsidies to cover it.  That's one of the risks with a high-priced fixed contract.

daz378

I was lucky to fix on eon v11   in February   24.4 approx   ...I expect its going to hurt...when i come off it in Feb 23