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

QrizB

Spoonie_Turtle said:

QrizB said:

Yoda85 said:

My fix (£75 a month - which I will really miss!) ends at the end of the month. Would this be worth switching to? I think it has a £0 exit fee.

A week ago, we'd have said no; we were expecting the SVT to be cheaper than that through the winter.

In light of today's updated forecasts, Loyal Octopus July 2022 v2 might be worth taking after all.

Oh poop.  Do we have a breakdown of the new estimated rates?

No detail yet, but this from Saint Martin of Lewis:

wibbler

Spoonie_Turtle said:

QrizB said:

Yoda85 said:

My fix (£75 a month - which I will really miss!) ends at the end of the month. Would this be worth switching to? I think it has a £0 exit fee.

A week ago, we'd have said no; we were expecting the SVT to be cheaper than that through the winter.

In light of today's updated forecasts, Loyal Octopus July 2022 v2 might be worth taking after all.

Oh poop.  Do we have a breakdown of the new estimated rates?

https://twitter.com/martinslewis/status/1552333029951131648

Yoda85

QrizB said:

Yoda85 said:

My fix (£75 a month - which I will really miss!) ends at the end of the month. Would this be worth switching to? I think it has a £0 exit fee.

A week ago, we'd have said no; we were expecting the SVT to be cheaper than that through the winter.

In light of today's updated forecasts, Loyal Octopus July 2022 v2 might be worth taking after all.

Thanks - I was thinking (unfortunately) the same based on the predictions this evening. 

What has annoyed me is I was being given Co-op Energy loyalty rates (I moved over from Co-op to Octopus several years ago). I saw tonight that these were higher than the Octopus-branded rates. When I queried it, they confirmed Co-op rates are higher than Octopus ones (despite my impression being there was no difference and it was all just one company now). 

I would recommend anyone on the old legacy Co-op Energy rates checking/querying this!

[I’m also kicking myself because I was offered a fix £25 a month cheaper a couple of weeks ago, but missed accepting it by 24H before it jumped up!]

Spoonie_Turtle

wibbler said:

Spoonie_Turtle said:

QrizB said:

Yoda85 said:

My fix (£75 a month - which I will really miss!) ends at the end of the month. Would this be worth switching to? I think it has a £0 exit fee.

A week ago, we'd have said no; we were expecting the SVT to be cheaper than that through the winter.

In light of today's updated forecasts, Loyal Octopus July 2022 v2 might be worth taking after all.

Oh poop.  Do we have a breakdown of the new estimated rates?

https://twitter.com/martinslewis/status/1552333029951131648

Thanks, I should have been more specific though as I meant unit rates - my fault entirely for missing out the vital word!

bristolleedsfan

Yoda85 said:

QrizB said:

Yoda85 said:

My fix (£75 a month - which I will really miss!) ends at the end of the month. Would this be worth switching to? I think it has a £0 exit fee.

A week ago, we'd have said no; we were expecting the SVT to be cheaper than that through the winter.

In light of today's updated forecasts, Loyal Octopus July 2022 v2 might be worth taking after all.

Thanks - I was thinking (unfortunately) the same based on the predictions this evening. 

[I’m also kicking myself because I was offered a fix £25 a month cheaper a couple of weeks ago, but missed accepting it by 24H before it jumped up!]

Loyal Octopus July 2022 v2 withdrawn and  replaced  again by more expensive v3

spot1034

Blimey, just seen that Eon Next 1 Year v17 has replaced v16 overnight and electricity per kWh in my region rises in one go from 62.51p to 72.85p. Gas up from 15.38p to 17.88p. (all direct debit version) 

Admittedly this is Eon Next's expensive tariff and there's the cheaper option for existing customers (Next Online v17) which hasn't changed yet, but if one has gone up by that much, the other one can't be far behind.

imorgan

What are people's thoughts on e'on next 1 year fixed 17 in light of current events?

I've been quoted:

Gas

SC 27.22p

Unit 13p

Electricity

SC 51.63p

Unit 51.28p

E'on estimated £1170 a year based on last year's usage however my boiler was broken for a large chunk of that so my gas usage will be higher this coming year.

pochase

My general thought on all the questions here is that if you have a offer for a tariff you think that is worth considering take it immediately (if they offer a cool off).

After you have secured the tariff you can start looking into the details and ask questions.

It is more than likely that fixed tariff you are considering might be gone in a day or two. So secure the tariff now and ask the questions in the two week cool off!

pearl123

Yoda85 said:

My fix (£75 a month - which I will really miss!) ends at the end of the month. Would this be worth switching to? I think it has a £0 exit fee. 

Loyal Octopus 12M Fixed 

Electricity unit rate (standard): 44.97p/kWh

Electricity standing charge: 44.48p/day

Gas unit rate: 15.03p/kWh

Gas standing charge: 27.22p/day

Monthly cost: £181.12

Annual cost: £2,173.38

I think the rate has gone up has changed overnight. 

Loyal Octopus 12M Fixed 

Electricity unit rate (standard): 51.31p /kW

Electricity standing charge: 41.39p /day

Gas unit rate: 15.56p /kWh

Gas standing charge: 27.22p/day

Monthly cost: £164.03

Annual cost: £1,968.33   (At present I pay £1,152.10) For me, it's £816.23 more. 

It's so difficult  to know what to do. 

lindsaygalaxy

Morning. 

Our fix ends at the end of of August with SSE. This is the 2 choices they are offering - 
standard rate: 
Electric SC - 43.49p/d
electric UR - 28.46 p/kw
Gas SC - 27.22 p/d
gas UR- 7.48 p/kw

fixed rate 1 year v32, £30 to leave early (to a different supplier) 
Electric SC - 49.91 p/d
Electric UR - 50.35 p/kw
Gas SC - 27.53 p/d
Gas UC - 15.57 p/kw

Is this a good fix? Thank you.