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

Doc_N

Cloth_of_Gold said:

Cloth_of_Gold said:

Hi, I would appreciate some advice please.

Our fixed deal with Scottish Power ended yesterday and we have been offered a new 1 or 2 year fixed deal. We haven't done anything about it yet and so from today are on the standard tariff. Our usage for the 12 months ending May 2022, according to Scottish Power, was 7989KWH. It is likely to be less in the coming year as we are now being more careful about our energy usage, but I can't see it being hugely less.

The one year deal they have offered (Green Flexi August 2023 M1) has a standing charge of 32.14p per day and a unit cost of 45.692p/KWH. The standard rate currently has the same standing charge but the unit rate is only 29.632p/KWH.   About a month ago they reminded us that our then fixed rate was due to end and we looked at what was on offer but obviously didn't switch then. The standard rate was the same then as it is today though. I would have to check but, from memory, on our previous deal we were paying something like 18 or 19p per unit, so this would represent an increase of about 150%, which seems excessive, from the figures I hear on the news. In the last 12 months we paid something like £1500 for our electricity and they are forecasting with the fixed deal around £3800! We don't have any gas appliances at the moment.

My question is, 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not be to our advantage or whether, in fact, the standard tariff will rocket soon, by which time these deals will have been replaced by something even more expensive and we will rue not taking what's on offer now.

I just checked what SP is offering us now as a fixed rate. They are only offering us two, and the cheapest of those is the Green Flexi August 2023 M2. The rates are 53.7 p/KWH and 32.14 SC. The SC is the same as what they offered 4 weeks ago but the unit rate has gone up by 8p, or 17.5%. We stayed on the variable rate of 29.6p/KWH and SC of 32.14p/day.  4 weeks ago, according to SP, our annual usage is 7989 KWH, today, and after submitting a reading on 1/7, it has gone down to 6899.

I just checked Green Energy's website and they are quoting us the same SC as SP but a UR of 'only' 45.57p/KWH. This offer is basically the same as that being offered by SP 4 weeks ago, and which we rejected in favour of staying on the SVR. Clearly that was the correct decision then, as we have saved a little over the last 4 weeks by paying 16p/KWH less than we would have done had we switched.

My question is does anyone have any feeling for how long this Green Energy tariff will last? Naturally, it's better to stay on the SVR as long as possible but we don't want to miss out if the Green Energy tariff jumps significantly in the near future. I know that no one knows for certain what is going to happen but does anyone have a feeling for what we should do - stay on SPs SVR, at least for now, or move now to Green Energy's Sparkling fixed tariff?

Isn’t the real question how long Green Energy itself will last?

Spoonie_Turtle

Doc_N said:

Cloth_of_Gold said:

Cloth_of_Gold said:

Hi, I would appreciate some advice please.

Our fixed deal with Scottish Power ended yesterday and we have been offered a new 1 or 2 year fixed deal. We haven't done anything about it yet and so from today are on the standard tariff. Our usage for the 12 months ending May 2022, according to Scottish Power, was 7989KWH. It is likely to be less in the coming year as we are now being more careful about our energy usage, but I can't see it being hugely less.

The one year deal they have offered (Green Flexi August 2023 M1) has a standing charge of 32.14p per day and a unit cost of 45.692p/KWH. The standard rate currently has the same standing charge but the unit rate is only 29.632p/KWH.   About a month ago they reminded us that our then fixed rate was due to end and we looked at what was on offer but obviously didn't switch then. The standard rate was the same then as it is today though. I would have to check but, from memory, on our previous deal we were paying something like 18 or 19p per unit, so this would represent an increase of about 150%, which seems excessive, from the figures I hear on the news. In the last 12 months we paid something like £1500 for our electricity and they are forecasting with the fixed deal around £3800! We don't have any gas appliances at the moment.

My question is, 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.

I just checked what SP is offering us now as a fixed rate. They are only offering us two, and the cheapest of those is the Green Flexi August 2023 M2. The rates are 53.7 p/KWH and 32.14 SC. The SC is the same as what they offered 4 weeks ago but the unit rate has gone up by 8p, or 17.5%. We stayed on the variable rate of 29.6p/KWH and SC of 32.14p/day.  4 weeks ago, according to SP, our annual usage is 7989 KWH, today, and after submitting a reading on 1/7, it has gone down to 6899.

I just checked Green Energy's website and they are quoting us the same SC as SP but a UR of 'only' 45.57p/KWH. This offer is basically the same as that being offered by SP 4 weeks ago, and which we rejected in favour of staying on the SVR. Clearly that was the correct decision then, as we have saved a little over the last 4 weeks by paying 16p/KWH less than we would have done had we switched.

My question is does anyone have any feeling for how long this Green Energy tariff will last? Naturally, it's better to stay on the SVR as long as possible but we don't want to miss out if the Green Energy tariff jumps significantly in the near future. I know that no one knows for certain what is going to happen but does anyone have a feeling for what we should do - stay on SPs SVR, at least for now, or move now to Green Energy's Sparkling fixed tariff?

Isn’t the real question how long Green Energy itself will last?

There seems to be some restored confidence in them now on here since their new version of the tariff went up today with increased rates.

trigg81

Im thinking of not moving to Green Energy in case they do go under as I'm in this mess because of a green company that went under in the first place. Currently on a variable standard with EDF. They emailed me with the 150exclusive code last week, but I tried to use it today and it says it can't be used with the tariff we are offered. 

Can anyone advise if this deal is one we should jump on now to avoid costlier prices in October?

How we worked out your estimates 

 
Electricity

 
Gas

First we estimated your energy use for the next year.

Your estimated annual energy use  

3,167kWhYour estimated annual electricity use is 3,167 kilowatt hours.

5,398kWhYour estimated annual gas use is 5,398 kilowatt hours

To work out the cost of this energy, we multiplied it by the tariff's unit rates.

Unit rate  

52.11p

Electricity unit rate: 52.11 pence

16.911pGas unit rate: 16.911 pence

Daily standing charge  We then added your daily standing charges for the year.

Electricity standing charge: 48.15 pence per day48.15p

Gas standing charge: 27.22 pence per day27.22p

This calculation tells us your estimated annual cost is £1,825.75 for electricity and £1,012.16 for gas.

Your estimated annual energy cost  

£ 1,825.75

£ 1,012.16

Current tariff

End date

None

Unit rates

Electricity: 28.29p per kWhUnit rate: 28.29 pence per kilowatt hour

Gas: 7.444p per kWhGas unit rate: 7.444 pence per kilowatt hour

Daily standing charges

Electricity: 48.15p per dayElectricity standing charge: 48.15 pence per day

Gas: 27.22p per day

Doc_N

Spoonie_Turtle said:

Doc_N said:

Cloth_of_Gold said:

Cloth_of_Gold said:

Hi, I would appreciate some advice please.

Our fixed deal with Scottish Power ended yesterday and we have been offered a new 1 or 2 year fixed deal. We haven't done anything about it yet and so from today are on the standard tariff. Our usage for the 12 months ending May 2022, according to Scottish Power, was 7989KWH. It is likely to be less in the coming year as we are now being more careful about our energy usage, but I can't see it being hugely less.

The one year deal they have offered (Green Flexi August 2023 M1) has a standing charge of 32.14p per day and a unit cost of 45.692p/KWH. The standard rate currently has the same standing charge but the unit rate is only 29.632p/KWH.   About a month ago they reminded us that our then fixed rate was due to end and we looked at what was on offer but obviously didn't switch then. The standard rate was the same then as it is today though. I would have to check but, from memory, on our previous deal we were paying something like 18 or 19p per unit, so this would represent an increase of about 150%, which seems excessive, from the figures I hear on the news. In the last 12 months we paid something like £1500 for our electricity and they are forecasting with the fixed deal around £3800! We don't have any gas appliances at the moment.

My question is, 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.

I just checked what SP is offering us now as a fixed rate. They are only offering us two, and the cheapest of those is the Green Flexi August 2023 M2. The rates are 53.7 p/KWH and 32.14 SC. The SC is the same as what they offered 4 weeks ago but the unit rate has gone up by 8p, or 17.5%. We stayed on the variable rate of 29.6p/KWH and SC of 32.14p/day.  4 weeks ago, according to SP, our annual usage is 7989 KWH, today, and after submitting a reading on 1/7, it has gone down to 6899.

I just checked Green Energy's website and they are quoting us the same SC as SP but a UR of 'only' 45.57p/KWH. This offer is basically the same as that being offered by SP 4 weeks ago, and which we rejected in favour of staying on the SVR. Clearly that was the correct decision then, as we have saved a little over the last 4 weeks by paying 16p/KWH less than we would have done had we switched.

My question is does anyone have any feeling for how long this Green Energy tariff will last? Naturally, it's better to stay on the SVR as long as possible but we don't want to miss out if the Green Energy tariff jumps significantly in the near future. I know that no one knows for certain what is going to happen but does anyone have a feeling for what we should do - stay on SPs SVR, at least for now, or move now to Green Energy's Sparkling fixed tariff?

Isn’t the real question how long Green Energy itself will last?

There seems to be some restored confidence in them now on here since their new version of the tariff went up today with increased rates.

I don’t think the confidence or lack of confidence in here is going to make any difference. If tariffs are out of line with the rest of the market there has to be a reason. And let’s not forget that this is one of a small number of companies under investigation by Ofgem over unacceptably high direct debit increases. Those are warning signs to me.

wibbler

Doc_N said:

I don’t think the confidence or lack of confidence in here is going to make any difference. If tariffs are out of line with the rest of the market there has to be a reason. And let’s not forget that this is one of a small number of companies under investigation by Ofgem over unacceptably high direct debit increases. Those are warning signs to me.

Do you have a link for this? Could the direct debit increase complaints be because of the variable DD policy, and the winter increases are a shock if you don't prepare?

pochase

Cloth_of_Gold said:

Cloth_of_Gold said:

Hi, I would appreciate some advice please.

Our fixed deal with Scottish Power ended yesterday and we have been offered a new 1 or 2 year fixed deal. We haven't done anything about it yet and so from today are on the standard tariff. Our usage for the 12 months ending May 2022, according to Scottish Power, was 7989KWH. It is likely to be less in the coming year as we are now being more careful about our energy usage, but I can't see it being hugely less.

The one year deal they have offered (Green Flexi August 2023 M1) has a standing charge of 32.14p per day and a unit cost of 45.692p/KWH. The standard rate currently has the same standing charge but the unit rate is only 29.632p/KWH.   About a month ago they reminded us that our then fixed rate was due to end and we looked at what was on offer but obviously didn't switch then. The standard rate was the same then as it is today though. I would have to check but, from memory, on our previous deal we were paying something like 18 or 19p per unit, so this would represent an increase of about 150%, which seems excessive, from the figures I hear on the news. In the last 12 months we paid something like £1500 for our electricity and they are forecasting with the fixed deal around £3800! We don't have any gas appliances at the moment.

My question is, 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.

I just checked what SP is offering us now as a fixed rate. They are only offering us two, and the cheapest of those is the Green Flexi August 2023 M2. The rates are 53.7 p/KWH and 32.14 SC. The SC is the same as what they offered 4 weeks ago but the unit rate has gone up by 8p, or 17.5%. We stayed on the variable rate of 29.6p/KWH and SC of 32.14p/day.  4 weeks ago, according to SP, our annual usage is 7989 KWH, today, and after submitting a reading on 1/7, it has gone down to 6899.

I just checked Green Energy's website and they are quoting us the same SC as SP but a UR of 'only' 45.57p/KWH. This offer is basically the same as that being offered by SP 4 weeks ago, and which we rejected in favour of staying on the SVR. Clearly that was the correct decision then, as we have saved a little over the last 4 weeks by paying 16p/KWH less than we would have done had we switched.

My question is does anyone have any feeling for how long this Green Energy tariff will last? Naturally, it's better to stay on the SVR as long as possible but we don't want to miss out if the Green Energy tariff jumps significantly in the near future. I know that no one knows for certain what is going to happen but does anyone have a feeling for what we should do - stay on SPs SVR, at least for now, or move now to Green Energy's Sparkling fixed tariff?

You are aware that this is the new fixed tariff and was introduced earlier this morning?

You have missed the tariff with electricity rates below 40p by a few hours. That tariff was available for several weeks, but nobody will be able to tell you how long the new one will be available, depending on further new bad news regarding the predicted cap it might be weeks, or hours.

Doc_N

wibbler said:

Doc_N said:

I don’t think the confidence or lack of confidence in here is going to make any difference. If tariffs are out of line with the rest of the market there has to be a reason. And let’s not forget that this is one of a small number of companies under investigation by Ofgem over unacceptably high direct debit increases. Those are warning signs to me.

Do you have a link for this? Could the direct debit increase complaints be because of the variable DD policy, and the winter increases are a shock if you don't prepare?

There are several, but this one’s a reasonable summary:

https://www.simplyswitch.com/ofgem-orders-energy-suppliers-to-take-urgent-action-to-fix-direct-debit-failings/

dw22

I fixed with Sainsbury's Energy at the end of September 2021 so have been cushioned from the worst of the price rises. 

Current Tariff

Gas Standing 19.27p / Unit 3.78p
Electricity Standing 19.97p / Unit 19.2p

I pay £66 / month and am in credit. 

They have offered One Year Smooth Renew tariff from the end of my current deal.

Suggested Tariff

Gas Standing 27.22p / Unit 12.81p
Electricity Standing 48.53p / Unit 50.23p

My estimated usage is 5123 for gas and 2143 for electricity.

With the very recent increase in the expected price cap, might it be best for me to lock into the fix now?

Spoonie_Turtle

Doc_N said:

Spoonie_Turtle said:

Doc_N said:

Cloth_of_Gold said:

Cloth_of_Gold said:

Hi, I would appreciate some advice please.

Our fixed deal with Scottish Power ended yesterday and we have been offered a new 1 or 2 year fixed deal. We haven't done anything about it yet and so from today are on the standard tariff. Our usage for the 12 months ending May 2022, according to Scottish Power, was 7989KWH. It is likely to be less in the coming year as we are now being more careful about our energy usage, but I can't see it being hugely less.

The one year deal they have offered (Green Flexi August 2023 M1) has a standing charge of 32.14p per day and a unit cost of 45.692p/KWH. The standard rate currently has the same standing charge but the unit rate is only 29.632p/KWH.   About a month ago they reminded us that our then fixed rate was due to end and we looked at what was on offer but obviously didn't switch then. The standard rate was the same then as it is today though. I would have to check but, from memory, on our previous deal we were paying something like 18 or 19p per unit, so this would represent an increase of about 150%, which seems excessive, from the figures I hear on the news. In the last 12 months we paid something like £1500 for our electricity and they are forecasting with the fixed deal around £3800! We don't have any gas appliances at the moment.

My question is, 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.

I just checked what SP is offering us now as a fixed rate. They are only offering us two, and the cheapest of those is the Green Flexi August 2023 M2. The rates are 53.7 p/KWH and 32.14 SC. The SC is the same as what they offered 4 weeks ago but the unit rate has gone up by 8p, or 17.5%. We stayed on the variable rate of 29.6p/KWH and SC of 32.14p/day.  4 weeks ago, according to SP, our annual usage is 7989 KWH, today, and after submitting a reading on 1/7, it has gone down to 6899.

I just checked Green Energy's website and they are quoting us the same SC as SP but a UR of 'only' 45.57p/KWH. This offer is basically the same as that being offered by SP 4 weeks ago, and which we rejected in favour of staying on the SVR. Clearly that was the correct decision then, as we have saved a little over the last 4 weeks by paying 16p/KWH less than we would have done had we switched.

My question is does anyone have any feeling for how long this Green Energy tariff will last? Naturally, it's better to stay on the SVR as long as possible but we don't want to miss out if the Green Energy tariff jumps significantly in the near future. I know that no one knows for certain what is going to happen but does anyone have a feeling for what we should do - stay on SPs SVR, at least for now, or move now to Green Energy's Sparkling fixed tariff?

Isn’t the real question how long Green Energy itself will last?

There seems to be some restored confidence in them now on here since their new version of the tariff went up today with increased rates.

I don’t think the confidence or lack of confidence in here is going to make any difference. If tariffs are out of line with the rest of the market there has to be a reason. And let’s not forget that this is one of a small number of companies under investigation by Ofgem over unacceptably high direct debit increases. Those are warning signs to me.

Agreed of course, I was just pointing out that one of the reasons people were getting nervous (relatively very low unit prices) is now much less of a factor.

MEANEY

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. 

In relation to this thread. This is my latest offer from Scottish power. Is this an acceptable offer? My fixed rate ends in December 2022. I’m confused whether to stick on the latest fixed offer or go onto the cap rate?