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

Claireybella1978

We are with Scottish Power for Gas and Electric, we were paying £113 per month, the new tariff they are offering us is estimated at £321.50 per month.  I thought that the prices were going up by 54%?  Should I be querying this with Scottish Power?!

pochase

Claireybella1978 said:

We are with Scottish Power for Gas and Electric, we were paying £113 per month, the new tariff they are offering us is estimated at £321.50 per month.  I thought that the prices were going up by 54%?  Should I be querying this with Scottish Power?!

The prices are not going up by 54%, the prices for a user who uses exactly 12000KWh of gas and 2900KWh of electricity and who lives in one specific region and pays by direct debit and is already on a standard variable tariff is going up by 54%, change one of the variables and the price increase percentage will change.

You are quoting direct debit amounts, that is not the change in cost, that is what your supplier asks you to pay upfront based on his estimates what energy you are going to use in the next 12 months.

Are you coming off a fixed tariff? That is at the moment the worst shock you can have. Price increases of 100% for electricity and 300 to 350% for gas are not unusual.

If you want somebody to have closer look if the new direct debit is justified you need to give us your energy use for the last 12months for gas and electricity (electricity day and night use if you are on E7). As E7 rates differ between suppliers we would also need day and night rates if you are on E7, otherwise to know what energy region you are in is enough. Last point is we need to know if you are in credit or debt on the last bill, and by how much.

Lula71

Hi this is my first time so apologies if I’m posting in the wrong place! My fixed rate finishes at the end of the month and my provider have offered me the following..what do you think? Should I fix or go onto the variable? 

If I go fixed the daily charge for gas is £12.251 the kwh is £8.526. Electric daily charge is £28.248 the kwh is £36.847

If I go variable, gas daily charge is £13.979 the kwh is £7.225. Electric daily charge is £35.703 the kwh is £27.09. 

To me it doesn’t look like much between them so I’m thinking fix, but I don’t have a trained eye in these things so I’d welcome feedback. Many thanks

manetti

Existing customer offer from EDF today. We're coming to the end of a 2-year fixed deal. South of England.

Exit fee: £300

QrizB

manetti said:

Existing customer offer from EDF today. We're coming to the end of a 2-year fixed deal. South of England.
Exit fee: £300

For the fixed-rate offer, electricity is 22% higher than the capped variable while gas is 32% higher. I would imagine that the variable tariff will cost less over the next 11 months but it's anyone's guess what the April 2023 cap will be.

locky123

Moved to BG as SOLR for electric

Current tariff
Welcome to British Gas
Standing charge:
48.527p per day
Unit rate:
27.358p per kWh

New offer
Exclusive May 23v1
Fixed price energy until 31st May 2023**
Exit fees of £75.00 per fuel if you switch to another supplier. No exit fees for switching to another British Gas tariff
Standing charge:
55.376p per day
Unit rate:
32.186p per kWh

Coincidence that this is about 17% increase in unit rates?

AjSaunders

Hi All,

My existing dual fuel fixed deal comes to an end on June 1st and EDF have given me an option to fix, and would appreciate your thoughts.

The variable rate they have is

Elec Unit / S-Chrg  /    Gas Unit/   S-Chrg

27.836

49.644

7.335

27.216

Offer: Fix Total Service May 24v4 (£150 early exit for each fuel so £300 total if a Greeeeat deal comes up later)

Elec Unit /

S-Chrg

/ Gas Unit/ S-Chrg

34.85

49.65

9.692

27.22

I roughly calculate this as a 25% increase over variable for electric, and 32% increase over gas. I remember seeing that if you get a deal around the 25% mark or lower it would be a good bet. But now unsure because the gas is higher. 
I have signed up for the fix, but within my 14 cooling off period.....just wondering what your thought are?
Thanks in advance

pochase

If you have signed up already you feel that the security is worth the higher price.

It also depends a bit on how much gas you use in relation to electricity. You need to calculate your cost using real usage figures, and than compare the cost to the current SVT, and calculate by how much the new SVT needs to increase to benefit you.

Calculate also the additional 4 months you are paying now already the more expensive rate, that you need to the comparison. The new October SVT needs to not just break even, it needs to be more expensive, otherwise you don't benefit.

The higher percentage for gas should not be a problem, it is expected that like last CAP the increase for gas will again be higher than the increase for electricity.

Personally I think the fix is a bit on the high side, especially with the exit fees, but you never know. It depends of course also on a few other things like how well can you afford the higher cost, how high is your monthly cost, so is the exit fee a month or six or what is the additional cost per month on the fix. 

Claireybella1978

pochase said:

Claireybella1978 said:

We are with Scottish Power for Gas and Electric, we were paying £113 per month, the new tariff they are offering us is estimated at £321.50 per month.  I thought that the prices were going up by 54%?  Should I be querying this with Scottish Power?!

The prices are not going up by 54%, the prices for a user who uses exactly 12000KWh of gas and 2900KWh of electricity and who lives in one specific region and pays by direct debit and is already on a standard variable tariff is going up by 54%, change one of the variables and the price increase percentage will change.

You are quoting direct debit amounts, that is not the change in cost, that is what your supplier asks you to pay upfront based on his estimates what energy you are going to use in the next 12 months.

Are you coming off a fixed tariff? That is at the moment the worst shock you can have. Price increases of 100% for electricity and 300 to 350% for gas are not unusual.

If you want somebody to have closer look if the new direct debit is justified you need to give us your energy use for the last 12months for gas and electricity (electricity day and night use if you are on E7). As E7 rates differ between suppliers we would also need day and night rates if you are on E7, otherwise to know what energy region you are in is enough. Last point is we need to know if you are in credit or debt on the last bill, and by how much.

I can't get my usage for the last year at the moment as the stupid Scottish Power website isn't working.  We are in credit by £357.40 and they have said that they have taken that into account with our DD charges over the next year.  New tariff charges below:

Electric

Supplier	ScottishPower
Tariff name	Green Flexi May 2023 M1
Tariff type	Flexi Price
Payment method	Monthly Direct Debit
Standing Charge	43.39p per day
Unit rate	47.610p per kWh
Tariff ends on	31/05/2023
Price guaranteed until	30/06/2022

 

Gas

Supplier	ScottishPower
Tariff name	Green Flexi May 2023 M1
Tariff type	Flexi Price
Payment method	Monthly Direct Debit
Standing Charge	27.22p per day
Unit rate	15.591p per kWh
Tariff ends on	31/05/2023
Price guaranteed until	30/06/2022

chezzzer

Hi can anyone tell me the % increase on the below 3 deals? Does ML advise to fix if lower than 25%?

Thank you 😊

My current OVO tariff is

Elec 15.59p per kWh and SC 22.39 p/day

Gas 3.11p per kWh and SC 26.04 p/day

And my DD is currently £120 p/mth

ELEC Future annual consumption   4745 kWh

GAS Future annual consumption   9128 kWh

 

Ovo new plans offered for June 2022.

Variable plan paid by Direct Debit

Elec 28.01p kWh 42.24 p/day S/Charge

Gas 7.34 p/kWh 27.22p/day S/Charge

 

Or, 1 yr fixed better energy plan

Elec 37.91p kWh 44.46 p/day S/Charge

Gas 11.03 p/kWh 27.52p/day S/Charge

 

Or, 2 yr fix & protect plan

Elec 37.38p kWh 44.46 p/day S/Charge

Gas 10.77 p/kWh 27.52p/day S/Charge