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

Doc_N

MACKEM99 said:

Boris said the energy companies should act in the national interest ..how will that work with the French owner EDF?

😁

Johnson’s a lying, incompetent crook - best ignore anything he says.

1900sr

Altior said:

Reasonably painful, however taken the gamble of renewing with Sainsbury energy Smooth Renew v19, no exit fee and I was able to keep the existing contract terms to the termination date. Renewal email (with these offers, received today) indicated that the offer could be withdrawn at any time.

I've had the same, although the website isn't letting me renew at the moment, tells me something's gone wrong at their end.

alfmurph

I am a long term scottish power customer for electric only .
Always been on variable rate .
They are saying if i want to go on a fixed deal i must pay £150 exit fee .
Why .
Offer was £90 monthly but now £180 and when i try to click on it the price changing to £210 .

pochase

You got that wrong, you pay the exit fee if you have taken the fixed tariff and want to get out before the end of the tariff.

The price for the fixed tariffs have increase with each new higher prediction for the SVT. The higher the SVT might get , the mor expensive the fixed tariffs have become, and they are still increasing.

Doc_N

And in today's news:

"Labour is to call for the energy price cap to be frozen this autumn, part of a plan to deal with the cost of living.

Sir Keir Starmer is expected to make the call in a speech on Monday, in which he will explain how Labour would pay for the plan if it was in power.

The cap - the maximum amount suppliers can charge customers in England, Scotland and Wales - is £1,971 a year.

But experts expect it to climb to around £3,500 a year and for every household to see steep rises in bills."

Some hope yet - if the toxic Tories are forced, politically, into doing this to avoid damaging their election prospects, and rioting on the streets.  They never really recovered from the Poll Tax riots (even though the idea itself was a sound one).

Mstty

I think it would be wiser for all to suffer a bit(not excessively), learn how to cut energy use, budget and not buy every shiny thing out there.

In the mean time all these billions people want the government to give them for free should be spent solving this issue for the future and not just helping the now. 

Tough decision for a government to make but it would be better investing this 40bn plus into solving the energy issues we have to become self sustaining rather than hand it out for free. (When I say free tax paying people.will pay for all of this)

Doc_N

And another proposal in today’s Sunday Times:

Keith Anderson, the chief executive of ScottishPower, proposed that bills should be frozen at their present level of £1,971 for two years. Suppliers would cover the gap between this and the wholesale price by borrowing from a “deficit fund” supported by commercial banks, with the sums repaid over ten to 15 years. The cost would be passed on to consumers in bills over this period or moved into general taxation.

There are risks in fixing now at high prices!

Alnat1

Works OK if prices drop back down but if they remain at high levels for more than a couple of years then it's really only kicking the can down the road, with less to spend on investment on solutions to what is an ongoing problem.

Mstty

I would love a strong government to come out and say, we will all have a rough time of it for a few years but we are going to invest in the future rather than dishing out free cash.

This will mean the UK is self sufficient for the generations to come.

Oh the dream. Like my nan says this is nothing like what we went through the war, this is just a gloomy cloud in the sky. Perhaps we could say we went through a tough few years so the energy crisis can never happen again. Wouldn't that be a nice legacy?

It's all me me me in the now now now for many.

We have slashed everything in preparation. No new phones for 4 years, sim only contracts. Cut the broadband down to smallest cost, no TV subscriptions (free view is pretty good when you remember channels 1-3 and wow....Channel 4 is coming! Haggled.on every insurance renewal or swapped through a cashback site.

We are now looking at switching bank accounts for some extra cash and the cashback debit card accounts.

We refuse to go over a fixed amount for shopping despite what we see as over 20% rise in some products. 

We downloaded the petrol prices app and get cheapest fuel when out and about on other journeys.

Reducing water use. 

We haven't just done this to pay for energy or boost savings for when our prices rocket. We have done this so we can still supplier local businesses(not as often) and still have a nice quality of life.

The list goes on and this is what everyone should be doing especially those that will receive £1200+ this year.

No more free cash, no buy now pay later schemes with commercial banks (I blame Klarna and the like) just a tough time and a legacy for generations to come.

Who's with me.........(tumbleweed lol) 

redskins1791

Mentioned in an earlier post I paid £92.70 a month for my Electricity on a fixed rate, and new quote is £236 a month, this is on Outfox the market, which apparently does have high rates.

Checking Octopus they suggest anyone now coming to the end of a fixed rate deal, should not switch companies or go onto a new deal, but just stay where they are and get switched to the default rates. This is because you then qualify for the goverments price cap.

Not sure if this is the right advice as I am no expert, does anyone know if all electricity companies have to adhere to this ?