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Brt, Gas Fixed Tariff Exclusive May 23v1 should I move from their current priced capped tariff?
I am new to this forum and also new to British Gas having been moved from Together Energy( formerly Bristol Energy) after they folded. I am currently on their price capped variable but have been offered their Exclusive May 23v 1tariff My current tariff BG Welcome Together - Electric Standing Charge 48.127 / Electric 27.865 per kwh ------- Gas SC 27.22 / gas 7.367 per kwh
New fixed offer - BG Exclusive May23v1 - Electric SC 54.976 / 32.693 per kwh ------ Gas SC 34.069 / gas 10.034
There is a penalty for leaving before end of term of 75.00 per supply ( £150.00) but BG say that if you opt for another BG offer this will not be charged.
I think I am calculating this correctly as a 22% increase? Martin Lewis says conside no more than a 15% increase on top of the April price cap but is this close enough and is it worth taking. I would apprecate any advice .Thank you
1
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I've been offered this too so wondering if its worth taking1
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Mentioned on this updated blog today as "could be worth considering"
https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/?utm_source=twitter&utm_medium=social&utm_campaign=bills&source=TWORG-BILLS&utm_content=1651226751&_ga=2.120196303.658393828.1651242666-140387103.1651242666&_gl=1*1q4hjra*_ga*MTQwMzg3MTAzLjE2NTEyNDI2NjY.*_ga_X74CWQS9F0*MTY1MTI0MjY2NS4xLjEuMTY1MTI0MjcxMS4w
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The MSE team think the "BG Exclusive May 2023 v1" tariff could be worth it:It works out as about £500/yr higher than the current capped SVT for the mythical average consumer.Edit: sorry bristolleedsfan, we were posting at the same time!N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.3 -
Are bills really going to rise £500+ in October?1
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They could; it might be more or less than that, but a rise of some sorts looks inevitable.marcia_ said:Are bills really going to rise £500+ in October?
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.2
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