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Brt, Gas Fixed Tariff Exclusive May 23v1 should I move from their current priced capped tariff?

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colingcp

colingcp Posts: 7 Forumite

First Post

First Anniversary

29 April 2022 at 12:07PM in Energy

Image: https://us-noi.v-cdn.net/6031891/uploads/editor/b2/9omacccjecqh.png

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

Comments

marcia_ Posts: 3,404 Forumite

29 April 2022 at 3:30PM

I've been offered this too so wondering if its worth taking

1
bristolleedsfan Posts: 12,644 Forumite

29 April 2022 at 3:34PM edited 29 April 2022 at 3:35PM

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

2
QrizB Posts: 18,181 Forumite

29 April 2022 at 3:36PM edited 29 April 2022 at 4:53PM

The MSE team think the "BG Exclusive May 2023 v1" tariff could be worth it:
https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-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 member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
Not exactly back from my break, but dipping in and out of the forum.
Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
3
marcia_ Posts: 3,404 Forumite

29 April 2022 at 4:04PM

Are bills really going to rise £500+ in October?

1
jimjames Posts: 18,657 Forumite

29 April 2022 at 4:26PM

marcia_ said:

Are bills really going to rise £500+ in October?

If you don't think so then I wouldn't take the fix.

Remember the saying: if it looks too good to be true it almost certainly is.
1
QrizB Posts: 18,181 Forumite

29 April 2022 at 4:54PM

marcia_ said:

Are bills really going to rise £500+ in October?

They could; it might be more or less than that, but a rise of some sorts looks inevitable.

N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
Not exactly back from my break, but dipping in and out of the forum.
Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2

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