FTB Gas & Electricity

Tumble1620

Morning All,

FTB here just moved in, contacted SSE, updated our details and been offered 2 fixed rates + a standard variable rate, is the standard variable rate the same as the price cap i keep hearing about? Not 100% on what we are better going for here? Completely new to this.

Also the electricity is pay as you go, do i need to register or change my details for this anywhere or am i ok just to keep topping it up?

Thank you

jimjames

Yes the standard rate is the price cap. At least you got offered it, online I was only offered the 2 fixed rates. On Twitter they've said you need to phone which seems crazy.

Tumble1620

Well was offered in on a whatsapp message yesterday, been given a link to update my tariff today but saying they cant change it online so be interesting to see if we still get offered it. I am guessing the standard variable rate is the best one to take if you get offered it? Thanks

Gerry1

Tumble1620 said:

I am guessing the standard variable rate is the best one to take if you get offered it? Thanks

Whatever you do will be a gamble, unless you have a superb crystal ball.  Nobody knows what the October cap will be, let alone the January, April ones etc.  Things are continually changing, so most people seem to be staying with the SVT for the time being. You can always get the SVT, you'll be on it as soon as you usage any energy. To stay on it, just avoid signing up to any fixed tariffs.