New fixed deal from British Gas

Gollom122

Astria said:

Gollom122 said:

[Deleted User] said:

I didn’t say anything of the sort. You’ve certainly misunderstood a lot of things though, that much is clear.

If you got off your soap box for a moment perhaps enlightenment could be appreciated rather than chucking negative statements around. 

If your fixed rate is higher than the October price cap then you will end up paying more for your energy as the starting price is more. Simple as.

If you would have been paying 51p, you'll pay 34p.

If you would have been paying 60p, you'll pay 43p.

So if your fixed rate was > 51p it makes sense to drop onto the SVT.

Thank you. I didn’t know that. So it’s a 17p reduction? Contrary to what’s being said that is not a cap. 

The fixed rate I am on until July ‘23 is 32.24 electricity and gas 10.2. 

Standard tariff is 32.239 electricity and 10.199 gas. 

Exit fees are £75 per supply. So I am pretty much on price cap and any saving would be more than lost with fees. 

I still don’t see why I should volunteer to switch when all they need to do is apply the 0.01p discount to meet the epg. 

Foxmiester

@gollom122 there are no exit fees to switch to the variable government assisted  british gas tariff.

Foxmiester

@Gollom122 as far as I'm aware everyone's unit rate was dropped on the 1st of October in line with the government assisted tariff no matter if your on a fix or not all bar .001p Its the daily standing charge they are not adjusting I was overpaying by 6p per day £21.90 a year although to some people it doesn't sound alot and many people will not bother chasing it up but times that by a million customers and british gas are laughing all the way to the bank

alfmurph

British gas - gas only .
Changed from standard tariff to oct23 fix when prices looked like going out of control .
No direct debit been taken of yet .
E-mail from them today saying fixed tariff is now £1350 annually but i can go back on standard tariff at £1250 annually but they will charge me £100 to change .
I thought changing tariff with same company was free .
If not free is there any point on going back to standard as it will cost me £1350 either way .

WinstonTown

Foxmiester said:

@RL11 I posted on a BG Facebook post today asking why the standing charge was more. They asked me to DM them so I did. I got a response within 2 hours and before I had chance to reply it was followed by a email saying "action required switch tariff to save money". So I'm switching to the variable tariff and if you click the link in the email it's backdated to 1st October.  it's amazing what happens if you moan enough. I have a work colleague with BG and he hasn't heard anything from them.

Also received this email today - my fix was only until July ‘23 anyway, so I’ll be back to SVT as well.

RL11

alfmurph said:

British gas - gas only .
Changed from standard tariff to oct23 fix when prices looked like going out of control .
No direct debit been taken of yet .
E-mail from them today saying fixed tariff is now £1350 annually but i can go back on standard tariff at £1250 annually but they will charge me £100 to change .
I thought changing tariff with same company was free .
If not free is there any point on going back to standard as it will cost me £1350 either way .

Should be no charge to switch. Their website says: "You can still switch to our standard variable tariff now without paying exit fees."
https://www.britishgas.co.uk/energy/price-cap.html

[Deleted User]

Gollom122 said:

Astria said:

Gollom122 said:

Deleted_User said:

I didn’t say anything of the sort. You’ve certainly misunderstood a lot of things though, that much is clear.

If you got off your soap box for a moment perhaps enlightenment could be appreciated rather than chucking negative statements around. 

If your fixed rate is higher than the October price cap then you will end up paying more for your energy as the starting price is more. Simple as.

If you would have been paying 51p, you'll pay 34p.

If you would have been paying 60p, you'll pay 43p.

So if your fixed rate was > 51p it makes sense to drop onto the SVT.

Thank you. I didn’t know that. So it’s a 17p reduction? Contrary to what’s being said that is not a cap. 

The fixed rate I am on until July ‘23 is 32.24 electricity and gas 10.2. 

Standard tariff is 32.239 electricity and 10.199 gas. 

Exit fees are £75 per supply. So I am pretty much on price cap and any saving would be more than lost with fees. 

I still don’t see why I should volunteer to switch when all they need to do is apply the 0.01p discount to meet the epg. 

So you misunderstood and ranted about it.

It’s a cap on variable rates and a reduction to many fixed rates, as the documentation has stated for nearly the last month.

If your fix didn’t qualify, or the discount didn’t take it to the cap level, then why should your supplier automatically do more? Surely that’s your responsibility?

Gollom122

Sorry to bleat on. 

We are in a national crisis and the government have stepped in with the EPG. All I hear on tv is that everyone will get the cap. 

I don’t hear everyone will be offered the opportunity to take the cap. Hundreds of thousands of people could miss out if they all need to do something. 

What I don’t get is why BG are making me an offer they should just charge me to the EPG. 

I still don’t believe that I need to do something. If I categorically do need to do something then this needs to go into Martin Lewis’ show on tv. 

I also see a statement on BG web site as follows;

If you’re on a fixed-rate tariff, we'll automatically apply the EPG discount to your unit rates from 1st October.

Is it a case of the daily charges aren’t included in the EPG? Is this the reason I need to change tariff?

ariarnia

Gollom122 said:

Sorry to bleat on. 

We are in a national crisis and the government have stepped in with the EPG. All I hear on tv is that everyone will get the cap. 

I don’t hear everyone will be offered the opportunity to take the cap. Hundreds of thousands of people could miss out if they all need to do something. 
What I don’t get is why BG are making me an offer they should just charge me to the EPG. 

i'm on a fix that's lower than the cap until next march. i certainly DON:T want to be automatically moved to the cap rate because some people can't be bothered to click a button. 

some people might be on a fix where gas is a little lower but electric is higher. but if they think they will use more gas than the 'average' this year then they might be better on their fix than the cap. i can see why they might not want to move. or someone posted the other day that they were slightly lower on units but higher on their standing charge. they need to think if they want to move or not becayse they might be better or worse on the cap depending on how their usage compares to the 'average'. 

lots of reasons why someone close to the line might be better on or off the cap. 

[Deleted User]

Gollom122 said:

If you’re on a fixed-rate tariff, we'll automatically apply the EPG discount to your unit rates from 1st October.

Is it a case of the daily charges aren’t included in the EPG? Is this the reason I need to change tariff?

Don’t get confused between the EPG (which is the scheme the government have created) and the SVT (which is the price capped variable tariff).

If you are on a fixed tariff which, at the typical usage, is more expensive than the SVT for your region - you will get a discount of up to 17p on electricity unit rate and up to 4.2p on gas unit rate. There is no discount on standing charge.  This discount cannot make the fix prices less than the SVT prices.

There is no guarantee that this discount will be enough to make your fix the same price as the SVT.  Even after the EPG discount you may still, therefore, be better off moving off your fix and onto the SVT.  Some supplies have automatically done this (and then you need to ask them if you want to be put back on the fix) and some have not (so you need to tell them you want to move).

Because all of this comparison is done for the typical user, it will not be exactly precise for you and you must make your own decision.