British Gas combined fuel fix offer

Raven_Storm

Hi, I've worked it out that at a 42% rise in October it would take my current payment to around another £100 over the £500 raise in expected payment they are offering.  It doesn't seem worth swapping to that right now, but I find it all highly confusing (I have Dyscalculia).  Anyone have some advice on that?  Thank you.

Your current tariff Standard Variable £1432.35* Your estimated annual cost is based on your 10470kWh gas usage and 1336kWh electricity usage per year Based on paying by Direct Debit Gas: £878.67 Standing charge: 27.220p per day Unit rate: 7.444p per kWh   Electricity: £553.68 Standing charge: 48.150p per day Unit rate: 28.290p per kWh

Fixing your prices Exclusive Jul 23v2 £1916.18* Your estimated annual cost is based on your 10470kWh gas usage and 1336kWh electricity usage per year Based on paying by Direct Debit# Fixed price energy until 31st July 2023** Exit fees of £75.00 per fuel if you switch to another supplier. No exit fees for switching to another British Gas tariff. Gas: £1222.29 Standing charge: 30.645p per day Unit rate: 10.607p per kWh   Electricity: £693.89 Standing charge: 54.315p per day Unit rate: 37.100p per kWh

QrizB

Raven_Storm said:

Hi, I've worked it out that at a 42% rise in October it would take my current payment to around another £100 over the £500 raise in expected payment they are offering.

I agree with your calculations; £1432 + 42% makes £2033.

Raven_Storm said:

It doesn't seem worth swapping to that right now, but I find it all highly confusing (I have Dyscalculia).  Anyone have some advice on that?  Thank you.

MSE seem to think that BG's "Exclusive Jul 23v2" is worth considering:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/
If you're comfortable with the risk that the winter's prices could end up higher than forecast, you can stick with the variable tariff. If you'd prefer the certainty of a fixed rate, that deal is better than many.