Did you take a fix deal?

johnbhoy70

Electricity

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

19.53p/kWh  24.87p/day

(All rates inc. VAT)

Gas

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

3.80p/kWh  26.12p/day

(All rates inc. VAT)

with Sainsburys and no exit fees.

Similar to Sainsburys deal posted at start of thread. My D/D is slightly on the high side and with also ''trying'' to cut back on usage if i build up any serious balance i'll draw it down and put aside in my bank rather than theirs. 

Jyana

Being totally risk adverse, I decided to fix last August and am pretty glad I did now. British Gas fixed until March 2024, electricity only, SC 16.54/day and 19.453/kWh.

Bhavv

My last cheap fix with Eon next ended in April or May, and all new fixes are asking for £30 or so more per month than my standard variable, so I don't know whether I should take another fix or not.

I'm eligible for all the government payments that are coming soon other than age so it shouldn't matter, but I'm unsure whether to take another fix or leave it on SDV.

The plan Im on atm is next flex and it seems its the cheapest still.

Mstty

Bhavv said:

My last cheap fix with Eon next ended in April or May, and all new fixes are asking for £30 or so more per month than my standard variable, so I don't know whether I should take another fix or not.

I'm eligible for all the government payments that are coming soon other than age so it shouldn't matter, but I'm unsure whether to take another fix or leave it on SDV.

The plan Im on atm is next flex and it seems its the cheapest still.

Hi Bhavv, whether you should consider a fix or not depends on the price per kWh offered, the standing charge, your annual usage in kWh versus the projected rise in the capped rate deemed/standard variable tariff and how you feel about risk verses knowing what goes out each month.

Mstty

Jyana said:

Being totally risk adverse, I decided to fix last August and am pretty glad I did now. British Gas fixed until March 2024, electricity only, SC 16.54/day and 19.453/kWh.

Superb deal👍

Mstty

johnbhoy70 said:

Electricity

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

19.53p/kWh  24.87p/day

(All rates inc. VAT)

Gas

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

3.80p/kWh  26.12p/day

(All rates inc. VAT)

with Sainsburys and no exit fees.

Similar to Sainsburys deal posted at start of thread. My D/D is slightly on the high side and with also ''trying'' to cut back on usage if i build up any serious balance i'll draw it down and put aside in my bank rather than theirs. 

Nice deal👍

johnbhoy70

Mstty said:

johnbhoy70 said:

Electricity

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

19.53p/kWh  24.87p/day

(All rates inc. VAT)

Gas

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

3.80p/kWh  26.12p/day

(All rates inc. VAT)

with Sainsburys and no exit fees.

Similar to Sainsburys deal posted at start of thread. My D/D is slightly on the high side and with also ''trying'' to cut back on usage if i build up any serious balance i'll draw it down and put aside in my bank rather than theirs. 

Nice deal👍

Yes it is and mostly luck with very little judgement. I've been a forum member an awful  long time  but the last few years only really visited to see what was happening when my various AVRO fixed deals were ending. However, started visiting more the end of last summer as i thought something big was happening. I'm sure we all remember from last September onwards...it was crazy and seemed there firms going every few days. 

I hummed and hawed a bit and actually missed out on the previous version of this deal but eventually bit the bullet. Even after accepting it i was in 2 minds for the first few days cancelling during the cooling off. My last Avro D/D was about £95 and Sainsburys were after about £122 and that's a fair increase. Bear in mind that was prior to last October's cap and i don't need to tell anyone what's happened since then. 

My AVRO deal actually was meant to run to January 2022 and the way i looked at it was even if it was costing me roughly an extra £30 a month i could live with missing 4 months cheaper energy. Plus with Sainsburys deal having no exist fees if in the unlikely event prices started dropping i had a way out if/when i wanted. When AVRO went a few days later they made my mind up for me. Lucky!!

ps- i've also got an agreed rate on my mortgage which i need to decide on by the start of July. If anyone hasn't done that it might be an idea to look at that too because that could be the next thing that starts hammering us!! Didn't cost anything to get that deal agreed and it covers the bases. 

Mstty

johnbhoy70 said:

Mstty said:

johnbhoy70 said:

Electricity

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

19.53p/kWh  24.87p/day

(All rates inc. VAT)

Gas

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

3.80p/kWh  26.12p/day

(All rates inc. VAT)

with Sainsburys and no exit fees.

Similar to Sainsburys deal posted at start of thread. My D/D is slightly on the high side and with also ''trying'' to cut back on usage if i build up any serious balance i'll draw it down and put aside in my bank rather than theirs. 

Nice deal👍

Yes it is and mostly luck with very little judgement. I've been a forum member an awful  long time  but the last few years only really visited to see what was happening when my various AVRO fixed deals were ending. However, started visiting more the end of last summer as i thought something big was happening. I'm sure we all remember from last September onwards...it was crazy and seemed there firms going every few days. 

I hummed and hawed a bit and actually missed out on the previous version of this deal but eventually bit the bullet. Even after accepting it i was in 2 minds for the first few days cancelling during the cooling off. My last Avro D/D was about £95 and Sainsburys were after about £122 and that's a fair increase. Bear in mind that was prior to last October's cap and i don't need to tell anyone what's happened since then. 

My AVRO deal actually was meant to run to January 2022 and the way i looked at it was even if it was costing me roughly an extra £30 a month i could live with missing 4 months cheaper energy. Plus with Sainsburys deal having no exist fees if in the unlikely event prices started dropping i had a way out if/when i wanted. When AVRO went a few days later they made my mind up for me. Lucky!!

ps- i've also got an agreed rate on my mortgage which i need to decide on by the start of July. If anyone hasn't done that it might be an idea to look at that too because that could be the next thing that starts hammering us!! Didn't cost anything to get that deal agreed and it covers the bases. 

I suspect many people that fix now before the October price increase will have that same feeling as well.

We always do 5 year fixes for the mortgage so we can have a 5 year plan.

johnbhoy70

Mstty said:

johnbhoy70 said:

Mstty said:

johnbhoy70 said:

Electricity

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

19.53p/kWh  24.87p/day

(All rates inc. VAT)

Gas

2 Year Fix and Reward v18 Direct Debit version

Fixed term ends 07/10/2023

3.80p/kWh  26.12p/day

(All rates inc. VAT)

with Sainsburys and no exit fees.

Similar to Sainsburys deal posted at start of thread. My D/D is slightly on the high side and with also ''trying'' to cut back on usage if i build up any serious balance i'll draw it down and put aside in my bank rather than theirs. 

Nice deal👍

Yes it is and mostly luck with very little judgement. I've been a forum member an awful  long time  but the last few years only really visited to see what was happening when my various AVRO fixed deals were ending. However, started visiting more the end of last summer as i thought something big was happening. I'm sure we all remember from last September onwards...it was crazy and seemed there firms going every few days. 

I hummed and hawed a bit and actually missed out on the previous version of this deal but eventually bit the bullet. Even after accepting it i was in 2 minds for the first few days cancelling during the cooling off. My last Avro D/D was about £95 and Sainsburys were after about £122 and that's a fair increase. Bear in mind that was prior to last October's cap and i don't need to tell anyone what's happened since then. 

My AVRO deal actually was meant to run to January 2022 and the way i looked at it was even if it was costing me roughly an extra £30 a month i could live with missing 4 months cheaper energy. Plus with Sainsburys deal having no exist fees if in the unlikely event prices started dropping i had a way out if/when i wanted. When AVRO went a few days later they made my mind up for me. Lucky!!

ps- i've also got an agreed rate on my mortgage which i need to decide on by the start of July. If anyone hasn't done that it might be an idea to look at that too because that could be the next thing that starts hammering us!! Didn't cost anything to get that deal agreed and it covers the bases. 

I suspect many people that fix now before the October price increase will have that same feeling as well.

We always do 5 year fixes for the mortgage so we can have a 5 year plan.

I think you're right! A bigger decision now too for people as even though £30 a month was a bit of hike for us last September that pales into insignificance compared to decisions people are now having to make. 

We've an offset mortgage with FD and i just book 2 year fixes with no fees with them however if i had a standard product i would seriosuly be looking at a 5 year. Anyway, i'll not digress any further

richarda1951

I am with British Gas on their 'Welcome Tarriff' as my previous supplier went bust last December. The paperwork for that arrangement said that the tarriff would run until 31st July 2022 (variable rate). The other day I had a call from BG suggesting I should take up the fixed rate tarriff they are offering. I had already looked at this (as a result of Martin's advice!) and was planning to move to the new tarriff as it is only about 32% more expensive than my current tariff, fixed until July 2023. The BG caller implied that the new fixed tariff would take over on 1st August and I agreed a new Direct Debit to start on that date, and all seemed OK. Imagine my surprise when the next day, I got emails to say that the new tariff was going to start immediately, not on 1st August! Are British Gas (and other suppliers) deliberately persuading people to take these fixed rate deals well before they know prices will increase, just to get extra profits for themselves, or am I being too sceptical?

I cancelled the fixed rate and I will re-apply closer to the end of July so that I am on the 'cheaper' rate for as long as possible, and I suggest others do the same!!