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Fixed Co-op Octopus tariff ending 31/07/2022

kingstreet
kingstreet Posts: 39,444 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
Fixed Co-op Octopus tariff ending 31/07/2022.

Options

Do nothing

Electricity
Daily charge47.86 p/day
Unit rate27.86 p/kWh
Gas
Daily charge27.22 p/day
Unit rate7.36 p/kWh

or

Co-op Loyal 12 Month Fixed

"This tariff is exclusively available to customers who've been with Co-op for more than 8 months.

It's cheaper than anything available on the market, and features fixed prices for 12 months, so you're protected from future rises. It also features 100% renewable electricity."

Electricity

Unit rate40.173p per kWh
Standing charge47.859p per day

Gas

Unit rate11.34p per kWh
Standing charge27.216p per day

Annual consumption - gas 12,800, electricity 3,968.

The monthly cost difference is estimated at £77 per month. I'm still tempted by the fix. Opinions?
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.

Comments

  • kingstreet
    kingstreet Posts: 39,444 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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