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Fixed deals

My gas and electric is with edf my bill is sky rocketing! How are people getting cheaper fixed deals cos I can't find any anywhere 🤷‍♀️
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Comments

  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 11 July 2022 at 12:48PM
    You can't get a cheaper fixed deal than the current price cap. All you can do is get a fixed deal that beats the predicted price caps for October 2022 and Jan 2023

    Current predictions MSE backed Cornwall Insights figures.
     
    Prediction Oct 2022 gas 14p kwh elec 44p kWh

    Prediction Jan 2023 gas 15p kWh elec 45p kWh

    Have a read here there is a deal mentioned with EDF with £150 cashback
  • MattMattMattUK
    MattMattMattUK Posts: 11,429 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    My gas and electric is with edf my bill is sky rocketing! How are people getting cheaper fixed deals cos I can't find any anywhere 🤷‍♀️
    They are not unless they have an EV and now most of those tariffs are not currently accepting new customers. 
  • I saw online something about secret cheap deals and flash sales 
  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    I saw online something about secret cheap deals and flash sales 
    They still aren't beating current prices sadly and a lot of them have dried up.

    You could try contacting EDF if you are a long time customer asking them what they can offer you
  • Mstty said:
    I saw online something about secret cheap deals and flash sales 
    They still aren't beating current prices sadly and a lot of them have dried up.

    You could try contacting EDF if you are a long time customer asking them what they can offer you
    I just rang them they said the standard tariff is the cheapest right now  
  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    Mstty said:
    I saw online something about secret cheap deals and flash sales 
    They still aren't beating current prices sadly and a lot of them have dried up.

    You could try contacting EDF if you are a long time customer asking them what they can offer you
    I just rang them they said the standard tariff is the cheapest right now  
    Green energy UK are accepting switch and fix. Maybe look at a quote with them
  • spot1034
    spot1034 Posts: 951 Forumite
    Part of the Furniture 500 Posts Name Dropper
    If you have an online account with EDF, log in and click 'change tariff' to see what offers they might have for you as an existing customer. Anything will be a lot more than the tariff you are on at present, but of-course that will increase sharply in October.
  • Ultrasonic
    Ultrasonic Posts: 4,265 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I saw online something about secret cheap deals and flash sales 
    This sort of language sounds like we may be getting into scam territory to me. Be careful.

    The closest to what you describe that has been happening is that some companies were offering fixed tariffs to existing customers. Describing them as 'cheap' would be a stretch but some were likely better than the price cap rise coming in October.

    The options open to you as others have mentioned above.
  • pochase
    pochase Posts: 3,449 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Mstty said:
    I saw online something about secret cheap deals and flash sales 
    They still aren't beating current prices sadly and a lot of them have dried up.

    You could try contacting EDF if you are a long time customer asking them what they can offer you
    I just rang them they said the standard tariff is the cheapest right now  
    That is correct, the current SVT will be the cheapest right now. You can only try to reduce the upcoming increase to the SVT in October. Currently the predicted increase is 65% on top of what you are paying now for "the average customer". If you would like for somebody to calculate you potential cost you need to give us your annual usage for gas and eelctricity.

    Read the following article

    https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

    There is a fixed tariff from EDF that should eb available to you, but it is still 55% on top what you are paying now.  

    Also you will start paying the higher cost immediately and not only in October.

    There have been new higher predictions for the new cap every few weeks, and each time advisable tariffs have been withdrawn to be replaced with more expensive ones.
  • I saw online something about secret cheap deals and flash sales 
    This sort of language sounds like we may be getting into scam territory to me. Be careful.
    It was in the paper online and Martin was talking about the secret deals 

    https://www.thesun.co.uk/money/19138143/energy-firms-reveal-secret-cheap-deals-martin-lewis-meeting/
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