Fixed deals

charliesf

pochase said:

The Green Energy UK fixed tariff was withdrawn over a month ago, and already 2 weeks before that there were dozens of posts how surprising it was that they were still offering a deal below the cap rate that was predicted at that time.

That was when the cap rates were still calculated as being around 44p/14p

I suspect they might go bust at some stage, they be making huge losses going forward.

Their prices were too good to be true for such a small outfit.

pochase

Not necessarily in the next 12 months if they hedged.

[Deleted User]

charliesf said:

pochase said:

The Green Energy UK fixed tariff was withdrawn over a month ago, and already 2 weeks before that there were dozens of posts how surprising it was that they were still offering a deal below the cap rate that was predicted at that time.

That was when the cap rates were still calculated as being around 44p/14p

I suspect they might go bust at some stage, they be making huge losses going forward.

Their prices were too good to be true for such a small outfit.

Their accounts as at April 2021 show a profit after tax of £400.6k up from £275k the previous year.

The_Green_Hornet

They seem to be a fairly well run company according to their last annual report and financial statements, plus they have been around for 20+ years so they must know what they are doing.

datlex

Glad I fixed.  Got a saving based on next cap. Probably going to be even more from January.

SUPERGIRL2020

I didn't fix and it worked out not too bad staying on the standard EDF tariff but now EDF have a fix deal called essentials fix sept 30th 26 and I’m wondering should i go for it but the exit fees are insane £200 each 🫨

Bungle73

SUPERGIRL2020 said:

I didn't fix and it worked out not too bad staying on the standard EDF tariff but now EDF have a fix deal called essentials fix sept 30th 26 and I’m wondering should i go for it but the exit fees are insane £200 each 🫨

I just jumped ship from EDF to So Energy’s So Juniper One Year tariff. EDF’s fixes didn’t do anything for me, and I should be saving money as well as be immune from any price rises next year.  

SUPERGIRL2020

Bungle73 said:

SUPERGIRL2020 said:

I didn't fix and it worked out not too bad staying on the standard EDF tariff but now EDF have a fix deal called essentials fix sept 30th 26 and I’m wondering should i go for it but the exit fees are insane £200 each 🫨

I just jumped ship from EDF to So Energy’s So Juniper One Year tariff. EDF’s fixes didn’t do anything for me, and I should be saving money as well as be immune from any price rises next year.  

I saw them on a uswitch but I would be worried about them going bust 

Bungle73

SUPERGIRL2020 said:

Bungle73 said:

SUPERGIRL2020 said:

I didn't fix and it worked out not too bad staying on the standard EDF tariff but now EDF have a fix deal called essentials fix sept 30th 26 and I’m wondering should i go for it but the exit fees are insane £200 each 🫨

I just jumped ship from EDF to So Energy’s So Juniper One Year tariff. EDF’s fixes didn’t do anything for me, and I should be saving money as well as be immune from any price rises next year.  

I saw them on a uswitch but I would be worried about them going bust 

It’s no issue, in that event you just get transferred to another supplier. 

Shedman

SUPERGIRL2020 said:

Bungle73 said:

SUPERGIRL2020 said:

I didn't fix and it worked out not too bad staying on the standard EDF tariff but now EDF have a fix deal called essentials fix sept 30th 26 and I’m wondering should i go for it but the exit fees are insane £200 each 🫨

I just jumped ship from EDF to So Energy’s So Juniper One Year tariff. EDF’s fixes didn’t do anything for me, and I should be saving money as well as be immune from any price rises next year.  

I saw them on a uswitch but I would be worried about them going bust 

So Energy should be a fairly safe bet as they have some robust backing:

....Irish state-owned electricity company ESB has acquired a 75% stake in the energy supplier So Energy (Aug 21)