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Annual increase of £4250.55 for gas and electric can't be right! Can it? : (

245

Comments

  • pochase
    pochase Posts: 3,449 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 19 July 2022 at 6:11PM
    Current prediction for October is still scary for you, but much better than the fixed offered to you.

    The following is our best guess based on the latest cap prediction.


  • EssexHebridean
    EssexHebridean Posts: 25,979 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've not seen an even vaguely competitive fix from OFTM in months - I have to agree that it appears they are just now trying to keep going by relying on people not looking hard at the detail and accepting these hideous fixes. 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
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    Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
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  • I am on the same Tariff as you my bill has jumped from £1,512 a year to £5,400 a year. I have been tryig to change energy supplier this morning and no one is taking on new accounts
  • jobdone1
    jobdone1 Posts: 841 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    pete284 said:
    I am on the same Tariff as you my bill has jumped from £1,512 a year to £5,400 a year. I have been tryig to change energy supplier this morning and no one is taking on new accounts
    Try EDF energy. 
  • Chrysalis
    Chrysalis Posts: 4,874 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    That electric unit rate on the new tariff is atrocious, it makes Octopus fixed look godly, what the?
  • Looking at the variable rate for Outfox the Market my bill will be £2,240 per year (instead of the dreadful fixed tariff they are offering). Obviously this excludes the October 65% rise and the January 4% rise
  • wild666
    wild666 Posts: 2,181 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you can, turn off everything you normally leave in standby mode except the fridge, freezer and router. Lower the temperatures on the boiler to 50 degrees for water and 55 degrees for heating, it may take a bit longer to get the heating up to temperature which, IMO, should be no more than 18 degrees, but if you still feel cold at 18 degrees turn it up 1 degree. 


    Someone please tell me what money is
  • Mstty
    Mstty Posts: 4,209 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 20 July 2022 at 1:05PM
    pete284 said:
    I am on the same Tariff as you my bill has jumped from £1,512 a year to £5,400 a year. I have been tryig to change energy supplier this morning and no one is taking on new accounts

    Octopus

    All taking on new customers and Green Energy offering a fix tariff called sparkling.
  • Petriix
    Petriix Posts: 2,303 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Just incase the message has been lost in the chatter: do not accept their offer of a new fixed price. Simply move to the standard variable rate at the end of your fix.

    Contrary to popular belief, it is possible to switch supplier at the moment. But, unless you have an EV, there's not much point for most. 
  • Joyful
    Joyful Posts: 2,429 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Outfox the market are quoting the most expensive tariff out there. They also have a whopping charge if you leave early. I have been checking for customers switching to Utility warehouse and have been shocked at Outfoxes tariffs.
    Self Employed, Running my Dream Jobs
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