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

jobdone1

I lost my fixed rate supplies last year, they went bust, neon reef and zog. I was fixed at 14p per unit for leccy and 2.9p gas. I have now fixed with British gas at 34p leccy and 11.9p gas EDF. I'm suffering like millions of others my energy has gone mental. I have not had a pay rise for three years yet need to source this additional payment like many millions of us. 

mumf

sammyjammy said:

mumf said:

We are with Eon next. No direct debit. The problem with DD as I see it at this time,is that the calculated guesswork of what you may use has shot through the roof. But it’s just that; Guesswork. We simply send a meter reading each month,they send us the bill. Simple. But it takes a little work,which I think is why DD is popular with energy consumers.

I set a reminder on the phone ,but they send me one anyway,so it’s not that difficult.

The trouble with this approach is you lose the DD discount, I changed to variable direct debit on receipt of bill, they only bill every three months but I just put aside a monthly amount.

Loss of discount,yes. However, I am not like every second poster here who seems to be having kittens because of ‘price’ increase , which is simply  educated guesswork on the part of the power companies.

pochase

mumf said:

sammyjammy said:

mumf said:

We are with Eon next. No direct debit. The problem with DD as I see it at this time,is that the calculated guesswork of what you may use has shot through the roof. But it’s just that; Guesswork. We simply send a meter reading each month,they send us the bill. Simple. But it takes a little work,which I think is why DD is popular with energy consumers.

I set a reminder on the phone ,but they send me one anyway,so it’s not that difficult.

The trouble with this approach is you lose the DD discount, I changed to variable direct debit on receipt of bill, they only bill every three months but I just put aside a monthly amount.

Loss of discount,yes. However, I am not like every second poster here who seems to be having kittens because of ‘price’ increase , which is simply  educated guesswork on the part of the power companies.

Not sure what you mean with educated guesswork of the suppliers?

The "guesswork" is based on predictions of Ofgem and Cornwall Insights  and has nothing to do with the energy suppliers.

Of course the suppliers also read the predictions and act accordingly (removing offers or increasing fixed rate offers), but they are not involved in the process directly and will start to calculate their new SVT rates once the cap is published.

All the better for you if you don't need to react to potential price increases and high costs.

QrizB

mjdrae said:

For the very reasons i have explained....  its actually the previous 2 years that were anomalies with circumstances such as Furlough and Schools shut....  its like gong into a supermarket and been asked to pay double what you have bought because you previously bought more food....  :-D

I don't wish to seem rude but I think you're focusing on the wrong thing here. The elphant in the room isn't your consumption, it's the tariff.

Outfox The Market currently have the most expensive domestic fixed tariffs anyone on the MSE forum has found. Fix'd X 22 7.0 tariff is a terrible offer, something like 30% higher than you can get elsewhere. No-one should be considering it.

Also, they're in trouble with Ofgem for "contravening or [being] likely to contravene the financial responsibility principle" and are currently prohibited from (among other things) taking on new customers.

You should be looking to switch to a different supplier which will cost you less. You'll also be able to tell them your estimated annual consumption and they will base your payments on that, not some inflated figure of their own devising.

mjdrae

QrizB said:

mjdrae said:

For the very reasons i have explained....  its actually the previous 2 years that were anomalies with circumstances such as Furlough and Schools shut....  its like gong into a supermarket and been asked to pay double what you have bought because you previously bought more food....  :-D

I don't wish to seem rude but I think you're focusing on the wrong thing here. The elphant in the room isn't your consumption, it's the tariff.

Outfox The Market currently have the most expensive domestic fixed tariffs anyone on the MSE forum has found. Fix'd X 22 7.0 tariff is a terrible offer, something like 30% higher than you can get elsewhere. No-one should be considering it.

Also, they're in trouble with Ofgem for "contravening or [being] likely to contravene the financial responsibility principle" and are currently prohibited from (among other things) taking on new customers.

You should be looking to switch to a different supplier which will cost you less. You'll also be able to tell them your estimated annual consumption and they will base your payments on that, not some inflated figure of their own devising.

You're not been rude. Thanks for the info.

I am new to this forum and didnt realise how bad Outfox The market were until i read some of the comments on here. I have spent a few days this week trying to get other quotes online but don't seem to be getting anywhere...  they all seem to say the same thing..  "Right now we can't offer any new quotes and will monitor the prices"....  How do i change if no-one is taking on new customers??

Mstty

@mjdrae

There are three options for a switch. 

https://www.greenenergyuk.com/

Sparking fixed rate comes out under the expected October price cap rises

Octopus will take you on their SVT if you contact them direct (I recently check by way of email to them) you could then look at tracker v3 and Agile tariffs once you have switched to them

EDF will take you on their SVT