Sains energy available offer 4-8-22

JAsaver

I contacted sainsburys energy yesterday to see what was available when my 1 year fix finishes  the rates quoted  were for that day only. The SVRate didn't include the coming oct price rise and my fixed rate doesn't finish till 25th Sept (Many thanks to MSE)  SV rate represents a 69% increase over what I'm paying now as a low user on fix rate deal an extra £1,385 / year. The new1 yr  fix deal  is a 185% increase on the fixed deal , and 68.93% up on the sv rate  for what I pay  . Its called 1 year smooth renew  . just below Martins  "worth considering" 70%   Should I wait or jump for the new fix which will probably have gone up again by sept ? 

Astria

JAsaver said:

I contacted sainsburys energy yesterday to see what was available when my 1 year fix finishes  the rates quoted  were for that day only. The SVRate didn't include the coming oct price rise and my fixed rate doesn't finish till 25th Sept (Many thanks to MSE)  SV rate represents a 69% increase over what I'm paying now as a low user on fix rate deal an extra £1,385 / year. The new1 yr  fix deal  is a 185% increase on the fixed deal , and 68.93% up on the sv rate  for what I pay  . Its called 1 year smooth renew  . just below Martins  "worth considering" 70%   Should I wait or jump for the new fix which will probably have gone up again by sept ? 

Are there any exit fees? The frequency of the price cap being updated will now be every 3 months, so the cap could come down during the duration of your fix, so you should include any fees in your calculation. 

Ofgem have already announced that the new rates will be announced later this month, so it stands to reason that suppliers will have new tariffs this month also - it's unlikely they'll wait until September.

Personally I'm going to wait as I believe any tariffs worth considering have already been withdrawn and whats left will not really save much if anything, but I might be wrong as I don't know the figures yet.

pochase

From the numbers you are giving I don't think you qualify as a low user.

 If the £1385 are an extra 69% you would be paying £2007 at the moment on a fixed tariff. 

An 185% increase on the £2007 results in an annual usage of £5720 per year or £476 per months.

Either your percentages are wrong or you are a very high user.

Please give us the unit rates offered and you energy usage over 12 months so we can have a closer look.