Fixed price offer from British Gas at 202% above current.

PellaRosa

Yikes!!!

FYI received a fixed price offer from British Gas this morning. Headline / my summary is fixed until September 2023 at 202% current unfixed tariff (on ‘price cap’ rate) 

Details below. 

Plan name (available only through link sent from British Gas): Price Protection v3 

Expiry date and details if changing: 

Based on paying by Direct Debit

Fixed price energy until 30th Sept 2023**

Exit fees of £100.00 (including VAT) per fuel if you switch to another supplier. No exit fees for switching to another British Gas tariff.

Estimated year cost at current rates:  

Your current tariff:

Standard Variable Tariff

£1993.09*

Your estimated annual cost is based on your 11480kWh gas usage and 3057.4kWh of electricity per year˜

Based on paying by Direct Debit

Gas: £939.58

Standing charge: 

27.22p per day

Unit rate:

7.319p per kWh

 

Electricity: £1053.51

Standing charge: 

41.66p per day

Unit rate:

29.484p per kWh

Estimated year cost at new fixed offer rate: 

Fixing your prices:

Price Protection v3

£4024.33*

Your estimated annual cost is based on your 11480kWh gas usage and 3057.4kWh of electricity per year˜

Based on paying by Direct Debit

Gas: £2021.56

Standing charge: 

24.48p per day

Unit rate:

16.831p per kWh

 

Electricity: £2002.77

Standing charge: 

23.852p per day

Unit rate:
62.658p per kWh

gazapc

What's your point or question? This price is not anything exceptional as shown in the pinned thread on this forum.

[Deleted User]

Just over 100%, not 202%, so that's a big savings right there.

But not sure I would be tempted.

sully1311

That looks around 100% more than you're paying now, not 200%

xzibit

Have you compared it to the SVT predictions? It’s a lot more than you’re currently paying true, but could easily become competitive quickly. 

pochase

If something doubles it is  100% increase not a 200% increase.

You are almost the typical 2900/12000KWh user Ofgem uses for the cap.

Your energy will increase by 82% in October, and by January it will be double todays rates.

The offer itself is to expensive that you will see savings compared to the SVT, even so SVT rates will be higher by January. What you pay more up to than will most likely negate all savings later in the year.

PellaRosa

Yes, I miss typed. It is 202% of current price, not 202% increase.