Complicated with Sainsburys energy

Olly_J

Personally I'm looking more at what the Jan 23 and Apr 23 rises might be, for which with the 12m fix you will be shielded from, so even if October SVT is slightly cheaper, I would be looking to stick with the fix, unless forward predictions dramatically change

QrizB

hollie.weimeraner said:

I'm currently on the same and considered moving to Octopus Go as I have an electric car but the daily rate with them is eye watering even allowing for the price cap.

I agree with pochase:

pochase said:

What exactly is eye watering about the 40p day rate for the next 12 months?

You then say:

I think I'll ring Sainsburys today that sounds a good deal fro 12 months, especially with the predictions.

but from the OP:

mooncat1 said:

... a fixed rate for 1 year has been offered £270/month (elec 53p, standing charge 43p and gas 13p, standing charge 27p/day).

53p/kWh is quite a lot more than 40p/kWh, and you don't get four hours overnight at 7.5p/kWh with Sainsbury's.

Brie

Check what they are doing with the calculation of the DD based on your annual use.  I recently got an increase notice for my DD from Sainsburys despite being on a fix for another 14 months.  They had based it solely on my use from last Jan/Feb.  So as if I would be heating the house in July/Aug the same as in winter.  

If you have a full year's worth of statements (and it sounds like you do) recalc the DD based on those and let them know after you sign up to the fix.