We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

British Gas Fixed Sept 23V4

Hi all.. 

I am currently on British Gas standard rate. I have an option to switch the the fixed Sept 23v4 tariff which using the calculator is 145% higher than my current rate, so I am considering switching. 

What I wanted to know is, is this deal likley to stay in place until the end of September? In which case I won't switch until the end of this month.. Or could it be pulled or changed at any time??

Thanks! 

Comments

  • It can be pulled any time, as with all offers from any suppliers.

    With the new PM being announced today, their plans may screw anyone who has taken a fix if prices are frozen at the current level.

    It's all a big gamble for the next week or so.
  • gj373
    gj373 Posts: 142 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Could fix today and make use of the 14 day cooling off period if things change significantly with the cap
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Switch today, and that will lock you in at today's rates. You then have 14 days cooling off to cancel and revert to SVT 
    If it's still on offer on 19/9 there would be nothing to stop you rinsing and repeating if the situation is still not clear.
    Truss will supposedly announce her cunning plan by Thursday: I think we can assume it's near the top of the in-tray pile.
    No free lunch, and no free laptop ;)
  • Thanks rang them and they told me that if a cheaper British Gas deal comes out I can switch to it without paying the 200 penalty.. 
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    drose1 said:
    Thanks rang them and they told me that if a cheaper British Gas deal comes out I can switch to it without paying the 200 penalty.. 
    But I think they were saying that will only apply during the cooling off period. That tariff has a £100 exit fee per fuel.
    No free lunch, and no free laptop ;)
  • xzibit
    xzibit Posts: 662 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    edited 5 September 2022 at 1:46PM
    macman said:
    drose1 said:
    Thanks rang them and they told me that if a cheaper British Gas deal comes out I can switch to it without paying the 200 penalty.. 
    But I think they were saying that will only apply during the cooling off period. That tariff has a £100 exit fee per fuel.
    Only if you change supplier. No fees to move to another BG tariff or back to the SVT. Their wording is Exit Fees (if you change supplier before end of tarriff)
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.