Energy price cap freeze on a fixed tariff

[Deleted User]

Mobtr said:

Deleted_User said:

Mobtr said:

Don’t know why all the flapping, it was obvious to anyone with half a brain that any fixed tariffs above the cap would get reduced to match the new capped prices and any already below the new cap would stay the same. There was no way companies were going to take 17p & 4p off already low prices. Anyone still above can change to SVT fee free

So you're saying Martin Lewis has less than a half a brain.

Yes if he actually thought that someone currently paying 27p on a fix for electricity would now be paying 10p, or someone who‘s gas was fixed at 4p would pay nothing 

So now you're saying he has less than half a brain or was deliberately misleading people.

[Deleted User]

Mobtr said:

Deleted_User said:

Mobtr said:

Don’t know why all the flapping, it was obvious to anyone with half a brain that any fixed tariffs above the cap would get reduced to match the new capped prices and any already below the new cap would stay the same. There was no way companies were going to take 17p & 4p off already low prices. Anyone still above can change to SVT fee free

It would have seemed more obvious if all fixed tariffs were, well, you know, fixed.  But when someone decided that wasn't true, anything was possible.

So does that mean you believe anyone who is on a fixed tariff above the new cap shouldn’t get the reduction? 

Yes, and I have said that several times on this board.

I'm not against the new rules, and can see how they've been arrived at, but I wouldn't have done it like this.  I would have just changed the cap and left fixes alone - let people choose to break their fixed contracts if they wish using the existing and agreed mechanisms.

Luckily, I'm not in charge.

oliverbrown

Mobtr said:

Deleted_User said:

Mobtr said:

Don’t know why all the flapping, it was obvious to anyone with half a brain that any fixed tariffs above the cap would get reduced to match the new capped prices and any already below the new cap would stay the same. There was no way companies were going to take 17p & 4p off already low prices. Anyone still above can change to SVT fee free

So you're saying Martin Lewis has less than a half a brain.

Yes if he actually thought that someone currently paying 27p on a fix for electricity would now be paying 10p, or someone who‘s gas was fixed at 4p would pay nothing 

There was never any suggestion people on a fix below the capped rate would get any reduction.

PennineAcute

Does anyone know what is happening to the SC for fixed tariffs?  Although my UPs are greater than Octobers, the discount will reduce it to the October's rate.  My SCs are however lower than the figures I have seen banded around for October.

Astria

Considering the new "price guarantee" have been out a while now, I do wonder why EON have, today, decided to let me know of the new October price cap rates of 51p/kWh I mean, even if they've not decided on the new rates yet, you'd hold off on marketing communications until you got them wouldn't you?

michaels

Mobtr said:

Deleted_User said:

Mobtr said:

Don’t know why all the flapping, it was obvious to anyone with half a brain that any fixed tariffs above the cap would get reduced to match the new capped prices and any already below the new cap would stay the same. There was no way companies were going to take 17p & 4p off already low prices. Anyone still above can change to SVT fee free

So you're saying Martin Lewis has less than a half a brain.

Yes if he actually thought that someone currently paying 27p on a fix for electricity would now be paying 10p, or someone who‘s gas was fixed at 4p would pay nothing 

No, because that would be fair - everyone who has to pay back the borrowings gets the same benefit from them.

Instead we have unfair, those who fixed to avoid future rises are now out of pocket.  

However Tory govt policy and fair are not normally found in the same sentence.

Mobtr

oliverbrown said:

Mobtr said:

Deleted_User said:

Mobtr said:

Don’t know why all the flapping, it was obvious to anyone with half a brain that any fixed tariffs above the cap would get reduced to match the new capped prices and any already below the new cap would stay the same. There was no way companies were going to take 17p & 4p off already low prices. Anyone still above can change to SVT fee free

So you're saying Martin Lewis has less than a half a brain.

Yes if he actually thought that someone currently paying 27p on a fix for electricity would now be paying 10p, or someone who‘s gas was fixed at 4p would pay nothing 

There was never any suggestion people on a fix below the capped rate would get any reduction.

Really? You must have been reading different threads to me then because a lot of people on here jumped to that conclusion 🤣🤣

oliverbrown

Mobtr said:

oliverbrown said:

Mobtr said:

Deleted_User said:

Mobtr said:

Don’t know why all the flapping, it was obvious to anyone with half a brain that any fixed tariffs above the cap would get reduced to match the new capped prices and any already below the new cap would stay the same. There was no way companies were going to take 17p & 4p off already low prices. Anyone still above can change to SVT fee free

So you're saying Martin Lewis has less than a half a brain.

Yes if he actually thought that someone currently paying 27p on a fix for electricity would now be paying 10p, or someone who‘s gas was fixed at 4p would pay nothing 

There was never any suggestion people on a fix below the capped rate would get any reduction.

Really? You must have been reading different threads to me then because a lot of people on here jumped to that conclusion 🤣🤣

Probably read threads which you didn't understand. The real question was whether there was a cap on the discount for people on a fix above the new cap.

Ultrasonic

Mobtr said:

oliverbrown said:

Mobtr said:

Deleted_User said:

Mobtr said:

Don’t know why all the flapping, it was obvious to anyone with half a brain that any fixed tariffs above the cap would get reduced to match the new capped prices and any already below the new cap would stay the same. There was no way companies were going to take 17p & 4p off already low prices. Anyone still above can change to SVT fee free

So you're saying Martin Lewis has less than a half a brain.

Yes if he actually thought that someone currently paying 27p on a fix for electricity would now be paying 10p, or someone who‘s gas was fixed at 4p would pay nothing 

There was never any suggestion people on a fix below the capped rate would get any reduction.

Really? You must have been reading different threads to me then because a lot of people on here jumped to that conclusion 🤣🤣

It wasn't a 'conclusion', is was an interpretation of the woefully vaguely worded original version of the 'factsheet'. More so whether those with fixes above the EPG would get prices reduced to below it though. Where we've ended up doesn't seem unreasonable but it was far from certain it would be like this. 

Mobtr

michaels said:

Mobtr said:

Deleted_User said:

Mobtr said:

Don’t know why all the flapping, it was obvious to anyone with half a brain that any fixed tariffs above the cap would get reduced to match the new capped prices and any already below the new cap would stay the same. There was no way companies were going to take 17p & 4p off already low prices. Anyone still above can change to SVT fee free

So you're saying Martin Lewis has less than a half a brain.

Yes if he actually thought that someone currently paying 27p on a fix for electricity would now be paying 10p, or someone who‘s gas was fixed at 4p would pay nothing 

No, because that would be fair - everyone who has to pay back the borrowings gets the same benefit from them.

Instead we have unfair, those who fixed to avoid future rises are now out of pocket.  

However Tory govt policy and fair are not normally found in the same sentence.

But you could say the same about the millions who never changed from one of the ‘big 6’ having to pay much higher standing charge because some people went for much cheaper deals & their companies went bust. Unfortunately not everything is fair but that’s life