Martin Lewis: Energy price freeze rumours - what it means for you, will it work?

Tilona

@TwistedWitch

Thank you so much for your reply. I really appreciate it. I have emailed Octopus and they have just sent the following response:

"Hi

Thank you for getting in touch.

I have now placed you back on the Flexible Octopus tariff and re-billed you according to the Flexible rates."

So that's me back on my old variable tariff...phew! Dodged a bullet there I reckon.

Such a shame you are stuck in your contract. Hopefully the likes of Martin Lewis etc can work something out with the energy companies to let people leave without having to take out a mortgage to cover exit fees 🙄. 

John_L_M

TwistedWitch said:

I am steaming mad over this. Don't get me wrong, I do not want anyone to freeze this or any other winter, BUT I fixed back at the end of March. I have been paying over the 'price cap' for six months now, which I didn't mind because I assumed I would benefit in the end. In fact I was feeling rather smug that I wasn't going to be in the same dreadful boat as everyone else when the October cap was announced. But today Liz Truss has finally acted and for most people I am sure it's a huge relief, but it has left me with the choice of paying 6.5p per KWH more for electricity than the freezed price cap and 2.5p per unit for gas, or giving those greedy beggars at EDF £300 to free me from this tarriff.

My elderly mother did the same thing in February (see earlier post) she has been paying slightly over the odds all summer but according to martins analysis she, you and anyone else with a fixed deal will be able to leave the fixed deal they are on and switch penalty free to the new rate...

"15. Those on fixes, can either stay on them, or can leave and switch to the new state subsidised tariffs with no exit penalties."

It's better than nothing... investments can go down as well as up and all that... when you fix a price you always run this risk... But... it was rarely a choice people made with glee... more panic and sheer desperation.... It feels a bit like those that thought ahead and planned for the future are suffering more than those who chose not to think about it or plan ahead...

Mrssomerset

Hi all, I am hoping for some advice on this topic...
My fixed energy contract is about to expire, and as all the compare sites no longer accept comparisons for energy I tried to go to each company's website to see what their tariff is, hoping some offer another fixed price, however none of them are showing any tariffs at all as far as I can see.
Can someone please advise where I can find the energy tariffs of companies, like shell, BP etc?
I am concerned that I am not being given any information because no one is taking on customers, which leaves me at the mercy of my current company which isn't offering any tarriffs to current customers ( I called).
Any help finding tarriffs so I know who to call would be great. I have previously found that if I call a company and don't already know their tarrifs, I am offered a much worse deal.