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Do all suppliers have to offer svr even if fixed ? (Excluding good energy, ecotricity etc?

barker77
barker77 Posts: 215 Forumite
Part of the Furniture 100 Posts Name Dropper
As per title is this the case if with an existing supplier say edf , octopus etc? 

Comments

  • molerat
    molerat Posts: 33,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 6 September 2022 at 4:36PM
    All suppliers, excluding the 3 green suppliers, must have a capped SVR.  There is no compulsion for a supplier to take on new customers.  If you do not renew a fixed tariff when it ends you automatically default to the capped SVR, you cannot be placed on a more expensive fix without your express permission. Suppliers only have to inform you of the prices of "similar" tariffs to your existing, so their expensive fixed options.
  • barker77
    barker77 Posts: 215 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Thanks molerat. Is it the case though if i am with octopus on their tracker that if I asked them they would have to legally put me back on the svr? 
  • Ultrasonic
    Ultrasonic Posts: 4,235 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    The one question I have is whether all suppliers are obliged to allow any customer to choose to end a fixed term agreement early and revert to the SVT if they wish to (paying any stipulated exit fees)? 
  • Yes, that’s a contractual agreement that you can choose to pay the fee and come out of the food.
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