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

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

barker77
barker77 Posts: 361 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: 36,018 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 6 September 2022 at 5:36PM
    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: 361 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: 4,265 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.
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
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.4K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 261.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K 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.