thread for us fixers so many ??????

pickapennyup

im no expert on here far from it but am concerned about my fix so thought us fixers shouid have a thread
im on a 2 yr fix and being honest was happy with it now im concerned,i guess we will find out in the next few days

2 adults (im disabled and dont work) one gamer teen 3 bed detached monthly dd £210 a month fixed from 16th August this year till 16 th August 2024

Electricity

Next Loyalty 24M Fixed Rate - June 2022 Issue 2

Fixed term ends 16/08/2024

41.03 p/kWh 43.39 p/day

(All rates inc. VAT)

Gas

Next Loyalty 24M Fixed Rate - June 2022 Issue 2

Fixed term ends 16/08/2024

10.52 p/kWh 27.22 p/day

(All rates inc. VAT)

feel free to join in

Krakkkers

Official announcement tomorrow apparently.

Mstty

Here you go here's our position.

Fixed April 1st 2022 Eon Next v18 2 year fix at the April price cap rate for our region 29.24p kWh electricity only as that is all we have (read my signature)

Higher than average SC for taking the two year fix at 52.61p per day.

So even if it is all true the new £2500+ price cap freeze and likely 33-36p kWh for electricity and will last til April 2024 we won't be ending our fix.

What we would like to do is opt out of paying for others that weren't as fortunate as us in the future for a price freeze we didn't need. However we understand the countries debt is everyone's debt and there is no getting out of paying our share.

[Deleted User]

Why are you now unhappy when it was fine before?  If nothing changes for you, then you are in exactly the same position that you say you were happy with.

If something does change, then it won't be putting your prices up. 

pickapennyup

Deleted_User said:

Why are you now unhappy when it was fine before?  If nothing changes for you, then you are in exactly the same position that you say you were happy with.

If something does change, then it won't be putting your prices up. 

because if it works out cheaper i will have to decide what to do,i just thought it was one thing less to sought out especially being for 2 yrs
like i said im not to good a number crunching against some on here and am interested what is happening with others
dont post on the thread if its not your thing
let the fixers have somewhere to go i really dont see the problem
or do we have a thread police

norsefox

Mstty said:

Here you go here's our position.

Fixed April 1st 2022 Eon Next v18 2 year fix at the April price cap rate for our region 29.24p kWh electricity only as that is all we have (read my signature)

Higher than average SC for taking the two year fix at 52.61p per day.

So even if it is all true the new £2500+ price cap freeze and likely 33-36p kWh for electricity and will last til April 2024 we won't be ending our fix.

What we would like to do is opt out of paying for others that weren't as fortunate as us in the future for a price freeze we didn't need. However we understand the countries debt is everyone's debt and there is no getting out of paying our share.

I appreciate you are being conciliatory, whilst others may not feel quite as considerate.  This is very similar to furlough - this isn't covering simply those most vulnerable in society, this is keeping charities, councils, health services, and perfectly well-run companies from collapsing.

arnoldy

Deleted_User said:

Why are you now unhappy when it was fine before?  If nothing changes for you, then you are in exactly the same position that you say you were happy with.

If something does change, then it won't be putting your prices up. 

Agreed people need to take responsibility for their own actions.

According to the compensation culture logic, if I take a 1-year fixed savings rate and the rate goes up because the bank of England puts the Interest rate up, I can get my money back without penalty and take out a new higher rate?

Mstty

arnoldy said:

Deleted_User said:

Why are you now unhappy when it was fine before?  If nothing changes for you, then you are in exactly the same position that you say you were happy with.

If something does change, then it won't be putting your prices up. 

Agreed people need to take responsibility for their own actions.

According to the compensation culture logic, if I take a 1-year fixed savings rate and the rate goes up because the bank of England puts the Interest rate up, I can get my money back without penalty and take out a new higher rate?

I would most like the fixes taken in the last 6-12 months as like fixing a mortgage. You do so "happy"(very loose term with these energy prices) in the knowledge you know what you will pay for the next 1/2/??? Years.

If the Bank of England put the rates down you lost out but if they went up you win. Not unlike all those on fixes now.

I've come round in my thinking recently takes me some time lol

Steve_79_P

Mstty said:

arnoldy said:

Deleted_User said:

Why are you now unhappy when it was fine before?  If nothing changes for you, then you are in exactly the same position that you say you were happy with.

If something does change, then it won't be putting your prices up. 

Agreed people need to take responsibility for their own actions.

According to the compensation culture logic, if I take a 1-year fixed savings rate and the rate goes up because the bank of England puts the Interest rate up, I can get my money back without penalty and take out a new higher rate?

I would most like the fixes taken in the last 6-12 months as like fixing a mortgage. You do so "happy"(very loose term with these energy prices) in the knowledge you know what you will pay for the next 1/2/??? Years.

If the Bank of England put the rates down you lost out but if they went up you win. Not unlike all those on fixes now.

I've come round in my thinking recently takes me some time lol

Whilst in the main I agree with this, there is a subtle difference. The government is not directly lowering the rates, they are lending the extra money to the suppliers so they can offer lower rates. 

It will be advantageous for the suppliers to move all fixers (who they have hedged energy at a lower price for already) to SVR and claim the difference back from the government, whilst still getting that cheaper energy they have already hedged.

The fixed rates should be reduced by the same amount as the variable rates will be in order to be fair.

Mstty

Steve_79_P said:

Mstty said:

arnoldy said:

Deleted_User said:

Why are you now unhappy when it was fine before?  If nothing changes for you, then you are in exactly the same position that you say you were happy with.

If something does change, then it won't be putting your prices up. 

Agreed people need to take responsibility for their own actions.

According to the compensation culture logic, if I take a 1-year fixed savings rate and the rate goes up because the bank of England puts the Interest rate up, I can get my money back without penalty and take out a new higher rate?

I would most like the fixes taken in the last 6-12 months as like fixing a mortgage. You do so "happy"(very loose term with these energy prices) in the knowledge you know what you will pay for the next 1/2/??? Years.

If the Bank of England put the rates down you lost out but if they went up you win. Not unlike all those on fixes now.

I've come round in my thinking recently takes me some time lol

Whilst in the main I agree with this, there is a subtle difference. The government is not directly lowering the rates, they are lending the extra money to the suppliers so they can offer lower rates. 

It will be advantageous for the suppliers to move all fixers (who they have hedged energy at a lower price for already) to SVR and claim the difference back from the government, whilst still getting that cheaper energy they have already hedged.

The fixed rates should be reduced by the same amount as the variable rates will be in order to be fair.

Yep agree.

That would be the icing on the came if fixers got the reduction as well. If only dream came true.

sienew

Steve_79_P said:

It will be advantageous for the suppliers to move all fixers (who they have hedged energy at a lower price for already) to SVR and claim the difference back from the government, whilst still getting that cheaper energy they have already hedged.

This is almost certainly what will happen. Energy companies will want people to switch to the SVT. They won't force people but will almost certainly wave exit fees to their SVT as it'll be more profitable for them to do so.

If there is one thing we can trust energy companies to do it's make as much money as they possibly can.