I am on a fixed tariff, what does Martin mean...

Andrea15

@QrizB, and nothing is going to happen till the funeral.
I suspect that they will use this extra time to iron out whatever booboo they have made (some of them at least).

[Deleted User]

Reminds me of the feedback question on a Government form a few years ago:

"Did you find this form easy to complete?"

The answer most people gave was "Tuesday".

If Martin has got this wrong it may be because whoever told him got it wrong, and in such a fast changing environment we do need to cut him some slack as he's definitely out there batting for us all. Or maybe there's some vital piece of detail we're all missing....

uk1

Andrea15 said:

uk1 said:

I’ve read all of this thread but still unable to work out what the common view of what is going on.

Is the view that even those on  say a 20p electric fix will be given a discount?

This is how I read Martin's email (just landed in my inbox), but that can't be true; I would end up paying less than last year.
It just can NOT be true (and I wild have very cheap energy, but continuous power cuts, i bet)

But some unintended consequences have already been very odd in the unintended consequences of simplicity.  I own two homes.  I pay very little for electric on my second home but I am getting the lump some off of my leccy bills for both.  

I’m obviously not complaining. 

[Deleted User]

[Deleted User] said:

Reminds me of the feedback question on a Government form a few years ago:

"Did you find this form easy to complete?"

The answer most people gave was "Tuesday".

If Martin has got this wrong it may be because whoever told him got it wrong, and in such a fast changing environment we do need to cut him some slack as he's definitely out there batting for us all. Or maybe there's some vital piece of detail we're all missing....

Or even just a simple mistake by whoever transcribed that tweet and email as Martin was rushing around trying to spread the word and fight the corner.

Ultrasonic

Andrea15 said:

Ultrasonic said:

uk1 said:

I’ve read all of this thread but still unable to work out what the common view of what is going on.

Is the view that even those on  say a 20p electric fix will be given a discount?

The common view is that nobody knows what is going to happen.

Martin shouldn't have added that to the email, unless he was PRETTY certain that it was going to happen.
(Considering it makes zero sense).

Note the "More to check on this" at the end. There is no certainty here. 

CSH1

My fix is about £150-£200 more than the new October fix and I have no clue what is happening, I am just doing what I was originally going to do and wait for BG to contact me about moving to the government amount on 1st Oct or whatever alternative  happens, the amount extra I will pay until then is small as hopefully it will still be quite mild so not really worth worrying too much about as the main thing is it seems from Oct 1st I won't be disadvantaged by going on a fix.  Some with much higher fixed rates may want to change earlier and this latest news puts them in a quandary.

I suppose we are lucky to get any detail with the Queen passing and the whole speech could have been delayed by 10 days.

Ultrasonic

CSH1 said:

My fix is about £150-£200 more than the new October fix and I have no clue what is happening, I am just doing what I was originally going to do and wait for BG to contact me about moving to the government amount on 1st Oct or whatever alternative  happens, the amount extra I will pay until then is small as hopefully it will still be quite mild so not really worth worrying too much about as the main thing is it seems from Oct 1st I won't be disadvantaged by going on a fix.  Some with much higher fixed rates may want to change earlier and this latest news puts them in a quandary.

I suppose we are lucky to get any detail with the Queen passing and the whole speech could have been delayed by 10 days.

I think you can be pretty confident that you won't end up paying more that the newly announced capped rate, and there's a possibility that you many end up paying less. Nobody will no for certain for a while though so for now just carry on exactly as you have been (which is what I'm doing).

Electric_Twit

Quoting Martin's summary of the changes, he said "4. The new lower price cap includes getting rid of the green levies.". If this is the case then all fixed tariffs should reduce otherwise the levy previously paid will simply be "trousered" by the supplier rather  than paid to the Government, or have I misunderstood the green levy? Like many I am confused too!

Andrea15

That is a good point. 
The same should apply if they do away with VAT. 

Ultrasonic

Electric_Twit said:

Quoting Martin's summary of the changes, he said "4. The new lower price cap includes getting rid of the green levies.". If this is the case then all fixed tariffs should reduce otherwise the levy previously paid will simply be "trousered" by the supplier rather  than paid to the Government, or have I misunderstood the green levy? Like many I am confused too!

Short answer - no, I don't think those on fixed tariffs should specifically expect to see a reduction in line with the green levy. There is a discussion on exactly this point here:

https://forums.moneysavingexpert.com/discussion/comment/79470928/#Comment_79470928