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Fixed tariffs
Comments
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No. Don't.1
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Welcome to the forum.
Why do you want to pay more money?
If you cancel the fix you will pay the higher price of the SVT.1 -
Do nothing for now. Sounds like you are in a good position.
Wait and see what happens in the next few weeks and act accordingly once you have more concrete information.
Good luck.1 -
PS my annual charges have gone from £869 to £2154.0
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Your annual charges don't matter. The per day standing charge and the per kWh unit charge are the things that matter.
Don't do anything now. When we know what the cap charges will actually be, compare them to your fix and then decide.1 -
KIMCHIWS said:I am a low energy user and my fixed energy tariff is lower than the new price cap. Should I cancel it? Any advice appreciated, thank you.Can you please give details of your new fix? Rates, duration?N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.0 -
My instinct is to do nothing, my 14 day option is up today. To me this seems like a 300% increase? - my maths isn't great I know and Martin talks about a 6.5% increase, this is what I am confused about.0
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Don't make decisions based on tweets and press releases.
Answer the questions we are asking you, then we can help.0 -
Electricity
new standing charge is 52.01per day.
new unit cost is 66.38p
Gas
new standing charge is 27.53p per day
Unit cost 19.55p
Tariff lasts 12 months0 -
Right, that's the numbers we needed. It doesn't match your original post very well though!
That looks to me like it is more expensive than our best guess at the new cap, and it would be worth you cancelling the contract and going back to the standard variable.0
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