📨 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!

IMPORTANT NEWS FOR THOSE ON ENERGY FIXES

Options
1457910

Comments

  • K2rool said:
    A question on behalf of a friend he currently on a fix with GEUK let say it only lowered to the cap she eligible for warm homes discount which GEUK only offers to core group which she isn't, anyone know any energy supplier still accepting new customer on svr

    They have changed the Warm Home Discount in Englsnd and Wales so your friend should not bank on getting it this year - people have to claim a qualifying benefit but it also depends on the age/size/type of property where they live.

    Still worth trying to change to a participating supplier though, in case he will qualify.  (I also recommend Octopus.)  He just needs to be aware it's possible he might not qualify.
    i phoned Eon in August and they never asked me about my home/age size etc just that i was on ESA i got the payment a week later it was so quick and easy i was surprised
  • hypochondriac
    hypochondriac Posts: 138 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 29 December 2022 at 6:45PM
    So I am on a fix with eon next for a year that is above the current svr. I have no exit fees. Should I request to revert to the svr immediately or hang on? Martin says to do nothing but that doesn't look like it will save me any money. 
    Above the current SVR or above the new EPG rates?
    Here you go 
    Can anyone work out how much more the new cap will be compared to my current deal? Just working out if it's worth scrapping what I'm currently on. 
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Third Anniversary Name Dropper
    edited 29 December 2022 at 6:45PM
    So I am on a fix with eon next for a year that is above the current svr. I have no exit fees. Should I request to revert to the svr immediately or hang on? Martin says to do nothing but that doesn't look like it will save me any money. 
    Above the current SVR or above the new EPG rates?
    Here you go 
    Can anyone work out how much more the new cap will be compared to my current deal? Just working out if it's worth scrapping what I'm currently on. 
    Your current deal will be moved to the capped rates, but probably keep the same standing charges.
  • K2rool said:
    A question on behalf of a friend he currently on a fix with GEUK let say it only lowered to the cap she eligible for warm homes discount which GEUK only offers to core group which she isn't, anyone know any energy supplier still accepting new customer on svr

    They have changed the Warm Home Discount in Englsnd and Wales so your friend should not bank on getting it this year - people have to claim a qualifying benefit but it also depends on the age/size/type of property where they live.

    Still worth trying to change to a participating supplier though, in case he will qualify.  (I also recommend Octopus.)  He just needs to be aware it's possible he might not qualify.
    i phoned Eon in August and they never asked me about my home/age size etc just that i was on ESA i got the payment a week later it was so quick and easy i was surprised
    Are you in Scotland?  If not, what payment was it?  The scheme for this year hasn't opened for England and Wales, and you can't be in Core Group 1 because you can't claim ESA after pension age.  It may have been some sort of hardship payment rather than the WHD.
  • BZ12
    BZ12 Posts: 17 Forumite
    10 Posts Name Dropper
    The gov.uk site has now been updated (corrected) to say that the cap rate is the new floor for fixed tariffs set above the cap.

    https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022
  • BZ12 said:
    The gov.uk site has now been updated (corrected) to say that the cap rate is the new floor for fixed tariffs set above the cap.

    https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022

    Thank you for posting the link.

    Taken from the fixed section.

    For the small number of consumers who fixed at a high rate exceeding the October Ofgem price cap of £3,549, they will receive the full discount of 17p for electricity and 4.2p for gas. However, given the higher starting point, their fixed rate tariff will still have a unit rate that is above the EPG rates. This will ensure that a fair price is paid by everyone.

    That clarifies things a little more. 
    Yeah, cheers but nah, I will stick with yes,  thank you and no. 

    Thank you. 
  • K2rool said:
    A question on behalf of a friend he currently on a fix with GEUK let say it only lowered to the cap she eligible for warm homes discount which GEUK only offers to core group which she isn't, anyone know any energy supplier still accepting new customer on svr

    They have changed the Warm Home Discount in Englsnd and Wales so your friend should not bank on getting it this year - people have to claim a qualifying benefit but it also depends on the age/size/type of property where they live.

    Still worth trying to change to a participating supplier though, in case he will qualify.  (I also recommend Octopus.)  He just needs to be aware it's possible he might not qualify.
    i phoned Eon in August and they never asked me about my home/age size etc just that i was on ESA i got the payment a week later it was so quick and easy i was surprised
    Are you in Scotland?  If not, what payment was it?  The scheme for this year hasn't opened for England and Wales, and you can't be in Core Group 1 because you can't claim ESA after pension age.  It may have been some sort of hardship payment rather than the WHD.
    no im in the UK,i normally apply on line but was on the phone so mentioned about applying and they said i cuyld do it then and there
    im 51yrs old
    they never mentioneda hardship payment andit does say WHD 
    the only thing i would query is i thought this year it was £149
    the payment  is below and i had had last years in October 2021

    12 JUL 2022

    Warm home discount - Broader group
    +£140.00

    £632.94

    In credit

  • jak22
    jak22 Posts: 401 Forumite
    100 Posts Second Anniversary
    As the updated Govt fact-sheet

  • K2rool said:
    A question on behalf of a friend he currently on a fix with GEUK let say it only lowered to the cap she eligible for warm homes discount which GEUK only offers to core group which she isn't, anyone know any energy supplier still accepting new customer on svr

    They have changed the Warm Home Discount in Englsnd and Wales so your friend should not bank on getting it this year - people have to claim a qualifying benefit but it also depends on the age/size/type of property where they live.

    Still worth trying to change to a participating supplier though, in case he will qualify.  (I also recommend Octopus.)  He just needs to be aware it's possible he might not qualify.
    i phoned Eon in August and they never asked me about my home/age size etc just that i was on ESA i got the payment a week later it was so quick and easy i was surprised
    Are you in Scotland?  If not, what payment was it?  The scheme for this year hasn't opened for England and Wales, and you can't be in Core Group 1 because you can't claim ESA after pension age.  It may have been some sort of hardship payment rather than the WHD.
    no im in the UK,i normally apply on line but was on the phone so mentioned about applying and they said i cuyld do it then and there
    im 51yrs old
    they never mentioneda hardship payment andit does say WHD 
    the only thing i would query is i thought this year it was £149
    the payment  is below and i had had last years in October 2021

    12 JUL 2022

    Warm home discount - Broader group
    +£140.00

    £632.94

    In credit

    sorry applied and phoned in July to sort out my fix that as ending in August,cp[y and pasted the payment on my account
  • K2rool said:
    A question on behalf of a friend he currently on a fix with GEUK let say it only lowered to the cap she eligible for warm homes discount which GEUK only offers to core group which she isn't, anyone know any energy supplier still accepting new customer on svr

    They have changed the Warm Home Discount in Englsnd and Wales so your friend should not bank on getting it this year - people have to claim a qualifying benefit but it also depends on the age/size/type of property where they live.

    Still worth trying to change to a participating supplier though, in case he will qualify.  (I also recommend Octopus.)  He just needs to be aware it's possible he might not qualify.
    i phoned Eon in August and they never asked me about my home/age size etc just that i was on ESA i got the payment a week later it was so quick and easy i was surprised
    Are you in Scotland?  If not, what payment was it?  The scheme for this year hasn't opened for England and Wales, and you can't be in Core Group 1 because you can't claim ESA after pension age.  It may have been some sort of hardship payment rather than the WHD.
    no im in the UK,i normally apply on line but was on the phone so mentioned about applying and they said i cuyld do it then and there
    im 51yrs old
    they never mentioneda hardship payment andit does say WHD 
    the only thing i would query is i thought this year it was £149
    the payment  is below and i had had last years in October 2021

    12 JUL 2022

    Warm home discount - Broader group
    +£140.00

    £632.94

    In credit

    Wow, it looks like you were incredibly fortunate to get the extreme tail end of last year's WHD scheme then, they must have had some money left over.  This year's will definitely be £150 and for England and Wales there are only Core Group 1 and Core Group 2, no broader group.
    [I don't know how NI does it, actually, haven't seen any mention at all of NI when reading about the change.]
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
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K 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.