Flexible Tariffs and Energy Price Guarantee

Saga

The government's Energy bills support factsheet outlining the two-year EPG makes no mention of flexible tariffs, which are not the same as the "default" or "fixed rate" ones it does mention, and Ofgem's website bizarrely it seems has nothing at all on the EPG (unless my search skills are letting me down). Are we meant to assume flexible tariffs will be treated like fixes for both unit rate and standing charge?

Is my single-fuel flexible, currently at 52.09p/kWh and 42.24p/day, likely to be reduced to around 35.09p/kWh and 46p/day until Oct 2024? If so then my calculations based on historic month-by-month usage figures suggest going 'back' to the capped SVT would be slightly cheaper.

The cynical curmudgeon in me wonders why my provider (Scottish Power) can contact me daily to say I need to have a smart meter fitted and to increase my DD, yet only one working week before the EPG comes in I still have no idea if and by how much my bills will be affected.

[Deleted User]

If I understand your situation correctly, there are very few tariffs like yours around - flexible but not the standard variable.  Simple answer is I don't know - look at the discussions that people are having about the Octopus tracker tariffs.

Not sure why you think the standing charge will be going up on your tariff though - that isn't happening to any other tariffs that have the 17p discount applied.

Saga

Deleted_User said:

Not sure why you think the standing charge will be going up on your tariff though - that isn't happening to any other tariffs that have the 17p discount applied.

You're right. The factsheet refers only to SCs being capped for default tariffs.

bristolleedsfan

Saga said:

Is my single-fuel flexible, currently at 52.09p/kWh , likely to be reduced to around 35.09p/kWh until Oct 2024? If so then my calculations based on historic month-by-month usage figures suggest going 'back' to the capped SVT would be slightly cheaper.

Being as flexible element of the tariff was designed to only potentially differ at the time of Ofgem energy cap change(s) .I suggest conclusion you have come to is extremely likely.

Historically SP did not charge exit fees for customers changing tariffs within SP,  due to lack of apparent info SP have provided publicly or directly that is something you would need to have confirmed by them.

Saga

bristolleedsfan said:

Saga said:

Is my single-fuel flexible, currently at 52.09p/kWh , likely to be reduced to around 35.09p/kWh until Oct 2024? If so then my calculations based on historic month-by-month usage figures suggest going 'back' to the capped SVT would be slightly cheaper.

Being as flexible element of the tariff was designed to only potentially differ at the time of Ofgem energy cap change(s) .I suggest conclusion you have come to is extremely likely.

Historically SP did not charge exit fees for customers changing tariffs within SP,  due to lack of apparent info SP have provided publicly or directly that is something you would need to have confirmed by them.

There are no intra-provider tariff movement exit fees; £150 otherwise.