Anyone who switched to Sainsburys Smooth Renew V20 received new rates yet?

spot1034

As a matter of interest, have alterations to E7 fixes already announced by other suppliers generally kept the same sort of balance between day and night rates? 

QrizB

spot1034 said:

As a matter of interest, have alterations to E7 fixes already announced by other suppliers generally kept the same sort of balance between day and night rates? 

The answer is, "it depends".

For some suppliers yes, they have kept a similar balance. Octopus seems to be in this camp.

For others - I'm thinking of EDF here - they have discounted each rate by the same monetary amount. This has made the night rate relatively cheaper and the day rate relatively more expensive (although still cheaper than it would otherwise have been).

See this page of this thread:
https://forums.moneysavingexpert.com/discussion/comment/79492493/#Comment_79492493

AD13

48hrs till my fix ends and no communication from sainsburys about what my new unit rates will be 

Astria

AD13 said:

48hrs till my fix ends and no communication from sainsburys about what my new unit rates will be 

Mine went from 59p/kWh to 43p/kWh the day after I was on it, so as expected really.

Now I'm on the SVT, so it's more like 33p/kWh.

Standing charge was 1p/day cheaper on my fix.

[Electric]

The fun thing is, they applied the £66 discount to my fix, and have removed it now I'm on the SVT, so wondering if I'll actually get that now.

AD13

So on twitter now they've told me my unit rate will decrease by 17.85p. I said to them that even with that decrease it wouldn't be near EPG - 

"That would make my new unit rate higher than the epg. Is that correct? So the rates aren't being amended to be in line with epg as even with the 17.85p decrease my new rate will be higher?

V20 fix

60.08 / 42.24 - elec

15.09 / 27.22 - gas

With 17.85p reduction

43.08 / 42.24

10.89 / 27.22

Energy price guarantee rates

34 - Elec

10.3 - gas"

Their reply was-

Your current rates are actually; 

42.23/42.24

10.66/27.22

without the reduction. 

24.38/42.24

6.23/27.22

With the reduction. 

- Shane B 

Energy Specialist 

Digi Ops - Supersonics

I haven't questioned it but surely this is incorrect as its much lower than epg and I don't know why he would have said my current rates are 42.23 and 10.66 out of nowhere? When I know the fix I agreed to was 60.08 and 15.09.

What a s**tshow this is 

QrizB

AD13 said:

I haven't questioned it but surely this is incorrect as its much lower than epg and I don't know why he would have said my current rates are 42.23 and 10.66 out of nowhere? When I know the fix I agreed to was 60.08 and 15.09.

42.23 and 10.66 are your new rates, not your old ones.

It seems that if you want the full benefit of the EPG you will need to exit your fix.

AD13

QrizB said:

AD13 said:

I haven't questioned it but surely this is incorrect as its much lower than epg and I don't know why he would have said my current rates are 42.23 and 10.66 out of nowhere? When I know the fix I agreed to was 60.08 and 15.09.

42.23 and 10.66 are your new rates, not your old ones.

It seems that if you want the full benefit of the EPG you will need to exit your fix.

Yeah so the 42.23 and 10.66 are with the reduction whereas the sainsbury guy seems to think that's pre-reduction, so has given me wrong info? 

Astria

AD13 said:

QrizB said:

AD13 said:

I haven't questioned it but surely this is incorrect as its much lower than epg and I don't know why he would have said my current rates are 42.23 and 10.66 out of nowhere? When I know the fix I agreed to was 60.08 and 15.09.

42.23 and 10.66 are your new rates, not your old ones.

It seems that if you want the full benefit of the EPG you will need to exit your fix.

Yeah so the 42.23 and 10.66 are with the reduction whereas the sainsbury guy seems to think that's pre-reduction, so has given me wrong info? 

Yes, completely wrong, mine was 43.something after the reduction (59p before), so I cancelled my forthcoming fix to drop onto the SVT which will be cheaper.

savit4l8er

The original tarrif rate now shows a reduction to around 42p and 10.55p.
They said on the phone today this will again be reduced to the EPG figs when they work through everything, they have been busy. It was mentioned it would happen as shown below. "Nothing needed to be done", time will tell. 🤔

GreenCustomer

savit4l8er said:

The original tarrif rate now shows a reduction to around 42p and 10.55p.
They said on the phone today this will again be reduced to the EPG figs when they work through everything, they have been busy. It was mentioned it would happen as shown below. 

EON Next are now looking at moving those that fixed at a high rate onto SVT/EPG
Just in case you missed it on the EON Next thread (https://forums.moneysavingexpert.com/discussion/comment/79530559#Comment_79530559)