GEUK rates from 1st July 2023?

What_time_is_it

Mstty said:

Have you not contacted GEUK direct? You started this post on 30th May surely they could have answered your question directly?

Of course I have. However, they said that they were not yet certain what their policy would be with existing customers on a fix beyond 1st July 2023. I don't want to call them every day so was asking here to get a broader view of what others had experienced.

kuratowski

New tarriff information email received this evening. I am out of the fixed period, so on Sparkling SVT. Hopefully everyone else receives their email soon. 

nekr0mantik

got email but it looks like they increasing the fixed tariff I was on prior to October 2022. Which sounds very dodgy.

so now I have to either pay £100 a year more or fix until march 24 and pay 4p more per kwh.

might see what rates other suppliers start to have from july as dont want to fix until march when enery costs are dropping.

mexicano54

I got this email from GEUK today. I'm on V6 in London, that matures in September.

The new unit rates don't look too bad, except the dreaded SC!!

And it's still with no exit fees.

I think it might be OK to accept this deal for now until the other suppliers start fighting for customers again.

What do you think?

HampshireH

Definitely going to need to look into this more.

I'm on a few with them till Sept but their offer for a new fix to March for elec

34.70 unit

55.02 sc

That standing charge😲

I didn't realise my current SC was so high compared to other areas with them too. I would have expected London to be not quite so drastically different. Is the tariff referenced above a non fixed one? (Assuming the significant difference is due to this)

Current SC 43.39

MattRS914

Also had the email, also on v6 but in the Midlands.

My gas deal offer is identical, but a much higher standing charge on the electricity. Will be interested to see if this is the same for others local to me.  

Doesn’t make a huge difference overall, so I’m minded to accept the fix through to March 24.

Pulpdiction

My offer - not impressed, should I be?

sam.4000

Not competitive at all.  With most other companies dropping their charges from the 1st July I will be paying more.  I have signed up to octopus this morning ( using a friend's referral to get £50), swap date 19th, no brainer for me and I can leave without paying an exit fee for when hopefully the competition opens up again.

QrizB

sam.4000 said:

Not competitive at all.

GEUK are on of the three "deep green" suppliers (together with Good Energy and Ecotricity) and are not normally competitive with the bulk of the market.

It's only a fluke of the crazy 2022 energy market that they ended up being an attractive supplier for people who aren't too bothered by the green-ness of their power.

mexicano54

I've decided to stay with GEUK and accept their deal to March 2024. I'm a low user and I worked out that the only big difference is the daily standing charge which will increase my summer costs by about £3.00 a month. It's a no fee exit deal so I'll wait until October/November when the bills WILL go up and hopefully there will be other choices on the market by then and will look at switching then.