Notification of Price Change

Ayr_Rage

brewerdave said:

Ayr_Rage said:

EDF emailed this to me today at 1316

The government’s Energy Price Guarantee 1 was introduced on 1 October 2022 to help reduce the impact of increasing energy costs.

From 1 July 2023, the discount is no longer being applied to customers on fixed tariffs. This means your prices will return to the rates you first agreed, when you chose your fixed tariff with us

There’s nothing more you need to do.

IF you want to pay considerably more to us over the next x months !!

In my case x = 11 and delta = £8/month based on my last 12 months of actual usage.

Therefore my increased cost until the end of May 2024 is £88 by staying on my fix as opposed to the £300 I would need to pay in exit fees to move to the SV tariff.

Scot_39

So is £8 a month really "considerably more" ?

For the security the fix would have provided over last winter.  Had the govt not taken on the debt to pay epg discounts.

Edit - Yes I know many will be paying £100s more if stick - and so many will be leaving the deal.  But that's just it - an individual decision.

astroL

I'm with Octopus Go. My night-time slot has changed from 7.5p to 9.5p.  Not a 17% decrease but a 27% increase.

Hmm!

QrizB

astroL said:

I'm with Octopus Go. My night-time slot has changed from 7.5p to 9.5p.  Not a 17% decrease but a 27% increase.

@astroL was that a renewal? Which version of Go are you on?
The latest version of Go is variable rather than fixed. It was IIRC 12p/kWh but was reduced to 9.5p/kWh a few months ago.

CSI_Yorkshire

astroL said:

I'm with Octopus Go. My night-time slot has changed from 7.5p to 9.5p.  Not a 17% decrease but a 27% increase.

Hmm!

"My night-time slot".  Yep, that'll be it then.

astroL

QrizB said:

astroL said:

I'm with Octopus Go. My night-time slot has changed from 7.5p to 9.5p.  Not a 17% decrease but a 27% increase.

@astroL was that a renewal? Which version of Go are you on?
The latest version of Go is variable rather than fixed. It was IIRC 12p/kWh but was reduced to 9.5p/kWh a few months ago.

Was on Oct 2022 v1. It seems to have coincided with the renewal although - believe it or not - recently they gave me renewals at 12p/kWh for the end of June and then this second one. When I looked online to see what 'new subscribers' were offered, it was at a higher rate so I suppose that I am meant to be grateful for the 27% increase ......? Its just annoying seeing all these claims about 17% reductions! The peak-rate reduction has minimal effect on me because I almost only use the night-rate.

Scot_39

17% reductions were for duel fuel headline figure.

The £426 reduction in the new cap vs £2500 EPG - was c80% from the gas unit rate drop. 

The split gas vs electric - vs EPG - gas -c27% (c10.3p to 7.5p) vs c10% electric (33p to 30p) subject ot regional variation on unit rates.

12p is still a tiny fraction of the SR - which is still c30p (Ofgem nearest penny figure).

MWT

astroL said:

Was on Oct 2022 v1. It seems to have coincided with the renewal...

Go October 2022 v1 is the current version which is variable and has a 9.5p low-rate.

Your original version was probably July 2022 v1 which was a fixed tariff and had a low-rate of 7.5p.

Nothing you are reading about reductions has anything to do with people who are coming off of a fixed tariff like yourself...

SRS007

Last year, 2022, people on  Fixed Tariffs were told it would be cheaper, when the prices were about to shoot up for standard tariff people.  So I signed up. 

A few days after the gov introduced the Gov Energy Guarentee Discount for the standard tariff & the fixed tariffs were also adjusted to account for this, so we paid the same as the standard rate. Otherwise our rates were going to be much higher than the standard rate.

Now the Gov discount has ceased as from 1st July 2023 & Fixed Tariff people have been reverted back to their original sign-up rates, which in my case is considerably higher than the standard rates now.  About £800 based upon last years useage.

Why have they been allowed to do this?  Fixed Rate tariffs were adjusted to accomodate the change when we all had the Gov Energy Guarentee Discount but for some reason we are the fall guys this time?  Fixed rate tariffs are no longer a cheaper option & we should be allowed to abandon them without penalty. 

I emailed & asked to do this 12 days after I signed up, I was within the 14 days cancellation period, but EDF ignored me.  Because the prices went down I was content to leave things as they were.

EDF has not informed me 30 days in advance of the increases to my gas/elec. I received an email 8 hrs before it took place at midnight on 30th June BUT I was not asked to submit a reading, I did so of my own volition, AND  when I looked at my account the prices had already been increased & I don’t have any answer from EDF for how long the prices went up BEFORE 1st July.   

It will cost me £300 to leave the fixed tariff & about £850 more next year based on last years useage.  I want to know if the supplier is in 'breach of contract' with me for not advising me & if i can then leave the fixed tariff without penalty? 

 They have said that they informed me when the prices went down last year that they would go back up at the end of the gov discount.  I have no recollection of that & surely i would have insisted they cancel the Fixed Tariff if i had know!

I have read on the ML website somewhere ''Tariffs remain Fixed unless there is a gov intervention''  We had a gov intervention last year & our prices were dropped, although they were called 'Fixed'… isnt this another gov intervention, shouldn’t our prices drop to the standrad rate because we no longer have a Fixed Tariff now that the Gov have intervened again?

CSI_Yorkshire

SRS007 said:

Last year, 2022, people on  Fixed Tariffs were told it would be cheaper, when the prices were about to shoot up for standard tariff people.  So I signed up. 

A few days after the gov introduced the Gov Energy Guarentee Discount for the standard tariff & the fixed tariffs were also adjusted to account for this, so we paid the same as the standard rate. Otherwise our rates were going to be much higher than the standard rate.

Now the Gov discount has ceased as from 1st July 2023 & Fixed Tariff people have been reverted back to their original sign-up rates, which in my case is considerably higher than the standard rates now.  About £800 based upon last years useage.

Why have they been allowed to do this?  Fixed Rate tariffs were adjusted to accomodate the change when we all had the Gov Energy Guarentee Discount but for some reason we are the fall guys this time?  Fixed rate tariffs are no longer a cheaper option & we should be allowed to abandon them without penalty. 

I emailed & asked to do this 12 days after I signed up, I was within the 14 days cancellation period, but EDF ignored me.  Because the prices went down I was content to leave things as they were.

EDF has not informed me 30 days in advance of the increases to my gas/elec. I received an email 8 hrs before it took place at midnight on 30th June BUT I was not asked to submit a reading, I did so of my own volition, AND  when I looked at my account the prices had already been increased & I don’t have any answer from EDF for how long the prices went up BEFORE 1st July.   

It will cost me £300 to leave the fixed tariff & about £850 more next year based on last years useage.  I want to know if the supplier is in 'breach of contract' with me for not advising me & if i can then leave the fixed tariff without penalty? 

 They have said that they informed me when the prices went down last year that they would go back up at the end of the gov discount.  I have no recollection of that & surely i would have insisted they cancel the Fixed Tariff if i had know!

I have read on the ML website somewhere ''Tariffs remain Fixed unless there is a gov intervention''  We had a gov intervention last year & our prices were dropped, although they were called 'Fixed'… isnt this another gov intervention, shouldn’t our prices drop to the standrad rate because we no longer have a Fixed Tariff now that the Gov have intervened again?

Duplicate of this poster's new thread.