Octopus

Pat_Clayton

I am an existing direct debit customer with Octopus who today have offered me a fixed rate tariff
is this a good deal

CSI_Yorkshire

Maybe, maybe not.

Depends what the offer is and what you think will happen to variable prices.

We cannot tell you what will happen.

oldernonethewiser

If you have done the sums and are happy with the offer then yes it is a good deal.

Neil49

My fixed term contract with British Gas ends in a few days time and I have been checking various tariffs available at the moment.

My findings are that there is very little saving between going onto a variable tariff compared with a new fixed one. The big difference is that a variable tariff allows you to move to another supplier (should I competitive rate become available) without a penalty charge whereas once you commit to a fixed rate tariff then the fees for leaving are around £75 to £100 per fuel.

Personally I am going to just run onto the variable tariff and see what happens over the next few months. 

CSI_Yorkshire

Neil49 said:

My fixed term contract with British Gas ends in a few days time and I have been checking various tariffs available at the moment.

My findings are that there is very little saving between going onto a variable tariff compared with a new fixed one. The big difference is that a variable tariff allows you to move to another supplier (should I competitive rate become available) without a penalty charge whereas once you commit to a fixed rate tariff then the fees for leaving are around £75 to £100 per fuel.

Personally I am going to just run onto the variable tariff and see what happens over the next few months. 

A bigger difference is that the variable rate can go up whereas a fixed one can't.

bristolleedsfan

Neil49 said:

My fixed term contract with British Gas ends in a few days time and I have been checking various tariffs available at the moment.

My findings are that there is very little saving between going onto a variable tariff compared with a new fixed one. The big difference is that a variable tariff allows you to move to another supplier (should I competitive rate become available) without a penalty charge whereas once you commit to a fixed rate tariff then the fees for leaving are around £75 to £100 per fuel.

Personally I am going to just run onto the variable tariff and see what happens over the next few months. 

No exit fees/charges if subsequently change to another British Gas Tariff including back to SVR

https://twitter.com/BritishGasHelp/status/1676160359374241792

westv

Octopus do seem a bit mean applying the fee to any change either same supplier or another.

bristolleedsfan

westv said:

Octopus do seem a bit mean applying the fee to any change either same supplier or another.

Yes .........

Pat_Clayton

thanks to all of you who posted very helpful comments.I have decided to stay with the variable tariff and live with a bit of uncertainty

bristolleedsfan

Pat_Clayton said:

thanks to all of you who posted very helpful comments.I have decided to stay with the variable tariff and live with a bit of uncertainty

Octopus Tracker has been cheaper than flexible tariff all days for many months, SC is less, kWh rate changes daily, requires smart meter, todays rates Yorkshire region.