Octopus

Pat_Clayton
Forumite Posts: 8
Forumite


in Energy
I am an existing direct debit customer with Octopus who today have offered me a fixed rate tariff
is this a good deal
is this a good deal
0
Comments
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Maybe, maybe not.
Depends what the offer is and what you think will happen to variable prices.
We cannot tell you what will happen.0 -
If you have done the sums and are happy with the offer then yes it is a good deal.Things that are differerent: draw & drawer, brought & bought, loose & lose, dose & does, payed & paid0
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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.1 -
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.1 -
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.
1 -
Octopus do seem a bit mean applying the fee to any change either same supplier or another.1
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westv said:Octopus do seem a bit mean applying the fee to any change either same supplier or another.0
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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 uncertainty1
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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
0
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