September 2023, which energy suppliers offer any tariff below the price cap?

Yorkshire_Pud

I’m thinking of moving suppliers for gas and electricity soon. I know maximum unit rates will reduce a bit on October 1st but just wondering now that the dreaded Autumn Winter shafting begins again?

QrizB

This MSE article could be what you are looking for:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

Yorkshire_Pud

QrizB said:

This MSE article could be what you are looking for:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

Thanks. Read it nothing much for me except shocked at the £150 dual fuel exit fees, used to be about £70 which was bad enough. 

Looks like regulator is still setting the price and the suppliers passively subscribe to it (for some reason)

MattMattMattUK

Yorkshire_Pud said:

QrizB said:

This MSE article could be what you are looking for:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

Thanks. Read it nothing much for me except shocked at the £150 dual fuel exit fees, used to be about £70 which was bad enough. 

Looks like regulator is still setting the price and the suppliers passively subscribe to it (for some reason)

Complete lack of headroom to be able to do so. There is very little difference between the allowance for wholesale purchase price in the unit cost and the future delivery contracts. As part of a fix suppliers would need to be able to hedge their supply at a low enough rate to make the price difference of the fix vs SVT a worthwhile proposition to customers, and they are unable to do that at the moment. Suppliers would love to be selling fixes, the profit margin on them is not capped at 1.9% as it is on the SVT and was historically around 4.5%, but due to global market conditions, fixes at a price that customers will sign up to are not viable.

Qyburn

QrizB said:

This MSE article could be what you are looking for:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

That refers to "fixed" but isn't there a supplier offering "£50 below the price cap"? Presumably for the mythical average household. I can't remember which supplier.

bristolleedsfan

Qyburn said:

QrizB said:

This MSE article could be what you are looking for:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

That refers to "fixed" but isn't there a supplier offering "£50 below the price cap"? Presumably for the mythical average household. I can't remember which supplier.Electricity standing charges are discounted by about 10p per day based on my region which weights in favour of lower users

Electricity standing charges are discounted by about 10p per day based on my region which weights in favour of lower users + small unit rate reduction.

https://www.fuseenergy.com/ - October rates are shown on quote page, have been effective for existing customers since 1 September ish.

QrizB

Qyburn said:

QrizB said:

This MSE article could be what you are looking for:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

That refers to "fixed" but isn't there a supplier offering "£50 below the price cap"? Presumably for the mythical average household. I can't remember which supplier.

EON Next, wasn't it? Secure vs Pledge Tracker?

https://forums.moneysavingexpert.com/discussion/6471695/secure-or-tracker-from-eon

molerat

QrizB said:

Qyburn said:

QrizB said:

This MSE article could be what you are looking for:

https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/

That refers to "fixed" but isn't there a supplier offering "£50 below the price cap"? Presumably for the mythical average household. I can't remember which supplier.

EON Next, wasn't it? Secure vs Pledge Tracker?

https://forums.moneysavingexpert.com/discussion/6471695/secure-or-tracker-from-eon

They are offering me SCs at cap and gas -0.22p and electric -0.9p which at my EAC is £66.60 pa below cap price.

Qyburn

QrizB said:

Qyburn said:

That refers to "fixed" but isn't there a supplier offering "£50 below the price cap"? Presumably for the mythical average household. I can't remember which supplier.

EON Next, wasn't it? Secure vs Pledge Tracker?

That was the one. I didn't look closely as I'm not looking to change, but in the face of it there doesn't seem to be a downside compared to SVT.