We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

6 month tenancy before living with family - can I still take fixed rate deals?

Squeaky_Kleen
Squeaky_Kleen Posts: 23 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 26 February 2024 at 4:48PM in Energy
I'm moving into a property rental (by myself) for 6 months, then I'm likely living with family for a while afterwards.  If I get a fixed rate electricity deal, do I have to pay exit fees when I leave?(I wont be responsible for bills when I move in with family). What's the best way to go in a situation like mine?

Thanks for your help!

Comments

  • MeteredOut
    MeteredOut Posts: 2,436 Forumite
    1,000 Posts Second Anniversary Name Dropper
    edited 26 February 2024 at 5:03PM
    Who is your supplier? Ask them. In your situation, I'd only sign up for one with no exits fees - I can't see them not invoking the fee when you're not transferring to them in your new home (for those that do allow this).

    There's no "must have" fixed fee at present anyway, with rates dropping in April, so an SVT might be easiest all round.
  • Who is your supplier? Ask them. In your situation, I'd only sign up for one with no exits fees - I can't see them not invoking the fee when you're not transferring to them in your new home (for those that do allow this).

    There's no "must have" fixed fee at present anyway, with rates dropping in April, so an SVT might be easiest all round.
    Yes actually Variable does seem to be the way to go currently, I'll just do that then.
  • Mobtr
    Mobtr Posts: 672 Forumite
    500 Posts Second Anniversary Name Dropper
    I believe most companies charge the exit fee if you move out & don’t take the supply with you even if you can’t as in your case. 
    I think they were losing too much money as anyone can say they’re not responsible at the new property even if they are 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.6K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.5K Spending & Discounts
  • 241.3K Work, Benefits & Business
  • 617.8K Mortgages, Homes & Bills
  • 175.8K Life & Family
  • 254.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.