We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Not sure what to do
Options
Hi all
I am due to come to end of my deal and with winter coming I'm looking at a different deal.
This is my current dtarrif I am on.
I am not.sire what I need to look for  (Image removed by Forum Team)
I am due to come to end of my deal and with winter coming I'm looking at a different deal.
This is my current dtarrif I am on.
I am not.sire what I need to look for  (Image removed by Forum Team)
Mortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £58,108
Cc around 8k.
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £58,108
Cc around 8k.
0
Comments
-
Unit rate, standing charge and exit fee.
Remember that you use most of your gas in winter.
Variable rates for Oct-Dec are here:
https://www.ofgem.gov.uk/get-energy-price-cap-standing-charges-and-unit-rates-region
Jan-Mar looks like it might be similar or slightly higher.0 -
Have a read of mse guide on fix vs variable. It will update you on their take on current market.
As such the main focus is on 1 yr fix cf current july cap (lowest since crisis) vs known (oct) or likely but smaller? (jan) rises this winter.
But there are some 2 year fixes tabled as well - but exit fees are higher.
https://www.moneysavingexpert.com/utilities/are-there-any-cheap-fixed-energy-deals-currently-worth-it/
The percentages I the article are relative to Jul to Sep cap, and regional averages - in past some here have quoted better rates by few % when got personal quotes - the Ofgem rates linked above are now Oct from Jul comparisons.
Prices have started rising since the spring, which saw July cap lowest since Ukraine gas crisis.
Note those rates and SC on your bill tariff tables are ex vat - so you need to add 5% - to compare vs the Ofgem regional price tables which include it.
The main shock your likely to face is on standing charges - which have increased significantly since the Oct 21 cap period - electric more than doubled for me - which I guess is when your 3 yr deal began. Electric looks cheaper on ave than yiur current fix after adding vat, gas a little higher - on svt come Oct - both with regional variations though.
Make a note of your region svt known new rates for Oct I guess - and if any of the fixes appeal - or others elsewhere - get quotes specifically for your region and go from their.
0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards