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Is my fix offer savings meaningful?

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Steveotwo
Steveotwo Posts: 81 Forumite
Sixth Anniversary 10 Posts Name Dropper Combo Breaker
edited 11 September 2024 at 5:11PM in Energy
Got this through from octopus however unsure if its worth doing at all, but I dont really understand it any input would be great. on fleixilbe my 
⚡ Electricity
Daily standing charge 66.26p /day
Unit rate 23.51p /kWh
Early exit fee£0
🔥 Gas
Daily standing charge 29.67p /day
Unit rate 6.21p /kWh
Early exit fee£0
On the 15 month fix my tarrif would be 
⚡ Electricity
Daily standing charge 65.37p /day
Unit rate 22.70p /kWh
Early exit fee£0
🔥 Gas
Daily standing charge 29.49p /day
Unit rate 6.08p /kWh
Early exit fee£0
«1

Comments

  • Try this in the energy forum 😉 
    2006 LBM £28,000+ in debt.
    2021 mortgage and debt free, working part time and living the dream
  • silvercar
    silvercar Posts: 49,559 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Will move this to the energy board.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • What's the name of the tariff?

    But just by looking at numbers, day rate as well as night rate are marginally cheaper and there are no exit fees - and as it's fixed you'll protect yourself from any price rises and if prices drop you can leave anytime, so yeah you'd save like 1-2% 😅
  • What's the name of the tariff?

    But just by looking at numbers, day rate as well as night rate are marginally cheaper and there are no exit fees - and as it's fixed you'll protect yourself from any price rises and if prices drop you can leave anytime, so yeah you'd save like 1-2% 😅
    Octopus 15month fixed
  • Steveotwo said:
    What's the name of the tariff?

    But just by looking at numbers, day rate as well as night rate are marginally cheaper and there are no exit fees - and as it's fixed you'll protect yourself from any price rises and if prices drop you can leave anytime, so yeah you'd save like 1-2% 😅
    Octopus 15month fixed
    Could I move back to Octopus flexible though or would I have to leave Octopus all together? 
  • silvercar said:
    Will move this to the energy board.
    Sorry I'm new here
  • Steveotwo said:
    silvercar said:
    Will move this to the energy board.
    Sorry I'm new here
    Oct 10, 2017 Join Date  :)
  • Steveotwo said:
    silvercar said:
    Will move this to the energy board.
    Sorry I'm new here
    Oct 10, 2017 Join Date  :)
    Signed up to the newsletter back then not participated in the forum until the past 3 weeks, but thanks for trying to prove some kind of point 🤣
  • Steveotwo said:
    Steveotwo said:
    What's the name of the tariff?

    But just by looking at numbers, day rate as well as night rate are marginally cheaper and there are no exit fees - and as it's fixed you'll protect yourself from any price rises and if prices drop you can leave anytime, so yeah you'd save like 1-2% 😅
    Octopus 15month fixed
    Could I move back to Octopus flexible though or would I have to leave Octopus all together? 
    Yes you could exit the fix and switch back to Flexible Octopus (or any other tariff on offer) without completely leaving Octopus first - although it’s worth bearing in mind the prices on Flexible Octopus will change every 3 months as opposed to the fixed tariff where you’ll have certainty of the pricing until the end date.
    Moo…
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