OFTM Fixed Energy Plan Ends today

pacuk01

Yea both the fix have exit fees. But the when the price cap comes in they might also change the fix to a lower rate

pacuk01

Now whether to fix in for a year or 2 years

MWT

pacuk01 said:

Does the last price cap not come into effect from July though. So does that not mean July's rates will be better than junes?

No it doesn't.

The price cap only covers the Standard Variable Tariff.

Fixed tariffs follow whatever the supplier believes will happen to wholesale prices over the period of the fix, and is also influenced by whatever hedging they have in place over that period.

MWT

pacuk01 said:

Well here is a copy of what they emailed me...

Are they really still offering a May 2024 tariff? 

Hard to believe they have not made a change a year later...

bristolleedsfan

pacuk01 said:

Yea both the fix have exit fees. But the when the price cap comes in they might also change the fix to a lower rate

What understanding do you glean from 4th and 5th post on first page?

pacuk01

MWT said:

pacuk01 said:

Well here is a copy of what they emailed me...

Are they really still offering a May 2024 tariff? 

Hard to believe they have not made a change a year later...

No I think their email is misleading. In fact they are not available at all. When you click on the portal it takes you to different rates. 

Okay I will fix now and hope if something better comes along they don't charge the exit fee.
I bet the exit fee that they quote is double what they say too as they just quote a dual fixed rate with an exit fee of x amount. I bet it is x amount for gas and x amount for electricity. Again that I'd not clear either.

Malchester

bristolleedsfan said:

pacuk01 said:

Yea both the fix have exit fees. But the when the price cap comes in they might also change the fix to a lower rate

What understanding do you glean from 4th and 5th post on first page?

There are exit fees which are charged if you move away from OFTM, or change from a fixed tariff to a variable one with OFTM. The exit fees are waived if you change from fixed to a new fixed with them

RelievedSheff

If you go onto your online account you can pick your tariff.

It will have exit fees but these only apply if you leave OFTM. If you switch to another OFTM tariff you are not charged exit fees. We have switched tariffs a few times this year already.

Moving to the SVR will just cost you more money unnecessarily. OFTM have already lowered their prices recently. There is no reason to suspect that their fixed rates will drop further in July. And if they do you can switch at no cost to you.