Ecotricity EcoFixed - 1 year Oct 25 v1

Doc_N

Worth checking this out. It doesn’t pay commission to MSE etc so doesn’t get a lot of attention, but it’s way cheaper than the MSE Big Switch recommendations. Saved £300 on a gas switch, and that was from a pretty competitive Octopus fix.

QrizB

Interesting.

We use about 2000kWh/yr of electriciy, 9000kWh/yr of gas.

In my region (Southern) Ecotricity are offering:

• Electricity: 22.88p/kWh, 45.45p/day
• Gas: 4.68p/kWh, 50.68p/day
• Exit fee: £75 er fuel
• Annual cost: £1229.64

Octopus's current 12-month fix is:

• Electricity: 25.27p/kWh, 43.66p/day
• Gas: 5.71p/kWh, 32.52p/day
• Exit fee: nil
• Annual cost: £1297.50

So, a small saving for me vs. the current Octopus fix.

The gas unit rate is 1p/day lower but the standing charge is an extra 18p/day, so youd need to use more than 6500kWh/yr before there's any saving on gas.

For electricity, the break-even is around 300kWh/yr, so most people would save something.

Doc_N

Yes, it's particularly advantageous to high users of gas. It's saving us about £300 for the year. 

EssexHebridean

Yep - no good for me because of that enormous standing charge - my current fix which is good until next year is at a 28.XX SC so realistically for my 7000kWh-ish P/a gas use the best I could hope for would be to break even, but in reality I suspect it would actually cost more. My current fix is good through to July and right now I can see myself sitting there until that ends!