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Disappearing and/or Updating (more £££) Energy Fixes
This morning I decided to sign up for a 2 year fix with EDF (I am on one with them that is about to run out). I signed up for Simply Fixed 2Yr Mar28v5 .
By mid-afternoon that had been replaced with V6 which is £50 a month more expensive, with EDF seriously hiking the gas unit price within the fix.
I know fixing is not for everyone, but it is clearly a fast-moving game at the moment due to world events.
Best wishes, Stuart
Comments
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Many suppliers have withdrawn all fixes, for the foreseeable. You were lucky.
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Just checked this tariff Simply Fixed 2Yr Mar28v6 and £540 per year more expensive than my current edf fix that runs out in feb 27 EDF Energy Simply Fixed Feb27v4. Monthly amount £246 . The 1 year fix is £735 per year more expensive Simply Fixed Mar27v5. So instead of £200 per month its £262 per month. Quite incredible and really scary.
21k savings no debt1 -
Glad I fixed with fuse on the day USA attacked. Although now thinking might of been better going with one of the bigger companies.
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Yes there is always the risk of smaller companies going bust and being stuck on variable tariff with ofgems chosen replacement company.
21k savings no debt0
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