Scottish Power fixed price to 2011

mountainchrisriver

Okay... good effort... rather than look at it as £200 odd extra per annum, maybe better thinking in % terms... i.e: 24% increase per annum to go on SP fix 'til 2011...

Fuel prices are forecast to rise between 15-45% over this winter (if you read Martins piece on fuel prices & there is certainly no reason to think this will not be the case... just look at petrol :eek: )

Not sure what the £1.50 per month extra is about...

Only you can decide whether it is worth the extra to fix prices for the next 3 years... can't see fuel coming down in a hurry... if it does the SP 2011 fix is on a revolving 28 day contract so you can always shift if fuel prices do come down enough...

As for switching to other providers I would personally do exactly the same process to find out actually how much you are likely to save... I tend not to believe the comparison sites having sat down and worked things out myself... remember to compare like with like... ie: if you want a fixed product then don't compare to cheaper variable rate products which may well rise swiftly after the summer...

HTH...:D

mutley74

Thanks for advice. decided to sign up for the fixed price online offer - just did it now online and it seemed to go through!
thanks

mountainchrisriver

atpug wrote: »

Thanks for advice. decided to sign up for the fixed price online offer - just did it now online and it seemed to go through!
thanks

Glad to have been of some help... :beer:

neil9313

atpug wrote: »

Thanks for advice. decided to sign up for the fixed price online offer - just did it now online and it seemed to go through!
thanks

Im thinking of it, do you think the 2 x £1.50 per month is on top of the dearer rates?

mountainchrisriver

neil9313...
where you getting this £1.50 extra a month from? link?


Don't forget these discounts once you have worked prices out:

"Additional discounts applicable for customers who choose our Fixed Price Energy Offer are:
• Gas & Electricity Offer annual discount* of up to £16.80 (inc. VAT)
• Online Energy Service annual discount** of £5.25 (inc. VAT) for gas and £10.50 (inc. VAT) for
electricity "

BexTech

http://www.scottishpower.co.uk/pricing_pdfs/Fixed_Price_Booklet.pdf

Fixed Price Energy Offer Notes
†The prices shown in this leaflet will be the prices you pay,
guaranteed until 28th February 2011. These prices are higher
than our current monthly Direct Debit prices effective 2nd
February 2008 by an equivalent of £1.50 (inc. VAT) for gas and
£1.50 (inc.VAT) for electricity per month. Prices correct as at
2nd February 2008. Figures shown are inclusive of VAT at the
applicable rate of 5%.

neil9313

Yes im online for both of those chris, the £3 is mentioned in the fixed price details, ill go and find it! bex beat me to it!

mountainchrisriver

Thanks BexTech... but in english that means???

neil9313

mountainchrisriver wrote: »

Thanks BexTech... but in english that means???

Chris do you think its relating to the standing charges for both fuels per month, cos they wont known how much units you are using, also £3 is an exact amount :rolleyes:

mountainchrisriver

neil9313 wrote: »

Chris do you think its relating to the standing charges for both fuels per month, cos they wont known how much units you are using, also £3 is an exact amount :rolleyes:

Really not sure... it could be comparing the fix rate with their standard rate at the time of going to press... it is a bit vague... does say though that the rates you pay will be the ones shown in the booklet, with no other mention of that £3 (2 x £1.50)...