I'm glad I ummed and ahhhd about mine. Our 12 month fix comes to an end in October, and sainsburys had offered a 12 month fix, although based on the Cornwall insight predictions over the next 12 months their fix was only likely to save me about £150 over the course of 12 months when compared to variable.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
I'm glad I ummed and ahhhd about mine. Our 12 month fix comes to an end in October, and sainsburys had offered a 12 month fix, although based on the Cornwall insight predictions over the next 12 months their fix was only likely to save me about £150 over the course of 12 months when compared to variable.
Looks like it yeah. Wait until details are out. But most likely you'll want to be paying that fee to exit
Unless you’re with Octopus in which case you can change tariff without penalty.
Soldato
I believe you can change tariff within the same supplier penalty free as well.
good point:
From British Gas website.
How do I switch between tariffs if I’m already a customer?
It’s quick and easy to change tariffs online if you’re already with us. Simply access your account online, go to ‘tariff switch’ and pick your new tariff. It’ll take us 24 hours to switch you over and you won’t have to pay any exit fees.
Soldato
So you can switch to anything with no exit fees and then exit...
"the perfect crime"
"the perfect crime"
Soldato
- Joined
- 27 Mar 2013
- Posts
- 9,241
If that's the case, it's not too bad.
Soldato
lol? A year ago the cap was £1200
Maybe this is why the government has been so quiet on proposed plans, let the panic set in and then a cap which is still double what we were paying last year seems like a good outcome
Funny thing is the switch i did with BG in late May i finaly got them to move me over the other day. It was 34p electric and 10p gas, so will see what this outcome is. According to their site i can switch back to variable penalty free then. Depending on how long Truss's package lasts as i have this until end of June 2023.
Soldato
Energy Prices (Strictly NO referrals!)
Not to mention that any "fixed contract" is a "hedged bet" against the idea of increasing prices.. It is a gamble.. Way too many people are being self-centered and assuming that a fixed price contract should ONLY apply when the fixed price if it's lower than current market rates. You win some...
forums.overclockers.co.uk
But interest rates are going up. I'd prefer them to hit the profiteers and tax the billionaires instead.
I'm assuming this is something specific to this announcment? ignoring the exit fee T&C.Energy Prices (Strictly NO referrals!)
Not to mention that any "fixed contract" is a "hedged bet" against the idea of increasing prices.. It is a gamble.. Way too many people are being self-centered and assuming that a fixed price contract should ONLY apply when the fixed price if it's lower than current market rates. You win some...
Already 4 suppliers confirmed on MSE that let you switch back to SVR penalty free, I already knew of course agile and tracker are penalty free to switch back to SVR.
I think whats key now is how long this new cap is in place for, if its only a few months then choosing to unfix isnt easy.
I think whats key now is how long this new cap is in place for, if its only a few months then choosing to unfix isnt easy.
Most places seem to suggest 2 years/winters so to the next election? then let whoever wins sort it all out
Soldato
If you want to switch to SVR on current supplier you can do so tracker free. You can then shift anywhere.
People on fixes are unlikely to be penalised even without any specific attention, unless they just sit on a higher fix and do nothing.