Reply To: Energy Price Rises Hi all, What’s everyone thinking of doing RE energy bills? Going on variable and paying the cap prices? Choosing a 1 or 2 year fixed tariff? Staying with current supplier…

[kev2021]

Hi,

From my understanding, the Gas is now being fixed at 10.3p for capped tariffs.  My gas is slightly higher (less than 1p) so I’m waiting to see if it gets reduced.  I saw a gov article online saying if your fixed rate was higher then they would reduce it by 4.2p which sounded too good to be true as I’d then be paying around 7-8p per unit which seems cheap, too cheap when the cap was 10.3p BUT I see Martin Lewis has said now he things it will prob just be reduced down to 10.3p but to not change your fixed tariff yet as there is no confirmation on details yet BUT he did say ppl would be allowed to switch out of fixed rate tariffs until Nov for free and not pay the exit charges, which are typically quiet high now in comparison to the usual £30 per fuel.

My switch still looks to be in process as on the website it says waiting for transfer so I can’t edit DD etc yet so still waiting.  Have received final bill from EDF so now waiting for credit to come back into my account, estimated 16th.

Yes, my Elec is fixed till March so that is going to go up significantly I suspect from what I’m paying now, currently thinking I will fix the Elec for 1 year and then after than, try to get both my Elec and Gas on a dual fuel tariff as most of the small competitive companies are no more so its only the bigger companies left and suspect they will all be around the same price, give or take.  So will look around and prob go for a dual fuel with someone at the time rather than separate Elec/Gas.

Kev

You need to login in order to vote