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]

Got my £60 :) It does appear fixed rates will be reduced by x amount or to 10.3p.  For me, it is likely to be 10.3p, however my provider is saying “some fixed tariffs will change” but the government article implies all fixed tariffs will change so waiting to hear more, website says it will update which fixed tariffs will change so waiting to see.  In theory, I should still have 2 options..

1. Remain on this fix and pay rate of the fix which is less than 1p a unit more.
2. Should be able to exit the tariff for free up until Nov according to government advise so will see if that applies to my provider also, if not, they given me £60 so I could still effectively exit and it has cost me nothing :)

My online account still says transferring but it is showing the correct amount for my DD next month, I just can’t view the accounts separately so to speak, I can only add fund to Elec and view the tariffs for Elec & Gas atm.

I think I underestimated the cost my DD should be at but tbh not a big issue as I was going to add some money to my account anyway as I got my credit back from EDF just to cover any additional costs above normal during winter to avoid them increasing my DD hopefully as any excess will be taken from money in the account and not my bank :)

Kev

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