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,

My elec tariffs ends in a few days and as most, if not all suppliers not offering any fixed deals atm, i’ll be moved to the variable tariff with my supplier.  I’ve looked at Octopus and there flexible tariff works out fractionally cheaper(assuming the price includes vat) so i’ve enquired via twitter, waiting reply.  The only question i have is that the unit price was 68.xx but reduced now to 35.xx due to government reduction etc but is that going back to 68.xx from April or a different figure as hard to compare otherwise :)

If the price will remain the same then i may switch as i think Octopus offer the Uniflow type Gas smart meters so i could switch my gas to them next year and hopefully get a new IHD as my one no longer works, it just sits at a blank screen and spins.

I have heard rumours we may start to see new fixed price tariffs as prices are rumoured to start dropping from July but i suspect fixed will be higher than the reduced prices hence not worth fixing.

So at the mo, just elec to sort out but IF prices do reduce and a good fix comes along, i can get out of my gas tariff as they gave me £60 compensation for major delays etc switching me and the exit fee is £60 so effectively wont cost me anything to get out :)

Are others keeping with existing suppliers variable tariffs or switching to other providers variable tariffs atm?

Kev

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