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,

So checked my provider this evening and it seems they are offering a fixed tariff.  Here is the info:-

Existing tariff:

Unit rate (Electricity) 33.97p per kWh
Standing charge (Electricity) 43.64p per day

1 year Fixed tariff being offered from July 2023:

Unit rate (Electricity) 29.37p per kWh
Standing charge (Electricity) 43.63p per day

So effectively standing charge remains the same, only unit price coming down a bit.  Assuming the calculation they have done is correct on my estimated annual cost, I’d save approx. £40 over the 12 months. so just over £3 a month saving

Doesn’t say by which date I need to accept the offer but unsure if its worth it as no one knows what the rates will be July – Oct so I could fix and find out the variable rate drops lower than my fix?

Kev

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