Reply To: Typical energy bill to fall to lowest for two years under new Ofgem price cap BBC have reported the typical energy bill will fall to £1,690 from April to the lowest for two years under the new price cap set by the regulator. It means…

[kev2021]

Thanks, I know before when I fixed, they lowered the price but I believe that was due to the higher and higher charges and they fixed the price for everyone regardless of variable or fixed.

Not a huge issue for me as hopefully it will start to get a bit warmer from April so meaning heating not on as much so reduced bills.

I also believe it’s 45 days before your contract ends that you can start to look around/switch/re-fix etc so that brings me to around mid May I believe so will take a look around then and see what options are then when I know exactly what new tariffs will be. Might be switching again, have to see. Unfortunately most, if not all, small companies have gone under so not sure there will be much in terms of competition/price changes but will see.  Having had a quick look, it seems I could potentially save around £60 total so not worth it as I currently have £150 exit fee in total. It does seem that the unit price is coming down but the standing charge is going but so looks to be anywhere from 60/70p a day standing charge in total + unit rates.

Kev

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