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]

Hi,

Been looking at this again and unfortunately the BG tariff I was looking at is no longer available it seems…

Looking at ofgem site, new rates from 1st July will be:-

 

Elec: 22.36 pence per kWh, 60.12 pence daily standing charge

Gas: 5.48 pence per kWh, 31.42 pence daily standing charge

 

So I’ve been looking and it seems Ovo is working out cheapest for me so far.  Electricity is cheaper still but I don’t know anything about these and last I saw the CEO was looking to leave and appoint someone else but he is still CEO so could be uncertainty there. The difference between staying with So Energy and moving to OVO is approx. £50 a year so worth me switching as that £50 saving could pay for 1 months broadband still leaves some money over for another bill etc so think it’s worth doing.

octopus are higher than Ovo also.  Just wondering whether to bite the bullet and switch now or IF newer tariffs will come out nearer the time but given that the standing charge can go up to 60p and 31p, I’m expecting even if companies lower unit prices, they will hick the standing charger to nearer 60p?

Plan is a 1 yr. fix with £75 per fuel exit charge but that seems to be about the norm these days, most I’ve seen are £50 or £75 exit fee.

Kev

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