[Finance] Utility companies have you fixed for a new deal ?

Leekbrookgull

Well-known member

Jul 14, 2005

16,266

Leek

• May 4, 2024

• #1

Seems to be quite a popular discussion topic whether at work or in the pub have you been offered a fixed deal by your supplier or do you want to stay on a variable tariff ? Our current supplier Ovo Energy have offered us a one or two deal at current unit and standing charge rate. Looking at the market there doesn't appear to be a simple solution.

 

peterward

Well-known member

NSC Patron

Nov 11, 2009

11,396

• May 4, 2024

• #2

Leekbrookgull said:

Seems to be quite a popular discussion topic whether at work or in the pub have you been offered a fixed deal by your supplier or do you want to stay on a variable tariff ? Our current supplier Ovo Energy have offered us a one or two deal at current unit and standing charge rate. Looking at the market there doesn't appear to be a simple solution.

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With Octopus. Have been on capped SVR a few years, but fixed 2 weeks ago.

Martin Lewes suggested if the fix is more than 3% less than the new April price cap its worth doing, it was around 5% less.

Alleged prices will drop again in summer and rise later in year, but looking at Russia war and destroying of Oil refineries, which has bumped petrol prices, I took the extra £15pm off of April price cap and fixed it. Plus it had no exit fees so could in theory fix again if lower price elsewhere. It's all a bit of gamble!

 

Weststander

Well-known member

NSC Patron

Aug 25, 2011

64,502

Withdean area

• May 4, 2024

• #3

Leave it until August, is the recent years best advice.

 

banjo

GOSBTS

Oct 25, 2011

13,258

Deep south

• May 5, 2024

• #4

Got moved to Octopus from Shell Energy. Latest bill seems quite reasonable apart from the standing daily charges, which I assume are high from all providers.

 

peterward

Well-known member

NSC Patron

Nov 11, 2009

11,396

• May 5, 2024

• #5

banjo said:

Got moved to Octopus from Shell Energy. Latest bill seems quite reasonable apart from the standing daily charges, which I assume are high from all providers.

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Was like you moved to them when Avro went tits up, but happy with them and seem pretty fair.

 

LamieRobertson

Not awoke

Feb 3, 2008

46,980

SHOREHAM BY SEA

• May 5, 2024

• #6

Go here is my advice

….re OVO they up until recently offered a competitive 1 year fix to existing customers only which was also fee exit free if you changed ‘in house’ ….with the price cap due to drop by a reasonable amount come July, I’m personally waiting to see what products appear after that