In the news this weekend - there is an energy shortage and a steep increase of prices. There are no cheap deals left and some smaller suppliers are expected to go bankrupt. Stay with your tariff and supplier and hope for things to get better but prices will be higher this winter, so keep that in mind and prepare to have to pay more. If your tariff is fixed until a cetain month you will not pay more until the tariff runs out. If you are on the variable monthly contract you will pay more in October, and probably more again before the winter is over. Any questions? I will try to help.
My current fixed tariff ends 31.10.2021
have a new deal offer which I am likely to take up
If I switch now will I switch to new deal straight away , which although good, is a higher price or should I wait until my current deal ends? Not sure how long the offer will be available.....
Thanks for the reply ( my first post so was a bit nervous :-) )
appreciate that prices are still rising ... but Im on fixed until next month which I fixed in a year ago... I just wish I knew when the offer is likely to expire as researching many of their deals it is one of the cheapest although there is a cheaper electricity deal with same fixed expiry date ! ( and cheaper on both unit and standing charge) as there is no duel fuel discount anymore I may split across both deals :-)
Im going to call them in morning to try and find out likely end date of special promotion.. for gas anyway.... but will probably switch earlier - bird in the hand and all that :-)
@Magorij Thanks for joining this discussion. In my opinion prices will continue to rise, and stay at a high level through to Summer 2022. The government has a lot of problems to solve and eventually consumers will have to pay the full new prices. The idea that the situation is only going to last a few weeks is wishful thinking.
@Cthompson It's a question that puzzles many, what is fixed is the unit price per kilowatt hour. What you pay depends on how many kWh units you use. It's like buying petrol, the price per litre might stay the same but what you pay depends on how many litres you buy.
A fixed price contract protects you against the cost of kWh units rising.