Gas and Electricity Prices
- Thread starter gordonscobie
- Start date
Bob McC
Living the life of Riley
But a fix stops it getting any worse for 1 year/2 years.
this helps try to clarify things
https://www.moneysavingexpert.com/tips/2021/09/08/
this helps try to clarify things
https://www.moneysavingexpert.com/tips/2021/09/08/
Doesn't it all just feed into the grid regardless of plant location?
PhilofCas
pfm Member
Would have thought so, good point.
Cav
pfm Member
I have fixed for 2 years. I doubt prices will fall....
Mike Reed
pfm Member
Unfortunately I read the renewal email on Aug. 18th from Octopus to be a fixed renewal quote (confusing email). It wasn't, it was an estimate IF YOU BOOK IT NOW. I still couldn't see how to renew for what I was already on (1 yr. fxd) so phoned up a week ago and got a much higher price than the renewal 'quote, which I took (for 24 months as they don't do 1 year any longer).
At least it's fixed from 3rd October and I can switch without cost so can't see a problem but things don't seem to be easing.
so worth doing early, Tony. They hold any fxd term until expiry
MikeMA
pfm Member
I'm with Shell Energy. I'm quite profligate I think: my electricity consumption is about 2,500 kWh/year; gas about 22,000 kWh/year. Two months ago I signed up to a new two year fix. Prices have soared since then, so I reckon I got a good deal.
As a matter of interest what happens when a supplier goes bust? No one comes round and turns you off do they? Just make sure you always owe them money rather than vice versa. I wouldn't start worrying until a generator/producer goes bust, in which case we are all ******
As a matter of interest what happens when a supplier goes bust? No one comes round and turns you off do they? Just make sure you always owe them money rather than vice versa. I wouldn't start worrying until a generator/producer goes bust, in which case we are all ******
mansr
Objectionist
You get automatically switched to some other supplier, probably something like SSE, likely at the worst rates they can conceive. After that, you can change to whatever you want. There will be no disruption to your supply.
wow&flutter
pfm Member
I was with Tonik and was automatically switched over to Scottish Power. I then done an online comparison and moved to Avro. The credit balance I had was transferred from Tonik to Scottish Power and then transferred in cash to my bank when I left them.
Ponty
pfm Member
When the govt tells people not to worry about something, be worried. Octopus has joined others in calling for govt to remove environmental levies to help lower bills.
Calls for bail outs of energy companies. Sorry, jog on. If the commercial models of some don’t work when there is volatility in the market, they are unsustainable and therefore don’t work full stop.
Calls for bail outs of energy companies. Sorry, jog on. If the commercial models of some don’t work when there is volatility in the market, they are unsustainable and therefore don’t work full stop.
Tony L
Administrator
As stated upthread I’m on Octopus and I have to make a decision whether to stick on the dual gas & electric flexible tariff or switch to fixed. The quote for flexible based on current usage is £1,105 a year, or I can switch to a 12 month fixed tariff at £,1512. What to do? It seems a lot more, but I’ve not really been following this story. Is this an ok deal?
Bob McC
Living the life of Riley
Your flexible is subject to a price cap.
There’s a hike coming in October and another one next year.
Hopefully Octopus is a realistic company and not one of those that promise the earth and then fold. I have been with them for years.
Many of the price comparison sites have stopped doing gas comparisons because the industry is in such disarray.
I think you could easily be paying much more than an extra tenner a week if you stick to standard tariff.
Seeker_UK
Feelin' nearly faded as my jeans
No, but it reduces the demand for gas for UK electricity generation (one factor currently pushing prices up here) and that should take pressure off prices both directly on domestic gas bills and indirectly through domestic electricity bills.
