Energy companies

[Quickenthetempo]

We have had posts on this in the past with lots of info.

I thought I would start another to see which is the best out there now the cap has come down 7%.

Is it time to fix again?

[Leisure]

I think it is but if you're looking for a 2 year deal there aren't many around - Eon and OVO are offering them.

[giveusaB]

It has dropped 7% but it’s forecast to rise 10% in October when we all start putting our heating back on!

[giveusaB]

We are with Octopus and may go for this with no exit fee.

“For those who prefer stability, the Octopus 12-month Fixed Tariff offers just that. Prices are locked in for a year, providing peace of mind against potential price hikes. Plus, no exit fees apply if you switch tariffs within Octopus Energy”

[NickBFC]

I have just fixed mine with Octopus, as said above, zero exit fee so sounds a no brainer. There's a calculator on money saving expert which is quite handy if anyone is unsure.

[Quickenthetempo]

I'm with Octopus at the minute but the unit prices don't seem to have gone down and fixing for 12months adds another 60 quid to my bill.

[South West Claret.]

If your seriously concerned about the climate emergency in the future and have young children and or grandchildren you might consider https://www.ecotricity.co.uk/

We’ve been with them for about 15 years now and very happy, never have to wait for someone to pick up the phone if you have an enquiry either.

[Hopey]

I'm with Octopus, can't speak highly enough of them. I've fixed for 12 months. You get £50 credit if you sign up here, as do I..

[mkmel]

Are there any energy companies who don't have a daily standing charge or at least a low one?

Atm I am living most of the year here in the Philippines and although no electric is being used in my house in England I am still being charged about
60p a day for standing charge.

[jdrobbo]

We are with Octopus and may go for this with no exit fee.

“For those who prefer stability, the Octopus 12-month Fixed Tariff offers just that. Prices are locked in for a year, providing peace of mind against potential price hikes. Plus, no exit fees apply if you switch tariffs within Octopus Energy”

Does this require a Smart Meter?

[Hopey]

Are there any energy companies who don't have a daily standing charge or at least a low one?

Atm I am living most of the year here in the Philippines and although no electric is being used in my house in England I am still being charged about
60p a day for standing charge.

Not that I know of.

[bfcjg]

We use the Martin Lewis site to get our deals, dead easy.
https://www.moneysavingexpert.com/energy/

[South West Claret.]

We use the Martin Lewis site to get our deals, dead easy.
https://www.moneysavingexpert.com/energy/

I would generally agree but I would be aware of the term “if you buy cheap you can end up buying twice”.

[Rileybobs]

I would generally agree but I would be aware of the term “if you buy cheap you can end up buying twice”.

How does this apply to energy?

[South West Claret.]

How does this apply to energy?

It applies to just about everything being sold by to the public.

[Rileybobs]

It applies to just about everything being sold by to the public.

Have you ever bought bad energy and had to shop around to buy it again?

[South West Claret.]

Yes we moved into a house that the previous owner had been using one company and didn’t like the company so we changed to another.

[Rileybobs]

Yes we moved into a house that the previous owner had been using one company and didn’t like the company so we changed to another.

But you didn't buy the energy twice.

[South West Claret.]

Yes we did but not at the same time obviously.

[claretgimmer]

We are with Octopus and may go for this with no exit fee.

“For those who prefer stability, the Octopus 12-month Fixed Tariff offers just that. Prices are locked in for a year, providing peace of mind against potential price hikes. Plus, no exit fees apply if you switch tariffs within Octopus Energy”

I am with Octopus and tried to switch my 12 month fixed tariff and start it again with Octopus but at current rates and been told there is a £75 exit fee for each utility

[South West Claret.]

I am with Octopus and tried to switch my 12 month fixed tariff and start it again with Octopus but at current rates and been told there is a £75 exit fee for each utility

What a source, did you know this when you signed up with them?

[Poulton-le-Claret]

We are with Octopus and may go for this with no exit fee.

“For those who prefer stability, the Octopus 12-month Fixed Tariff offers just that. Prices are locked in for a year, providing peace of mind against potential price hikes. Plus, no exit fees apply if you switch tariffs within Octopus Energy”

I was looking at my flexible Octopus rate today and we have decided we are going to move onto their fixed rate. Octopus estimates it might end up costing us an extra £6 above the current flexible rate for the year, which is nothing compared to what we could lose if the rates increase again in winter.

Already well in credit anyway, so the £6 is already paid up for peace of mind over another winter

[ClaretTony]

I’m with Octopus on the flexible tariff. If I wanted to switch to a fixed, how do I find the details and then do it? I can’t find anything about it in the app.

[Quickenthetempo]

I’m with Octopus on the flexible tariff. If I wanted to switch to a fixed, how do I find the details and then do it? I can’t find anything about it in the app.

I think it's just click on tariffs page. Should show 3 different tariff for you including the one you're already on.

I'm going to wait and see if the new government do anything to reduce these prices before I get fixed in.

[Juan Tanamera]

It has dropped 7% but it’s forecast to rise 10% in October when we all start putting our heating back on!

Anyone would think the energy companies are trying to cash in on our winter misery.

[Rosehill Claret]

I was looking at my flexible Octopus rate today and we have decided we are going to move onto their fixed rate. Octopus estimates it might end up costing us an extra £6 above the current flexible rate for the year, which is nothing compared to what we could lose if the rates increase again in winter.

Already well in credit anyway, so the £6 is already paid up for peace of mind over another winter

Are you sure it's £6 more for the year? It's showing as £6 more per month for me.

[Rosehill Claret]

I’m with Octopus on the flexible tariff. If I wanted to switch to a fixed, how do I find the details and then do it? I can’t find anything about it in the app.

Go to octopus.energy/dashboard/accounts/accountnumber/tariff-renewal/#/ , substituting accountnumber for your actual account number.

[Poulton-le-Claret]

Are you sure it's £6 more for the year? It's showing as £6 more per month for me.

Sorry yes, £6 per month extra!! Although I did look again when checking and the fixed rate was lower than we have been paying anyway we are in a new build so I think they set our direct debit higher than it needed to be.

Needless to say, we are definitely going to fix

[Quickenthetempo]

Sorry yes, £6 per month extra!! Although I did look again when checking and the fixed rate was lower than we have been paying anyway we are in a new build so I think they set our direct debit higher than it needed to be.

Needless to say, we are definitely going to fix

Get your DD down to what you need to pay. You can set it.

They just want the surplus in their account making plenty of interest for them.

[Poulton-le-Claret]

Get your DD down to what you need to pay. You can set it.

They just want the surplus in their account making plenty of interest for them.

Yep very good point, the fixed now brings us right down. Going to leave the extra money in there though as my Mrs is due to have our first baby in October, so it should cover the extra energy usage I anticipate us using over the winter

[Rick_Muller]

I’m trying to work out how the standing charge is up near 60p per day! Our 3 year fixed deal with EDF is coming to an end in September and the standing charge is 24p and the rate is 20p per kWh. We’ve just had a 4kW solar array fitted and a 5kW battery and our daily bill is down to just the standing charge now while it’s sunny - in fact even today it was still only about 30p for the whole day!

[chipbutty]

It applies to just about everything being sold by to the public.

This term us generally used for cheap, actual solid products ie kettles, toasters etc.
Leccy and gas is all down to price, it won't stop working!

[South West Claret.]

This term us generally used for cheap, actual solid products ie kettles, toasters etc.
Leccy and gas is all down to price, it won't stop working!

On the contrary it can apply to services as well.