Energy Renewals

jim8flog said:
Having done my switching back in July I could only find a couple of companies that would do gas only. Sadly never found that one so went with BG whose rates were good at the time.
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I'm with BG as well but I have a dual gas/electric tariff and Money Saving Expert sent an email out last night about this special tariff which is fixed till end November 26.
It was just in case anyone was interested.
This is the crux of the email.

https://clicks.moneysavingexpert.co...JoVkb10Iz13ZZTXQryyQOBVGnKbGQzLLrgk013eh6E2rF
I've waited a long time to write this... welcome to our 1st Collective Switch since the energy crisis. We've managed to get, by far, the cheapest fix available, with a serious saving and it's from a big energy beast.
A Collective Switch is a regulated process which allows 'member groups' to invite energy firms to bid to offer special deals that undercut what they offer elsewhere. We did. They did. This is the result.
I picked three fixes - meaning you lock in a rate so it's guaranteed not to rise for a set time, giving you peace of mind of price certainty. That's unlike the Price Cap tariffs most homes are on right now, which rise 2% tomorrow (and are strongly predicted to stay high across winter and beyond). These fixes are all very substantially cheaper than the Cap, meaning savings of £100s for many.
[th width="100%"]

The three MSE Big Switch winners
All have agreed to MSE enhanced service
Ends: When limit is hit or 13 Oct. For: Eng, Scot, Wales (see N. Ireland help).​
Are you 'eligible' to get one of these? Almost certainly, YES! While rules say it must be 'members only', we define our members as all who were signed up to get the MSE weekly (ie, this) email by last Friday, plus those signed up to our Cheap Energy Club by then.
When you click a link below, it'll take you to our full comparison (as your exact prices & winner depends on usage and location). If you're not already signed up to Cheap Energy Club, ensure you use the email address you get this email sent to, in order to get these tariffs.
None of these tariffs require you to have a smart meter.
  • WINNER 1: Cheaper-than-the-market's cheapest.
    British Gas 14mth fix     for both new & crucially existing customers. This is the cheapest BG fix since Sept 2021 and is an average 15.2% less than the new 1 Oct Price Cap.

    Existing BG customers can get it too,
[/th]​
 
Robster59 said:
I'm with BG as well but I have a dual gas/electric tariff and Money Saving Expert sent an email out last night about this special tariff which is fixed till end November 26.
It was just in case anyone was interested.
This is the crux of the email.


https://clicks.moneysavingexpert.co...JoVkb10Iz13ZZTXQryyQOBVGnKbGQzLLrgk013eh6E2rF
I've waited a long time to write this... welcome to our 1st Collective Switch since the energy crisis. We've managed to get, by far, the cheapest fix available, with a serious saving and it's from a big energy beast.
A Collective Switch is a regulated process which allows 'member groups' to invite energy firms to bid to offer special deals that undercut what they offer elsewhere. We did. They did. This is the result.
I picked three fixes - meaning you lock in a rate so it's guaranteed not to rise for a set time, giving you peace of mind of price certainty. That's unlike the Price Cap tariffs most homes are on right now, which rise 2% tomorrow (and are strongly predicted to stay high across winter and beyond). These fixes are all very substantially cheaper than the Cap, meaning savings of £100s for many.

[th width="100%"]
​
The three MSE Big Switch winners
All have agreed to MSE enhanced service
Ends: When limit is hit or 13 Oct. For: Eng, Scot, Wales (see N. Ireland help).​

Are you 'eligible' to get one of these? Almost certainly, YES! While rules say it must be 'members only', we define our members as all who were signed up to get the MSE weekly (ie, this) email by last Friday, plus those signed up to our Cheap Energy Club by then.
When you click a link below, it'll take you to our full comparison (as your exact prices & winner depends on usage and location). If you're not already signed up to Cheap Energy Club, ensure you use the email address you get this email sent to, in order to get these tariffs.
None of these tariffs require you to have a smart meter.​
  • WINNER 1: Cheaper-than-the-market's cheapest.
    British Gas 14mth fix     for both new & crucially existing customers. This is the cheapest BG fix since Sept 2021 and is an average 15.2% less than the new 1 Oct Price Cap.

    Existing BG customers can get it too,


[/th]​
Click to expand...

Interesting showing the links but it did not show actual tariff.
Made me check my current fixed contract with BG and saw they had a better one so switched. Bit surprised as I though the one I am on was going to be cheaper.
Not sure If I would get hit with the exit fee if I went via MSE.
 
jim8flog said:
Interesting showing the links but it did not show actual tariff.
Made me check my current fixed contract with BG and saw they had a better one so switched. Bit surprised as I though the one I am on was going to be cheaper.
Not sure If I would get hit with the exit fee if I went via MSE.
Click to expand...
I don't believe you will get charged as I didn't, even though I did it via the MSE route.
I have changed my tariff 3 times since July as I kept looking.
For information the tariffs are:

Electricity
Name: Collective Nov26
Type: Fixed
Start date: 1st October 2025
End date: 30th November 2026
Any Time unit rate: 22.03p per kWh
Standing charge: 56.55p per day
Exit fee: £50(but you won't pay an exit fee if you switch to another British Gas fixed tariff)

Gas
Name: Collective Nov26
Type: Fixed
Start date: 1st October 2025
End date: 30th November 2026
Unit rate: 5.27p per kWh
Standing charge: 25.54p per day
Exit fee: £50(but you won't pay an exit fee if you switch to another British Gas fixed tariff)
 
I’m with Ovo on a standard tariff. Despite being £100 in credit they are increasing my payment from about £130 to £160.

Is moving to a fixed term the way to go these days?
 
KenL said:
I’m with Ovo on a standard tariff. Despite being £100 in credit they are increasing my payment from about £130 to £160.

Is moving to a fixed term the way to go these days?
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I've just gone from variable to a fixed tariff with Outfox.
We can never be sure but, for the first time in a couple of years, fixed tariffs seem to be being advised.
£100 in credit is probably the least you can get away with at this time of year. You'll be a couple of hundred in debit to them by the end of the winter.
 
Aren’t most fixed tariffs without exit penalties these days anyway?
We fixed with Octopus a while back but can leave anytime.
 
KenL said:
I’m with Ovo on a standard tariff. Despite being £100 in credit they are increasing my payment from about £130 to £160.

Is moving to a fixed term the way to go these days?
Click to expand...
I would guess it's down to personal circumstances. I like the fact I know my tariff won't change now for 14 months. Money Saving Expert forum is a good place for advice.
I tend to build up a credit in my balance so I have enough to see me through the winter without having to change my payments.
 
I am with Octopus and I've just switched to.....
Octopus Flexible Diect Debit
I only pay for what I use. I will pay more in the winter but will pay less in the summer but my balance every month will be £0. Unit costs the same, standing charges the same, no exit fees. So the days of being £300 in credit are gone.

Do other companies offer this choice?
 
bobmac said:
I am with Octopus and I've just switched to.....
Octopus Flexible Diect Debit
I only pay for what I use. I will pay more in the winter but will pay less in the summer but my balance every month will be £0. Unit costs the same, standing charges the same, no exit fees. So the days of being £300 in credit are gone.

Do other companies offer this choice?
Click to expand...
Why do you feel this is a better way to pay? Most people's incomes are the same (give or take) every month so having a set payment every month make sit easier to budget without worrying how you are going to find extra money over the winter. Our bill is sometimes triple over the winter to what it is over the summer months and that would make finding the extra money quite difficult for some people. And with the rubbish interest rates at the moment, putting the extra money into a savings account isn't going to make much money at all.
 
Neilds said:
Why do you feel this is a better way to pay?
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I'd rather have the extra credit in my account than theirs.
I had well over £300 credit on my account this month and they wanted to increase my DD by another 18%.
I have a utility bill savings acount that I now pay into so there will be no struggling to find money for winter.
KenL said:
I prefer to pay the same each month.
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You can still do that, you just pay the DD amount into a savings account which mounts up in the summer and it's not in their account.

It's not for everyone I agree, but it suits me.
 
bobmac said:
I had well over £300 credit on my account this month and they wanted to increase my DD by another 18%.
I have a utility bill savings acount that I now pay into so there will be no struggling to find money for winter.

You can still do that, you just pay the DD amount into a savings account which mounts up in the summer and it's not in their account.

It's not for everyone I agree, but it suits me.
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I don't do this but can understand why it suits some people.
My energy account reached £686 in credit this summer and they only gave it back to me when I threatened to leave.
Your money is better off in your savings account than theirs.
 
RichA said:
I don't do this but can understand why it suits some people.
My energy account reached £686 in credit this summer and they only gave it back to me when I threatened to leave.
Your money is better off in your savings account than theirs.
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Just think of what you can buy with that 15p interest 😂
 
Neilds said:
Just think of what you can buy with that 15p interest 😂
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£27 in my case but that's beside the point.
Are you comfortable with companies having your cash in their accounts artificially inflating their value? I'm not.
Imagine a supermarket keeping nearly £700 of your money as some kind of security advance on potential future debt.
 
RichA said:
£27 in my case but that's beside the point.
Are you comfortable with companies having your cash in their accounts artificially inflating their value? I'm not.
Imagine a supermarket keeping nearly £700 of your money as some kind of security advance on potential future debt.
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Isn't the difference that when you 'underspend' in the winter you will be paying less than you owe?
 
rulefan said:
Isn't the difference that when you 'underspend' in the winter you will be paying less than you owe?
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The whole point is you only pay for what you use.
I pay x amount DD into my utility account not theirs.
In the summer, they take less, in the winter, they take more, but they only take what I owe.

But..... my original question was
bobmac said:
Do other companies offer this choice?
Click to expand...
because I've never heard of it before
 
bobmac said:
The whole point is you only pay for what you use.
I pay x amount DD into my utility account not theirs.
In the summer, they take less, in the winter, they take more, but they only take what I owe.

But..... my original question was

because I've never heard of it before
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Yep, I do the same with B Gas.
Am on electric only (ironically) and it doesn't seem to vary by much through the seasons really.
 
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