That's 40% higher than the variable rate on offer. I've just come to the end of a fixed rate with Octopus and they are offering a loyalty fixed rate at around that mark. I think Scottish Power is the other one. As for switching there just is nothing out there. Best stay on variable until 1st April or when the cap increase is known and then reassess.Martin Lewis' advice is that if you can find a fixed rate at 40% or less extra then go for it, otherwise it's probably not worth it. He also said you likely won't find one, unless it's a loyalty offer.
Or make a killing flogging blankets to the neighbours.That's 40% higher than the variable rate on offer. I've just come to the end of a fixed rate with Octopus and they are offering a loyalty fixed rate at around that mark. I think Scottish Power is the other one. As for switching there just is nothing out there. Best stay on variable until 1st April or when the cap increase is known and then reassess.
The big players, as predicted years ago by many in the respective Gas & Electricity Industry’s before they were split up would there would be a few huge multinational companies left in the game.Not to mention the execs and management jetting off for their luxury holidays (or just regularly commuting to and from their offshore corporate head offices).
Kerchings all round.
"Green" has turned into little more than just another racket...Another bug bear of mine is ‘Green Energy’ Deals, absolute nonsense. I’m surprised suppliers get away with that marketing pitch. Also surprised it’s not reported to Trades Description especially as some pay slightly more for their energy on that tariff to relieve their consciences as they drive around town in SUVs & 4x4s.