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Post by angelabikerbabe on May 31, 2022 21:41:32 GMT
Has anyone switched onto a new supplier's variable tariff? (Or thought about doing it) so that you can then potentially switch to their exclusive fixes they are offering their existing customers? Considering Shell are not offering any deals/fixes to existing customers, when other companies are. Don't know if it would be possible to do it intime, as the deals may have been taken off by the time the switch is completed. 😖
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Post by 25 quid on Jun 1, 2022 7:09:41 GMT
Interesting idea. I wondered about it, but done nothing about it. I guess the wait period would be long enough to make it awkward. Was there a particular deal you were considering?
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Post by angelabikerbabe on Jun 1, 2022 8:56:17 GMT
Martin lewis listed a few existing customers deals. Best one was EDF Fix Total Service May24v3, 24% higher than current cap. However, I think it maybe a 2 year fix and has an exit fee of £300. Or EON fixed Online v14, 1 year fix, 30%more, no exit fee . Just don't know whether its worth faffing about. What do you think? And why don't Shell offer any existing customer fixes? The amount of profit they made!
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Post by 25 quid on Jun 1, 2022 14:36:45 GMT
Thanks for that info @ang. Yeah, I feel that prices will rise and then fall again, so maybe trapping punters into a higher rate. I think at the moment I'll sit tight with Shell.
I'm puzzled why the Government doesn't just keep the cap lower rather than faffing about with all these various rebates? The big companies pay, so less need for a windfall tax. 🤷
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Post by angelabikerbabe on Jun 1, 2022 17:09:24 GMT
Thanks 25 quid. I think your idea of keeping the cap lower is a stonking idea! Wish you were in govt!
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Post by struttg on Jun 1, 2022 20:41:16 GMT
He Ange - 25 quid can't be considered for government he's got his hands full running this platty
Think we need an old school french revolution and clear the decks...
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Post by Duppy on Jun 2, 2022 4:29:23 GMT
Not a bad idea angelabikerbabe , I haven't checked recently but last time I did, there weren't any suppliers offering switches to their variable tariffs, but some were pushing very expensive fixed deals. I also am confused why the government has gone down the rebates and subsidies paths instead of limiting the increase in the capped tariffs. Anyone that is lucky enough to still be on a fixed deal will be on a winner, as they will receive all these different rebates offered without the increased expenditure on their energy bills
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Post by struttg on Jun 2, 2022 8:20:13 GMT
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Post by 25 quid on Jun 4, 2022 19:11:11 GMT
I enjoyed the 3 orders of magnitude error that I think was in that episode!
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Post by gwyndy on Jun 7, 2022 7:54:13 GMT
Try again, for some reason my "quote's" going wrong
My guess is:
The government don't want to make the cap 'lower' or they will be held responsible if companies go under.
They wanted something which, so far as was practical, they could sort out easily with existing information.
Personally, I thought the better idea would have been a 'reverse VAT' in which everyone's bill got a rebate based on what their actual cost is - those using less/paying a still capped rate would in theory save less, and those with massive capped rates would save more.
To my mind, it would have been a win-win for the government 'punishing' the 'big profit making' oil/gas companies, whilst helping keep the 'independent energy providers' afloat by giving them financial support to absorb losses, and reduce costs to the end consumer.
Obviously the government needs new spin doctors.
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Post by struttg on Jun 7, 2022 15:44:27 GMT
Interesting ideas gwyndy: - The resource of government brains spend most of their time protecting the Bounder with their narrow span of spinning subject to all that collective wisdom. Fills yer with national pride!
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Post by 25 quid on Jun 7, 2022 21:14:32 GMT
Put Queenie in charge!
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lapa
Regular
Posts: 43
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Post by lapa on Jun 8, 2022 15:44:49 GMT
Hi all
Been a while has anyone found a decent fixed price or you decided to stick on the shell variable?
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Post by struttg on Jun 8, 2022 17:36:08 GMT
Hiya Lapa,
Currently and most likely I guess most will be stuck on the Capped Variable, but Martin Lewis said this yesterday....
"It now may be worth switching if you've been offered a fix that's no more than 35% above your current price-capped tariff, or 40% more if you very strongly value budgeting certainty".
.
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lapa
Regular
Posts: 43
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Post by lapa on Jun 8, 2022 20:59:31 GMT
I only wondered as dad had email from British Gas (following being taken on after the demise of peoples energy) offering a fixed rate which looked good and under the predicted price cap rise. But sadly nothing from shell. I did a search but no decent monthly fixed rates for me. I did find one with no exit fees, but it was variable rate so might as well stay put lol.
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