Your fixed tariff is coming to an end on 28th February 2023. While it’s still a little way off, we thought you’d like to know more about what happens next.
Good to know: The Energy Price Guarantee
The Government has introduced an Energy Price Guarantee that caps variable energy prices at £2,500 for a typical home.
This represents a discount of around £1,000 for a typical home compared to the Ofgem price cap for October to December, and is in addition to the £400 Energy Bill Support Scheme that will reduce all monthly payments between October and March, and the further support already announced for low income or vulnerable households.
In light of these reductions, we’re not currently offering fixed price tariffs — they’re simply not a good choice right now.
Instead, the best option for you is to roll onto our Flexible Octopus tariff at the end of your fixed term. This will happen automatically: you don’t need to do anything.
Flexible Octopus is our always good value variable tariff. It has no fixed term, and prices rise and fall with wholesale costs, typically changing every 3 months.
Flexible Octopus prices are protected by the Government’s Energy Price Guarantee, and Flexible Octopus standing charges are discounted slightly compared to the Energy Price Guarantee rates.
@Omah
I’m with Eon next who for some reason have started billing me every 11 days and have just charged me £93.00 for 11 days leccy, after charging me £92 on Dec 31st.
It’s a close run thing between them and your Octopus… I’m set for £300 a month for a one bedroom small flat with a small kitchenette, shower, no washer or immersion heater, with minimal storage heaters to keep at 60F
What do you live in Omah? A draughty castle without double glazing?
Needless to say tomorrow I shall be giving Eon a nasty tongue lashing.
The government has confirmed that a new version of the Energy Price Guarantee (EPG) will be in place from April 2023 until April 2024. It will freeze energy bills for a household with an average or ‘typical’ energy use at £3,000 per year.
If ‘typical’ is £3,000 then I am not alone. Maybe some energy users are still on old contracts but most will have experienced similar shocking increases as myself.
We’re not dissimilar in usage @Omah. Used to be £125pcm before all of this (with extensive use of a tumble drier, oh happy days!), so circa £1.5k pa. 3 bed semi, which is hardly unusual, so one wonders what their concept of “typical” is.
According to Which, though admittedly based on 2022 … Octopus was the best.
Only one energy company impressed us enough to earn our prestigious Which? Recommended Provider award, wowing their customers with top-notch service and delivering against our stringent assessment criteria. This firm is Octopus Energy .
…and to think I was complaining that my electricity just went up from 22c/kWh to 25c/kWh (13p/kWh) and and from 8c to 11c/kWh (6p/kWh) off peak, your bill manages to make even my outrageous supply charge of 40p per day seem reasonable.
I don’t have gas connected, am not paying two supply charges to the thieving sods.
I’m with British Gas and have been for 25yrs + I did once think about changing to another provider but as I’ve had no problems …
My flat is 1600 sq ft ,with a very efficient new boiler .
My apartment has massively thick walls being once a government installation! really holds the heat, and no it’s not a prison!
I’ve recently upped the DD £125, the account is in credit .
It’s these Ofgem caps that seem to be the problem, no one really knows what the global cost of energy is at any given time but, everyone knows what the cap is so, it seems that the energy companies set their tariff at the cap, regardless if the wholesale price is less, who knows, it just seems that way.
