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Switching Fuel companies


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Some people are under the impression that because you are on a fixed tariff, their bill wouldn't increase. :rolleyes:

 

It doesn't work like that. Although the fixed/capped price remains the same for the fixed amount of years, your monthly payment will increase as a result of your consumption. Ie if it is colder one month than another, or one year than another, then your monthly dd payment will increase due to consumption, not unit price increase.

They start by calculating your average annual use which is how you get your monthly dd. However, dependent on the use throughout the year, this will change, so it has nothing to so with the unit price.

 

---------- Post added 21-10-2013 at 20:58 ----------

 

Changing to a fixed tariff doesn't necessarily mean cheaper now. Beware of those tariffs that are fixed way ahead to 2017. They may appear cheaper in the long run, but aren't in the short run.

 

Also, if you are on a fixed rate, you've had it if prices fall.

 

Of course some of us are intelligent enough to input our average annual consumption into the comparison site. :rolleyes:

 

Then you can also check the price per kWh and find that the tarrif I switched to actually is cheaper by about £100/yr and fixed for 2 winters. Still it's your loss.

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Of course some of us are intelligent enough to input our average annual consumption into the comparison site.

 

But this is what you are suppose to do anyway. :rolleyes:

In addition some price comparison sites will pay you £30 just for using their comparison chart. Also calculate exit fees into the deal as well.

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