Energy costs up by £425

[sundial]

https://www.ofgem.gov.uk/publication...al-information

I moved to Avro in March after the YE failure In Dec 2019 via Scottish Power. The above does nothing to assure me I won't be moved in the near future at the worse time for pricing.

AVRO could be OK

... as at 17 September:

https://www.energy-review.co.uk/avro-energy-review/. ... but further news awaited ... I've just switched to AVRO ... if they go bust I'll shop around again ... ttbomk no exit fees applicable to whichever energy provider I might be switched to if AVRO fails . But wish I'd stayed with OVO and not switched to AVRO.

An energy supply 'broker' knocked on my door yesterday and tried to persuade me to switch to British Gas ... he had all my usage figures on his tablet and offered me cheaper standing charges ... I should have taken note of his company's name ... I declined his offer .. I was too busy to calculate whether or not British Gas offered a better overall potential deal

My current AVRO plan rates:

Tariff
Simple and Fix12M
Type
Fixed
Electric Standing Charge
17.85p per day
Electric Unit Rate
19.48p per kWh
Gas Standing Charge
17.85p per day
Gas Unit Rate
3.46p per kWh
All rates include VAT at 5%

I have a SMART meter ... but not all energy providers can access its data / readings

One reason I switched is that OVO sometimes could and sometimes could not access my SMART meter ... so I often submitted manual meter readings ... especially when they estimated the readings

[sundial]

If your energy supplier goes bust:

"The gas and electricity regulator Ofgem will arrange for your account to be transferred to a new supplier.
"There won't be a break in your supply when it's transferred over, although the price you pay for your energy might go up - and that's when you can consider switching supplier, and you won't be charged an exit fee to do so."
Further information about the collapse of the energy firms can be found on the Ofgem website.

https://www.ofgem.gov.uk/publication...peoples-energy

[reecie]

Apparently the "big" companies enter an auction for these new customers normally but the thinking is they may be less inclined to do this in the current market. Either way you end up being put on to a tariff which maybe competitive but especially currently it is likely to be a lot higher than you were on and it is going into autumn/winter where the usage (and cost therefore) will be a lot higher. It also takes a while to get things sorted to the point of being able to move again.

[Onelasttime]

I was listening to Moneybox on R4 this evening and a honcho from Octopus suggested that being on a standard variable tariff could be the best thing at the moment and for the next few months as it’s capped at a cheaper rate than most suppliers’ new increased tariffs.

I haven’t investigated the claim so who knows? I bet you can’t switch to a standard variable though.

[Peck]

This is starting to look like a real mess https://www.bbc.co.uk/news/business-58619418

[David_D]

This is starting to look like a real mess https://www.bbc.co.uk/news/business-58619418

Wow!