Post by Harry Bloomfield, Esq.Post by alan_mPost by Andy BurnsPost by Peter JohnsonUtility Point has collapsed today
bugger, I'm with them ... no doubt the advice is not to try and move
until ofgem find a stand-in, still they're relatively cheap until then
https://www.moneysavingexpert.com/news/2021/09/utility-point-ceases-trading---here-s-everything-you-need-to-kno/
I am not affected, just curious - It doesn't explain whether in the
interim, whether you will be on the contracted rate agreed with the
company which went bust, or some new temporary rate.
I'm also with a small supplier who appears still to be in business and
have a very favourable (for me) tariff :)
I don't the answer to that but something else I read today
[quote]
9. Not all fixes are cheap, some are far higher than the price cap -
beware firms' sleight of hand
I've talked about cheap fixes above, but the operative word there is
CHEAP (although nothing is truly cheap right now), as only variable
tariffs need to fall within the price cap.
Horrifyingly, Scottish Power has a fix lasting just over a year which is
20% higher than the new price cap. Prices would need to rise roughly 50%
next April before that was worth doing - ridiculous.
And it's not alone. Other biggies, including Shell, Octopus, British
Gas, EDF and SSE, all have some fixes above the price cap too (though
those lasting longer are less bad). So don't just go for your supplier's
fix, instead it's better to do a whole-of-market cheap fix comparison.
[/quote]
https://www.moneysavingexpert.com/latesttip/#hiya
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