Energy Bills

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Johnny Blaze Apr 2022 1:42pm, 20 Apr 2022 27,006 posts	0 Johnny Blaze I'm on a 1 year fixed tariff with E.On where I currently pay 120 quid a month for gas and elec. Just been on their website and they are quoting 4 grand on their current 1 year fixed deal versus about 1300 now. That's a 200% increase, which is a heck of a shock. I thought it was supposed to average 54%? I can get a 2 year fix with OVO which would come in at about £2600 which seems like a hell of a difference to E.On. Anyone any thoughts on wth is going on and what you would do in this situation?
neufalabonk Apr 2022 1:52pm, 20 Apr 2022 10,332 posts	0 neufalabonk I've been with OVO for years and have been quoted £375 for 1 or 2 year fix which is about double current plan which ends 31/01! Puzzled about the 54% too.
Shades Apr 2022 2:13pm, 20 Apr 2022 696 posts	0 Shades Isn't the 54% the increase from the energy cap prices as at the end of March to the new energy cap prices from April 1st. If you're on a fixed deal then any new offer of a fixed deal is likely to be higher than 54% increase as another hike in prices for those on energy cap is due October. Apparently it's a bit of a gamble to accept a fixed deal now hence general advice has been to do nothing.
Johnny Blaze Apr 2022 2:25pm, 20 Apr 2022 27,007 posts	0 Johnny Blaze I'm going to Google Martin Lewis's latest advice when the time comes. Things are going to be horrible for a lot of people.
Hanneke Apr 2022 5:34pm, 20 Apr 2022 88,284 posts	0 Hanneke I have been advised to not fix, as expectations are things will come down again... I only have electricity and am seriously considering borrowing the money I need for solar panels.
EvilPixie Apr 2022 11:50am, 23 Apr 2022 32,196 posts	0 EvilPixie Odd question We’re currently on a fix until oct but I’m thinking about how to save fuel then! We currently have a stove top kettle and the stove is gas. Should I change to an electric one? Is gas going up more than electricity?
Fields Apr 2022 11:55am, 23 Apr 2022 4,120 posts	0 Fields I think the real question is how much energy in KWh is used to heat each one. There’ll be a way to work that out somewhere online
Hanneke Apr 2022 1:52pm, 23 Apr 2022 88,380 posts	0 Hanneke I put mine on the gas (bottle) but also have an electric one. The electric one boils really quickly so I rather assume it is the cheaper way... But not at all scientific
fetcheveryone Apr 2022 2:36pm, 23 Apr 2022 27,488 posts	0 fetcheveryone insideenergy.org
Sharkie Apr 2022 2:43pm, 23 Apr 2022 19,768 posts	0 Sharkie I heard a R4 prog recently (possibly Moneybox) asking about which was the cheapest boil for a cup of whatever. IIrr The expert said probably cheaper to boil a pan of water on a gas burner, than boil a kettle as gas is still the cheaper fuel even though the price has increased so massively. The most important thing - obvs - is only to boil what you need.