Only if they go bust. You have a contract and the supplier is regulated.
There probably is a clause that they can by given enough notice. But I would sit tight if you cancan energy companies break a fixed tariff?
I'm on a 24 month fixed with octopus until october 2023 and its nice and low at the moment. Comparing what I could get if I had to switch and it doubles so i'm hoping that I can sit tight on this fixed rate for at least the next couple of years
There probably is a clause that they can by given enough notice. But I would sit tight if you can
11. Changing the Contract11.1 We can change the terms of your Contract at any time, which may include situations where it is necessary for us to comply with any laws, or other rules that we are obliged to follow.
11.2 We will inform you of any changes and the latest copy of our Terms and Conditions will be available on our website.
11.3 We will not change the prices applicable to your Contract while you are on a Fixed Rate Tariff.
11.4 If we propose to make changes to your Contract that are not to your advantage (including increasing charges or changes to a Time of Use Tariff formula that results in higher charges) we will give you reasonable notice of the changes. If you do not agree with the changes, you can switch to another supplier or end this Contract and start a new Contract with us without penalty. This does not apply at the end of a Fixed Rate Tariff, where clause 13 will apply, or if we change your payment method in accordance with your Contract.
Wow - that's a lot.... and I was sore about Scottish Power putting my DD up to £144/month ! (4 bed 1970s detached with 1 adult and 2 kids)Glad I see this thread, we are with Octopus, just done a reading and sent it in to Octopus. Just called them, currently pay £250 a month for Gas/Elec. We are currently in debt £1990. Just upped our monthly payment to £350.
Detached house 4 bedrooms, underfloor heating down stairs that's on from November to March. Hot tub also, god know what it will be come April.
Air con is just as badFrom what I gather, hot tub sales have boomed in recent years but people may start to look at them differently once energy prices start to soar. IIRC, it was reckoned a well-insulated hot tub would cost between £1 and £1.50 a day in electricity to run (depending on size) but a cheaper and/or poorly insulated tub could potentially cost 2 or 3 times that, which would take the running costs to over £1000/year... and that's before the impending increase
I feel your pain - I’m an all electric household and have paid around £1800-£2000 per year for the last 15 years. Right now I’m paying £4000/year on the standard variable rate/price cap after having two electricity companies go bust on me in the last 6 months, but when the 50%+ increase is applied in April this will be £6k/year. Add another 30% in October 2022 (not by any means certain, but already being hinted at), and that could mean my annual electric bill becomes close to £8k/ year!£101.76 my Jan bill. £73.53 last Jan. If things don't change it'll be nearer £150 come next year. That's just me (and 2 cats - though they don't use a lot to be fair ) in a 2 Bed Semi.
edit: Could actually be over £200 a month in winter. All their current plan details are double in charges compared to what i pay now (just on a variable rolling rate).
My annual usage, excluding EV charging, is 18000kWh per year. Both me and my wife work from home, and I’ve got a teenager who thinks a shower takes as long as there is hot water still flowing!What is the actual raw demand in kWh for your house? 18000kWh ?
Strange, you generally wouldn't have a water tank with combi boiler as it hears water on demand, there isn't any storage. If you have a hot water cylinder without a cold water tank in the loft then it's possible you have a system boiler, not a combi.I’ve got a combi boiler but haven’t got a clue how to use it. During the day the last week, I’ve just been turning it off but I think it may be the water tank I need to turn off except maybe an hour in the AM and same PM.
I've got a combi boiler but also hot water storage... quite common in new builds now I believe.Strange, you generally wouldn't have a water tank with combi boiler as it hears water on demand, there isn't any storage. If you have a hot water cylinder without a cold water tank in the loft then it's possible you have a system boiler, not a combi.
Yeah it’s definitely a combi boiler and a water talk upstairs. Has its own power to turn the hot water on and off.
I’m going to try and keep it all switched off as much as possible but no clue if I’ll see a difference
Very possible but I think it’s unusual, what boiler do you have, or maybe post a picture of your tank, plus I would have thought your electric bill would be very largeThis is going to sound stupid but the water tank is heated by the electricity isn’t it and not the gas?