Shocking Gas and Electric costs

[Elmhurst 5]

I'm currently with Peoples Energy, just heard they have called in the Receiver, no wonder they hiked the priceo f my duel fuel several months ago

[amy56]

Originally Posted by Elmhurst 5

I'm currently with Peoples Energy, just heard they have called in the Receiver, no wonder they hiked the priceo f my duel fuel several months ago

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Yes just had an email from them to confirm - literally a few hours after they’ve requested a meter reading.

What’s the best course of action for me now? Sit tight to see what happens or shop around via Quidco which I normally do every time my fixed rates end?

[novocastrian]

Apparently compare the market has stopped doing energy comparisons as the minute due to the traffic/,massive price hikes

[Vanillapod]

I’m also with People’s Energy and I’ve noticed we have a large credit balance. Will that be safe?😳

[Mariesmith]

Originally Posted by amy56

Yes just had an email from them to confirm - literally a few hours after they’ve requested a meter reading.

What’s the best course of action for me now? Sit tight to see what happens or shop around via Quidco which I normally do every time my fixed rates end?

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I'm with utility Point who've just gone bust as well. On the Martin Lewis money saving website it says don't do anything yet. Wait till your account gets automatically switched over to another company. Once you've been moved you can them go on comparison sites or switch to another company if you can find a cheaper deal elsewhere.

[amy56]

Originally Posted by Mariesmith

I'm with utility Point who've just gone bust as well. On the Martin Lewis money saving website it says don't do anything yet. Wait till your account gets automatically switched over to another company. Once you've been moved you can them go on comparison sites or switch to another company if you can find a cheaper deal elsewhere.

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Ah great thank you - I hate sorting out switching at the best of times, let alone when I wasn’t expecting it! I’ll sit tight for now 👍

[Stitch & Smudge]

At the beginning of the year I switched from EDF to Igloo. Since then igloo have increased their prices twice so I’m not actually any better off. It’s not really igloos fault as their prices fluctuate with the markets. I don’t see wholesale prices dropping any time soon so I’ve switched back to EDF and locked it in for three years, so at least no scary price increases. British Gas doing a 2yr fix as well if anyone is interested.

[Johnnyp]

I just set a new 2 year fixed deal with the same company that I’m already with via a comparison site for £1 extra per month

My lot wanted over £1000 per year 🤣

[Bouncing Tigger]

Glad I found this thread!
I’m paying £79 p.m. and the contract expires this time next month. The new cost is £110 p.m. with the same company and is the cheapest quote I can find.
What do I do, change now and pay the new tariff or wait, I guess it could increase further?

[Bouncing Tigger]

Done it, found a slightly cheaper deal with Sainsburys, 2 year fixed with no exit fees. Whew