I am on a dual fuel fixed tarriff with British gas. Ends 31 March so assume I will go onto the new higher rate cap from 1 April.
Noticed Martin Lewis tweeting last week there was one provider, can't remember which one, who was offering customers fixed deals that were better than the cap but they were only for existing customers and the offer lasted a matter of hours!
Did a rough calculation on my Gas usage from Nov to today
1. On fixed tarriff I am on it will be £302
2. If I was on current capped rate it would be £373
3. This same usage on the new cap from 1 April will be £655.
Electicity is £335 / £392 / £550 respectively
So overall, it looks like I will be effectively doubling my costs. Annoying thing is there really sin't much I can do to reduce this going forward. I work from home and so does my son and we have the heating on every day in winter. Yes we could layer up and switch heating off but I do want a bit of comfort! And I am sure there is still a benefit of having the heating on permanently at 18 degrees that letting it drop to 12 and then flicking the boiler on?
My ongoing summer DIY project is converting my mancave out the back into a more pleasant environment by sheeting insulating etc. I already have a wood burning stove out there. Maybe next winter I will take my laptop and two monitors out there and work from there with the free wood burning heat instead!
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