On 21/11/2020 12:36, Theo wrote:

That makes sense to me, because that's where you'd end up if you did
nothing. Your deal would end and you'd land on your supplier's variable
tariff. They should calculate based on the time you have left - eg you have
4 months of a fixed tariff plus 8 months of variable tariff if you did
nothing for a year, or 12 months of a new fixed tariff if you signed up
today. They do offer you new deals at your current supplier on the same
basis - ie the 'saving' isn't just for switching.

It can be miss-used by some suppliers to get you to switch to a more
expensive tariff early.

You are on a fixed priced contact with 6 months to run and the supplier
has a new more expensive fixed priced contract they will use the
regulator's approved calculation to indicate that the more expensive
tariff gives you a saving - which is probably untrue unless prices rise
by 15%+ within the time period of the original 12 month contract.

Also be wary of early changing one BG contract with another BG contract
- they have habit of applying the early change penalty fee BUT it will
not appear as an item on your bill but will appear on your bank
statement as a separate charge. Other suppliers will state there is no
charge for changing contracts if staying with the same company. Some
suppliers have a zero fee for ending the contract early.

Note1: no exit fees can be applied if changing within a 49 day window at
the end (before the end) of a contract when switching to another company.

Note2: There is a cooling off period of two weeks before a change will
be officially processed so select your change 3+ weeks before your
existing contract is due to end.

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