JonnyG
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Having read the article below I have just signed up with Tomato Energy myself !
I''ll be switching from Octopus Go (can't have IOG unless I get a new wall chargepoint) and by my calcs (fairly accurate from 9 months use) should save over £250 per year at current rates.
Still awaiting any confirmation email but I presume it will be as advertised and fixed for 12 months which should result in even higher savings if the article below is anything like accurate.
I went for the standard "Tomato Lifestyle Fixed TP October 2024-V1-Tariff-ED1E" which was on offer at the time of posting this.
Source :-
www.thisismoney.co.uk
Quote : from above source :-
"EDF predicts the price cap will increase to £1,796 in April, a marginal increase from Cornwall Insight's prediction.
It said: 'The wholesale allowance for the April to June cap will finish indexing later this month, however there's still potential for significant volatility in wholesale prices during the remainder of the indexation period as observed recently.'
It also said that there are other non-energy costs, including for transmission and distribution networks and low carbon subsidies, that are yet to be confirmed.
It predicts a further increase in July to £1,816 although its prediction confidence is 'low' and says it will depend on various factors.
British Gas predicts an even higher price cap of £1,825 between April and June, and another increase to £1,860 in July.
While the energy market has stabilised in recent months, British Gas warns that 'surprises can happen' and if geopolitical tensions worsen, prices could go up affecting its predictions."
I''ll be switching from Octopus Go (can't have IOG unless I get a new wall chargepoint) and by my calcs (fairly accurate from 9 months use) should save over £250 per year at current rates.
Still awaiting any confirmation email but I presume it will be as advertised and fixed for 12 months which should result in even higher savings if the article below is anything like accurate.
I went for the standard "Tomato Lifestyle Fixed TP October 2024-V1-Tariff-ED1E" which was on offer at the time of posting this.
Source :-

April energy cap to be higher than predicted - here are cheaper deals
Households will have to shell out even more than anticipated on their energy bills from April when Ofgem's price cap changes, according to new predictions.
Quote : from above source :-
"EDF predicts the price cap will increase to £1,796 in April, a marginal increase from Cornwall Insight's prediction.
It said: 'The wholesale allowance for the April to June cap will finish indexing later this month, however there's still potential for significant volatility in wholesale prices during the remainder of the indexation period as observed recently.'
It also said that there are other non-energy costs, including for transmission and distribution networks and low carbon subsidies, that are yet to be confirmed.
It predicts a further increase in July to £1,816 although its prediction confidence is 'low' and says it will depend on various factors.
British Gas predicts an even higher price cap of £1,825 between April and June, and another increase to £1,860 in July.
While the energy market has stabilised in recent months, British Gas warns that 'surprises can happen' and if geopolitical tensions worsen, prices could go up affecting its predictions."