Is it worth switching to this tariff?
Discussion
georgeyboy12345 said:
It’s EDF. I switched to their go electric fixed contract in October last year, directly against the advice that Martin Lewis was dishing out at the time, which was to stay on the price cap. I figured everyone would do this so it’d be a bad idea. So I get these rates until March 2024. Hopefully they will have fallen by then but I’m not holding my breath. I think I’ll try to buy a new hydrogen ready boiler before then and maybe crunch some numbers on whether it will be worth installing solar panels.
Ah I see, I'm quite familiar with the GoElectric tariff and I think what you've been offered is a "rate change" not a tariff change, there's a subtle difference 
Basically when you sign up to GoElectric you lock in all three pricing structures (flat rate, 98 hour off-peak and 35 hour off-peak). You can move between them at any time during the tariff, for example, if you get a smart meter months after you sign up, it means you don't need ot move to more expensive off-peak rates, you get the ones that were in place when you joined.
It's very hard to advise you but if you've done the maths and think you could move enough consumption to save, then it's worth a go, if you don't find it working for you after a few months then you can always switch back, or try the 98 version where it's off-peak each weeknight and also from Friday night through to Monday morning, much more flex to use appliances in those hours etc.
ETA - it turns out you did quite well to ignore Martin Lewis and fix when you did!
Blue Oval84 said:
georgeyboy12345 said:
It’s EDF. I switched to their go electric fixed contract in October last year, directly against the advice that Martin Lewis was dishing out at the time, which was to stay on the price cap. I figured everyone would do this so it’d be a bad idea. So I get these rates until March 2024. Hopefully they will have fallen by then but I’m not holding my breath. I think I’ll try to buy a new hydrogen ready boiler before then and maybe crunch some numbers on whether it will be worth installing solar panels.
Ah I see, I'm quite familiar with the GoElectric tariff and I think what you've been offered is a "rate change" not a tariff change, there's a subtle difference Basically when you sign up to GoElectric you lock in all three pricing structures (flat rate, 98 hour off-peak and 35 hour off-peak). You can move between them at any time during the tariff, for example, if you get a smart meter months after you sign up, it means you don't need ot move to more expensive off-peak rates, you get the ones that were in place when you joined.
It's very hard to advise you but if you've done the maths and think you could move enough consumption to save, then it's worth a go, if you don't find it working for you after a few months then you can always switch back, or try the 98 version where it's off-peak each weeknight and also from Friday night through to Monday morning, much more flex to use appliances in those hours etc.
ETA - it turns out you did quite well to ignore Martin Lewis and fix when you did!
Edited by georgeyboy12345 on Friday 22 July 13:48
Yep, whenever you change rate within the same tariff, you can switch back at a later date.
When changing, the quote tool asks if you're already on GoElectric and if you've answered yes it should only ever show you alternative rates on the same tariff, unless you're right at the end of the fixed term and due a renewal anyway.
Let us know how you get on
When changing, the quote tool asks if you're already on GoElectric and if you've answered yes it should only ever show you alternative rates on the same tariff, unless you're right at the end of the fixed term and due a renewal anyway.
Let us know how you get on
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