There has been widespread panic posting in the community caused by customers seeing renewal quotes, at hundreds of percent more than their previous fix.
This post is not the place to go into details of why this has happened, there are hundreds of posts and articles all over this community and on the internet about the recent rise in energy prices. Suffice to say ALL energy suppliers are in the same sinking ship.
Because this seems to have generated a vast number of panic posts I’m posting this here hopefully so other members will link to it as a first port of call to those posts. Hence the word sticky in the title.
THE IMPORTANT THING YOU NEED TO KNOW IS YOU DON’T HAVE TO TAKE A NEW FIX.
IF YOU DON’T TAKE A FIXED TARIFF (AND MOST WON’T) YOU WILL THEN ROLL ONTO THE (*OFGEM PRICE CAPPED) PURE PLANET CURRENT VARIABLE TARIFF
*The cap is not a cap on your annual cost, only the rates are capped such that a medium user will not expect to pay more than £1277 a year IF YOU USE MORE THAN AN OFGEM TYPICAL MEDIUM USER (2900 ELEC, 12000 GAS) YOU WILL PAY MORE at the rates shown below.
(The price cap will be reviewed in February for an increase in April)
CONSENSUS AT THE MOMENT IS TO DO NOTHING.
ALLOW YOUR ACCOUNT TO ROLL ON TO THE VARIABLE TARIFF AND TREAT THAT AS A “FIX” UNTIL MID MARCH, BY WHICH TIME OPTIONS MAY BE CLEARER.
In the event that PP cease trading your balance (or debt) will be protected and you will be moved by Ofgem to a Supplier Of Last Resort and onto a similarly priced variable tariff with that supplier.
PLEASE DO NOT PANIC, (but do feel free to moan, after all who could blame you in the circumstances)
THE RATES (for the current variable tariff) ARE SHOWN BELOW; THEY ARE CONSIDERABLY LOWER THAN THE FIXED TARIFF RATES.
Please be aware that the note at the bottom is only partially correct in that currently this tariff is only available to existing members and those who move into a property already supplied by PP. Currently it is not available to new members wishing to switch into PP.