[jack]

My current fixed price deal ends in February, and the quotes for new deals are horrifying..but, when my deal ends what ahppens with EOn, do they automatically put you on the standard tariff because tbh that looks like it will be the cheapest option..

[theunknowntech]

Yup, that's correct. Under the standard terms of pretty much all suppliers, you get automatically moved to the Standard Variable Tariff when your contract runs out if you don't do anything to renew it. The reason is because you need to give consent to commit to another fixed term deal and the existing one is only valid for the term it applied to, so this allows you to switch away without penalty if you wish, or have more time to make a decision.

Either way, I'd recommend locking in another fixed rate deal somewhere before March 2022, as that's roughly when the OFGEM Default Tariff Cap is likely to rise again.

[Landmark]

Originally Posted by theunknowntech

I'd recommend locking in another fixed rate deal somewhere before March 2022, as that's roughly when the OFGEM Default Tariff Cap is likely to rise again.

Yes, I should agree with that, however, the political climate could change between now and then e.g. (unlikely as it is), relations could thaw between East and West, which would result in a better supply of wholesale Gas, thus bringing down the price thereof.