Main site > MoneySavingExpert.com Forums > Household & Travel > Energy > Prepayment meters with no standing charge (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Prepayment meters with no standing charge
Closed Thread
Views: 4,276
Thread Tools Search this Thread Display Modes
# 1
willowgirl
Old 22-08-2011, 4:20 PM
MoneySaving Convert
 
Join Date: Aug 2011
Posts: 18
Default Prepayment meters with no standing charge

I may be making some changes to my life and I'm considering switching over to a pre-payment meter for my electricity.

What I'd like is a prepayment meter with no standing charge, such that if I don't use any electricity I don't have to pay for any. Are there companies out there that offer this? How can I find the best one?

Lastly will I have to pay to have the prepayment meter fitted and how much is that likely to cost?

Thankyou!
willowgirl is offline
Report Post
# 2
Kev27
Old 22-08-2011, 5:23 PM
MoneySaving Stalwart
 
Join Date: Mar 2010
Posts: 293
Default

Ebico offer it!
Kev27 is offline
Report Post
The Following 2 Users Say Thank You to Kev27 For This Useful Post: Show me >>
# 3
willowgirl
Old 22-08-2011, 6:56 PM
MoneySaving Convert
 
Join Date: Aug 2011
Posts: 18
Default

Quote:
Originally Posted by Kev27 View Post
Ebico offer it!
A big thankyou Kev!

I looked at their website and they look very interesting!
I will DEFINITELY be considering them!
willowgirl is offline
Report Post
The Following User Says Thank You to willowgirl For This Useful Post: Show me >>
# 4
DirtyDick
Old 22-08-2011, 7:25 PM
MoneySaving Stalwart
 
Join Date: Aug 2011
Posts: 371
Default

I've just been dealing with this, having take a lease on a place with a prepayment meter for electricity.

The ones I've looked at, Atlantic, SSE and Ebico don't have a standing charge and their cost is around 14.5p per kwh in my area. Otherwise the standing charge of about 15-20p per dim with a penny or so reduction in Kwh - I suppose it depends how much electricity you intend to use; II'm a low-medium user so a standing charge not in my interests.

Not sure whether they'd fit one for free, maybe more likely if they offer the most competitive rates, but if not meters often switched for 30-50.
DirtyDick is offline
Report Post
The Following User Says Thank You to DirtyDick For This Useful Post: Show me >>
# 5
t0rt0ise
Old 22-08-2011, 9:44 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2009
Location: London
Posts: 2,280
Default

They usually fit the PPM for free but don't remove it for free. Although there are exceptions to the rule.
t0rt0ise is offline
Report Post
The Following User Says Thank You to t0rt0ise For This Useful Post: Show me >>
# 6
Richie-from-the-Boro
Old 23-08-2011, 12:24 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2009
Posts: 5,351
Default

Quote:
Originally Posted by willowgirl View Post
I may be making some changes to my life and I'm considering switching over to a pre-payment meter for my electricity.

What I'd like is a prepayment meter with no standing charge, such that if I don't use any electricity I don't have to pay for any. Are there companies out there that offer this? How can I find the best one?

Lastly will I have to pay to have the prepayment meter fitted and how much is that likely to cost?

Thankyou!
NSC~no~NSC is snake oil

Price per unit = X kWh
Price standing charge = Y
Price no standing charge = Z

So Z = X & Y

The fact of the matter is everyone's average consumption per annum is the same whether or not they pay a ' standing charge ' you see the no daily service charge is applied to your energy charges.

Instead, you'll pay a higher rate for the first ???kWh used each quarter, then a lower rate for any other energy you use in that quarter ditto the ' key meter '

Others will correct me, but with NSC you need to consume an minuscule amount of something like 25 per quarter to benefit.

Free ' key meter '

Of course its free others will correct me, but its about 15% more expensive for the same consumption than the standard DD delivery, when you later find out its 15% more they will take your last remaining good eye out in charges to have it removed.

NOTE BG seem to be more willing to absorb the cost of replacing a ' key meter ' than others to earn you as a new customer.
Richie-from-the-Boro is offline
Report Post
The Following User Says Thank You to Richie-from-the-Boro For This Useful Post: Show me >>
# 7
Premier
Old 23-08-2011, 10:06 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Sep 2005
Posts: 14,874
Default

Quote:
Originally Posted by willowgirl View Post
I may be making some changes to my life and I'm considering switching over to a pre-payment meter for my electricity.

What I'd like is a prepayment meter with no standing charge, such that if I don't use any electricity I don't have to pay for any. Are there companies out there that offer this? How can I find the best one?

Lastly will I have to pay to have the prepayment meter fitted and how much is that likely to cost?

Thankyou!
As always, use a comparison site. If you click on the tariff, it'll show whether a standing charge applies or not

Costs for non-essential meter changing vary by company. Some will do this without charge, but others may typically charge about 50.
By changing to a PPM, you will lose the ability to access the better tariffs most suppliers offer, so this will result in higher costs ... but I also understand that you may wish a PPM for budgetting reasons and that may infact reduce your consumption resulting in a lower overall cost
"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010

Last edited by Premier; 23-08-2011 at 10:11 AM.
Premier is offline
Report Post
The Following User Says Thank You to Premier For This Useful Post: Show me >>
# 8
HappyMJ
Old 23-08-2011, 10:17 AM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Oct 2007
Location: East Midlands
Posts: 13,207
Default

Quote:
Originally Posted by Richie-from-the-Boro View Post
NSC~no~NSC is snake oil

Price per unit = X kWh
Price standing charge = Y
Price no standing charge = Z

So Z = X & Y

The fact of the matter is everyone's average consumption per annum is the same whether or not they pay a ' standing charge ' you see the no daily service charge is applied to your energy charges.

Instead, you'll pay a higher rate for the first ???kWh used each quarter, then a lower rate for any other energy you use in that quarter ditto the ' key meter '

Others will correct me, but with NSC you need to consume an minuscule amount of something like 25 per quarter to benefit.

Free ' key meter '

Of course its free others will correct me, but its about 15% more expensive for the same consumption than the standard DD delivery, when you later find out its 15% more they will take your last remaining good eye out in charges to have it removed.

NOTE BG seem to be more willing to absorb the cost of replacing a ' key meter ' than others to earn you as a new customer.
Ok I'll correct you Ebico does not have a standing charge and they don't have tiered rates. They are awful for high users but for those very low users they are perfect. I use less than 25 of gas a year so it would be perfect for me.

Also, Ebico does not charge a premium for having a prepayment meter. For some customers a prepayment meter is helpful for budgeting so if they choose to have one over a credit meter and paying monthly by DD then that is their choice.
HappyMJ is offline
Report Post
The Following User Says Thank You to HappyMJ For This Useful Post: Show me >>
# 9
willowgirl
Old 23-08-2011, 11:00 AM
MoneySaving Convert
 
Join Date: Aug 2011
Posts: 18
Default

"Others will correct me, but with NSC you need to consume an minuscule amount of something like 25 per quarter to benefit."


I was actually thinking of a situation where there might be no use whatsoever.
Kind of a way of maintaining the supply without having to have it disconnected and to avoid any billing issues.

I understand it's very expensive to be reconnected after a disconnection period.

It's a good point tho because 25 is not a lot over 3 months!
willowgirl is offline
Report Post
# 10
Premier
Old 23-08-2011, 1:07 PM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Sep 2005
Posts: 14,874
Default

Anyone who uses less than the tier 1 amount per quarter will benefit from being on the supplier's equivilent NSC tariff.

Whilst the tier 1 levels vary, yes it is about 25 of electricity or gas, but with standing charge/tier1 premium added, this is more like 45/qtr.

It's unlikley that a typical user would use less than this amount of electricity per quarter unless the property is left unoccupied for long periods (e.g. a second home), but can quite often be the case for gas users during the summer quarters.
"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
Premier is offline
Report Post
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 2:14 PM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 30 July 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • VARIOUS ARTISTSNOW THAT'S WHAT I CALL MUSIC! 88
  • ED SHEERANX (DELUXE EDITION)
  • VARIOUS ARTISTSTHE HOUSE THAT GARAGE BUILT - MINISTRY OF SOUND

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.