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  • FIRST POST
    • MSE Archna
    • By MSE Archna 26th Nov 07, 5:50 PM
    • 1,872Posts
    • 5,996Thanks
    MSE Archna
    Gas & Electricity: Find the cheapest supplier and earn up to £30 cashback
    • #1
    • 26th Nov 07, 5:50 PM
    Gas & Electricity: Find the cheapest supplier and earn up to £30 cashback 26th Nov 07 at 5:50 PM



    This thread is specifically to discuss the content of the

    Gas & Electricity plus Cashback Article

    To discuss or ask a question about this article: click reply


    Read the old thread here
    Last edited by MSE Andrea; 26-03-2014 at 8:43 PM.
    Report inappropriate posts: forumteam@moneysavingexpert.com




Page 179
    • Comicguy76
    • By Comicguy76 15th Jun 17, 3:47 PM
    • 1 Posts
    • 0 Thanks
    Comicguy76
    I'm new to MSE and looking for advice. I am a small business owner and have recently agreed to enter into a new electricity contract with a different supplier through a broker. There was a verbal contract I agreed to but I didn't know there was no cooling off period. So here comes the problem, when I called my current supplier, they offered me a better deal and I verbally signed up (I know now it was stupid). I called the broker and they said it tough. I am in contract. What can I do? Its all too stressful, and the contract doesn't start until march next year!
    • Consumerist
    • By Consumerist 15th Jun 17, 4:38 PM
    • 4,580 Posts
    • 2,256 Thanks
    Consumerist
    I'm new to MSE and looking for advice. I am a small business owner and have recently agreed to enter into a new electricity contract with a different supplier through a broker. There was a verbal contract I agreed to but I didn't know there was no cooling off period. So here comes the problem, when I called my current supplier, they offered me a better deal and I verbally signed up (I know now it was stupid). I called the broker and they said it tough. I am in contract. What can I do? Its all too stressful, and the contract doesn't start until march next year!
    Originally posted by Comicguy76
    On the face of it, you have signed two contracts which both parties could hold you to. If you can't come to some agreement with one or both suppliers then I think you need legal advice.

    Edit
    As a domestic customer you would be entitled to a cooling-off period from the new supplier but I'm not sure whether SMEs have the same right.

    If you are entitled to a cooling-off period from the new supplier then you should contact them direct to cancel the switch within that period. The broker is probably not willing to help because they will get a commission from the supplier if you switch through them.
    Last edited by Consumerist; 15-06-2017 at 5:18 PM.
    Warning: In the kingdom of the blind, the one-eyed man is king.
    • oldkingtomcole
    • By oldkingtomcole 28th Jun 17, 1:12 PM
    • 1 Posts
    • 0 Thanks
    oldkingtomcole
    Moving into rented accomodation
    Hello, I'm moving into rented accommodation with my partner in 2 weeks time. We've been renting a room in a house so haven't been paying energy bills.
    Could anyone advise us on the best deal/s for energy. I believe the electric is on a prepay meter, but I don't think the gas is.
    Thanks in advance
    • Consumerist
    • By Consumerist 28th Jun 17, 1:32 PM
    • 4,580 Posts
    • 2,256 Thanks
    Consumerist
    Hello, I'm moving into rented accommodation with my partner in 2 weeks time. We've been renting a room in a house so haven't been paying energy bills.
    Could anyone advise us on the best deal/s for energy. I believe the electric is on a prepay meter, but I don't think the gas is.
    Thanks in advance
    Originally posted by oldkingtomcole
    Best advice is to use an energy comparison site or two (e.g. MSE Cheap Energy Club) to get quotes from several suppliers all at once.

    Since you don't really know what your annual consumption is likely to be, you can use <Ofgem's Typical Domestic Consumption Values> for your quotes on the comparison site.

    You will need to check your tenancy agreement to make sure it is you who pays for energy used in the property. If the landlord pays for energy then you will not have much choice as to supplier and tariff.

    Edit
    You may find this <MSE article> of some interest.
    Last edited by Consumerist; 28-06-2017 at 1:40 PM.
    Warning: In the kingdom of the blind, the one-eyed man is king.
    • Bexie111
    • By Bexie111 15th Jul 17, 2:27 PM
    • 1 Posts
    • 0 Thanks
    Bexie111
    Gas supplier summer and winter
    Hi

    I'm not sure what to do about switching my gas and electricity. My combined tariff is due to end at the end of August. I usually just find the cheapest option after filling in my yearly usage in an online calculator but I'm wondering if I should do something different. My electricity usage is pretty much the same every month but my gas usage fluctuates enormously. I know I can't be the only one.

    In the summer months (June - Aug) I only use about 20kWh for the whole month. May and September were closer to 200kWh. Then in December and January I'm using around 1600kWh and 1200kWh in November and February.

    When I put the yearly usage in the online calculator, it averages it out, so I think I'm probably not getting the best deal on gas because of the variation in daily charges to kWh charges.

    Does everyone else in my position change their gas tariff twice a year? And what do you do about exit charges etc.

    Should I separate my gas and electricity to get a good fixed electricity tariff that lasts a while longer?

    Any polite advice would be welcome! Thanks.
    • Consumerist
    • By Consumerist 15th Jul 17, 2:52 PM
    • 4,580 Posts
    • 2,256 Thanks
    Consumerist
    . . . Any polite advice would be welcome! Thanks.
    Originally posted by Bexie111
    The cheapest deals normally require a year's fixed contract anyway so your annual consumption is really what matters. To be able to switch at shorter intervals would normally mean being on a variable tariff which tends to be more expensive than fixed.

    Getting your energy from different suppliers, however, can work out cheaper than a dual fuel deal - but fixed tariffs are still generally cheaper than variable. An added bonus is that it gives you an additional direct debit if you need one for current account benefits (e.g. interest or rewards).

    Don't worry about variations in consumption throughout the year - we nearly all have that.
    Warning: In the kingdom of the blind, the one-eyed man is king.
    • Hengus
    • By Hengus 15th Jul 17, 3:02 PM
    • 3,861 Posts
    • 2,161 Thanks
    Hengus
    Hi - you could switch to a no standing charge supplier for gas from April through to September but I am not sure that it is worth it for electricity. Having said that, my gas daily charge at the moment is only 33p! I use two separate suppliers for gas and electricity as it works out well for me at the moment.

    FWiW, I switched my gas supply in May - 6 months early - to secure a good price for this coming Winter. I was on a tariff with no exit fees. As gas usage is my biggest variable, I usually run three comparisons: annual usage and then plus/minus 10 to 15%. This may give a different cheapest supplier result. Where possible, I favour the supplier with the lowest unit price but at times it isnít that simple. Cashback etc are secondary considerations.

    Only you can judge whether the hassle of Winter/Summer switching is worth what might be a very modest saving. Best of luck.
    • Drummerboytom
    • By Drummerboytom 15th Jul 17, 8:33 PM
    • 2 Posts
    • 0 Thanks
    Drummerboytom
    Better deal than MSE cheapest
    Cheap Energy Club FAQ says you compare all the deals on the market yet my existing supplier has offered a better deal with my renewal notice than the MSE price comparison tool. How come ?
    • Hengus
    • By Hengus 15th Jul 17, 8:48 PM
    • 3,861 Posts
    • 2,161 Thanks
    Hengus
    Cheap Energy Club FAQ says you compare all the deals on the market yet my existing supplier has offered a better deal with my renewal notice than the MSE price comparison tool. How come ?
    Originally posted by Drummerboytom
    Check what assumed annual consumption (kWhs/year not £s) your supplier is using to come up with the annual projected cost? Suppliers DO NOT offer special deals to existing customers. Ignore all projected savings. Ofgem accredited PCWs and suppliers are required to use the same methodology and the same tariffs. MSE CEC shows all tariffs; some PCWs do not. Suppliers also tend to show prices ex VAT whereas PCWs include VAT.
    • footyguy
    • By footyguy 15th Jul 17, 9:45 PM
    • 3,383 Posts
    • 1,331 Thanks
    footyguy
    Cheap Energy Club FAQ says you compare all the deals on the market yet my existing supplier has offered a better deal with my renewal notice than the MSE price comparison tool. How come ?
    Originally posted by Drummerboytom
    Welcome to MSE.

    Are you saying the supplier has offered you a tariff that is not shown on the CEC?
    If so, who is your current supplier, and what tariff (name) have they offered you?

    Or are you saying the annual cost is different?
    If so. ensure you are using the same anticipated annual consumption figures your suppolier has used.

    Hopefully the supplier has provided you with details of the new tariff (unit price, satnding charge, etc). Compare these details to that shown on the CEC.

    If they are the same on the CEC as the supplier provided, then you will have to do the calculation yourself and see who has given you the correct calculation
    Last edited by footyguy; 15-07-2017 at 9:50 PM.
    • Drummerboytom
    • By Drummerboytom 16th Jul 17, 12:38 AM
    • 2 Posts
    • 0 Thanks
    Drummerboytom
    Welcome to MSE.

    Are you saying the supplier has offered you a tariff that is not shown on the CEC?
    If so, who is your current supplier, and what tariff (name) have they offered you?

    Or are you saying the annual cost is different?
    If so. ensure you are using the same anticipated annual consumption figures your suppolier has used.

    Hopefully the supplier has provided you with details of the new tariff (unit price, satnding charge, etc). Compare these details to that shown on the CEC.

    If they are the same on the CEC as the supplier provided, then you will have to do the calculation yourself and see who has given you the correct calculation
    Originally posted by footyguy
    The proposed new tarriff is on CEC .
    The annual projection by supplier and CEC don't match using same annual usage (kw/h) -
    (Gas is lower on one and Electric lower on the other) which is confusing enough but of most concern is when i do the calculation on the actual rates detailed by the supplier for Gas it is coming out over double the figure they are quoting in the text of the letter.

    Who said switching was easy ?
    • victor2
    • By victor2 16th Jul 17, 7:01 AM
    • 4,662 Posts
    • 3,101 Thanks
    victor2
    :)
    The proposed new tarriff is on CEC .
    The annual projection by supplier and CEC don't match using same annual usage (kw/h) -
    (Gas is lower on one and Electric lower on the other) which is confusing enough but of most concern is when i do the calculation on the actual rates detailed by the supplier for Gas it is coming out over double the figure they are quoting in the text of the letter. :mad:

    Who said switching was easy ? :(
    Originally posted by Drummerboytom
    Are you calculating your anticipated usage cost using your existing tariff until it ends, then the new prices after that date?
    Or are you comparing the same gas usage cost on your existing tariff with the cost for 12 months on the new tariff?
    As already mentioned, don't forget to include VAT (at 5%) in both calculations.

    If you are nearing the end of your tariff (49 days or less left), and initiate a switch, you will remain on that tariff until the switch is done and not face an exit penalty, if there is one.

    Generally, switching is relatively easy if you let a new supplier or comparison site handle it for you. However, it can go wrong and you can get confused trying to predict the costs - and on rare occasions, suppliers have been known to get it wrong.
    Politicians will tell you it's easy - 'nuff said :)
    • footyguy
    • By footyguy 16th Jul 17, 12:51 PM
    • 3,383 Posts
    • 1,331 Thanks
    footyguy
    The proposed new tarriff is on CEC .
    The annual projection by supplier and CEC don't match using same annual usage (kw/h) -
    (Gas is lower on one and Electric lower on the other) which is confusing enough but of most concern is when i do the calculation on the actual rates detailed by the supplier for Gas it is coming out over double the figure they are quoting in the text of the letter.

    Who said switching was easy ?
    Originally posted by Drummerboytom
    Please give us the details.

    What is the tariff proposed? Which supplier?
    What is the anticipated annual consumption in kWh per fuel?
    What is the supply region or first part of your postcode?
    What is the annual cost the CEC advises per fuel?
    What is annual cost the supplier advises per fuel?
    What is athe annual cost figures you calculate per fuel?
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