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Save £1300 Is this right!

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Hi,

I've just done a check on moneysupermarket and I got:

Estimated Annual Saving:
£1,219.24

with:

N Power Sign Online 13 - Standard

Surely a saving this big is crazy, have I done everything right.

Current Plan

Gas: Scottish Power
Package : Weekly Payments
£60.50 per week

Electricity: E:ON
Package: ???? (No Standing Charge Plan??)
£39.50 Fortnightly

On Money supermarket I entered the weekly price paid, is this the best way to compare, or is there an easier way?

Comments

  • jd87
    jd87 Posts: 2,345 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Your current usage is HUGE! Are you sure the amounts you have said are correct? Can you find out your current prices in pence per unit and the prices for the tariff you'd be switching to?
  • espresso
    espresso Posts: 16,448 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    If you want to get accurate results from comparison sites, forget the monetary amounts and enter your annual kWh consumption!

    :rolleyes:
    :doh: Blue text on this forum usually signifies hyperlinks, so click on them!..:wall:
  • New Npower tariff

    Standard Charge - Gas Standing charge £0.00 Unit Rates 1 Unit Rates 2 Unit Rates 3 7.1442p 2.6124p
    Up to 4572Kwh

    Gas Discount:
    £21.00 per year.
    Standard Charge - Electricity Standing charge £0.00 Unit Rates 1 Unit Rates 2 Unit Rates 3 13.6605p 12.8310p
    Up to 728Kwh

    Electricity Discount:
    £21.00 per year. Discount:
    £63.00 per year. All costs are inclusive of VAT.


    Current gas usage from bill:
    28/04/08 to 22/08/08
    Price (kwh@p) 11219@3.069 total 344.31

    356 units used

    117days@15.950 total 18.66


    total gas = 362.97


    Electricity


    229kwh@18.89p ea
    1555kwh@10.43p ea
    from 19/04/08 to 24/07/08
  • KimYeovil
    KimYeovil Posts: 6,156 Forumite
    1,000 Posts Combo Breaker
    If you have a very high or a very low consumption a 30% saving is not remarkable.

    Differences in tier 2 prices do vary widely. British Gas is 25% dearer for gas than nPower but is 35% cheaper for electricity.

    (But note that your second post suggests £20 per week, not £60 for gas.)
  • POSSETTE
    POSSETTE Posts: 1,474 Forumite
    £60 a week!!!!!! how? what do you live in ???an 8 bed shed with no walls????
    TO FINISH LAST, FIRST YOU HAVE TO FINISH....
  • 7 bedroom Mid Terrace, 3 floors, + basement,
  • The estimated gas charges from the current supplier (23/08/09 to 21/08/09) are:

    £2,588.31 inc VAT
  • KimYeovil
    KimYeovil Posts: 6,156 Forumite
    1,000 Posts Combo Breaker
    You should maximise your savings by taking single fuels from different suppliers.

    (And post/work with your estimated consumptions, not your charges - your useage is so high just working with the costs will distort things too much (given the wide variation in tier 2 prices).)
  • espresso
    espresso Posts: 16,448 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Confused11 wrote: »
    The estimated gas charges from the current supplier (23/08/09 to 21/08/09) are:

    £2,588.31 inc VAT

    For three days!

    :eek:
    :doh: Blue text on this forum usually signifies hyperlinks, so click on them!..:wall:
  • POSSETTE
    POSSETTE Posts: 1,474 Forumite
    hope you sort it out soon...im SO glad i live in new 3 bed home..13 a month gas 33 elec...and we get in credit at that!!!
    TO FINISH LAST, FIRST YOU HAVE TO FINISH....
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