We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Confused about the best tariff - please help
Options

johncolescarr
Posts: 294 Forumite
in Energy
Hi,
I regularly switch my gas/elec to get the best prices however, something has always confused me...
If a tariff gives an annual discount, such as the best buy for my usage from N Power (9% a year), what happens if I switch to a better tariff before the year is up? Is the discount pro-rata'd or or is it simply not applied?
Help needed as I am currently holding off switching as its just the discount that makes the tariff cheaper than my current one, and I'm worried that the price changes might be short lived
Thanks in advance
John
I regularly switch my gas/elec to get the best prices however, something has always confused me...
If a tariff gives an annual discount, such as the best buy for my usage from N Power (9% a year), what happens if I switch to a better tariff before the year is up? Is the discount pro-rata'd or or is it simply not applied?
Help needed as I am currently holding off switching as its just the discount that makes the tariff cheaper than my current one, and I'm worried that the price changes might be short lived
Thanks in advance
John
Mortgage £120K, monthly overpayment £600, 18 years and £100K saved
0
Comments
-
Anybody???Mortgage £120K, monthly overpayment £600, 18 years and £100K saved0
-
You don't get diddly squat. I mean, you do get diddly squat.
The nPower is an annual rebate - you only get it for twelve months complete service. And some have reported you may not receive it until after eighteen months. You do not receive pro rata. You lose £8.zy for every month you were with them.
Another discount that is paid annually is from Atlantic.
Others are quarterly, some are monthly.0 -
It depends on the actual discount, but some companies do compute some discounts annually. If you are not their customer on the anniversary date, you wont get the discount.
Be careful also of E.on who don't give any discounts on a final bill."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 20100 -
Thanks for advise, think I'll stay where I am. Fixed last year so still on the cheapest tariffMortgage £120K, monthly overpayment £600, 18 years and £100K saved0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards