We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Working out electricity consumption in new property

double0
double0 Posts: 65 Forumite
Part of the Furniture 10 Posts Combo Breaker
Hi,
I'm finally flying the nest and will be moving into a 2 bed flat soon. I obviously want to be on the cheapest electricity I can be from the word go. However, how do I find what tariff would be best for me when I don't have a previous years worth of bills to go by? Four people moved into the property when I rented it out last year, and I'll be living on my own, so I can't really judge it by their useage. It's also got storage heating and no gas.

Thanks for any help

Comments

  • Cardew
    Cardew Posts: 29,056 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Rampant Recycler
    The simple answer is you can't work it out. In any case you will have to initially use the present supplier and a switch will take several weeks.

    You best bet is to go to a comparison website and estimate 10,000kWh with 60% of that total on economy 7(cheap rate) Then try variations on that percentage - 50%, 70%.

    Then do the same exercise with, say, 12,000kWh

    A pattern will emerge of who is likely to be cheapest. In all probability there won't be too much difference between the top 2 or 3 tariffs.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.6K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.5K Spending & Discounts
  • 241.3K Work, Benefits & Business
  • 617.8K Mortgages, Homes & Bills
  • 175.8K Life & Family
  • 254.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.