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Poor advice from energy switching websites?
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fionaaddison wrote: »I switched to EDF on the basis of an advertised £120 annual saving on uSwitch, only to find that the actual saving when the DD amounts came through was a paltry £12.
You can not judge a saving based on a dd amount.
The DD amount is based on what EDF expect you to consume and when EDF do this they don't take your previous consumption as a guide. They have some other formula.
If you used the same consumption as the year before you will have saved £120 and EDF will owe you money as the DD would have been set to high. You can always dispute a DD amount but its best to pay it for 6 months so aat least your new supplier has a history of reads to go back on.0 -
KimYeovil wrote:If it's too much hassle to take fifteen minutes the first time and three minutes subsequent times then, yes, you are free to continue to pay whatever your incumbent is charging.
Are you suggesting you did not save £120 with EDF? As far as I see, you are not, so it was cheaper. Of course you have to check how much you owe to or are owed by the incumbent. What has that to do with the price of fish tariffs?
You say you were stung. You were not.
As you are electricity only it is important that you are less impatient and check regularly because significant savings are available to single fuel households.
Ouch! As a newbie making my first post, that wasn't quite the friendly money-saving advice I was hoping for:)
No, I didn't save £120 with EDF despite what uSwitch said.
I was living elsewhere at the time, with both gas and electric. Hassle was in the form of: cancellation forms from my existing gas supplier, the same from my existing electricity supplier, a form completed and sent to EDF to set up the new gas account, and another one for the new electricity account (because despite it being a dual fuel tariff, they had to be separate, and despite me providing most of the information online via uSwitch), two more forms for EDF to arrange two direct debits for the separate accounts, and several trips into a damp, unlit cellar to read the meters. Anyway, it the whole process took several weeks, and considerably more than 15 minutes of my time. This was a few years ago though, so maybe things are easier now.
It would have been well worth it for £120 saved, but it wasn't for the £1 a month I actually did save. I just wanted to know how I can be sure I'm actually going to get the savings advertised, because no, I don't want to go through all that again unless I'm actually going to gain from it. Looks like consumption calculations is the only way to do it.
Now, where did I put my calculator?:)0 -
fionaaddison wrote: »It would have been well worth it for £120 saved, but it wasn't for the £1 a month I actually did save. I just wanted to know how I can be sure I'm actually going to get the savings advertised,
1> base calculations on ANNUAL CONSUMPTION only, as with any other calculator model garbage data in=garbage data out.
2> use uswitch etc to work out who is cheaper but then (having cleared your cookies) go thru a CASHBACK site to sign up, then you get £120 odd in your pocket up front* each switch in addition to any saving
*well, after 3 months or so...0
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