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Want to change supplier - cashback?

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gazfocus
gazfocus Posts: 2,466 Forumite
Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
I am looking to change supplier for Gas and Electricity and I was wondering if anyone had recommendations?

Currently with British Gas. Uswitch says I'd save most with EDF but EON are offering £70 cashback via quidco.

Any thoughts would be great.

Comments

  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    edited 31 March 2010 at 2:31PM
    What do you want? Ongoing cheap gas & electric or the possibilty of a one off £70 bung?

    (How much of a bung can you get from EDF? £40?)
    "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 2010
  • interbear
    interbear Posts: 65 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    gazfocus wrote: »
    I am looking to change supplier for Gas and Electricity and I was wondering if anyone had recommendations?

    Currently with British Gas. Uswitch says I'd save most with EDF but EON are offering £70 cashback via quidco.

    Any thoughts would be great.

    I suggest you work out the total cost for the period over which you are likely to stay with your new gas/elec provider, taking everything into account, including :-

    - Uswitch type comparison using actual Kwh units used
    - Cashback offers via the likes of Quidco
    - Hidden charges such as those levied for Independent Gas Transporter (IGT), on average around £42 per year. These are not covered on comparison sites so you need to add it yourself if supplied via an IGT
    - How long does the tariff on offer lock you in with penalty charges.

    I just did the same exercise a couple of days ago. Currently I use Scottish Power for gas, Swalec for electricity. Uswitch showed me that the best deal was EDF. And I could get £40 cashback via Quidco. However, EDF do levy IGT charges. A bit further down on the Uswitch list (only by a few quid) was British Gas websaver 6. When I factored in the £20 back via Quidco I'd get by going British Gas, and the fact that British Gas are the only provider not to levy an additional IGT charge, they were cheapest for me, so I opted for British Gas. The other factor was that with the BG websaver 6 tariff I am free of exit charges from August 2010, whereas EDF locked me in until either March or June 2011, can't recall which. I'd rather be free of exit fees earlier.

    Cheers.
  • gazfocus
    gazfocus Posts: 2,466 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thanks. How do I find out if I'm supplied by Independent Gas Transporter?
  • interbear
    interbear Posts: 65 Forumite
    Part of the Furniture 10 Posts Photogenic Combo Breaker
    Your gas bill should have a MPRN (meter point reference number) - if the MRPN starts with 74 or 75, you are supplied via an IGT.

    I got this info via the gas/elec switching article on this very web site by the way - worth a look. This is where I also discovered that British Gas are one of the only providers not to levy the IGT charge.

    Cheers.
  • gazfocus
    gazfocus Posts: 2,466 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    interbear wrote: »
    Your gas bill should have a MPRN (meter point reference number) - if the MRPN starts with 74 or 75, you are supplied via an IGT.

    I got this info via the gas/elec switching article on this very web site by the way - worth a look. This is where I also discovered that British Gas are one of the only providers not to levy the IGT charge.

    Cheers.
    Thanks, I'll take a look. Unfortunately as I've only just moved into the house I haven't had a bill yet.
  • PNPSUKNET
    PNPSUKNET Posts: 4,265 Forumite
    npower dont seem to stump up, eon are good
  • kjsmith7
    kjsmith7 Posts: 519 Forumite
    gazfocus wrote: »
    Thanks, I'll take a look. Unfortunately as I've only just moved into the house I haven't had a bill yet.


    Remember to phone up and register at the property, with an accurate meter reading from the day you moved in, if you haven't already. Otherwise, they may block any transfer ;)
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