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Pre payment gas and electric?

rigsby1967
rigsby1967 Posts: 535 Forumite
in Energy
I was thinking about going over to a pre-payment meter for both gas and electric.
Can anyone tell me the pros and cons of this and how much it would be to change the meters over.

Thank you :)
Mortgage Jan 2007, 60000 :(. Jan 2011, 46,132.86. Feb 2011 45,699.72. July 2011 44,722.48. July 2012 42,400.34. Sept 2012 41,673.83. Jan 2013 40,652.53
Dec 2014 34,834.18 :-)

Comments

  • penrhyn
    penrhyn Posts: 15,215 Forumite
    Part of the Furniture Combo Breaker
    Con You will pay a lot more for your energy
    Pro You won't get into debt.
    That gum you like is coming back in style.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    penrhyn wrote: »
    Con You will pay a lot more for your energy
    Pro You won't get into debt.

    Couldnt agree more.

    If you cant cope with bills, the next best thing is a weekly or monthly direct debit.
    you get at least 2 discounts for this

    1 for paying direct debit
    and 1 for dual fuel.

    much cheaper than a meter.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • savemoney
    savemoney Posts: 18,125 Forumite
    Part of the Furniture 10,000 Posts
    Dont if you can you pay more. If money is tight shop around for a better deal and usually this means online account with direct debt this assuming matches your consumption with a bit spare for Winter you will be able to budget. I pay roughly £90 a month all year and have a little debt due to bad winter. But I monitor my usage every month
  • markharding557
    markharding557 Posts: 3,116 Forumite
    It is worth noting that prepayments rates are now in line with quarterly billing rates and dual fuel is not always cheaper ,you need to use a comparison site to check.
This discussion has been closed.
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