First home and confused!

aisylynn

I have just recently moved into my first home by myself and thinking of ways to save money I thought I could change electricity suppliers, however am finding it all so confusing. Am currently on E.ON EnergyPlan tariff where I pay 23.03p each kWh them 9.21p. From what i have seen this is quite expensive but I have no idea who has better deals or where to start!
Can anyone give me any advice or know of cheaper tariffs?
Thank you

notbritishgas

Yes it can be very confusing, but help is at hand!
You must visit one of the comparison sites eg energyhelpline, uswitch, moneysupermarket. I personally use energyhelpline.
They will ask your post code as tariffs can vary depending on where you live.
Then put in your existing tariff and your annual usage in kwh (do not use the price ).
i realise you will not know how much electric you will use in a year so you will have to guess. I see you are not on a E7 tariff so presume you have gas heating. If so use a figure of 3500kwh.
If however you have no gas and perhaps use panel heaters then the figure should be much higher, say 20000kwh.
This will then give you any supplier who is cheaper than your EoN one. The price will bear no resemblance to what you will pay as we guessed at the figures but it will show who is the cheapest supplier.

aisylynn

Thank you, starting to make a lot more sense now

victor2

As well as the various comparison sites, talk directly to E.on and see what they can offer. They have some quite good deals for dual fuel - I like the capped rate ones, you pay a little more but at least the rate won't go up for the period of the contract.
As already said, you won't know what your usage is likely to be, but just make a guess based on your latest bills. With gas heating, I find that electricity usage varies little over the year, but gas of course leaps up in the winter.
You really need to read your meters over a period of time of typical usage to get an idea, but even then the weather has a dramatic efffect on your heating costs.