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Worth switching from Southern Electric to EDF?

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I read about an offer earlier today involving cashback from Quidco and EDF if you switch to their Online Saver 7 tarriff. I was wondering if I'm working everything out right before I switch.

I'm currently with Southern Electric on the Domestic Standard package for electricity (no gas in the flat) and my monthly DD is £40. That's a daily standing charge of 11.52p and in the last quarter 930 kWh at 11.40p. As far as I can see, that works out at around £40 a month, which is right.

However, if I switch to the EDF plan I think the daily standing charge is 27.79p and the energy is 8.18p per unit. If I work it out at the same usage as the last quarter that's roughly £34 a month, right?

On top of that, there's the Quidco and welcome bonus money to be gained.

Have I worked this out correctly or is there some huge flaw/miscalculation in my plan I'm not aware of?:think:
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Comments

  • dogshome
    dogshome Posts: 3,878 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi CaptainAwsome - It appears, (Please excuse me if I've made incorrect assumptions), from your post that you have not been in this flat very long, you heat it by electricity and do not have an ECO7 meter with Storage radiators & Overnight Hot Water? - and the bill you have had covers the period late August to early November.

    If this is the case, I'm afraid that whilst your £40 pays for your Summer/Autumn consumption, it's nowhere near enough to meet your Winter bills

    Just turning the lights on earlier in the Winter will push up your Summer bills about 20%, and when you Switch on any type of Electric Heater it will cost, inc the VAT just under 9pence an hour to run for each Kwh it consumes, How many Kwh it uses is listed on a plate on the back.

    If this is indeed your first winter in the flat, check your meter daily to see what level of bills you can expect
  • devildog
    devildog Posts: 1,222 Forumite
    If you want to switch do it BUT would highly recommend that you don't switch to EDF, customer service is appalling.
  • t0rt0ise
    t0rt0ise Posts: 4,476 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you're on a standard tariff, anything you change to will be better and EDF's offering just now is very attractive. I've just changed to it as have many others here.
  • backfoot
    backfoot Posts: 2,700 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    devildog wrote: »
    If you want to switch do it BUT would highly recommend that you don't switch to EDF, customer service is appalling.

    I beg to differ (so far). Financially,for me they were clear winners,especially with the non refundable Welcome Bonus.:T
  • Thanks for the replies, it seems like EDF will be a fair bit cheaper but I was wondering, will the Online Saver 7 plan result in me potentially running out of hot water on the evenings etc?
  • I should point out at the minute the hot water is constantly on, we don't have to hit a switch or a thermostat etc.
  • devildog
    devildog Posts: 1,222 Forumite
    Bonus' are good but they aren't everything. Was with them for about 2/3 months and decided enough was enough. Have now switched and they are still giving me problems (like overcharging on closing statement by over 400 units) If you have no problems great but if you do beware!!
  • backfoot
    backfoot Posts: 2,700 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    devildog wrote: »
    Bonus' are good but they aren't everything. Was with them for about 2/3 months and decided enough was enough. Have now switched and they are still giving me problems (like overcharging on closing statement by over 400 units) If you have no problems great but if you do beware!!

    Why did you leave them so quickly? What went wrong within that period of time?

    On your switch away from them, didn't you provide the closing reading/s?
  • devildog
    devildog Posts: 1,222 Forumite
    Sorry not totally clear there, I had had enough after 2/3 months but stayed with them for approx 6 months after that. Initially there was the usual hassles when you change supplier, then opted to do meter reading online, would then be asked to submit meter reading every six weeks and had someone round to read meter too. Lost count of number of calls to them where I would be told that it was now rectified etc. Then deciding to yet again change meter reading times(once previous issues rectified)
    Re switch over, yes I provided a final reading to new supplier(Scottish Power)Got a bill from EDF with the reading being given as a customer reading only it wasn't the figures I had given(over 400 day units added on and approx 30 night units) Contacted EDF who looked at their records and stated that those were the figures Scottish Power had given them and to take it up with them.Phoned Scottish Power, their records accurately reflect the readings I submitted and they tell me that they haven't yet passed on any figures to EDF because they are still waiting for EDF to supply them with details they require(Meter number etc)
  • backfoot
    backfoot Posts: 2,700 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi,

    It all sounds terribly complex.As I am switching to EDF it intrigues me what the problems might be.
    devildog wrote: »
    Initially there was the usual hassles when you change supplier
    ,

    What are those hassles? So far my electricity is to switch in the next few days.It couldn't have been easier.
    then opted to do meter reading online, would then be asked to submit meter reading every six weeks and had someone round to read meter too.

    With OVO, I was sending in monthly readings,which kept the account fully up to date.Why was it a problem?
    Lost count of number of calls to them where I would be told that it was now rectified etc. Then deciding to yet again change meter reading times(once previous issues rectified)

    What would be rectified?
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