Property running on electric only?

PRINCESSX87

Morning all,

I was hoping for a little advice, hopefully someone could help me here.

My partner & I are hoping to move into a new property within the next few weeks, everything in the property is electric.

The tenant in the property at present told us that he pays £35 per month electric that’s for use of the cooker, shower, hot water, and lighting, But admits he doesn’t use the electric heating provided because the cost goes up to £68 per month.

The property is a small & compact 1 bedroom semi, with double glazing windows & front door, Plus a porch door.

The heaters have seen better days.

I’m a little worried now, as we are going to be on the tightest budget.

So, I have no idea if we should:-

a) Go on prepayment? That way we can only use what we can afford…
b) Have direct debt, But might not be able to afford to pay “outstanding bills”

But, I was told from the estate agent, we can have monthly bills & set the electric companies a budget, once we hit that, we then have to choice but to pay or be switched off?

What is the best provider for both…? I have tried comparing sites, but I’m more confused now then ever! Lol

Thanks in advance for your assistance peeps!
:money:

HappyMJ

PRINCESSX87 wrote: »

a) Go on prepayment? That way we can only use what we can afford…
b) Have direct debt, But might not be able to afford to pay “outstanding bills”

But admits he doesn’t use the electric heating provided because the cost goes up to £68 per month.

Prepayment meters can be good but when you can't afford it will be disconnected and you won't be on the best discount rates.

Direct debit is the best but you must switch to the best tariff possible. You will find all your savings here. Switch regularly using Quidco each time and you will have low bills. Read the meter every week and estimate what you need to pay the bill then reduce consumption if it's too high. Save a bit extra in the summer for the higher winter bills. About 50% of the annual bill is used in the coldest 4 months of the year. Dec-Mar.

£1 per day for heating is VERY cheap.

PRINCESSX87

Thank you for your reply!

spiro

Think the estate agent may be talking rubbish. Never heard of a supplier that caps your usage and stops you going over that.