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Why can't I save money on the switching sites?

Miranda7
Miranda7 Posts: 52 Forumite
I'm on Websaver 6 with British Gas as a single fuel customer, with most of my electricity on Economy7.

But every time I use the Uswitch/compare sites it comes up with a minus figure!

Surely I can't be paying £260 less than their cheapest deal?

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Miranda7 wrote: »
    I'm on Websaver 6 with British Gas as a single fuel customer, with most of my electricity on Economy7.

    But every time I use the Uswitch/compare sites it comes up with a minus figure!

    Surely I can't be paying £260 less than their cheapest deal?
    Possibly. Websaver 6 is a quite a good tariff and BG tends to be cheap for electricity. What's the unit rates that you are currently paying? And what's the closest competitor and what are they charging?
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Miranda7
    Miranda7 Posts: 52 Forumite
    Oo, I don't really know - I think it's 4.something for night rate - I have a huge immersion which heats over night and storage heaters. It's 12 or so for day rate I think, too.
  • Swipe
    Swipe Posts: 5,821 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Electricity has gone up quite a bit since websaver 6 was introduced so it's inevitable that when you switch it will cost you more than your current tariff. However, when you do switch it will be cheaper than the standard tariff BG will convert you to when your current deal expires.
  • tori.k
    tori.k Posts: 3,592 Forumite
    Part of the Furniture Combo Breaker
    We are almost in the same boat, our EDF will finish end of june, only N-power comes up a few ££ cheaper for us...but somethings just arn't worth the hassle i would think unless your on a standard tarrif the big savings has done its day for the time being, so we will look a who's better for customer services as money wise there's no great differance at the moment
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