First time switcher

gogsboy

I have been meaning to switch electricity for a while now but never got round to it.

Now seems the time to get something orgainised.

Using the comparison sites it seems to throw up N-Power Go Fix 7 as the one of the best options.

Another N-Power tarrif seems to claim a bit more savings, called online 22 or something similar which talks of being 2% under the rates.

I'm assuming with the way things are going this is probably not a wise move as it would work out more expensive than the fixed tarrif giving it seems likely that there will be rises.

Also with regards to the chasback options is there a best one to go with for the highest chance of them paying out.

Any advice and pointers most welcome

MillicentBystander

If you are going for a variable rate as opposed to a fix, take great care at the moment. npower haven't, for the time being, incrased the SOL22/23 tariff but as sure as night follows day it will happen, probably sooner rather than later. They are of course totally covered in the T&Cs because as you've noticed they only guarantee to be 2% cheaper than standard tariff when in reality at the moment they are HUGELY cheaper than standard. npower also grant a £105 discount annually in arrears 9and this discount is reflected in the comparison site savings figure). Should npower, as is their total right, exercise the option to increase SOL22/23 so that it is indeed just 2% less than standard, and you decide to depart to pastures new before your 12 months are up you don't get a sniff of this £105 discount. It's a bit of a minefield out there but if you want any further advice before switching don't hesitate to get back on here and i'm sure we will do all we can to help.

PS Just realised you are only talking of electricity so the annual discount is £42.50. Same principle applies as above.

gogsboy

Yes situation is have gas and electricity at one property which is not being used much as it's being renovated ready for the rental market.

However I guess it might make sense to switch there too and transfer into the tenants name or maybe there are pitfalls with that.

The house we live in now is oil heating, which isn't working out that cheap either, it would have helped if the developers hadn't scrimped on the size of tank.

So yes it's electricity only at current house which we seem to use more of than previously, extra children contribute to that too

It's both Scottish Hydro standard we are on which is probably not the wisest.