We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

New to Utilities

Just purchased a 2 bedroom mid terraced property and have contacted British Gas with the meter readings for both Gas and Elec on the day of completion. However, i believe at the moment we are on a standard tariff.

How do i go about into understanding the best supplier to use? I think ideally we would like to pay a fixed direct debit price (Are these called online dual savers?). Any good places to go for comparison?

Comments

  • spiro
    spiro Posts: 6,405 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Firstly you need to remember that "fixed direct debit price " only fixes the amount you pay each month until they review your consumption and then the amount can vary. This payment method also requires you to check every bill and make sure the meter readings used are A(ctual) not E(stimates) and submitted readings if they are based on an estimate. If you dont you could be back on here in a year or 2 complaining about a huge DD increase due to receiving a 'catch up' bill.

    In terms of choosing a supplier you need to try and find out the previous annual consumption or just use the industry average but you then need to bear in mid that the figures quotes will be correct in pence per unit etc but not necessarily in the amount you will have to pay annually if your consumption does not match that used on the comparison site.
    IT Consultant in the utilities industry specialising in the retail electricity market.

    4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).
  • Just tried using Uswitch and filled in the details 2 bed mid terraced, 2 people, cooking in evenings and only in during evening and weekends.

    According to the website Npower were the cheapest at £700 annual. Tempted to switch to them :)
  • Sorry the product they are recommending is called Dual Fuel Sign online 23
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.