Do comparison take into account the price hike for npower due in October ?

sycamorer8

Hi All , Just been looking on the switching sites regarding changing from my current supplier which is Eon. At the moment im paying approx £ 1450 per year for both gas and electric and the sites tell me i can save approx £300 a year by swapping to npower. However im aware that npower have a price increase due to start in October hence do the comparison sites take this into account ? There's no point me switching now to npower to save the £ 300 if in October they add another 18% or so - Anyone any advice on this ?
Many thanks
Chris

sycamorer8

Anyone help on this , want to get switched asap.;)

jalexa

sycamorer8 wrote: »

... At the moment im paying approx £ 1450 per year for both gas and electric and the sites tell me i can save approx £300 a year by swapping to npower. However im aware that npower have a price increase due to start in October hence do the comparison sites take this into account ?

Well to (try) to answer your question, AFAIAA a Consumer Focus accredited comparison website is "guaranteed" to show increased prices 3 days after new rates are announced. So IMO yes, however please get a second opinion as quite a bit of money is at stake.

Avoiding the question, are you 100% certain that NPower would be £300 cheaper than the best tariff Eon could offer you?

There are a couple of important things in making an accurate comparison, (1) it is based on annual consumption in kWhrs, and (2) it is based on the *exact* tariff name of your existing tariff.

For a random test I could not see a £300 saving and anyway do you realise that the NPower price includes a "deferred discount":eek:

Beware "deferred discount":eek: tariffs if you do not understand the circumstances you would forfeit the (£100ish) "deferred discount":eek:.

I recommend a double check of the comparsion. The "headline cost" should be right, but sometimes the "savings" figure is unreliable, so compare on the headline costs. Another good check is to pick a tariff you are not on, and compare the "headline costs".

Remember it is easy for NPower to appear £100 cheaper because you may never earn the discount.