Considering changing to Ebico, any drawbacks?

MoneySpendingEejit

pothole50 wrote: »

Are they mounted on the wall and have feet resting on the floor if so chances are they are storage heaters, no feet and mounted on the wall chances are they are panel heaters, is there instant heat when you switch them on.

They are mounted to the wall with no feet, so it looks like they're panel heaters. You get heat almost immediately when turning it on with the switch in a certain position.

macman wrote: »

Every electrical device has a rating plate on it. Until you know what your annual kWh consumption is and what sort of heating system you have, you cannot begin to work out what tariff is best for you.

Thanks macman, I'll endeavour to collate that information. I don't know where I might find a rating plate though!

macman

Look on the side, the back, near where the cable entry is...

Premier_2

MoneySpendingEejit wrote: »

I'm with Scottish Power on a prepayment meter at present and I'm very much open to changing suppliers if it will save me money. The problem is, I consistently fail to understand how the pricing works! I'm all electric, by the way.

I presume I'm on a standard single rate tariff at present, which according to this page works out as: 31.28p per day service charge and a unit price of 11.773p.

With Ebico, it seems to be simply a unit price of 13.98p per kWh exc VAT (14.679p per kWh inc VAT), with no daily service charge.

Am I missing something here? It seems like I'd be saving £9 a month in service charges... Would the 3p per unit extra on the service price end up coming to more than the 31.28p service charge? Or is there a good chance I'd end up paying more with Ebico? I don't even know what I use on a daily basis :think:

I would suggest you not worry about the complicated charging structure that suppliers often use, but rather consult a comparison site who'll do all the complicated maths for you.

You will need to know your annual consumption in kWh to get a meaningful output from a comparison site, but if you call your current supplier they should be able to advise you on this

Ravenshade

Truthfully I spend about £20 a month in total, £10 electric, £10 gas.

You will find that the bills are slightly different depending on which region you are in. Not always, but sometimes. Ebico as far as I am aware (if someone could link me if otherwise?) only charge one set price. You will be charged per KwH you use + VAT and that is all.

I calculated through MoneySupermarket & uSwitch and found that if I took the EquiGas and EquiPower tariffs separate, I'd be charged about 31p extra a year. They advise you on the phone that it would be cheaper to take the dual fuel. Aptly named EquiDual...imaginative folks aren't they?

They are not different tariffs in fact they pretty much all do the same thing. They charge you per KwH of energy used + tax.

ebico.org.uk/products-and-prices/equipower-prices

They do have something for the Economy7 meters though! Thus if you use less energy in the day, you'll save more. Unfortunately I haven't checked the tariffs as far as E7's are concerned and you may get one cheaper else where who knows.

Now I would reiterate that low users do benefit more than highend users. However I believe most people would benefit from Ebico. One of British Gas' tariffs have a 750Kwh cut off from Tier 1 into Tier 2 (which is actually cheaper than Ebico)

However someone paying £25 a month on electric on Ebico's tariff will be using about 2068kWh per year (if you're in the Midlands currently). The few pence you would be saving on the tier 2 is not enough to pull your energy prices down. I suspect you will need to be spending between £40 - £60 a month on electricity for British Gas to look remotely favourable.