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moneysupermarket

Hi im looking to changing my gas and electricity supplier and have used the above site. Have entered the details given on my annual bill but there seems to be a discrepancy once it has calculated the total cost for the year. My bill states i have used 576.11 yet the site comes up with a total of 689 . is there a problem with the sites calculation because it would greatly reduce the savings wwhich are offered by this site? Thanks in advance

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    You must always double check the figures. Maybe the figure it came back with was a forecast for the next 12 months based on the last 12 months usage but prices may have increased so the figure on the bill may be what you spent last year but isn't accurate for the next 12 months.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Did you use your annual kWH costs or your annual/monthly spend? The latter does not produce accurate results-you must use kWh's.
    Secondly, as above-the comp site produces costs for the next 12m, your bill is for the last 12m. Last Autumn's huge increases will account for the difference.
    No free lunch, and no free laptop ;)
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