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nPower cheapest tariff

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Hi everyone,

Just wonder which is the cheapest tariff of nPower?

Bill saver seen to be the cheapest but with standing charge.

Go Fix 11 is 7% below(as 20/02/21) then standard, but now is getting warmer gas price maybe drop in next few month(?)

Sign online 26 is only 2% below the standard, plus £100 off end of the year.

Which one should I go for??

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    It depends on your usage. The comparison site will tell you which supplier and tariff is cheapest today.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • jalexa
    jalexa Posts: 3,448 Forumite
    edited 25 February 2012 at 9:27PM
    online1234 wrote: »
    Sign online 26 is only 2% below the standard, plus £100 off end of the year.

    Which one should I go for??

    Entirely up to you. They are all subtly different.

    The "£100 off end of year" you mention is a "deferred discount":eek:. Beware "deferred discount" if you do not understand the circumstances you could forfeit the discount. AFAIAA, the "up to £100" applies to all NPower tariffs where payment is by Direct Debit, not just the tariff you list the discount against.

    My advice is to consider seriously the benefits of fixing over next winter so Go Fix. Bear in mind you would get your first "up to £100" discount before the May 2013 maturity date but at the maturity date you could stand to lose the next "up to £100" discount if you switched. Handcuffs of sorts. Up to you what you think about that.
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