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!

the evertonian

Hello
Could anyone please tell me if i have done the right thing in changing my gas and electricity supply over to first utility, has anyone had any dealings with them, as i have 14 days to cancel.
Thanks

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Hello
    Could anyone please tell me if i have done the right thing in changing my gas and electricity supply over to first utility, has anyone had any dealings with them, as i have 14 days to cancel.
    Thanks
    You need to read more about them. They can be the cheapest....but there is a big IF
    Deferred discount.....
    Are you staying put in your property for the next 12 months? Renters should avoid this tariff like the plague. Are you willing to pay £15 more a month in the hope of getting £180 back in 12 months. Can you guarantee every direct debit will go out on time? Can you read the meter regularly and provide that to first:utility or have a smart meter installed? Can you spend £600 a year before discounts to get the discount? Not close to but definitely spend more than £600 every year...I wouldn't touch it unless your quarterly spend is at least £150 in every quarter including the cheapest summer quarter. This might mean an annual spend of about £1,000.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
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
  • 351.8K 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.