british gas £200 cashback is it a good deal?

happy35

Hi, I am currently with EON on a fixed price deal until April 2013 with an £80 cancellation fee.

British Gas have offered me a deal with them that offers £100 cashback now and another £100 in a years time.

I currently dont have a standing charge just pay per unit, BG has a standing charge.

I will get back withe KWH I use later, but would say I am an average user - works out about £35 per month electric and £50ish gas.

Does a standing charge work out more expensive?

I dont have a clue, can compare like with like but that is it

thanks in advance for any help

macman

SC or NSC should make virtually no difference unless you are a very low user-the higher unit rate on a NSC tariff cancels out the SC.
But if you run your kWh figures through any comp site using each tariff then it will tell you the difference-which should be no more than pence.
You can't begin to find the best deal without your annual kWh figures--that is the starting point for everything (do not use monthly DD amounts on the comp sites, as then they do not give accurate results).

Bark01

Are you a BG homecare customer and were you offered this by an engineer?

https://forums.moneysavingexpert.com/discussion/3817151

What tariff were they offering this on? If its standard you could probably save the same amount by using another suppliers cheap tariffs.

solihullblaze

It is a case of taking how much gas and electricity units you use and working it out. I am currently on an EON tariff which charges a premium rate for the first 900 kw of elec and 2680 of gas. When you cost the difference between the higher rate and normal rate for these units i am actually paying a standing charge of £213 per annum which compares with british gas of £178.
British Gas are usually the most expensive for gas but this deal is particulary good. I was offered the deal and struggled to get the actual tariff from the salesperson but it is the same as their clear and simple tariff. On top of the £200 cash back there is a 6% discount for a monthly direct debit payment, £15 per annum for dual fuel and i think there is a discount for internet paperless billing. All in all it was the best deal against all the competitors including when you go through cashback sites.