changing supplier & trying to create a budget.

PRINCESSX87

I'm currently in the process of changing suppliers because quite frankly i'm sick to death with the issues with EDF plus their proving to be far to pricey for our budget.

I'm looking to start budgeting on everything and cutting back ALOT! with my outgoings, Hence why EDF was first for the chop. Now, I have been debating either a credit meter or prepayment?

What worries me with a credit meter is that i cant control my electric like i would hope for, and i know i would become lazy & letting it run. Hence in a few weeks / 3 months i would have a bill i would find tough to pay, Where as with a prepayment i would be paying more, But i manage my money & know what i'm using would have already been paid for.

I have asked more then one company if i could send them in writing a letter explaining i would like to "cap" so to speak my electric for piece of mind, Should i go for a credit meter but have been told no, So should that sway my decision for a prepayment meter? Total confused & i hope i havent confused your kind selves....?

pooch

PRINCESSX87 wrote: »

I'm currently in the process of changing suppliers because quite frankly i'm sick to death with the issues with EDF plus their proving to be far to pricey for our budget.

I'm looking to start budgeting on everything and cutting back ALOT! with my outgoings, Hence why EDF was first for the chop. Now, I have been debating either a credit meter or prepayment?

What worries me with a credit meter is that i cant control my electric like i would hope for, and i know i would become lazy & letting it run. Hence in a few weeks / 3 months i would have a bill i would find tough to pay, Where as with a prepayment i would be paying more, But i manage my money & know what i'm using would have already been paid for.

I have asked more then one company if i could send them in writing a letter explaining i would like to "cap" so to speak my electric for piece of mind, Should i go for a credit meter but have been told no, So should that sway my decision for a prepayment meter? Total confused & i hope i havent confused your kind selves....?

Aren't the words frying pan and fire coming to mind?

Why have you decided to dump one supplier due to their cost when you don't appear to have any idea what the competitors would charge you?

With a credit meter, you will be on an unlimited supply.
No supplier can limit what you use.

Opting for a Pre-payment meter should ensure you do not use more energy than you have already paid for, but will restrict you on getting access to some of the most competitive tariffs available out there.

Start by using a comparison site ...

penrhyn

What about a credit meter tariff where you pay for what you use each month?
The best way to reduce you bill is to reduce your consumption.

macman

With a credit meter on a DD you know exactly how much you will pay all year round as long as a) you ensure your DD is set correctly and b) you don't dramatically increase your consumption between reads.
How can A PPM save you money, as you will be paying at least 6% more than if on an online discount tariff?