Prepayment meter vs normal supply

qbazdz

Hi All,

I'm moving into a new place soon and obviously wanted to switch to the cheapest possible tariff.
At the moment I only know that this property is on a prepayment meter and as I've never used these I wonder if they are more expensive then the normal supply?
Why are these installed anyway?

Is it possible to take it of a prepayment meter and would it be beneficial to me?

Regards!

pooch

qbazdz wrote: »

Hi All,

I'm moving into a new place soon and obviously wanted to switch to the cheapest possible tariff.
At the moment I only know that this property is on a prepayment meter and as I've never used these I wonder if they are more expensive then the normal supply?
Why are these installed anyway?

Is it possible to take it of a prepayment meter and would it be beneficial to me?

Regards!

Usually the same price as the suppliers standard tariff.

Not everyone can get credit. You'll need to speak with the supplier to see if they will give you credit.

macman

As above, same price as standard tariff. But they mean that you can't access the discounted online tariffs, which typically you save 4-6%.
A meter change will cost around £50 if the supplier won't do it for free.
Your LL may well object to the meter change though, check your STA.

qbazdz

I'll find this out today! We'll see how it goes, but thanks for all the info everyone!

sunflower_2

with some suppliers the prepayment tariff is exactly the same as their standard.

you do need to take into account however, the discounts associated with paying by monthly Direct Debit, or for paying your bill promptly.

also - some fixed/capped tariffs are not available to prepayment customers.