Moving Home, How do i decide on Gas and Electric?

Kalahoma

Hi All

Really new to this as i am a FTB getting my keys on the 7th Dec :T

What im looking to find out is how do i go about getting the best deal for gas and electric? On the U switch site it asks for current consumption etc but i have no idea what this will be?

As far as im aware the gas and electric is with Scottish Power i dont know if i should stick with this or try to move? I am obviously keen to save as much as possible!!

I dont know if it makes any difference but i live in Scotland.

Thanks in advance!

Jamie

Scottish_Power

Hi Kalahoma

You will need to register with ScottishPower in the first instance if confirmed we are the registered supplier (or whoever the registered supplier is), after that you are free to choose.

Where customers are new to a property I tend to ask what they paid before at their old address as a guide and go from there. If you pay monthly Direct Debit this is cheaper and payment generally reviewed 1-2 times per year with checks in between to make sure you're not off track.

Our quote tool has the option to give number of bedrooms and number of occupants if you don't know and Uswitch has a similar tool if you say "don't know" to the how much you use question

Hope this helps

David

Wywth

Kalahoma wrote: »

Hi All

Really new to this as i am a FTB getting my keys on the 7th Dec :T

What im looking to find out is how do i go about getting the best deal for gas and electric? On the U switch site it asks for current consumption etc but i have no idea what this will be?

As far as im aware the gas and electric is with Scottish Power i dont know if i should stick with this or try to move? I am obviously keen to save as much as possible!!

I dont know if it makes any difference but i live in Scotland.

Thanks in advance!

Jamie

As per the advice of the SP rep ... but quoting your post incase you decide to delete it soon

notbritishgas

The SP rep is correct that you will need to register with the current supplier when you move in, SP if it is them.

So on day 1 if you have time take meter readings for gas and electric and give them a ring giving your details and the readings.

You will then be free to switch. You could do some research before 7 Dec by entering some details in a comparison site, if the new property has gas Central heating then put in the national average figures of 16500 gas and 3200 electric and the existing supplier as SP Standard tariff.

This will show you who the cheapest supplier is for your favoured tariff (fixed or variable) but not your annual cost as you do not know your consumption yet.

If this shows that you may switch then on day 1 do not sign up to a tariff with exit penalties.

Hope this helps.

Cardew

Agree with the posts above.

Initially you are on a legally binding 'deemed contract' with SP which will be on their expensive Standard tariff(that is the same for all companies.)

One advantage to be considered is that if you decide to stay with SP, on a cheaper tariff, is that you can switch straight away and not have the 6 to 8 weeks wait if moving to another company.

Personally I would not be deterred by exit penalties if moving to a good value tariff; the penalties tend to be smallish(£30 or so on average)

Kalahoma

Hi David. It is scottish power who are the current suppliers. Can you confirm that the poster is correct in saying i would automatically go on to the higher standard tariff?

Thanks

macman

If you don't specify when you register then you go on the default tariff-Standard. And if you don't register on day one then the same applies until you do, as you are in a deemed contract from the first day.
Why do you need the SP rep to confirm this? It is the same system with any supplier.

Scottish_Power

macman is correct, we would default on the higher rate standard tariff unless you opt for a DD tariff. There is nothing to stop you from going onto a standard DD tariff which is cheaper, but still has no exit fees so you can switch if you want to. Hope this helps. David