Electric only switch - am I missing something?

Son_Of_Meerkat

So it's time to renew my electric only contract... I've read MSE's page and Isupply is the cheapest, with £20 credit via their link and/or £15 cashback via energy helpline...

Energy helpline is saying Isupply is cheapest @ £485, fixed for 12 months.
with British Gas 2nd cheapest (hahaha very funny) (variable = hell no)
BUT, I only pay £40 per month at the moment and based on my workings, am overpaying by £10-15. Which 12 months @ £40 p/m = £480. So how I'd be saving £105 is beyond me, as they seem to think 12 x 40 is 590........

But anyway, I thought I would check out Tesco Compare.com (as I reluctantly work for the robbing b*stards)
And they say:

OVO Energy is cheapest @ £440, fixed - 12 months. £30 exit fee.

And coming in 2nd is EDF Blue+ JUNE 2014 (fixed - 18 MONTHS) comes in at £444 annual cost, with a whooping £0 (yes zero) exit fee.
So am I missing something or is EDF by far the cheapest way to go, even after £20 MSE's blagged credit and?/or EH's £15 switch cashback.

Currently with Npower who wan't to hike me from 10.4p to 18.something per unit.

So am I right in thinking that despite no cashback/credit/discount EDF is the cheapest, based on annual cost and balanced out more by it's 18month fix????

Kind Regards,
Son Of Meerkat - Just not as hairy as my dad

Wywth

Son_Of_Meerkat wrote: »

So it's time to renew my electric only contract... I've read MSE's page and Isupply is the cheapest, with £20 credit via their link and/or £15 cashback via energy helpline...

Energy helpline is saying Isupply is cheapest @ £485, fixed for 12 months.
with British Gas 2nd cheapest (hahaha very funny) (variable = hell no)
BUT, I only pay £40 per month at the moment and based on my workings, am overpaying by £10-15. Which 12 months @ £40 p/m = £480. So how I'd be saving £105 is beyond me, as they seem to think 12 x 40 is 590........

But anyway, I thought I would check out Tesco Compare.com (as I reluctantly work for the robbing b*stards)
And they say:

OVO Energy is cheapest @ £440, fixed - 12 months. £30 exit fee.

And coming in 2nd is EDF Blue+ JUNE 2014 (fixed - 18 MONTHS) comes in at £444 annual cost, with a whooping £0 (yes zero) exit fee.
So am I missing something or is EDF by far the cheapest way to go, even after £20 MSE's blagged credit and?/or EH's £15 switch cashback.

Currently with Npower who wan't to hike me from 10.4p to 18.something per unit.

So am I right in thinking that despite no cashback/credit/discount EDF is the cheapest, based on annual cost and balanced out more by it's 18month fix????

Kind Regards,
Son Of Meerkat - Just not as hairy as my dad

What data did you input into the comparison sites?

i.e.
1. what supply region (or first part of your post code) are you in
2. which exact npower tariff do you currently have?
3. what is your annual consumption figure in kWh

With this data, someone can give you a proper answer rather than just attempting to guess at the possible answers

Son_Of_Meerkat

Wywth wrote: »

What data did you input into the comparison sites?

i.e.
1. what supply region (or first part of your post code) are you in
2. which exact npower tariff do you currently have?
3. what is your annual consumption figure in kWh

With this data, someone can give you a proper answer rather than just attempting to guess at the possible answers

I input the same data which both sites requested. But my usage I done (on both) as my monthly amount. Not long had a new meter fitted (had eco 7 taken off) so it'd simply cause too much confusion working out new usage vs old day and night usage. But roughly on average it's maximum 100kwh

dogshome

OK - Forget how much you are paying in D/D's. It is only an appx. measure of the amount of power/cost you use a year, and entering it into Switch sites only gets you appx. answers

Establish your annual use in kwh, ( On Elec. they are the same as the meter units). On the Switch sites use the drop down menus to enter your Annual Kwh consumption - This will give accurate quotes

Wywth

Son_Of_Meerkat wrote: »

I input the same data which both sites requested. But my usage I done (on both) as my monthly amount. Not long had a new meter fitted (had eco 7 taken off) so it'd simply cause too much confusion working out new usage vs old day and night usage. But roughly on average it's maximum 100kwh

There's no issue with inputting your consumption as a single annual total rather than the split amounts you may have records for when you had am E7 meter.

You must have those figures when deciding it was the right thing to have gotten the E7 meter replaced in the first place.

If you have recently switch tariff, which you have done if you got the meter switched, how do you know the £40 per month you paid all last year reflects the cost of your new tariff?

Don't use monthly cost figures, use the annual consumption in kWh figures (adding them together if necessary to get annual total)

And if you could give the other data I asked for too please.