Prepayment meter

Dundee_Arab

Hi not very good at this got a prepayment meter .not in any debt to British gas .but seems to be eating the money in a three bedroom terraced house got timer on .two hours in morning and 6 hours in the evening.it has roughly going through twenty pounds in four days if my maths is correct that will be about 160-180 a month which I think is quite high .any advice thanks

bryanb

Previous owner or tenant's debt still on meter? Gas or elec?

Dundee_Arab

No debt on meter gas .

HappyMJ

Dundee_Arab wrote: »

Hi not very good at this got a prepayment meter .not in any debt to British gas .but seems to be eating the money in a three bedroom terraced house got timer on .two hours in morning and 6 hours in the evening.it has roughly going through twenty pounds in four days if my maths is correct that will be about 160-180 a month which I think is quite high .any advice thanks

Prepayment meters seem expensive but only in the winter...

£20 divide by 4 is £5 multiplied by 30 days is £150 a month.

Then you need to annualize the figure. About 14% of your annual usage will be in Jan or Feb. So divide by 0.14 and you get £1071 per year then divide by 12 and you get £89 a month which is quite reasonable.

Switching to a credit meter paying in advance by direct debit and managing your account online should save about 10%..Switching to a fixed rate discount tariff with another supplier could save another 10%. Cutting your bill down to £70 a month.

bryanb

Actual readings or estimated?

HappyMJ

bryanb wrote: »

Actual readings or estimated?

PPM's are always actual.

bryanb

HappyMJ wrote: »

PPM's are always actual.

Of course, not thinking well today.

Wywth

Dundee_Arab wrote: »

Hi not very good at this got a prepayment meter .not in any debt to British gas .but seems to be eating the money in a three bedroom terraced house got timer on .two hours in morning and 6 hours in the evening.it has roughly going through twenty pounds in four days if my maths is correct that will be about 160-180 a month which I think is quite high .any advice thanks

Could you save by switching?
http://www.moneysavingexpert.com/utilities/switch-prepaid-gas-electricity

You could possibly save even more with a credit meter, (but I realise that may not be possible or desireable)

Probably the best way to save would be to cut down on consumption. Contact your energy supplier for help and advice on how to do this.

Dundee_Arab

Thanks happy MJ only thing is iam renting this property and the landlord won't let me switch to credit meter..

HappyMJ

Dundee_Arab wrote: »

Thanks happy MJ only thing is iam renting this property and the landlord won't let me switch to credit meter..

Landlord has no say in the matter. The meter is not owned by the landlord. If you are going to be there long term then consider switching to a credit meter. Ignore whatever it says in your tenancy agreement. If they (landlord) claim £50 from your deposit to switch back to a prepayment meter then go to the tenancy deposit tribual service and you will get your deposit back.

Wywth

HappyMJ wrote: »

Landlord has no say in the matter. The meter is not owned by the landlord. If you are going to be there long term then consider switching to a credit meter. Ignore whatever it says in your tenancy agreement. If they (landlord) claim £50 from your deposit to switch back to a prepayment meter then go to the tenancy deposit tribual service and you will get your deposit back.

No they won't not if the property is not returned in the same condition as it was originally let, and it cost the LL £50 to restore it to that condition.