We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Which company for electricity only?

I moved into a newly built flat and need to sign up with a provider. I was previously with EDF. In my last four months with them I used 1420 units of electricity. That might have been high as my last flat was bad for heating and I used some blow heaters quite a lot but my new flat is well insulated.

My previous year annual statement was 2642 units for a year with a peak and off-peak meter (that is the total) and I expect that to be more representative of what I might use on average.

So my question is if USwitch will end up giving me the right recommendations based on those units and whether it is worth switching during the year or taking the cancellation fee into account? I would be happy to switch to save any amount of money but I don't know how often electricity prices are competitive within a 12 month period.

Comments

  • macman
    macman Posts: 53,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 29 April 2013 at 8:07AM
    Put your estimated kWh figures into a comp site and all will be revealed.
    PS: you are already in a deemed contract with the existing supplier, you can't commence a switch until you have registered for an account with them and given your opening readings.
    2642 kWh is incredibly low for a property with all-electric heating and hot water (that less than most people use with gas CH and DHW), and you don't say if the new property is E7 or single rate.
    If your usage really is that low then Ebico may possibly be the one to go for.
    No free lunch, and no free laptop ;)
  • Nada666
    Nada666 Posts: 5,004 Forumite
    As many tariffs are geared to dual fuel customers you can find bargains for electricity only deals. Unfortunately these bargains tend to be for high usage rather than low usage. But you are correct that with a single fuel the cancellation fee may not be a problem - you should check regularly to see if a switch is worthwhile.

    (And, Macman, 2642 kWh is way too high for Ebico to be a viable choice (though I agree it is a low consumption for an electricity only household) unless the Sergeant is feeling very magnanimous. Or hates direct debits and credit meters.)
  • dogshome
    dogshome Posts: 3,878 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I'm afraid that your Elec use figures in a previous flat are not a reliable indicator for your use in another flat - Different constuction/Different size/Different heating

    That said, with the new flat being a new build it should be insulated to high standards, but even so your stated Annual use in the old flat with an ECO7 meter of only 2642 Kwh is is astoundingly low

    If you acheived this by a particular way of life - Just a few Low Energy bulbs/ Microwave only cooking/Very little heating, then you could possibly get similar figure in the new flat, but I would first double-check the figures for the old flat
  • treeze
    treeze Posts: 75 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    It is possible though...my last year in total was 2200kwh
  • macman
    macman Posts: 53,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    treeze wrote: »
    It is possible though...my last year in total was 2200kwh

    Then you must be living without any heating. The average for a property with gas CH and DHW is still 3,400kWh.
    With total consumption as low as yours, it would hardly make sense being on E7, as you must have minimal cheap rate usage (you didn't state the split).
    No free lunch, and no free laptop ;)
  • Buster_Danog
    Buster_Danog Posts: 708 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    macman wrote: »
    Put your estimated kWh figures into a comp site and all will be revealed.
    PS: you are already in a deemed contract with the existing supplier, you can't commence a switch until you have registered for an account with them and given your opening readings.

    You were right about that Macman. I just spoke to the housing people today who told me I have to register for eon before I can switch.

    Thanks everyone for the recommendations. My last flat did not have central heating and was actually badly insulated. I used to use a blow heater as little as possible, and use the gas oven to warm up the kitchen and front room. It was kind of scrooge like. I hardly watched TV either. My main electricity uses were probably the computer and blow heater.

    Yes, the flat I am living in now has good insulation and I think it is the third highest energy efficiency rating possible.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 347.2K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.8K Spending & Discounts
  • 239.5K Work, Benefits & Business
  • 615.4K Mortgages, Homes & Bills
  • 175.1K Life & Family
  • 252.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.