Switching deals - who do you believe?

Adridav

MoneySavingExpert Cheap Energy Club says I'm already on the best deal, and switching to "Flow" would cost me £129 a year. USwitch says I could save £106 a year and Which says I could save £86 a year by switching to Flow. Why are they so different? Who should I believe?

Adrian

Daz2009

Are you putting the same data into all of them ?
Whenever I do a comparison I enter the last 12 months worth of usage,I think that will give the most accurate results

Adridav

Yes, I got the figures from my last years worth of bills and put the same numbers into all the sites. I can't understand why they would come up with such different answers.

NowRetired

Who should I believe

No one.

It is what you will be paying in the future, not what you paid in the past.

Work out what your future cost will be.

Wywth

Adridav wrote: »

MoneySavingExpert Cheap Energy Club says I'm already on the best deal, and switching to "Flow" would cost me £129 a year. USwitch says I could save £106 a year and Which says I could save £86 a year by switching to Flow. Why are they so different? Who should I believe?

Adrian

Adridav wrote: »

Yes, I got the figures from my last years worth of bills and put the same numbers into all the sites. I can't understand why they would come up with such different answers.

You'll need to supply more information if you wish anyone to look into this.

What is needed is:
1. Name & exact tariff of current supplier
2. Annual anticipated consumption in kWh you input
3. Your supply region (or first part of your postcode)

matelodave

If you are in a fixed deal, then some of the comparison site will assume that you are going to come out of it and consequently pay the exit fee or if you are come to the end of a deal they'll do the calculation assuming that you'll be transferred onto your existing suppliers normal variable tarrif.

I've found that the only way to do a proper comparison is to use the sites to home in on what looks to be good and then use my own figures in Kw and to then do the sums using the actual tarrifs (cost per unit, standing charge if any, discounts etc) and work it out for myself. It's a bit more laborious but you get a proper estimate of what it's going to cost you - and don't forget some of them don't always include the VAT either. Some will also roll up any incentive into the price as well which can distort the outcome

Try the Which? comparison site - not perfect but not bad