About to move to a house with E7... Switch to 1yr or 3 yr fix?

kellyt86

Hi all!

In two weeks I will complete on my house purchase that has only electricity!! So is currently on economy 7 with British Gas.

In my current rented house I am on a blue price fix with EDF, and have always had dual fuel.

I am worried a bit about the cost of E7 with storage heaters and will take some time getting used to how to use them and how to make the best money saving from cheaper night rates (would appreciate any wisdom here).

I have absolutely no idea how much the E7 tariff would be and had intended to stick with BG for a couple of months and see what the usage looks like

BUT I am worried that as we go into winter our bills will be high so want to do something about it before then.

On EDFs website they allowed a quote for E7 by just submitting the house and occupant details and came up with a monthly DD of £66 on a fix until sept 2014 or £77 fix until November 2016.

Then did a quote with BG online pretending I am currently with EDF on the fix until 2016 spending £77 a month. They came back with £69 for a variable or £76 for a 1yr fix making them more expensive than EDFs 1yr fix.

Just to give you an idea with EDF on current house we pay direct debit of £60 (covering gas & electric) and current owner of new house said they pay around £50 but they live alone (and we will be a 2).

We know we need to use most of our energy overnight and we will try and make sure we use tumble dryer (winter only) and washing machine at night.

Any thought or advice about switching to a fix with EDF as soon as we move? And if so what are your thoughts of a cheaper 1yr fix as opposed to a more expensive 3yr fix?

Both fixes have a leave any time without penalty clause.

Any help/advice gratefully received even if it is to tell us we are being too premature!

Thanks

admania

Hi There

Just to let you know you can take your existing EDF blue tariff with you to your new property keeping the benefits you already have )

Adam

[Deleted User]

Hi,

kellyt86 wrote: »

On EDFs website they allowed a quote for E7 by just submitting the house and occupant details and came up with a monthly DD of £66 on a fix until sept 2014 or £77 fix until November 2016.

remember that the fix is for the unit price of electricity, not your monthly DD, which could vary depending on usage.

dogshome

Just how big is this house, how many storage radiators and how well insulated?

Unless it is very small with few radiators and well insulated, £77 a month (£924 a year) is too low an estimate for an all Electric house - £1200+ a year is more likely

kellyt86

Thank you all!

Thanks Adam - didn't realise I'd be able to take existing fix with me given currently dual fuel and new house E7 will look into that!

Of course I understand that the DD will change - but it's the on, basis of comparison I have currently as do not know the kWh usage currently. And EDF came up with a figure based on house size etc!

There are only 3 storage heaters in whole house. One in kitchen, hallway and bedroom 1.
It is a small 2 bedroom semi detached, with 5 rooms total: lounge, kitchen/diner, 1 double bedroom, 1 single bedroom and bathroom.
It's a 1993 build so not terribly old, but we would want to upgrade/add to loft insulation as soon as possible as only about 100mm currently, we would want to go up to 270mm and look at cavity wall insulation as well.

Thanks all

macman

You can't switch directly onto an EDF tarrif. You will be in a deemed contract with the existing supplier (BG), so you can't commence a switch until you have registered with them. If you then want to switch to EDF you will need to select a current tariff.

kellyt86

macman wrote: »

You can't switch directly onto an EDF tarrif. You will be in a deemed contract with the existing supplier (BG), so you can't commence a switch until you have registered with them. If you then want to switch to EDF you will need to select a current tariff.

Thanks Macman, I assumed as much. But thought I'd call BG on day of move in, and then arrange a switch but guess that would prevent 'moving' of my current tariff. Also there will be an overlap between current rented place and new house so that's a problem, not a straight switch!

Originally I planned to stay with BG for a few months to gage the usage but maybe not if they are going to be mega expensive going into winter!

Arg don't know what to do!!

admania

macman wrote: »

You can't switch directly onto an EDF tarrif. You will be in a deemed contract with the existing supplier (BG), so you can't commence a switch until you have registered with them. If you then want to switch to EDF you will need to select a current tariff.

Just to reconfirm you can contact the call centre at EDF and they can arrange the transfer from B Gas in your new property and if you want to keep your existing Blue tariff, then they will read the legal script for that product and the tariff can be kept. So to repeat if you want to switch your suppy from Bgas to EDF you can keep your old tariff.