energy for rented property

steve_2012

hi,
my in laws are moving into a new rental property.
they are moving from an all electric so i dont really know how too get them a comparison on the compare sites.
they also cant get the previous users readings.
someone (energy adviser) from the estate agents phoned them and went through there costings and said he will set them up with edf, i told them not too do anything with him and that i would find them the best deal.
so now i need a few pointers, ive not done it from scratch and im also not sure as renters exactly what deals they can enter into.
all advice welcome.

spiro

First important point is when they moved in they will be supplied by the existing supply so they need to phone them with move in readings and to set up an account. DO NOT trust the estate agent to do this, there are loads of horry stories on here where people relied on this.

In terms of the best deal, go on a comparison site and input the usage as the national average. This wont give what their annual bill be but will find the best deal.

macman

As tenants, they can pick any supplier they wish. But, as above, they must first register with the existing suppliers, with whom they will be in a deemed contract from day one.
If they're going from all electric to gas CH and DHW then it should be cheaper, even compared to E7.

steve_2012

thanks for the replies.
i will run a check on prices tonight.
they are currently on i think economy 18 in the very old flat conversion of a quite grand building they are in but the system although only 3 years old is useless and the place is always cold in the winter and there bills are really very high for little or no heating, the old sash windows dont help and 10 foot ceilings.
which is much of the reason there there moving, that a few damp issues.
as i say i will tell them too ring BG on friday with the readings and run a comparison tonight.
thanks again.

steve...........

spiro

Very few suppliers will offer an E18 tariff and I suspect the daytime rate willbe very high. Previosuly on say an E10 tariff, the day rate was about 15% more than on an E7 tariff so I suspect E18 will be even higher.

sheffield_lad

also worth looking at the EPC to understand how much they need to budget for on the main costs, heating, water heating, lighting.

GL

steve_2012

thank you,
i run a test comparison based on the them being a BG customer on a standard tariff in a medium size house (it is a fairly small 2 bed house).
the results showed a £150 saving with m&s and scottish power coming 3rd with around £120 saving.
these were all fixed till oct ish next year.
they are only on a year contract for the rent.
this still came out at around £100 per month which i think was a bit much but as that is what we pay on a 4 bed with edf fixed till march ish next year but i assume rates went up a fair chink last winter.
while i was reading on here i noticed a couple of 4 year fixed deals with no penalties so in the next day or so i will have a look to see if i should get on one of those although my main saving with my fixed will likely be this winter period so i would be losing that too gain in the future, i need to look into this.
these being for myself.