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.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Switching Dual Fuel from Southern Electric

Good Afternoon,


Please bare with me if I ask any silly questions as I have never switched energy supplier before (I know, I know)...


I am currently with Southern Electric as stated above and pay DD £74 per month for gas and £72 per month for electric. We live in a 3 bed mid terraced house with 2 adults and 2 young children.


I have just done a check on uSwitch as well as through this website and see that I can switch to a fixed price plan with Scottish Power until March 2015 whereby we save £159 per year.


I have just logged into my account with Southern Electric and given the latest meter reading, the results came back that for electricity I am £105.55 in debit and the bill is issued today (my DD will come out next week to cover the majority of this) and my gas is currently £889.79 in credit with a £79.15 bill issued today.


Obviously I know we will use more gas and electricity over the winter, however with switching that money will be refunded to me anyway, would it not?


It may seem obvious to some but should I definitely press on with switching to Scottish Power and request a refund for the remaining balance from Southern Electric and ensure I'm locked in for the next 2 winters?


Thanks in advance for any help.

Comments

  • Nada666
    Nada666 Posts: 5,004 Forumite
    Yes, the money will be refunded - some of it ought to be refunded (about half, at least, but not much more - winter is coming) immediately on request now. The balance will be refunded if you switch supplier.

    Make sure you are using typical annual consumption in kWhs when comparing prices on a comparison site and not using your current total spend. If you used your £146 spend when comparing then the usage and savings suggested will be far too high.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only 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.