Confused!!!

Jules22

I'm with Scottish Power Online Saver 20, this ends on 31st October 2013.
I'm paying at the moment £153 a month and I'm £460 in credit.
I've rang them this morning and I've been offered the new Fix til Dec '17 tarriff, which is £167 a month.

Now, to me the figures dont add up, even with the price rises and winter on its way.

I'm really confused as to what to do now, as the other companies are much of a muchness.

Could this be haggled with the greedy beggars!

Bluebirdman_of_Alcathays

Jules22 wrote: »

I'm with Scottish Power Online Saver 20, this ends on 31st October 2013.
I'm paying at the moment £153 a month and I'm £460 in credit.
I've rang them this morning and I've been offered the new Fix til Dec '17 tarriff, which is £167 a month.

Now, to me the figures dont add up, even with the price rises and winter on its way.

I'm really confused as to what to do now, as the other companies are much of a muchness.

Could this be haggled with the greedy beggars!

What doesn't add up? I make it a 9.1% rise, which given you're going from a discounted tariff to a long term premium fixed tariff is actually rather good!

You are in credit for 3 months consumption, about right for this time of year.

Nada666

As Bluebirdman says the figures do add up - they aren't unreasonable.

You can haggle your payment down if you like - but would you not much rather pay £167 each month now than end up in six months having to pay £225 or £250???

Of course, if you are correct and it is an overestimate and you do turn things down this winter if you just pay the £167 you will end up in three or six months having an adjustment down. Is it not better going forward with a similar payment and hoping for a downward adjustment rather than risking an upward one?

Jules22

Thanks for your replies,

Now I've calmed down a bit and done some research I've decided that I'm not going to fix til '17 as I dont want to face an even bigger bill after further price rises, as I'm assuming there will be.

After having such a big credit, I'm considering going back to quarterly bills. This might seem daft, but for us it seems the best way to go.

Doing online bills only saves us £20 a year and having seen that we used less energy in the previous 12 months (dont know how! ) and with price rises, we can manage our usage and costs ourselves without amassing a credit with energy companies.
Its better in our bank account than theirs.

Nada666

Jules22 wrote: »

Now I've calmed down a bit and done some research I've decided that I'm not going to fix til '17 as I dont want to face an even bigger bill after further price rises, as I'm assuming there will be.

??? Eh?

Jules22 wrote: »

After having such a big credit, I'm considering going back to quarterly bills. This might seem daft, but for us it seems the best way to go.

You said it.

Jules22 wrote: »

Doing online bills only saves us £20 a year and having seen that we used less energy in the previous 12 months (dont know how! ) and with price rises, we can manage our usage and costs ourselves without amassing a credit with energy companies.
Its better in our bank account than theirs.

Yes, gaining 0.1% or 2% in a bank account is far more sensible than having 6% off your bill! 6% of £1500 is £108. 2% of £400 is £8.

You can manage usage on cheaper tariffs, too.

With your high usage you should consider a shorter fix and you really ought to pay by direct debit. But it's your money.