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!

Standing charges + exit penalties

I wonder if someone would be able to answer two questions I have:

1) Standing charges - are there any tariffs that are still 'cheap' without standing charges (or are there any tariffs without standing charges?). I live in a flat but spend a lot of time away from it and therefore it seems pointless to have to pay daily when I'm not even there

2) I am planning to move in July and will probably move to somewhere where I don't pay the bills in my name. Does this mean even if I go on a fix and it says e.g. a £60 exit penalty fee I won't have to pay this therefore I should disregard this when comparing tariffs and just go for the cheapest?

Thanks
«1

Comments

  • Nada666
    Nada666 Posts: 5,004 Forumite
    1) there are some tariffs available without standing charges - but what matters is your likely usage - that will determine which is suitable (some direct debit discounts may counter a standing charge). Use a comparison and check each fuel from a separate supplier, not just dual fuel offers.

    2) no cancellation charge applies where contract is ended due to moving house or let - you are free to choose any tariff ignoring penalties.
  • Thanks so how do I work this out?

    My current usage over the past year has been
    January - September
    Gas 1212 Kwh
    Electricity 3727 kwh
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You need a full year's figures to do a proper comp site calculation. Jan-Sept will exclude much of the (cold) winter, when you can expect to use 80% of your annual total for heating.
    For a house with gas CH and DHW, your leccy figure is about right (UK average 3,400kWh), but your gas is not. It should be at least ten times that (UK average is 16,500kWh). You need to input kWh figures, not meter units, which are only volume, not kWh. Gas meter units are either in cu m or 100's cu ft, depending on the type of meter (it's marked on it).
    Your annual statements will show your annual usage for the past year, or ask your supplier.
    No free lunch, and no free laptop ;)
  • the-mango
    the-mango Posts: 818 Forumite
    Xmas Saver! I've been Money Tipped!
    edited 19 November 2013 at 2:39PM
    I've only been there since January, hence only have those figures...

    Your'e right, I read the figures wrong, it shoudl be:
    Electricity 1212 Kwh
    Gas 3727 kwh

    I have a combi boiler thing which I assume does hot water and heating? Cooker is induction so electric and I assume everything else is electric.

    If it's any help it says that the average for the cold period I was there for (January to April) was 36.92 kWh/day

    I have just double checked and online in my energy consumption it says Consumption (kWh) Gas Bills (kWh), so both are still kWh.
  • the-mango
    the-mango Posts: 818 Forumite
    Xmas Saver! I've been Money Tipped!
    edited 19 November 2013 at 7:48PM
    Anyone know how or what I should be searching for to find the best tariff as it's not quite a straightforward comparison
  • Nada666
    Nada666 Posts: 5,004 Forumite
    What is est? What is not straightforward? Take an educated guess at your likely usage. Look on a comparison site and plug in your usage and your postcode. See what the range of prices is. What is not straightforward?
  • I'm not there a lot of the year so standing charges really affect the price. Over the summer my gas usage was 71p... A standing charge would push my bill up massively. I was just wondering how to compare
  • Nada666
    Nada666 Posts: 5,004 Forumite
    Have you tried looking on a comparison site? I would guess Ebico for gas and npower April 2015 for electricity would be a decent combination at your likely usage.
  • Yes I've looked but they all seem to have a standing charge and I can't find a search which includes that within their filters. Was just wondering if there were any alternative ways of lookong
  • Nada666
    Nada666 Posts: 5,004 Forumite
    edited 19 November 2013 at 9:52PM
    You could stick in a usage of 1kWh of gas and 1kWh of electricity and see which tariffs come up on top.

    (But don't forget to look at the electricity-only tab as well as dual fuel results.)
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
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K 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.