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Energy savings

I followed the advice and swapped energy supplier at the beginning of December. I was on 2015 tariff with British Gas and read my own gas and electricity meters, submitted by email and paid actual every month. After going on a comparison website I found the best deal was with Sainsburys, who were offering to save me £600 annually. Naturally I took up the offer. The amazing thing about this deal is that I am still with British Gas. Not Bad?

Comments

  • Nada666
    Nada666 Posts: 5,004 Forumite
    The Sainsbury's branded tariff is cheaper. But to save £600 you must be using a not insignificant amount. You should also look at investing some of those extra thousands you are spending over years in insulation and such measures.
  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    £600 really are you sure if so sounds like you where on a BG standard tariff .
  • Nada666
    Nada666 Posts: 5,004 Forumite
    (BTW, if you Edit -> Go Advanced on your duplicate thread you should be able to delete it yourself.)
  • Robin9
    Robin9 Posts: 12,955 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    £600- are you really sure ? What was your annual bill ?
    Never pay on an estimated bill. Always read and understand your bill
  • matelodave
    matelodave Posts: 9,183 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If I do a comparison check I can save £480 however if I really examine the calculations they aren't based on reality. They assume that my consumption over the year is linear - which it isn't, and that I'll go onto my suppliers standard tariff when my contract runs out - which I won't.

    In reality the best I can do is save about £16 and then have to pay £30 to terminate my contract so I'm better off staying where I am and swapping when my contract ends.

    You do really need to look at your consumption in kwh, the tariff in pence per kwh and your standing charge in pence per day and do your own sums.
    The comparison sites give you a pointer to the cheapest tariffs based on either the info that you supply or an estimate if you haven't given them the right info but you do have to validate it yourself.

    In the end the only way you can save money is either by using less energy or making sure that the price per kwh and/or the standing charge is less than what you are currently paying.
    Never under estimate the power of stupid people in large numbers
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