switching to sainsburys ?

System

Put your tariff details in the theenergyshop.com website. This will show you the actual savings that you can make by switching. Staying with FU will not save you £306: the saving appears to be £156. You can still use the MSE CEC to action the switch.

The figure of £1211 per year is an inflated calculation based on 2 weeks on your present tariff and 11.5 months on FU's standard variable tariff. This is how the Ofgem comparison works. It inflates your projected costs and your savings.

PlymouthMaid

I think I am going from standard to fixed - either way, if their figures turn out to be very wrong them presumably I can complain a lot as I gave them my annual usage so unless I change my habits a lot then their calculators are wrong.

System

PlymouthMaid wrote: »

I think I am going from standard to fixed - either way, if their figures turn out to be very wrong them presumably I can complain a lot as I gave them my annual usage so unless I change my habits a lot then their calculators are wrong.

Sadly, no. The only person responsible for the switch is you. You have entered your assumed kWhs per year and the site has offered you a range of tariffs. If you accept Sainsbury's offer the only things that are fixed are the term of the contract, and the tariff ( standing charges and unit price).

The good news is that if you are switching from a standard variable tariff to a fixed tariff you should save quite a bit of money. However, if it is a cold winter and you use more energy than you thought, you will pay for it.

modsandmockers

rabialiones wrote: »

WHAT YOU'RE CURRENTLY PAYING £81/month - £972/year

YOU'RE CURRENTLY OVERPAYING BY £13/month - £159/year

WHAT YOU'LL PAY AFTER YOUR FIX ENDS £101/month - £1,217/year

WHEN YOUR FIX ENDS, YOU'LL BE OVERPAYING BY £34/month - £405/year


All savings are based on this cost


This is the way Ofgem suggests your costs should be calculated. It is how much you'll pay over the next 12 months, assuming you don't switch. The calculation is based on 9 days on your current tariff and 357 days on your go-to standard tariff

Bollox, innit...

rabialiones

modsandmockers wrote: »

Bollox, innit...

pardon????????

please elaborate

JJ_Egan

Its based on your supplier charging you the far more expensive standard tariff at the end of the current contract .

Pay 3p per KWH on todays contract ends tomorrow .
You do nothing your supplier moves you on to standard tariff at 6p per KWH .
Thats what ofgem want measured how much you save compared to the standard expensive tariff .

modsandmockers

rabialiones wrote: »

pardon????????

please elaborate

All these quotes, estimates, personal projections etc are pretty well meaningless unless they are based on the actual number of kWhours of energy which you consumed in the previous year. And, even assuming that your property and your lifestyle have undergone no significant changes, then you will only ever get an approximate figure because annual energy consumption is variable and highly dependent on weather conditions. All tariffs have a very simple price structure which consists of a daily standing charge for each fuel, and then a price per kWh (also for each fuel). If you know how many kWh's you used last year, and you can find out the tariff prices for the tariff which you are considering switching to, then it is easy to work out your own estimate of the coming year's costs.

If you don't know how many kWh's you used last year, then look at your bills (if you have no paper bills, then you can probably view them online - otherwise, call customer services and ask them to tell you the numbers). Some comparison sites will tell you the tariff prices but you really need to see the 'Tariff Information Label', which is not always easy to find. Ring the sales line of the company concerned and ask them to tell you the prices of the tariff which you are considering. Make a note of the figures, and if you decide to switch, then check the paperwork carefully to make sure that you are being charged the prices which you were told about.

Bear in mind that, if you have been paying by monthly direct debit, then your 12 annual payments will almost certainly not tell you the actual cost of last year's energy consumption - you may have overpaid, and you may have underpaid. The actual costs are spelt out on the quarterly bills but, even there, the figures are frequently based on estimated meter readings and can be wildly inaccurate.

woozywendy

I don't know if other companies allow it but I am with Sainsburys Energy and I have been on a dual fixed tariff and have changed twice to cheaper deals with them at no cost when switching deals. Cheapest energy supplier for my household.