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POLL: Would you swap the prepayment meter for a credit meter?

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  • iammumtoone
    iammumtoone Posts: 6,377 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
    edited 24 September 2015 at 7:07PM
    windup wrote: »
    you're paying 50% per kwh more than me.

    It doesn't make sense for anyone to use prepayment by choice.

    50% is a lot what tariff/supplier are you using?

    On a £30 spend per month 50% saving per kw won't make my bill £15 as some of that will be fixed charges. I do keep a check on it but maybe its time to have another look.

    EDIT: just looking at the standard charge figure and I quoted (16.20) the wrong kw unit price, the price I quoted is worked out including standard charge. I actually pay 13.13 per kw I did think 50% was a big difference!!
  • windup
    windup Posts: 339 Forumite
    edited 24 September 2015 at 7:24PM
    just put your details into uswitch or similar, as an example

    isupplyenergy iFix 201610 Direct is

    10.5p per kwh

    and

    16p per day std charge

    tariff comparison rate is 12.38p


    gb energy Premium Energy Saver is

    10.028p per kWh
    std charge 21.53p per day
    tcr 12.56p per kWh
  • Cardew
    Cardew Posts: 29,060 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Rampant Recycler


    EDIT: just looking at the standard charge figure and I quoted (16.20) the wrong kw unit price, the price I quoted is worked out including standard charge. I actually pay 13.13 per kw I did think 50% was a big difference!!


    That is the difficulty in comparisons with a standing charge; the more you use the cheaper the cost per kWh.


    That is why I gave comparisons for average UK consumption in my post above. Without repeating the figures the lowest differential between cheapest pre-pay tariff and cheapest monthly DD tariff is 33% and it could be as high as 46%
  • undaunted
    undaunted Posts: 1,870 Forumite
    Is it control or discipline? To be fair however, I do appreciate that it's sometimes far easier to be financially disciplined if you have plenty of cash to spare than if struggling generally with all of those things
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