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all electric
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Moving to a flat which is all electric,anyone any ideas on best tariff ? dont know where to start as i've always been duel fuel up till now?
Ask the previous occupiers for a copy of their annual energy statement.
It will give you an idea of what they used and you can then use those figures to put into a comparison site.
If they won't give you the figures then look at your EPC which should state how much energy is required per square metre per year. You can use those figures too.
You will need to know if the property has E7 or has on demand electric heating. E7 is much cheaper. Using electric heating on the day rate of an E7 tariff is significantly more expensive and best to be avoided at all costs.
There are tariffs suitable for electric heating such as convector and oil filled radiators which isn't too expensive.
If you need to estimate day/night usage then go for 50%.
Don't get a tariff which has an exit fee as after a few months you'll some real usage figures and might want to switch again.
If the property has E10 there's not much you can do. There's no competition with that tariff and almost all suppliers charge about the same.:footie:Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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Moving to a flat which is all electric,anyone any ideas on best tariff ? dont know where to start as i've always been duel fuel up till now?
There isn't a universal best tariff - if there were we'd all be on it and there would be no need for comparison sites.
As it is, comparison sites do exist, so I suggest you consult one or more of these to find the best deal for you0 -
The process is exactly the same, except you specify 'no gas' on the comp site. If the property has E7 metering, you'll need to estimate the proportion used on day and night rate.
And if it doesn't, be prepared for much bigger bills compared to dual fuel, as you'll be paying about 3 times more per kWh.
Remember that you will be in a deemed tariff with the existing providers initially.No free lunch, and no free laptop0
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