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Tariffs

reggieq
reggieq Posts: 24 Forumite
I am thinking of joining the group energy switch bu would like to know the exact charges per kilowatt hour of gas and electricity plus the standing charges so that I can make a comparison with what I am paying. I was shocked that when I went on the MSE to compare they calculated the potential saving assuming that I would go on to my supplier's standard tariff at the end of my fixed term.(end of March)..this would absolutely not be the case...I would go on to a much better fixed tariff.....I expect better of MSE.
Reggieq

Comments

  • All you have to do is select the option based on your current costs...
    Its quite easy
  • Bark01
    Bark01 Posts: 892 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    The saving methodology used by MSE is regulated by OFGEM. MSE aren't doing it by choice. Its the same one you will see on your bill, which ever supplier you choose.

    Don't blame MSE.
  • CashStrapped
    CashStrapped Posts: 1,302 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 12 February 2016 at 4:47PM
    The amount you may or may not save is arbitrary anyway. It is only based on the usage vaulues that you enter to compare with. So if we have a very cold winter next year, you won't "save" any money.

    It is the cheapest tariff that comes up which you should be looking at regardless of the saving amount. Specifically the pence per KWH.

    If you really want to see savings based on your current tariff only (for what it is worth) then there should be an option on there. If you cant see it, try energyhelpline.com. On the results page look for the sentance in red and this will allow you to choose savings based on your current tariff only.
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    reggieq wrote: »
    I am thinking of joining the group energy switch bu would like to know the exact charges per kilowatt hour of gas and electricity plus the standing charges so that I can make a comparison with what I am paying. I was shocked that when I went on the MSE to compare they calculated the potential saving assuming that I would go on to my supplier's standard tariff at the end of my fixed term.
    Ignore the 'group switch', just check for the best deal; this will depend on your usage and, in my case, it has never ever been the 'group switch'.

    For each tariff, the unit and standing costs are shown in detail.

    As rockin_plumber says, you can select to make the comparison with your current rate instead of the standard tariff, but that doesn't matter too much when you know your current annual cost and can see the annual costs of current tariffs.
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