Storage heating best tariffs in London

skyjack

Bark01 wrote: »

1) Your historical consumption bears little relevance once you move into a new flat.
2) You used to have an economy 7 meter with day and night rates , you now have a different meter that has 2 MPANs. Ask your supplier what metering set up you have, the times each register of each mpan apply and the name of your tariff, then we might be able to help more.

The day and night rates for economy 7 can be used for general electricity or heating i.e you can have your heating on during the day if you wish.

Typical 2 MPAN tariffs have a day and a night rate on 1 MPAN that is for general electricity only and then a heating rate on the other MAPN that can be only used for Heating. Basically your house will have 2 separate electrical circuits one for general electricity and one for heating.

There are various types of 2 MPAN meters, but in general each type is only offered by a single supplier so you probably won’t be able to switch supplier.

You can ask for a meter exchange to an economy 7 but this will require rewiring the supply point in your house so it runs from a single circuit rather than 2. The supplier won’t sort this out, if you want to down this route you will have to do it at your own expense.

There is an alternative known as a Totaliser. Some suppliers allow you to totalise onto a standard tariff this means they will add up the total consumption of all your MPANs and bill the total at a single rate. If your allowed to do this, you can swap to one of your current suppliers standard metered tariffs. However you will lose the benefit of having a cheap rate for your heating. This will still not enable you to swap to another supplier though.

If your current supplier does not currently allow Totalisers they will soon have to as the CMA have addressed the exact situation you are in as a barrier to switching. There are no timelines or any actual licence conditions to back up the CMA concerns, but they mention this issue specifically. I’d expect it to become law in under a year.

I think your best course of action would be to run with the current metering set up for a while and see if it actually works for you. As others have pointed out sometimes this type of set up can work out cheaper.

You are a star, thank you very much.
I will now investigate which supplier and tariff I am using at the moment as I have not been informed by my landlord.

I will keep posting as soon as I have more information.

Cheers

Giacomo

footyguy

Best of luck if you are not currently supplied by EDF.