Looking to swtich using the energy club

edited 30 November -1 at 1:00AM in Energy
2 replies 451 views
Redaspen85Redaspen85 Forumite
8 Posts
edited 30 November -1 at 1:00AM in Energy
Hello,

I'm wondering if someone can give me advice as very new to all this and a bit confused.

We are with British Gas dual fuel, gas and electricity, We got a smart meter installed the end of January and we pay our bills by direct debit.
They have recently increased our direct debit to approx 60 a month for gas and 80 for electricity when they were doing their reviews, which I find quite high. However at the moment it says we have 193 in credit in our gas account and 27 in debit in our electricity. The direct debit should go out in the next few days.

Looking to switch to save us some money? However, will we have a balance to pay since we pay a set amount each month?
I know time is ticking to switch for the big 6 with the energy club, so just looking for any helpful tips and advice please?

Many thanks,

Replies

  • SystemSystem Forumite
    177.9K Posts
    10,000 Posts Name Dropper
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    Redaspen85 wrote: »
    Hello,

    I'm wondering if someone can give me advice as very new to all this and a bit confused.

    We are with British Gas dual fuel, gas and electricity, We got a smart meter installed the end of January and we pay our bills by direct debit.
    They have recently increased our direct debit to approx 60 a month for gas and 80 for electricity when they were doing their reviews, which I find quite high. However at the moment it says we have 193 in credit in our gas account and 27 in debit in our electricity. The direct debit should go out in the next few days.

    Looking to switch to save us some money? However, will we have a balance to pay since we pay a set amount each month?
    I know time is ticking to switch for the big 6 with the energy club, so just looking for any helpful tips and advice please?

    Many thanks,

    Hi - welcome to the forum. Ignore your DD amounts. They may, or may not, be indicative of your usage. To do a meaningful cost comparison on any of the Ofgem-accredited PCWs, you need to determine how much energy that you use in a year in kWhs not £s. You then enter these figures into MSE CEC or A N Other comparison site. For example, I look at two bills about a year apart. It is important that you use ACTUAL rather than estimated meter readings for this calculation.

    I like MSE CEC as it shows me my present annual cost and then it shows the annual cost of all the available tariffs. This is a more meaningful comparison than sites that only show Ofgem's method - which can show savings that do not exist.

    Bear in mind that if you switch away from BG, then your smart meter will lose its connection to the supplier: in other words, you will have to start reading it again.
  • footyguyfootyguy Forumite
    4.2K Posts
    Redaspen85 wrote: »
    Hello,

    I'm wondering if someone can give me advice as very new to all this and a bit confused.

    We are with British Gas dual fuel, gas and electricity, We got a smart meter installed the end of January and we pay our bills by direct debit.
    They have recently increased our direct debit to approx 60 a month for gas and 80 for electricity when they were doing their reviews, which I find quite high. However at the moment it says we have 193 in credit in our gas account and 27 in debit in our electricity. The direct debit should go out in the next few days.

    Looking to switch to save us some money? However, will we have a balance to pay since we pay a set amount each month?
    I know time is ticking to switch for the big 6 with the energy club, so just looking for any helpful tips and advice please?

    Many thanks,

    I'm not quite clear what you are really seeking advice about.

    Consult a comparison site to find the best deal(s) for you - consider seperate suppliers as that often save you even more money.

    If that results in a switch of supplier, then you wasted your time getting those smart meters.
    If you switch supplier, then you will get a final bill from the old supplier. Any balance will need to be paid/refunded as appropriate.

    If you are sticking with BG, I'm not sure if you think the change in Direct Debit is fair. If you don't, then this MSE article explains more
    http://www.moneysavingexpert.com/utilities/lower-energy-direct-debits
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