Monthly "Pay What You Owe"

BigUn

Hi,

We're not MSE speak savvy really but have been on the old British Gas collective switch having been previously long time BG customers. We provide our own monthly meter reading and we pay in full what we owe according to these readings via variable Direct Debit. We like this setup but now find ourselves in "Standard Variable Rate Tariff" territory with good deals from BG sorely absent.

Is our only option if we want to keep paying in full every month with no estimated bill to stay as we are?

Sorry if the question has been asked and answered before, I find the search function on this forum returns way too many hits to trawl through, so any help would be great please!

Thanks!

footyguy

BigUn wrote: »

Hi,

We're not MSE speak savvy really but have been on the old British Gas collective switch having been previously long time BG customers. We provide our own monthly meter reading and we pay in full what we owe according to these readings via variable Direct Debit. We like this setup but now find ourselves in "Standard Variable Rate Tariff" territory with good deals from BG sorely absent.

Is our only option if we want to keep paying in full every month with no estimated bill to stay as we are?

Sorry if the question has been asked and answered before, I find the search function on this forum returns way too many hits to trawl through, so any help would be great please!

Thanks!

Not many suppliers will offer this type of payment due to the effort and expense involved in doing so.
(and relying on you supplying meter redaings every month so they can bill you based on those)

If you want to pay on receipt of bill, most suppliers offer who offer this do so on a quarterly basis

You do realise that paying this way will be expensive. The lowest tariffs are usually those that request you to pay monthly by direct debit (where the monthly amount is fixed as 1/12th of the anticipated annual cost)

BigUn

Just changing tariffs with BG compared quite well with the best deals out there over the 4 years we've been doing it, when we did the MSE collective switch (Switch Event 4) it stayed monthly pay as you go but with the collective tariff rate.

We will likely stay this way until BG offers something more competitive, we like it that much.

firefox1956

I am with First Utility & pay my bills like you do.
Give them my readings & pay in full every moth by variable Direct Debit.
HTH

BigUn

Thankyou firefox, that has opened up our options, perfect!

[Deleted User]

@BigUn
If you use the Citizens Advice Bureau price comparison site, you can ask it to only show tariffs where you pay on receipt of a bill
https://energycompare.citizensadvice.org.uk/