Moved house - Fuel Dillemma

KP24

Hi all,

I moved into my new property in August last year. Gas is supplied by BG and Electricity by EON. Gave the opening meter reads and decided to stay with their tarriffs.

For BG, i was put on their standard tarriff. And, due to the very long winter we've had, and the low monthly payments i agreed to, i am now in a debit of about £300.

I can switch provider but if i do, i will need to pay the £300 (or it might be slightly lower as i haven't used the heating much recently so will be reflected in my final meter reading). The alternative (which BG themselves suggested), is to stick it out until August/September, at which point i will have given more readings, it will have been summer, meaning my overall 'exit cost' will likely be lower.

At the moment, my monthly payments for gas are £60 and electricity is around £25. Putting my usage into comparison sites, i can get a dual fuel deal for around £60 a month.

Do i just bite the bullet, leave BG and EON now, pay the fees and start afresh with a single duel fuel provider? Or stick it out and do as BG suggested??

Any help is much appreciated!

Thanks in advance

D_M_E

You are paying over the odds by being on the standard tariff.

Pay off the arrears and SWITCH NOW and get off the expensive standard tariff - being on the ST means you can switchy without penalty.

Robin9

KP24 wrote: »

Do i just bite the bullet, leave BG and EON now, pay the fees and start afresh with a single duel fuel provider?

You've got a good idea now ow your annual consumption - your gas will drop dramatically over the next few months, your electric less so - and use a comparison site to see if separate suppliers is a better option.

macman

Of course BG will suggest you stay on their SVT-it's the most expensive. You will need to clear any debt if you switch supplier. At the very least, switch to a cheaper BG tariff.

Former_E.ON_Company_Representative:_Malc

KP24 wrote: »

Hi all,

I moved into my new property in August last year. Gas is supplied by BG and Electricity by EON. Gave the opening meter reads and decided to stay with their tarriffs.

For BG, i was put on their standard tarriff. And, due to the very long winter we've had, and the low monthly payments i agreed to, i am now in a debit of about £300.

I can switch provider but if i do, i will need to pay the £300 (or it might be slightly lower as i haven't used the heating much recently so will be reflected in my final meter reading). The alternative (which BG themselves suggested), is to stick it out until August/September, at which point i will have given more readings, it will have been summer, meaning my overall 'exit cost' will likely be lower.

At the moment, my monthly payments for gas are £60 and electricity is around £25. Putting my usage into comparison sites, i can get a dual fuel deal for around £60 a month.

Do i just bite the bullet, leave BG and EON now, pay the fees and start afresh with a single duel fuel provider? Or stick it out and do as BG suggested??

Any help is much appreciated!

Thanks in advance

Hello KP24.

What electricity tariff are you on with us? If you're on our standard tariff - Energy Plan - there are no exit fees leaving you free to change supplier without penalty. If you signed up to a Fixed Tariff last August, some have exit fees for changing supplier outside of the renewal period but some don't.

Once you enter the renewal period or Price Protection window, any exit fees no longer apply. Also, provided the new supplier contacts us to take over during this window, we'll keep you on the cheaper prices whilst the switch goes through even if this is after the contract ends. The Price Protection window is open 49 calendar days before the tariff end date until 20 working days after.

Hope this is of interest KP24. Let me know if you need any more information as happy to help.

Malc