We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

What am I missing here?

Hi guys

I expect this is me being dim but I've completed the Cheap Energy Club form where it asks you your current supplier (Igloo) and how many units you use per month (approx 417 for elec and 167 for gas) and when I've finished, the current tariff at the top of the comparison list states my current cost is £901/year and £75/month.

However, I shall now be paying £115 a month direct debit to igloo (up to now it's been £108.91) and I'm just £1.90 in credit...so what gives?? Is the comparison tool OK or am I missing the bleepin' obvious! :)

Thanks!

Comments

  • The_Fat_Controller
    The_Fat_Controller Posts: 2,006 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 10 September 2018 at 12:05PM
    Units on the electric meter equate to kWh

    Units on a gas meter are either in Cubic Meters or Cubic Feet.

    Be aware, if in Cubic Feet, 1 unit on the gas meter is actually 100 cubic feet.

    Check you have coverted the gas figure to kWh correctly.
  • Ahh, of course! :doh: Thank you! :kiss:
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Eighth Anniversary 1,000 Posts Name Dropper
    edited 10 September 2018 at 12:54PM
    Fl00key wrote: »
    Hi guys

    I expect this is me being dim but I've completed the Cheap Energy Club form where it asks you your current supplier (Igloo) and how many units you use per month (approx 417 for elec and 167 for gas) and when I've finished, the current tariff at the top of the comparison list states my current cost is £901/year and £75/month.

    However, I shall now be paying £115 a month direct debit to igloo (up to now it's been £108.91) and I'm just £1.90 in credit...so what gives?? Is the comparison tool OK or am I missing the bleepin' obvious! :)

    Thanks!
    i would only input the annual one calendar year consumption in kwhs for any comp site and not just a months usage. The supplier will give you this somewhere on the bill.
    i find that multiplying metric gas units by 11.2 is near enough and Imperial by 31 to convert to kwhs
    A lot of last years rates for suppliers were lower than the best current ones so the comp sites will now show the best rates in your area higher than last years. Prices have risen and will probably rise later on this year.
    I have just done a comparison from one of EDFs best tariffs from last years fix ending soon and the cheapest supplier for a fixed tariff is £100 a year more.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.