First Home - Energy Supplier

SavvySaver24

We are first time owners hoping to exchange within the week annd I have been doing alot of research into different enegery suppliers.

I have to say they all seem one and the same and it seems such a minefield :huh: The current supplier is N-Power and wondering if it is even worth changing? OVO Energy seems margunally cheaper but so insignificantly so I don't even know if it is worth changing.

This is only for electricity as we have oil for other bits so don't need gas.

I assume regardless we need to phone N-Power the day we move in to give them the metre reading. If we did decide to switch though do we also need to let N-Power know or do the new provider do that?

Has anyone switched to a new energy supplier and found they saved significantly?

AndyPK

What comparison site are you using.
I’m surprised what you are saying.

Their standard tarrif will be most expensive.
Go for a 1 year fix elsewhere

molerat

You must be looking in the wrong place ! The cheapest NPower tariff I could find is £157 more than I am currently paying. The cheapest fixed tariff I could find is £7 less than I am currently paying so a £164 difference with about 100 tariffs in between. Even if you restrict yourself to the big suppliers NPower do not come out well at about £80 dearer. (based on 3200 kWh annual consumption)

Robin9

SavvySaver24 wrote: »

I assume regardless we need to phone N-Power the day we move in to give them the metre reading. If we did decide to switch though do we also need to let N-Power know or do the new provider do that?

Yes you must ring nPower with the readings.

and No - when you switch the new supplier makes all the arrangements.

wavelets

SavvySaver24 wrote: »

We are first time owners hoping to exchange within the week annd I have been doing alot of research into different enegery suppliers.

I have to say they all seem one and the same and it seems such a minefield :huh: The current supplier is N-Power and wondering if it is even worth changing? OVO Energy seems margunally cheaper but so insignificantly so I don't even know if it is worth changing.

This is only for electricity as we have oil for other bits so don't need gas.

I assume regardless we need to phone N-Power the day we move in to give them the metre reading. If we did decide to switch though do we also need to let N-Power know or do the new provider do that?

Has anyone switched to a new energy supplier and found they saved significantly?

https://www.moneysavingexpert.com/utilities/you-switch-gas-electricity/

Since this offering seems to have been pulled prior to the otherwise planned closing date

https://www.moneysavingexpert.com/tips/19-09-2018/

presumably, that is 30,000 people who are anticipating saving. Not bad within just 14 days.

Not bad for MSE/MSM either, who would have trousered an estimated £0.75m for this collective after cashback payouts.:money:

Of course, if you are already on the cheapest tariff for you, you will not save by switching.
But you will not be on the the cheapest tariff until you contact nPower, even if nPower do offer the cheapest tariff for you; you will be on the supplier's most expensive tariff (usually) until you agree a different tariff.

System

Are we talking about a new build or an existing property? I ask because new builds can come with a raft of metering/database issues which can make switching difficult but not impossible. I agree with earlier posts. The word ‘saving’ is something of a misnomer: the best that you can achieve through switching is setting yourself up with a supplier/tariff which might cost you less than the do nothing option.

Smodlet

It depends where you are in the country as to which suppliers are the cheapest for you. There is no one size fits all. NPower consistently are the cheapest for me in my circumstances. Yours are probably different. You will be on their most expensive tariff unless you contact them and ask to switch to a different one, OP.

I have tried using comparison sites other than the CEC but never to any avail. Few are anything like as easy to use, imo and none tell me anything different; again, this may not be the case for you. Whatever you do, you know to take a photo of the meter the moment you get in, as you have said.

I wish you a trouble free move and happiness in your new home. Congrats! :beer: