Energy Switching Confused

DawnCrush

penfoldno1 wrote: »

That’s the email I got from GB energy. 1662kwh.

£35 being high or low?

I thought you said you were with the Co-op? :huh:

What does the CEC indicate for that supplier & tariff?

penfoldno1

https://ibb.co/g7r38JW
https://ibb.co/YZ3Thqr


See pics

penfoldno1

GB energy is part of the coop

Robin9

You DD is £43 at the moment not £35

For the summer quarter you gave you bill was £119 and you had credit of £129 ie you you are marginally in credit. For this period in time you should be way over paying to build up a big credit ready for winter.

penfoldno1

Robin,

Is it worth switching to Yorkshire energy?

Many thanks

DawnCrush

penfoldno1 wrote: »

https://ibb.co/g7r38JW

This says, based on your current tariff, you would be charged:
£373 pa for gas
£480 pa for electric

I make that a total of £853 pa
(so you should be paying on average £71pcm, ignoring any credit you have accrued on your account)

You can save £175 pa moving to an alternative tariff

So that would be £683pa

What would you prefer to pay? £683pa or £629pa?

penfoldno1

I don’t understand the higher direct debit?

RelievedSheff

penfoldno1 wrote: »

I don’t understand the higher direct debit?

Essentially you are not paying enough to cover your annual useage and will be in debit by the end of the winter.

DawnCrush

penfoldno1 wrote: »

I don’t understand the higher direct debit?

You don't really need to.

Payments by direct debit are simply added to your account as you see to assist paying your bill. You will still end up paying what you are billed.

If you are going to spend £853 pa, on energy, and pay £71pcm, that will hopefully cover your bill.
If you only pay £43 pcm, then you will only credit £516 to your account to put towards the £853 annual bill, leaving you a shortfall of £337 still to pay.

penfoldno1

So Yorkshire is definitely the best.