I switch regularly, yet just saved £300!

NorthantsPete81

I dont believe it, all this time ive used dual fuel, for ease mainly.
Today went through the actual figures, cost of gas and elect seperately and got seperate quotes - £300 saving! £500 in 12 months from switching around!


Watch out for - up front costs, fuel purchased in advance to keep cost down, daily charge (i think this should be illegal or standardised btw as it adds confusion)


So,

IVe gone to individual suppliers of gas and electric - try it!

UnclaimedEnergy

Standing Charge is there because there's a lot of costs that suppliers would have to still pay for a connection with 0 consumption.

Suppliers don't need to offer a standing charge and Ebico have a tariff which doesn't, however the unit rates on this tariff are the highest on the market because of this.

Apart from that... the advice to not have a duel fuel set up is quite sound.

elsien

I did look at individual suppliers this time round but in my case the saving was so small between the two that it wasn't worth the hassle of keeping track of two different accounts.

JJ_Egan

Many on here have been doing what the OP suggests for years see multiple posts .

Talldave

NorthantsPete81 wrote: »

I dont believe it, all this time ive used dual fuel, for ease mainly.
Today went through the actual figures, cost of gas and elect seperately and got seperate quotes - £300 saving! £500 in 12 months from switching around!


Watch out for - up front costs, fuel purchased in advance to keep cost down, daily charge (i think this should be illegal or standardised btw as it adds confusion)


So,

IVe gone to individual suppliers of gas and electric - try it!

Wouldn't it be great if there were websites that you could enter you consumption figures into and they'd tell you which combination of suppliers would give you the greatest savings?

Gerry1

Talldave wrote: »

Wouldn't it be great if there were websites that you could enter you consumption figures into and they'd tell you which combination of suppliers would give you the greatest savings?

And also tell you whether a single tariff was better than staying on E7.

PixelPound

UnclaimedEnergy wrote: »

Standing Charge is there because there's a lot of costs that suppliers would have to still pay for a connection with 0 consumption.

Suppliers don't need to offer a standing charge and Ebico have a tariff which doesn't, however the unit rates on this tariff are the highest on the market because of this.

Apart from that... the advice to not have a duel fuel set up is quite sound.

I suppose it's because standing charge is touted at needed to cover the costs of infrastructure etc, yet in reality it is just another element like unit costs that can be changed when settings a tariff. The costs have to be covered, so those with lower standing charge have higher unit rates to compensate.

It is obviously why what tariff suits one person may not suit another. You would think though in a time of trying to get people to reduce energy they would put a cap on standing charges as energy saving is going to be less of a concern if you have cheap unit prices.

PasturesNew

I never bothered to switch as I used so little that the projected savings didn't seem to be worth the risk of it going awfully wrong.

My annual spend, electricity/gas, on full rate with British Gas was £40/month.

I don't live in a house at the moment, but maybe choosing one will be on my To Do list at the next home I own.

brewerdave

I've actually gone the other way recently - separate suppliers back to dual fuel - because it actually saved me ~ £60pa.
If the OP really saved another £300pa he is either a profligate user of energy ...or he was on an awful dual fuel deal!

NorthantsPete81

another tip, use the comparisons, but check the boxes to ensure you check for deals that are not switchable via the website you're using


I then went direct to the supplier and signed up - thats a comparison site i trust, one that doesnt always profit


For me it was https://www.energyhelpline.com - I am no way affiliated, but tried ALL other comparison sites deemed credible by one of the regulators and they all came back very similar bar this one


I just signed to Sybio and Utility point for those interested - really good rate son both unbeaten by all other comparison sites.

Joe9090

If you had used this link https://www.energyhelpline.com/cashback you would have got £34 cashback!