Energy: Find the cheapest supplier & earn cashback

Dangle

Well, my energy bill will be rising more than most, as I've just been checking back through old bills to see how much leccy we use in a year and discovered I've been miss (under) billed for over a year :mad:

JimmyTheWig

Dangle wrote: »

Well, my energy bill will be rising more than most, as I've just been checking back through old bills to see how much leccy we use in a year and discovered I've been miss (under) billed for over a year :mad:

Phone them with a reading now.
Make sure that the extra usage gets put on your bill for the time when the prices were low.

Admittedly it should all work out correctly regardless, but how much do you trust them?

ka7e

I was worried I had missed the boat on capped tariffs, so checked with 4 different comparison sites. I have entered my current tariff (npower Online 8, standard billing) and the cheapest available capped tariff (e-on capped til Oct 09) works out at a whopping 54% higher than I currently pay!

EDF is 84% more and BG 2011 is 87%.

So I guess I'll be sitting tight and piling on the woolies this winter!

Charzie_2

Hi there,

I'm getting very confused by this price capping deal, and am probably being very stupid!

When getting a comparrison, the results are all coming up as negative figures.. thus indicating I would be paying a lot more for my Gas & Electric if I switch.

I know it's probably very unlikely that the comparison sites are able to take into account any future rises, so should I still switch regardless of the negative figures?

Thanks Folks.

irrelevant

Charzie wrote: »

When getting a comparrison, the results are all coming up as negative figures.. thus indicating I would be paying a lot more for my Gas & Electric if I switch.

Yes, capped tarrifs always start out more expensive than the standard tarrifs. You have to judge will the extra cost be less than what you would pay should your current suplier raise their prices.

The comparison sites can only quote your next years consumption based on current prices.

It's basically a gamble.. but looks like a good bet for a lot of poeple at the moment.

mikcee

as a sinlge person in a small flat my annual spend is only around £200 combined gas and electric (includes £80 dual fuel direct debit discount)
from what i can tell, i'd be paying a lot more initially and maybe not recoup that in the long term.
anyone done the math or can advise?
thanks

pemicx

I was on EDF's Online Dual Fuel V3 and hastily followed martin's advice yesterday, switching to a capped deal. uSwitch now tells me it's the Eon energy saver capped is still over £400 more expensive! Problem is, I'm not sure the EDF prices it gives are up-to-date, my last gas bill had 3.796/2.394p unit prices, USwitch shows 3.986p/ 2.514 - I'm not hot on maths, but that's no way a 22% rise.

The Eon capped prices are 5.314p/ 3.387p - so even if I increased my last gas bill prices by 22%, EDF would still be cheaper than the Eon capped price. I think it'd take a further 15% EDF rise in the winter for it to overtake the Eon fixed price. Should I have stayed with EDF or is the cap likely to be cheaper? Can I cancel my switch?!

Charzie_2

irrelevant wrote: »

Yes, capped tarrifs always start out more expensive than the standard tarrifs. You have to judge will the extra cost be less than what you would pay should your current suplier raise their prices.

The comparison sites can only quote your next years consumption based on current prices.

It's basically a gamble.. but looks like a good bet for a lot of poeple at the moment.

Thanks, I'm going to get back to the calculator, I've managed to work out that capped rates are probably 10 - 15% more than standard rates, so based on an increase of 20%, I should be about £200 a year better off...That's if the guessed increase is right!:eek:

spam55

Hi If you switch to a cheaper supplier not a capped offer (approx 15% higher),but then put the difference into a high interest account,this will then accrue compound intrest.surely this would benefit you .not the utility companying .I hate letting them have my money in advance

roverill

hello,
a few days back npower TV ads gave a web URL which existing npower customers could visit to get a price cap until spring 2009 (I think).
I wasn't able to to write it down at the time. Does anybody know that URL? - it doesn't seem to be linked from npower's homepage.
cheers, roverill