energy advise

confusedftb

Hi All,

Exchange date is set for next week and completing after few days. So hopefully, if everything goes as planned, we will be in our home before christmas.

My current worries are on how to get the best energy deal as i know that a poor energy deal can cost alot and i do not want to be in such a situation.

after paying for the mortgage deposit, my account in £££'s from £££££'s that itself is a very uneasy feeling for me :mad: . Hopefully i will get over it when i move into the house.

Please help me with best ideas on how to find best energy deals and is it possible to get cashbacks when selecting energy suppliers?

Many many thanks in advance

Flt._Lt._Biggles

Read this in preparation for having moved in and then registered with the existing suppliers(s):
https://www.moneysavingexpert.com/utilities/you-switch-gas-electricity/

Gerry1

Make sure you read the meter when you complete and register with the energy supplier, otherwise you will be on a horrendously expensive 'deemed' tariff. There are plenty of price comparison websites but they don't have to show all suppliers, Some sites have exclusive deals, so use more than one; they often default to those that pay commission, so always opt for 'Show Me the Wider Market' or similar.

Citizens Advice and Which? are good for the whole market, and MSE's CEC is good for cashback and keeping you informed if a better deal pops up later. Ignore any savings claims, just compare annual costs. Start with dual fuel comparisons, but see whether separate suppliers work out cheaper.

If it's a new build you'll have to guess your consumption but the price comparison sites usually help you by asking the size and type of property. If it's second hand, try asking the previous owners to get an idea of the consumption (think annual kWh from actual meter readings, NOT monthly Direct Debit amounts). Above all, avoid any form of electric heating: it will bankrupt you !

Flt._Lt._Biggles

Gerry1 wrote: »

Make sure you read the meter when you complete and register with the energy supplier, otherwise you will be on a horrendously expensive 'deemed' tariff. There are plenty of price comparison websites but they don't have to show all suppliers, Some sites have exclusive deals, so use more than one; they often default to those that pay commission, so always opt for 'Show Me the Wider Market' or similar.

Citizens Advice and Which? are good for the whole market, and MSE's CEC is good for cashback and keeping you informed if a better deal pops up later. Ignore any savings claims, just compare annual costs. Start with dual fuel comparisons, but see whether separate suppliers work out cheaper.

If it's a new build you'll have to guess your consumption but the price comparison sites usually help you by asking the size and type of property. If it's second hand, try asking the previous owners to get an idea of the consumption (think annual kWh from actual meter readings, NOT monthly Direct Debit amounts). Above all, avoid any form of electric heating: it will bankrupt you !

If you are suggesting the the Ofgem accredited comparison sites are not showing all the suppliers, then neither is the CAB!
The CAB use ofgem accredited comparison service Energyhelpline, for the source of their data.

I've not bothered to check Which, as that uses ofgem accredited comparison service Energylinx as their source of information. You can get cashback with certain suppliers if you go to Energylinx (via a cashback link). No cashback from Which - they trouser it all for themselves after deducting whatever Energylinx charge them for the service they are provided by them.

Perhaps you could clarify what supplier you believe is listed by Which, that is not listed by Energylinx?

The link I gave above also has cashback opportunities unique to MSE for other ofgem accredited comparison sites (including eneregyhelpline!). It also lists other sources of possibly even higher cashback

Electrical heating, bearing in mind it is typically almost 100% efficient, and using low cost electricity such as that available from E7 may not be that expensive if a suitable supplier/tariff is chosen. If that were not the case, there wouild be so many bankrupts in this country, including all those who live in high rise apartment blocks.

Please refrain from posting incorrect and unnecessarily alarming posts; they do not assist anyone.

Gerry1

Flt._Lt._Biggles wrote: »

If you are suggesting the the Ofgem accredited comparison sites are not showing all the suppliers, then neither is the CAB!

Not sure what point you're trying to make. What's 'the CAB'? Did you mean Citizens Advice ?

In its wisdom Ofgem has ruled that comparison sites don't have to show all suppliers, but if they don't then they must provide a link to the Citizens Advice site, which clearly states that "We compare all UK suppliers". No doubt you will list all the suppliers which you think Citizens Advice omits.

Flt._Lt._Biggles wrote: »

Perhaps you could clarify what supplier you believe is listed by Which, that is not listed by Energylinx?

I haven't said anything of the sort.

Flt._Lt._Biggles wrote: »

Electrical heating, bearing in mind it is typically almost 100% efficient, and using low cost electricity such as that available from E7 may not be that expensive if a suitable supplier/tariff is chosen.

Electrical heating is far from 100% efficient when the whole supply chain from the power station to the home is considered: there are significant losses in the conversion process at the power station and in the distribution network. Here are some guides to the costs of different fuels. Electricity is NOT shown as competitive !

https://nottenergy.com/resources/energy-cost-comparison
https://www.confusedaboutenergy.co.uk/index.php/domestic-fuels/fuel-prices
https://www.energysavingtrust.org.uk/about-us/our-calculations

Flt._Lt._Biggles wrote: »

Please refrain from posting incorrect and unnecessarily alarming posts; they do not assist anyone.

Nothing in my post was incorrect, nor was anything unnecessarily alarming. I await your apologies...

confusedftb

thank you for the above information. i am making notes.

i have just found out that the property has got prepaid meters and there is no debt on it. both electric and gas are from e.on.

what should i do now?

Flt._Lt._Biggles

Duplicate thread:
https://forums.moneysavingexpert.com/discussion/6080524/energy-advise

confusedftb wrote: »

thank you for the above information. i am making notes.

i have just found out that the property has got prepaid meters and there is no debt on it. both electric and gas are from e.on.

what should i do now?

Follow the advice I provided you in post#2 above.

Gerry1

confusedftb wrote: »

thank you for the above information. i am making notes.

i have just found out that the property has got prepaid meters and there is no debt on it. both electric and gas are from e.on.

what should i do now?

Switch to a credit meter, then as post 3. Take at least monthly meter readings to get a better idea of your usage and register with the CEC to see whether cheaper deals become available