New home owner and looking for an energy company.

mark1231

Hi all,
First time posting. I'm a new home owner and i've been looking online to try and get a good deal. Being a new home owner i have no idea of my usage of gas and electric. I'm a single person living in a 2 bedroom house.

I've been looking at e-on and there march 2021 deal . The standing charge is 5.25p for both energy sources. Doing the math for each company and just doing a rough figure of 8000kwh for gas and 2000 kwh for electricity , e-on still comes out cheaper. This was comparing it to companies such as SG/GNE and Octopus. There unit prices are slightly higher but i can't see anything wrong with it.

I've read alot of reviews about each company and i know no company is perfect.

Would i be stupid not to go with them? Any feedback would be great thanks.

brewerdave

Who are you currently with ?? 

mark1231

brewerdave said:

Who are you currently with ?? 

I'm currently with npower only because the previous owner of the house was with npower. My understanding is you sign up with them and then move over. I'm on a temp contract so its expensive and want to move fast.

I've only had the house since the 6th of march, i've not moved in yet due to work commitments .

Robin9

Typical consumption - 3000kWH for Elec; 10000 kWh for Gas

Put these into a comparison site eg CAB or Which - other sites are available) and see what comes up - forget the savings quoted just look at the bottom line. 

JJ_Egan

Bottom Line unit costs  standing charges    bonus any kickback .

Gerry1

Enter your assumptions into Citizens Advice and Switch with Which?.

Until you know your consumption you may wish to go with variable tariffs or those with no exit fees, especially as gas prices are likely to fall.  Keep checking at least monthly, and send monthly meter readings.

You could try seeing whether the CEC would give cashback, but it's unlikely with the cheaper suppliers.

mark1231

Robin9 said:

Typical consumption - 3000kWH for Elec; 10000 kWh for Gas

Put these into a comparison site eg CAB or Which - other sites are available) and see what comes up - forget the savings quoted just look at the bottom line. 

Do you mean the bottom line as in units/standing charge? I know the estimated price that they quote won't be what i pay as i'm expecting it to be higher. I'm thinking maybe i'm over analysing this too much and its probably more straight forward.

mark1231

JJ_Egan said:

Bottom Line unit costs  standing charges    bonus any kickback .

i'm looking for the lowest in both categories? 

Gerry1

mark1231 said:

JJ_Egan said:

Bottom Line unit costs  standing charges    bonus any kickback .

i'm looking for the lowest in both categories? 

No, you should be looking for the lowest annual cost.  The one with the lowest standing charge won't have the lowest p/kWh, and vice versa.

dinora

           

Gerry1

If you haven't already done so you need to register npower and give them a meter reading PDQ, otherwise you'll be on a rip-off 'deemed' tariff.  Make sure you give monthly meter readings and keep a note of them.  Remember that separate suppliers may be cheaper than dual fuel.  Always ignore all claimed savings, just compare annual costs (and ignore monthly DD amounts).