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How much do you put on your electric per week
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That meter must be a very new install, it's only logged 277 kWh since new?
OP is using about 26% on night rate, which is not unusual given that the NSH's will be off at this time of year.No free lunch, and no free laptop
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MWT said:
All amounts the customer sees on a pre-pay meter should include VAT.Gerry1 said:... VAT is presumably another 5% on top. That's daylight robbery !Duly corrected, many thanks.Must be fun when the VAT rate changes if it's not an operational smart meter, presumably the next key top up will reprogramme it?1 -
Yeah they meet only got installed the 31th of July1
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OP, if you post the first part only of your postcode, then someone can possibly help you to find a cheaper E7 tariff. It's presumed that you have night storage heaters and an immersion heater running on E7? No other form of heating?No free lunch, and no free laptop
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Surely the meter has no concept of VAT? It just charges a unit rate. The unit rate must change more frequently tgan VAT but the result is same, new unit rate needs loading into the meter.Gerry1 said:MWT said:
All amounts the customer sees on a pre-pay meter should include VAT.Gerry1 said:... VAT is presumably another 5% on top. That's daylight robbery !Duly corrected, many thanks.Must be fun when the VAT rate changes if it's not an operational smart meter, presumably the next key top up will reprogramme it?0 -
OP, you say you are putting £50 a fortnight onto the meter, which is £100pm. But you said that you 'can't afford a credit meter'. If you are already spending £100pm, how much were you quoted pm for a credit tariff? It shouldn't be more than you are currently spending, and should be much less. Or is it that you applied for a credit meter but failed the credit check maybe? We need a bit more detail from you. Since you have a brand new meter, it is presumably a smart meter, so it should be possible for the provider to switch that over to credit mode-so a further meter install should not be necessary. Then you can use a much cheaper fixed tariff.
If however you insist on staying on a PPM, then the cheapest current tariff (variable) that I can see for my region is Bulb Energy's Varifair, rates as follows:
Day: 16.081p per kWh.
Night: 7.109 per kWh.
Standing Charge: 25.908p per day.
All include VAT.
The big difference on that is the much cheaper night rate: so the saving will become apparent as soon as you start using your NSH's in the autumn. If you want to benefit from this then you need to commence a switch straight away, as it will take 3 to 5 weeks to switch-so late September to early October.
However, I would emphasise that by far the biggest saving to be made will be by going back to a credit meter.
No free lunch, and no free laptop
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Exactly, a VAT change is just like any other rate change and fortunately these days it doesn't require a physical visit like the old coin meters...Talldave said:Surely the meter has no concept of VAT? It just charges a unit rate. The unit rate must change more frequently tgan VAT but the result is same, new unit rate needs loading into the meter.
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The OP states that they were on a credit tariff that was unaffordable, but switched to a PPM (which has dreadful rates).macman said:Or is it that you applied for a credit meter but failed the credit check maybe?
If however you insist on staying on a PPM, then the cheapest current tariff (variable) that I can see for my region is Bulb Energy's Varifair
We don't know the OP's annual consumption, so it's not possible to say which credit tariff would be the cheapest. It's almost certainly not Bulb (did you do a Whole Market search?).0
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