Pre Paid Electric Meter not running out

Lex068

Gerry1 said:

Unfortunately, by switching from a credit meter to a pre-paid one, you're probably now on a tariff that's significantly more expensive, so it will be even harder to make ends meet.

Far better to read a credit meter at least weekly, do the sums and put aside the relevant amount of money to meet the bill.

What do you mean by credit meter? As in a monthly tariff? I have been thinking about it. Who would you recommend?

Gerry1

Yes, that's the usual arrangement where you are sent a bill every month paid out of a kitty that you top up every month with a direct debit.  A credit tariff is usually cheaper than a pre-payment one, just compare the price per kilowatt hour and the daily charge and you'll soon see how much more pre-payment is costing you.

Start comparing credit tariffs with Citizens Advice and 'Which? Switch', entering your annual kWh usage derived from actual meter readings a year apart. Just compare annual costs, always ignore all projections and savings claims.  Remember that separate suppliers are often cheaper than dual fuel, so do the sums for both cases.  Also have a look at the customer service ratings on Citizens Advice and the 'Add your feedback on energy supplier xxxx...' threads here on the forum: Symbio are cheap but might not be the best choice !

Neon Reef for electricity and Zog for gas might be good choices if they are near the top of the results lists.  You may even get some cashback if you look at the referrals board on MSE.

Whatever you do, read the meter(s) weekly to see whether you're using too much, and send the readings monthly.  Then check whether your DD is keeping up, otherwise you may find a fixed DD will suddenly be increased twice over, firstly to pay for the higher than expected usage and then again to claw back the arrears.

https://www.moneysavingexpert.com/utilities/lower-energy-direct-debits/#whatyoupay