Electric Meter

RyRob96

Hi All,

I am 25 years old and around a year ago I brought a property up in Cumbria. The property has a pay as you go meter. I want to change this but I’m getting really confused as I’m all new to all this.

The pay as you go meter is with British Gas, question I have is. Do I have to use them to remove the meter? Or can I use a comparison for a energy company and they remove? And I will have a contract with them.

The property is going to be a Serviced Accommodation on Air BnB ect.. so will make no sense having to pay as you go meter.

any advice or guidance is greatly received. 

Ryan 

Verdigris

I pretty sure you'll have to get BG to change it. They'll be very pleased to put a smart meter in. Just tell them you won't want it set up for pre-payment. You'll have to pay any residual debt, if any, on the old meter. What tariff they'll then put you on is anybody's guess. They won't be keen to put you on the SVT as they'll be losing money on it.

Keep_pedalling

Would this not be classed as a business premises therefore have to go on a non capped business tariff?

Verdigris

I wondered about that.

Mister_G

In fact, I wonder how many Air BnBs have remained on a domestic tariff? 

RyRob96

That’s one way of confusing it more lol What’s the difference between the two? 

Verdigris

Business tariffs aren't capped.

Ectophile

RyRob96 said:

That’s one way of confusing it more lol What’s the difference between the two? 

Domestic rates are subject to Ofgem's price cap.  Business ones aren't.

Domestic contracts must be fair, under consumer protection law.  With a business contract, you are assumed to have read and agreed to every word of the contract.

Mister_G

RyRob96 said:

That’s one way of confusing it more lol What’s the difference between the two? 

And often business rates can be twice the domestic rate!

Carrot007

Mister_G said:

RyRob96 said:

That’s one way of confusing it more lol What’s the difference between the two? 

And often business rates can be twice the domestic rate!

Indeed.

And to get a decent rate you will be looking at a 5 year deal (at least).