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Avro to octopus

stedwell
stedwell Posts: 337 Forumite
Part of the Furniture 100 Posts Combo Breaker Mortgage-free Glee!
Hi I was an Avro customer who transferred to Octopus. I have submitted 3 readings since then and my recent statement tells me I am £8.23 in credit.
However this is my new quote which seems to be based on estimated annual usage. Currently I pay 1,356 a year which I know is low but I am not in debt....
Can anyone help me understand what is happening here? Many thanks

Comments

  • MWT
    MWT Posts: 10,298 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    That looks like a fixed rate quote probably the 'Loyal' tariff.
    If you have a good idea what your actual annual use is, then use the rates quoted there to do your own calculation on your annual cost.
    The Standard Variable tariff will be cheaper than that up to October though, so you can stay on that, you don't have to fix if you don't want to....
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