New house - Energy supplier

anon_ymous

Hey

So I'm buying a house. I've been renting where it's bills inclusive so I can't exactly take over any other form of energy price

Given the current energy market, what are my options?

The guy in the current house pays around £100 per month for both gas / electric. I do pay for my parent's bills but that's it

Verdigris

You will be put on a deemed tariff with the present supplier to the property. That will be at the SVT (standard variable tariff) which is, by far, the cheapest deal available in a very volatile market.

Review the situation nearer to October when the cap is re-set.

Gerry1

Make sure it has gas, register with the existing supplier(s) and give them your DD details, stay on the capped Standard Variable Tariff for the time being.  That's it !

anon_ymous

Verdigris said:

You will be put on a deemed tariff with the present supplier to the property. That will be at the SVT (standard variable tariff) which is, by far, the cheapest deal available in a very volatile market.

Review the situation nearer to October when the cap is re-set.

Thanks. I was worried given that the cost of the bills if I change now would far exceed rental costs!! 

Verdigris

Which supplier is the property with? There are some, notably Scottish Power, who try to bamboozle deemed tariff customers into expensive fixed deals. Don't take any nonsense from them.

Take an opening meter read(s) (also photo in case of dispute) as soon as you take over and send readings monthly after that to make sure you keep track of your consumption. Don't take any notice of what you landlord is paying, it is meaningless, as it is unlikely to be on the same tariff as you'll be on.

Robin9

'

The guy in the current house pays around £100 per month for both gas / electric.

Budget for double.   Read your meter at least monthly and keep your own records