Electric Supplier to switch or not

in N. Ireland
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verelyverely Forumite
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Thinking out loud here and looking a second opinion

Currently with SSE they have offered me as an existing customer a 15% discount so Unit Rate pence/kWh 20p   im currently 21.07p

next cheapest supplier is Electric Ireland at 22.81p but with £40 discount upon switching to them.

Im a light user so switching to electric ireland only saves £5-10 a year or so .

But if i switch now in  a years time i can switch back to SSE and avail of a 20% discount and they are usualy the cheapest per kwh .

The variables are
the price increases may be more on electric ireland  this year ?
Who knows what deals will be available this time next year with SSE but i would guess cheaper ?

anyone else in a similar boat or any thoughts?

Replies

  • TickedTicked Forumite
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    Currently 21.76p per kw hour with power NI. Never has been worth switching for little or no saving, just leaves the door open to be messed around. Been there, done that and it wasn’t worth the hassle. Better the devil you know.
  • MalMonroeMalMonroe Forumite
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    I watched Martin on TV the other night - Tuesday I think it was - and when asked about switching energy companies, he was at a complete loss. In fact, his face said it all! Normally he has an answer. This time, none.  Someone on the programme was saying that their standing charges had been increased and I think that's something that some people tend to overlook when they're looking at the cost of energy.

    Sadly Martin honestly doesn't have a clue and said he couldn't advise anyone right now. It's a strange situation for him as well as for everyone else.

    So I do agree with Ticked, above. Better the devil you know for the time being. I've been with Octopus for about 18 months and will just stick with them although, of course, prices have risen. We are all going to have to pay more and there's no way out at the moment.
    Please note that comments are strictly my own opinion, intended to help - never hinder. If they do not help then please ignore as the intention of the forum is to help everyone, if possible. MSE forum rules clearly state "no two people have the same circumstances or experiences and it is up to you to investigate, check and check again before you make any decisions or take any action based on information you glean from our community. Remember, don't rely on what you are reading. Verify it and protect yourself. You are responsible for any action you consequently make." It's always best to verify everything. Inappropriate comments will be reported, as per the Forum rules.
  • MnoeeMnoee Forumite
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    MalMonroe said:
    I watched Martin on TV the other night - Tuesday I think it was - and when asked about switching energy companies, he was at a complete loss. In fact, his face said it all! Normally he has an answer. This time, none.  Someone on the programme was saying that their standing charges had been increased and I think that's something that some people tend to overlook when they're looking at the cost of energy.

    Sadly Martin honestly doesn't have a clue and said he couldn't advise anyone right now. It's a strange situation for him as well as for everyone else.

    So I do agree with Ticked, above. Better the devil you know for the time being. I've been with Octopus for about 18 months and will just stick with them although, of course, prices have risen. We are all going to have to pay more and there's no way out at the moment.
    The three main providers don't have a standing charge. There's five providers total to pick from. The situation here is very different to the rest of the UK. 
  • ballyblackballyblack Forumite
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    MalMonroe said:
    I watched Martin on TV the other night - Tuesday I think it was - and when asked about switching energy companies, he was at a complete loss. In fact, his face said it all! Normally he has an answer. This time, none.  Someone on the programme was saying that their standing charges had been increased and I think that's something that some people tend to overlook when they're looking at the cost of energy.

    Sadly Martin honestly doesn't have a clue and said he couldn't advise anyone right now. It's a strange situation for him as well as for everyone else.

    So I do agree with Ticked, above. Better the devil you know for the time being. I've been with Octopus for about 18 months and will just stick with them although, of course, prices have risen. We are all going to have to pay more and there's no way out at the moment.
    this is the Northern Ireland board!!
  • edited 14 March at 5:40PM
    verelyverely Forumite
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    edited 14 March at 5:40PM
    still deciding Electric Ireland is now ofering £50 cashback up from 40

    so im leaning towards swithing to electric ireland to avail of cashback  so a yearly bill would work out £10 or so cheaper
    then next year back to SSE to avail of their cheaper rate and cashback as they are always the cheapest rates about
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