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Moving into new house - choosing new electricity tariff

Hi all, I am moving house in a couple of weeks and have just discovered that the electricity tariff costs about £375 a month. The house currently does not have a gas supply. I know that MSEs advice is not to switch but this seems like a hell of a lot of money for a small two bed terraced house. I looked on the cheap energy club service but they said they couldn't find anything cheaper. Is there anything else I can do / anywhere else I should look for a better deal? I'm at a kiss what to do at the moment but am sure I must be able to find a better deal. Help! Am a newb to all this energy switching...  

Comments

  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Is there a gas supply nearby? 
    Everything that is supposed to be in heaven is already here on earth.
  • PirateSwan
    PirateSwan Posts: 49 Forumite
    Second Anniversary 10 Posts Name Dropper Photogenic
    The house used to have gas but the current occupant / vendor didn't use it so will need to get it switched back on again
  • bob_a_builder
    bob_a_builder Posts: 2,362 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 2 May 2022 at 5:46PM
    Was that a fixed price deal ?
    Is that with electric heating ?

    The advice at the moment is to be on the Standard  Variable Tariff - which is the one the price cap applies to
    After the price rise in April with Octopus my combined elec and gas is £280/month  standard variable  ( 4 bed detach) 

  • PirateSwan
    PirateSwan Posts: 49 Forumite
    Second Anniversary 10 Posts Name Dropper Photogenic
    So I should ask the electric company to put me in the standard variable tariff when I move in?
  • Hi,
    who is supplier and what rates were offered?
    Has house gas central heating installed?
  • You have no option but to contact the current supplier of the property and take over the account.

    By default they should put you on the SV tariff although they may offer a fixed tariff, best to avoid that at first until you get your head around how much energy you are actually using.

    I would do that until the next change in the price cap in October and then reassess.

    Do not let them persuade you to fix.

    You can move from SV to a fix anytime if you wish, but going the other way could have hefty penalty charges to exit the fix.

    That's my advice, not a definitive answer.


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