British Gas Tariffs

snapyou

Hi
My contract has ended with BG.
They have offered me their V40 tariff.
However,using Uswitch as recommended on here,is suggesting V16.

Can anyone advise?
Thanks

Gerry1

Basically no, because we don't know whether it's gas, electricity or dual fuel, nor your annual usage in kWh taken from actual meter readings, nor your region(s).  If it's fixed, what are the exit fees?

wrf12345

I think there was a recent post where an existing BG customer signed up for an old tariff via the comparison sites and BG actually accepted that so if cheaper then go for it

bristolleedsfan

wrf12345 said:

I think there was a recent post where an existing BG customer signed up for an old tariff via the comparison sites and BG actually accepted that so if cheaper then go for it

v16 is a current tariff. ( not an old tariff) recent post you refer to related to Ismybillsfair website which is an existing customer best deal checler rather than a comparison site like Uswitch.

snapyou

Just to clarify.
My dual fuel fixed v22 tariff has ended.
Annual usage:
Gas:12,384 kwh
Elec:2400

I have attached screenshot of v16
 tariff(through Uswitch)


and v40 tariff(direct from British Gas)


I live in Edinburgh 

Gerry1

Note that the high exit fees still apply even if you switch to the BG variable tariff ! 

Do the sums and compare it with Octopus's 15 Month fix which has no exit fees.  You can also get £50 back using a referral code from another Octopus customer.

bristolleedsfan

v40 looks like a special  existing customer renewal rate

Based on usage contained within quote Octopus are about £100 more expensive, so I guess depends what value O/P puts on no exit fee to change to SVR and maybe giving £50 credit to someone he/she does not know,

O/P stated usage figures are E 79 kWh higher, Gas 765 kWh higher which would widen gap 

Unit Rates Octopus E 23.33p kWh    British Gas  21.83p kWh   G Octopus 5.62p kWh  British Gas 5.39p kWh

hostertlady

i cannot get over how low some of these monthly direct debits are! 

northernstar007

hostertlady said:

i cannot get over how low some of these monthly direct debits are! 

its the price per KW you want to look at not the DD

hostertlady

northernstar007 said:

hostertlady said:

i cannot get over how low some of these monthly direct debits are! 

its the price per KW you want to look at not the DD

i  see people 'only' paying between 1.5- 2k a year.. mine is £2364 for dual which i think is nuts,,( 150 per month for electric and 47 per month for gas)
how the heck.. i dont live in a mansion 

Gerry1

northernstar007 said:

hostertlady said:

i cannot get over how low some of these monthly direct debits are! 

its the price per KW you want to look at not the DD

Nope.  It's the price per kiloWatt hour (kWh).

More accurately, it's the calculated annual cost of each fuel (kWh + standing charges) for the expected annual usage (derived from actual, not estimated, meter readings 12 months apart).

If it's a fixed tariff you also need to factor in the exit fees if you leave more than 49 days before the end.

Finally, don't forget any referral bonuses and the customer service reputation.  British Gas and Scottish Power are rated the worst by 'Which?'.