I'm so confused about what to do about my tarriff

Beanz
Beanz Posts: 68 Forumite
Part of the Furniture 10 Posts
Hey,

I'm currently with 'Home Energy' and pay £256 per month.  I do meter readings every month and have projected usage of 4233kWh electricity and 30884kWh gas.

All good so far.

I just read the latest email about the best fixes coming to an end and there being a potential saving of 6% when you factor in the impending price cap increase however, the MSE Cheap Energy comparison (with the details above) tells me that every tarriff will cost me at least 3% more at today's prices and I presume that will go up by the 6% increase when that takes effect too which comes out at 9%.

On that basis, am I better sticking with Home Energy and sucking up the 6% cap increase?

I'm so confused!

Comments

  • molerat
    molerat Posts: 34,243 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 25 February at 11:13PM
    The problem is you are not a typical customer but a high user, always skews the savings figures.  What are you currently paying per kWh and SC ?
  • Beanz
    Beanz Posts: 68 Forumite
    Part of the Furniture 10 Posts
    Electricity is 24.14806p with an SC of 49.54795p

    Gas is 
    5.95892p with an SC of 30.23836p

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.8K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.7K Work, Benefits & Business
  • 619.5K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.