Switching recommendations
Comments
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Thank you
I have checked the unit energy costs as stated on my bill and also by Energy Club and they are the same and the consumption figures I originally submitted and accurate.
However, perhaps you mean that in assessing any new deal I should forget about the total cost I am allegedly paying figure and simply compare the unit costs of my current tariff and of what I am being offered? I guess that would work0 -
Thank you for this but I'm not sure what you are saying.
My difficulty is that the calculator as wielded by my energy supplier.and as wielded by Energy Club, using identical unit costs, do indeed come up with different results.
How come indeed, as in your apple example0 -
dollyathome71 wrote: »Thank you
I have checked the unit energy costs as stated on my bill and also by Energy Club and they are the same and the consumption figures I originally submitted and accurate.
However, perhaps you mean that in assessing any new deal I should forget about the total cost I am allegedly paying figure and simply compare the unit costs of my current tariff and of what I am being offered? I guess that would work
No, you should be guided by the comparison site. It does the calculation for you and usually lists the deals for you in incresaing cost, starting with the lowest cost.
You can get more information here:
https://www.moneysavingexpert.com/utilities/you-switch-gas-electricity/0 -
dollyathome71 wrote: »Thank you for this but I'm not sure what you are saying.
My difficulty is that the calculator as wielded by my energy supplier.and as wielded by Energy Club, using identical unit costs, do indeed come up with different results.
How come indeed, as in your apple example
Please give full details, (inputs and outputs from each source) and someone can then take a look for you.
Otherwise we will just be guessing.0 -
No, you should be guided by the comparison site. It does the calculation for you and usually lists the deals for you in incresaing cost, starting with the lowest cost.
You can get more information here:
https://www.moneysavingexpert.com/utilities/you-switch-gas-electricity/
The problem with comparison sites is the OFGEM recommended method I highlighted in an earlier post, i.e. calculating fixed tariffs as if when the fix expires the customer is automatically transferred to the default tariff. i.e. 8 months at the fixed prices and 4 months at the default tariff. That method will result in a higher annual cost for the current tariff and makes alternative tariffs which calculate the fixed prices only over 12 months look like they are saving more that they actually are saving. In short, comparing new fixed tariffs with the OFGEM recommended method of calculating the existing tariff provides a false result.
Personally, I look at comparison sites as pointing me in the right direction but not as a substitute for my own calculations.0 -
Thank you to everyone for the helpful answers and the time you have all taken to give them.
I'm now going to ponder your wisdom a while0
This discussion has been closed.
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