Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • MSE Archna
    • By MSE Archna 26th Nov 07, 5:50 PM
    • 1,874Posts
    • 6,140Thanks
    MSE Archna
    Energy: Find the cheapest supplier & earn cashback
    • #1
    • 26th Nov 07, 5:50 PM
    Energy: Find the cheapest supplier & earn cashback 26th Nov 07 at 5:50 PM



    This thread is specifically to discuss the content of the

    Gas & Electricity plus Cashback Article

    To discuss or ask a question about this article: click reply


    Read the old thread here
    Last edited by MSE Andrea; 26-03-2014 at 8:43 PM.
    Report inappropriate posts: forumteam@moneysavingexpert.com




Page 2
  • Terrylw1
    ive never moved! price two bills 840 price. bg 35 and edf 35month.im nervous of how to change? should i now or wait?
    Originally posted by mud7dan

    It's relatively simple. Makesure you take a reading and give it to your new Supplier. They will pass it on for you. Then if you old Supplier hasn't used that as the final reading, you ask them to and they will.

    Changing Suppliers takes 4-6 weeks for most people and it's very much between the your new & old Supplier and you don't need to have much contact with anyone if it all goes ok.

    It's worth noting as well that you hear a lot of horror stories about switching but most customers don't have problems, you just only hear the bad stories.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
    • davie
    • By davie 23rd Jan 08, 7:44 AM
    • 34 Posts
    • 7 Thanks
    davie
    Scottlish Power via Quidco
    I've just switched to Scottish Powes capped duel fuel product. It was cheaper than my existing supplier (Powergen online dual fuel), it's capped and Quidco offer 61 cashback
  • bingo32
    am i imagining it or
    or do they put the prices down in summer when people aren't using much, and then put them up in winter when we use a lot?

  • Terrylw1
    or do they put the prices down in summer when people aren't using much, and then put them up in winter when we use a lot?

    Originally posted by bingo32

    Thats why seasonal gas charging has come in with some.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
  • bow1508
    Help
    Got hassled in a supermarket by NPower but as they give you a 14 day cooling off period i came home and started my research. Am unimpressed. Think i've narrowed it to Scottish Power and Atlantic. Now i've read scottish power have some customer relations probs but does anyone use Atlantic? To be honest hassle free is just as important as cheap to me as I have young kids and getting messed about is just out of the question. Thanks all.
    Martin for Prime Minister!
  • Terrylw1
    Got hassled in a supermarket by NPower but as they give you a 14 day cooling off period i came home and started my research. Am unimpressed. Think i've narrowed it to Scottish Power and Atlantic. Now i've read scottish power have some customer relations probs but does anyone use Atlantic? To be honest hassle free is just as important as cheap to me as I have young kids and getting messed about is just out of the question. Thanks all.
    Martin for Prime Minister!
    Originally posted by bow1508

    There are a few threads on the board if you search on Atlantic. Some people say they have good service and with the promise to bill 6 monthly only on meter readings taken from the site, they are more accurate than many Suppliers. This then knocks on to your DD's making them more accurate.

    They also give a cashback as well based on anniversary dates.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
    • msaquib
    • By msaquib 24th Jan 08, 9:52 PM
    • 712 Posts
    • 61 Thanks
    msaquib
    What about BG online tariff. Are they good. I have searched on moneysupermarket forums and everyone seems to be unhappy with BG.

    All feedback welcome

    Thanks
    M
  • bow1508
    Thanks Terry, would have used the search engine but couldn't get it to work, i fear this was my puter playing up NOT the site as it's fine today and I get this from time to time. Will have a trawl, but went EEK! when i read a thread about not being able to swap from a meter without paying a deposit. I chose to go over so I could budget easier. I'll look into it.
    As for the British Gas question, i can only speak as I find an i found they were taking the DD and my account was getting further and further into credit but it took me six months of hassle to get the money refunded and they still refused to drop the DD amount. As I've never been in debt for gas or electric I couldn't work out why and the refused to give me a straight answer so I left never to return again (LOL) but thats just me, maybe others think they are wonderful.
  • timbod
    Can you switch gas/elec too often?
    just a thought really?

    With prices going up and down all over the place and usually getting between 30 and 60 back per switch via Quidco - is there any reason you can't switch every 3 months or so - 4 switches at 60 each is 240 towards a year's bills which is about 1/2 my average yearly spend on gas and elec.

    So this works out as 1/2 price gas/elec.

    Does it affect your credit rating if you switch too much?
    Switching online etc is pretty easy - 5 min on the computer. so quite a saving for not much hassle assuming you get the cashback.

    Any thoughts/comments welcome.

    Tim
  • Terrylw1
    Thanks Terry, would have used the search engine but couldn't get it to work, i fear this was my puter playing up NOT the site as it's fine today and I get this from time to time. Will have a trawl, but went EEK! when i read a thread about not being able to swap from a meter without paying a deposit. I chose to go over so I could budget easier. I'll look into it.
    Originally posted by bow1508
    Hi Bow,

    Do you mean changing from PP to credit meters? If so, thats a standard practice. Suppliers always credit check people changing from PP as they represent a greater risk as a PP customer may have been a poor paying in the past. They always make that assumption.

    If you have been with a Supplier 12 months and been a good payer, a deposit may not be needed. These are only security deposits though and they are returnable after you reach X months.

    I'm not sure if they charge to physically change a meter, some do, some don't.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
  • Terrylw1
    just a thought really?

    With prices going up and down all over the place and usually getting between 30 and 60 back per switch via Quidco - is there any reason you can't switch every 3 months or so - 4 switches at 60 each is 240 towards a year's bills which is about 1/2 my average yearly spend on gas and elec.

    So this works out as 1/2 price gas/elec.

    Does it affect your credit rating if you switch too much?
    Switching online etc is pretty easy - 5 min on the computer. so quite a saving for not much hassle assuming you get the cashback.

    Any thoughts/comments welcome.

    Tim
    Originally posted by timbod

    Hi Tim,

    There should be no real impact to a credit rating. This market is set up to allow hopping unlike the credit market where doing that can put lenders off.

    There is no limit on switching except that you have to wait 28 days form your registration date with the Supplier. Thats the industry rule.

    However, you need to examine the small print on the cashback sites to see how cashbacks are awarded e.g. some Supplier pay you on anniversary dates. Some cashback sites also limit the switch to 1 per household. So, you just need to review the sites policy to make sure there are no restrictions.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
  • bow1508
    Hi Bow,

    Do you mean changing from PP to credit meters? If so, thats a standard practice. Suppliers always credit check people changing from PP as they represent a greater risk as a PP customer may have been a poor paying in the past. They always make that assumption.

    If you have been with a Supplier 12 months and been a good payer, a deposit may not be needed. These are only security deposits though and they are returnable after you reach X months.

    I'm not sure if they charge to physically change a meter, some do, some don't.
    Originally posted by Terrylw1
    I currently have a key meter, please excuse my being dumb but this is all very new and more than a bit scarey, just taking it all over myself alone for the first time. I really want to go duel fuel but pay by Direct Debit. I took someone on here's advice and started pushing buttons on my meter and found I am being charged extra not just pay 20 on the key get 20 worth of electric to use. I must admit to being shocked hence i want to get away from the meter. My credit rate is very good as (tip here people not the right place but it's just an afetrthought, i got my report and found a ton of people listed that have nothing to do with me!) I got them to tidy it all up. So from this I assume i'll still be expected to pay a deposit! what a con! have e mailed several suppliers but no answers yet. Thanks again.
  • steph401
    :confused: HELP.Want to change and used comparisson site BUT cant get a true comparisson coz they ask for your details annually but im with NPOwer and sneaky people provide an estimate and what your monthly DDebit will be for 18 MONTHS, Not 12. Cant work out therefore if the one i think will be cheaper actually will be coz e.g They are assuming my D Debit of 105 for leccy is over 12 months but its over 18. (Does that make sense) Any ides how i work out my usage over 12 months???
  • Terrylw1
    I currently have a key meter, please excuse my being dumb but this is all very new and more than a bit scarey, just taking it all over myself alone for the first time. I really want to go duel fuel but pay by Direct Debit. I took someone on here's advice and started pushing buttons on my meter and found I am being charged extra not just pay 20 on the key get 20 worth of electric to use. I must admit to being shocked hence i want to get away from the meter. My credit rate is very good as (tip here people not the right place but it's just an afetrthought, i got my report and found a ton of people listed that have nothing to do with me!) I got them to tidy it all up. So from this I assume i'll still be expected to pay a deposit! what a con! have e mailed several suppliers but no answers yet. Thanks again.
    Originally posted by bow1508

    Hi Bow,

    No probs, it can be all a bit daunting at first but once you become more pro-active with your utilities it will all become easier to understand.

    PP meters have a standing charge, they always have. However, historically all Suppliers also charged standing charge on credit meters. A few years back they started removing standing charge in the hope of tempting customers to them. However, Suppliers tend to have a tier 1 price for your first X units used and a cheaper tier 2 for everything after you have exceeded the tier 1 units fot your quarter. These tier 1 prices have just been a sneaky way to charge you a standing charge without most customers knowing.

    So, it's all about finding the bext deal based on what you use and not being afraid of switching.

    I don't know about all Suppliers credit checking procedures, maybe some of the utility employees on here can tell you more. In the case of say Npower, their call centres method has been to check if you have both fuels and have you been with them for over 12 months. If not, they just ask for a security deposit so in reality they didn't actually do a credit check - just an internal one.

    Some Suppliers also have internal credit scoring in their systems but that only helps credit customers since yours will always be an on time payment with having PP.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
  • Terrylw1
    :confused: HELP.Want to change and used comparisson site BUT cant get a true comparisson coz they ask for your details annually but im with NPOwer and sneaky people provide an estimate and what your monthly DDebit will be for 18 MONTHS, Not 12. Cant work out therefore if the one i think will be cheaper actually will be coz e.g They are assuming my D Debit of 105 for leccy is over 12 months but its over 18. (Does that make sense) Any ides how i work out my usage over 12 months???
    Originally posted by steph401

    Hi Steph,

    Can you not just times your monthly payment by 18 and divide by 12 to get your annual DD?

    Have you worked out your annual usage in Kwh? (units) If so, you have a set of bills telling you how much you would pay in a year regardless of your monthly DD. Then you can feed that data into the comparison site and work the difference out yourself.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
  • steph401
    Hi Steph,

    Can you not just times your monthly payment by 18 and divide by 12 to get your annual DD?

    Have you worked out your annual usage in Kwh? (units) If so, you have a set of bills telling you how much you would pay in a year regardless of your monthly DD. Then you can feed that data into the comparison site and work the difference out yourself.
    Originally posted by Terrylw1
    Will that work do you think. Dont they take into account seasonal changes!. They have given me a breakdown which is based on my usage for example x amount of units at x.xxxp and then x units at the higher rate. making a total of so many pounds and then * that by 18.

    Did think of timesing by 12 last night but figured that was far too simple. Think i thought that the estimates on usage woudl be wrong then as that will take into account two winters and a summer. (Im confusing myself even further now)
  • bow1508
    Thank you for your email.

    If you wanted to join us for duel fuel with direct debits you will be able to do this. However you wont be able to apply online with pre payment meters. You would either need to ask your current supplier to change them of sign up in a different way.

    I got this from Atlantic after asking if I can go from a pre payment meter over to them but paying by Direct Debit! Slightly confused so have asked for claification but I think they mean i have to swap from the meter with my current supplier then go over to them! I didn't mention signing up on the web as it happens. Any ideas if it would be worth the hassle of going that way, are the savings alot by signing up online? thanks again
  • Terrylw1
    Hi Bow,

    Swapping with your current Supplier might be easier since they can see some form of credit history with you. A meter change is a quick enough process.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
  • Terrylw1
    Will that work do you think. Dont they take into account seasonal changes!. They have given me a breakdown which is based on my usage for example x amount of units at x.xxxp and then x units at the higher rate. making a total of so many pounds and then * that by 18.

    Did think of timesing by 12 last night but figured that was far too simple. Think i thought that the estimates on usage woudl be wrong then as that will take into account two winters and a summer. (Im confusing myself even further now)
    Originally posted by steph401

    Yes, in terms of DD's they take in to account seasonal changes. In terms of readings, they will estimate a bit higher in winter which impacts your DD's.

    If you have 12 months of bills in front of you, just add the units (Kwh) up for the 12 months. That is your usage for comparison sites. They don't want you DD value, they need your consumption to quote your possible savings.

    To then get your DD's for month if you want to consider th seasonal variation, the easiest way is to take your 12 months bills and either a) just dd them together and divide by 12 for a simple calculation or b) work out your DD for each seperate quarter by dividing your quarterly bill by the months of the quarter, then you just add the 4 bills together.

    You don't need to do anything more complicated than that to get a quote. Dividing out of 18 and into 12 would be less accurate that that because the extra 6 months of the season could make your annual DD lower or higher depending on which seasons appear in the 18 months e.g. 2 winter periods would make the DD higher in error if you divided by 18 and times by 12.
    It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!
  • bow1508
    Hi Bow,

    Swapping with your current Supplier might be easier since they can see some form of credit history with you. A meter change is a quick enough process.
    Originally posted by Terrylw1
    Whats it like to be clever! have spoken to EDF today they are removing the meter on thursday and i've arranged a DD for the gas (gosh i didn't realise how much we spent on gas). Once the meter has gone I can go over to DD with EDF then i'll start checking again to make sure i'm with the best one for me. Hugs for all your help! i'm off to try and sort the phone out now! where does it end! LOL
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

879Posts Today

7,576Users online

Martin's Twitter
  • Good morning everyone. It's mini MSE's half term so expect me to be a bit quieter this week. I've taken the we? https://t.co/Bd1yBusfRa

  • Today?s Twitter Poll: Should banks set up a fund to compensate people for 'push payments? scams ie where the victim? https://t.co/77QFNTLXIT

  • It's that time of the week, where I come on twitter and say I'm signing off social media for the weekend to focus o? https://t.co/OFz1D1OsdF

  • Follow Martin