Gas and Electric bills

Tunney said:
5 minutes finding the best deal on uSwitch.com and then another 5 minutes taking a meter reading. It's incredibly simple to switch.
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I'm glad the process is easy, Glaucus' spreadsheet sounds much better than a comparison site, though :)

Glaucus said:
Never use comparison sites, it's how I ended on Npower with a stupidly large bill of hundreds. Don't trust them in the slightest.
Especially when places like Npower charge different amount at different times of year and comparison sites do not take this into account or at least do a terrible job.

I can do indeed, but it does largely depend on your usage and I'm only looking at fixed rates. But I can post it.
Then again if you know your yearly useage you can just stick that in and it'll update all the figures.
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I am sure others would be interested too, it sounds interesting. Post it up when you complete it if you would be willing?
 
Excellent, thankyou. By the way, a fixed electricity tariff? How does that work given the very unpredictable nature of electricity usage?
 
Jez said:
Excellent, thankyou. By the way, a fixed electricity tariff? How does that work given the very unpredictable nature of electricity usage?
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Same as most fixed things like mortgages. You pay a slightly higher price and gamble that the price of energy is going to go above the price your fixed at. You are tied into that contract untill it ends, I'm looking at fixed untill 2014, to get out you have to pay £50-60 cancellation fee depending on company.

My contract just ran out on edf and I fixed at just the right time and was quids better off.
 
Glaucus said:
Most(probably all) fixed terms are like that, untill the contract ends.

Scottish power is no different ~£51 cancellation fee within the fixed price contract.
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According to my terms and conditions:

If you cancel your Offer Product by switching to another gas and / or electricity supplier before 28th February 2014, you will not have to pay any cancellation charges.

I originally thought with First Utility you had to pay £60 to leave at any point in the future not just within the fixed term but this isn't so.

On the one in a million chance prices drop I can leave Scottish Power at any time.
 
We changed earlier this year to Sainsbury's Energy from E.On as they had just hiked up our prices by £17 per month and luckily it was on a fixed tariff and at the time they said they wouldn't increase their prices until 2013

This week we received a letter from Sainsbury's confirming that as part of British Gas prices were going up but as we were on the fixed rate, ours wasn't so won't be looking around until next year :). The guy also confirmed that if we did change there would be no fee either, which is nice to know.
 
schumi84 said:
We changed earlier this year to Sainsbury's Energy from E.On as they had just hiked up our prices by £17 per month and luckily it was on a fixed tariff and at the time they said they wouldn't increase their prices until 2013

This week we received a letter from Sainsbury's confirming that as part of British Gas prices were going up but as we were on the fixed rate, ours wasn't so won't be looking around until next year :). The guy also confirmed that if we did change there would be no fee either, which is nice to know.
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http://www.sainsburysenergy.com/pro...nergy-tariffs/price-pledge-november-2013.html

£20 cancellation fee per fuel (includes VAT at 5%).
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Does anyone here also see the point of switching suppliers every 3-6 months say?

Thats what I do. The offers you get on sites such as quidco arent as good as what they used to be for switching, but over the past year I've managed to switch companies roughly every 3-4 months, and received at least £100 cashback.

That and switch to a supplier that has better rates for a higher gas usage in the winter, and electric in the summer, although I take this into consideration when switching.
 
Glaucus said:
You on fixed rate? Or normal rate?, as Scottish power fixed rate clearly states cancellation fee.

http://www.scottishpower.co.uk/pdf/L201411_FixedPrice.pdf


I have never seen a fixed tariff rate with no cancelation fee.
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You have now.

Capture.jpg
 
Which tarrif is that and which page?

I still can only find charges

Small print in the t&cs
3. If you cancel your Offer Product contract by switching to another gas and/or electricity supplier before 31st October 2014, we will apply a cancellation charge. The current cancellation charges are £30.64 for electricity and £20.42 for gas, each inclusive of VAT at the current rate of 20%. These charges will be amended if there is a change in the VAT rate at any time or times before 31st October 2014, by an amount equivalent to the applicable change in the VAT rate. These charges will not be applied if the agreement is cancelled due to a home move.
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Edit - I found it.
Wonder why they do that, both the other two fixed tariffs have cancellation fees.
 
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Glaucus said:
Which tarrif is that and which page?

I still can only find charges

Small print in the t&cs



Edit - I found it.
Wonder why they do that, both the other two fixed tariffs have cancellation fees.
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I spotted it on MoneySavingExpert about a week ago, it did say it was slightly more expensive then First Utility but had no exit fees.
 
chipperhead said:
Never heard of these before, will check them out.
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Expensive even compared to fixed rate tarrif, or at least for me.
Also they don't offer fixed rate tariffs.

They used to be cheap, seems they aren't anymore.
About ~£100 a year more than fixed rate tariffs.

But does depend how many units you use.

Ebico £1094, first utility £963, Scottish power (bottom one) £1054, need to check the online fixed Price for Scottish power.
 
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