Energy Bills...that time again

hostahousey replied on 14/11/2016 10:11

Posted on 14/11/2016 10:11

My Energy contract is coming to an end shortly and I have been perusing some more Energy deals. Some companies I have never heard of ...example ' Bulb ' and ' '  Isupply ' to name a couple. I wondered if anyone had experience with these little known companies as they are the ones giving the  most saving tariffs?

peedee replied on 19/11/2016 07:32

Posted on 19/11/2016 07:32

The thing I don't get is.......so many people don't know what their annual usage is (in kWh) or what they pay per kWh for each of gas and electricity.

 ....

I don't but I'm not faffing with spread sheets .... I just pay the bill

Money to burn!

peedee

IanH replied on 19/11/2016 09:50

Posted on 19/11/2016 09:50

The thing I don't get is.......so many people don't know what their annual usage is (in kWh) or what they pay per kWh for each of gas and electricity.

 ....

I don't but I'm not faffing with spread sheets .... I just pay the bill

Money to burn!

peedee

Must have!

I don't know, these wealthy pensioners.....just too much money! Wink

Kennine replied on 19/11/2016 09:58

Posted on 19/11/2016 09:58

The guy from moneybox live was interviewed by Bbc News this morning . Apparently, because the pricing is so vague, it is almost impossibke to compare like for like.  Also the claims by companies about what you will save if you switch to them are highly misleading or worse.

Cheers ..........k

IanH replied on 19/11/2016 10:01

Posted on 19/11/2016 10:01

What's so hard? It's two figures - a cost per kWh and a standing charge??

Can people not compare the price of fuel at garages either, because they give the price of both petrol and diesel?

Or the price of bread, because there are several different types of loaf?

Rocky 2 buckets replied on 19/11/2016 10:24

Posted on 19/11/2016 10:24

What's so hard? It's two figures - a cost per kWh and a standing charge??

Can people not compare the price of fuel at garages either, because they give the price of both petrol and diesel?

Or the price of bread, because there are several different types of loaf?

Agreed, I changed supplier. New supplier offered a set payment by DD(guaranteed not to rise) they based it on the 'estimated usage' supplied by previous supplier. The new supplier is gambling on my annual usage giving them a profit-£130 below my previous supplier. It ain't rocket science-as Ian says, the figures are thereHappy

peedee replied on 19/11/2016 13:32

Posted on 19/11/2016 13:32

It takes just 6 lines to build a spread sheet, less if you don't bother with the VAT calculation, thereafter just put in the two tariffs to make a comparison. The most difficult part is finding the tariffs. The companies have a habit of making these difficult to find on their web sites. However "Which" does publish these when you use the "Switch with Which" web site.

peedee

Bakers2 replied on 19/11/2016 13:49

Posted on 19/11/2016 13:49

The guy from moneybox live was interviewed by Bbc News this morning . Apparently, because the pricing is so vague, it is almost impossibke to compare like for like.  Also the claims by companies about what you will save if you switch to them are highly misleading or worse.

Cheers ..........k

Listened to BBC radio 4's money box, on again tomorrow eve or on I player. Turns out the savings your supplier quotes on your bill if you change from current tariff they offering doesn't deliver full savings suggested because of way figures projected. The closer you are to end of fixed tariff contract worse the decripancy will be. All these decripancy are admitted by the suplliers when asked! Official figures used to make the comparison use current figures til end of your contract and highest cost for the balance of a year, they are squewed but even when this was pointed ou t before it was introduced it was ignored. The calculations on switching sites use the same official figures. Well worth a listen.

brue replied on 19/11/2016 14:49

Posted on 19/11/2016 14:49

You should only need the TCR, tarriff comparison rate, which should be viewable on your contract or bill details. It's based on typical consumption and you can compare this with other TCRs available.

jennyc replied on 19/11/2016 16:01

Posted on 19/11/2016 16:01

The thing I don't get is.......so many people don't know what their annual usage is (in kWh) or what they pay per kWh for each of gas and electricity.

 ....

I don't but I'm not faffing with spread sheets .... I just pay the bill

Write your comments here...

I don't believe that anyone who is familiar with building/ entering data into a spreadsheet would describe the quick and easy use of a fuel consumption/ tariff spreadsheet as "faffing around" I can make a sponge cake in around the same time, or make a meal every night. More likely you are unfamiliar with spreadsheets - their usage in many situations is very useful, which is why schools teach ICT to teenagers.

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