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First time energy user

Last post Mon, Nov 02 2009, 3:10 PM by Jalexa. 2 replies.
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  •  Mon, Nov 02 2009, 2:22 PM

    First time energy user

    Hi,

    I am just about to move into my first residence away from my parents and need some help on choosing my energy provider. I have looked aroud and can't seem to find anything about first time buyers and would like to find out the best company to use. Please could you point me in the right direction as to where to go to find this!

    Cheers.

    • Post Points: 35
  •  Mon, Nov 02 2009, 2:48 PM

    • Mynewt
    • Top 100 Contributor
    • Joined on Tue, Oct 13 2009
    • Essex, United Kingdom
    • Shopaholic
    • Points 3,141

    Re: First time energy user

    Hi Dougpn,

    In terms on comparing energy suppliers, unfortunately you are at a bit of a disadvantage in that you have no history as it were. All accurate energy comparisons based upon a consumer's known usage - this being your first property will make this difficult.

    In general terms if you have the capability, I would strongly recommend you look at the on-line offerings supplier's have, due to the huge cost savings involved for your supplier you will see larger savings when compared to non-online tarrifs.

    If you fancy taking a potentiual risk there are two new providers in the market, Ovu and First Utility. They have some good price structures each with their own pro's and con's. The risk is is that as with other new comers to the market they may quickly fizzle out.

    On the other hand if you prefer protntially greater stability you may want to trry one of the "Big Six" I notice that E.on has recently introduced a new Online Plan - so it'd be worth a look.

    As a first-timer some words of wisdom:

    1 - never leave anything to anyone else, take your ownr eadings and personally provide them to your suppler.

    2 - check every bill make sure the meter readings are accurate, evne if it means you paying more this time around.

    3 - check the meter serial number of your meter against the one recorded on your bills.

    4 - pay by MDD to increase your savings but keep an eye on your consumption and make sure it's sufficient to meet your summer, winter, spring and autumn usuage. Better to pay more and get a refund in spring than underpay and struggling to pay the arrears.

    • Post Points: 5
  •  Mon, Nov 02 2009, 3:10 PM

    Re: First time energy user

    Dougpn:

    The initial comparison is actually quite easy. All you need is your postcode and a Consumer Focus accredited comparison website. There is a link to one on this Forum. Select any supplier's standard tariff and select unknown consumption. You will be prompted for typical consumption. You will get a list of available tariffs for your area ranked in increasing cost order. You won't know your actual cost until your actual consumption becomes apparent, but the order will be fairly accurate. How big your actual consumption is can slightly change the order but not much.

    Start at the top paying particular attention to the tariff small-print box and work your way down until you find something suitable. Post again if anything is not clear about the types of tariff because there are catches (or gotchas).

    Having found a supplier of choice, since it is a new supply, find their contact telephone number and call them (next time you will be able to do an online switch). They *should* be delighted to hear from you. If not re-choose.

    • Post Points: 5