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comparing energy tariffs

Last post Wed, Jun 24 2009, 4:19 PM by Jalexa. 3 replies.
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  •  Mon, Jun 22 2009, 5:22 PM

    comparing energy tariffs

    I am unable to compare tariffs from different providers as I have two separate electric meters. one is only for storage heaters and the other for everything else.Can anyone help?
    • Post Points: 20
  •  Mon, Jun 22 2009, 8:40 PM

    Re: comparing energy tariffs

    supernan:

    I'm assuming you have a preserved "off-peak" arrangement rather than more recent Economy 7 metering. Its not impossible to switch but there might be meter change costs.

    The question is is it worth it.

    To compare your energy costs you just need to do a little more work. From your bills find out how much electricity you have consumed in a year for storage heating and everything else and what it costs over the year. Or ask your supplier, they will be happy to help. From your bill find out the unit prices you are currently paying.

    Then use a price comparison website. Chose any standard Economy 7 tariff and answer the various questions about usage. You will be given a list of tariffs in price order, the lowest price first. Compare with your own costs and unit prices you obtained earlier.

    Job more or less done.

    • Post Points: 20
  •  Wed, Jun 24 2009, 3:23 PM

    Re: comparing energy tariffs

    Thanks for your reply but comparing with ecnomy 7 doesn`twork. my 7hour off peak meter units cost less than econ 7 and the standard meter units cost less than daytime econ 7 but more than standard tariff units with some other providers. I also have to pay a daily standing charge on the off peak meter which makes it even more complicated!
    • Post Points: 20
  •  Wed, Jun 24 2009, 4:19 PM

    Re: comparing energy tariffs

    supernan:

    Thanks for your reply but comparing with ecnomy 7 doesn`twork.

    You haven't followed or understood my post.

    Yes the components are all different, but follow my post. You need to obtain or calculate your current annual cost. Then you find the cheapest market offer for your current annual consumption. An accredited comparison includes all costs and discounts (except the possible meter change cost in your case).

    Then you look at the difference between your current cost and the comparison cheapest or choice cost and work out if its worth switching.

    • Post Points: 5