Prepayment meter to credit meter?
November 18, 2011 2:41 AM Subscribe
My new flat has a prepayment meter for gas and electricity. I think we want to switch to a credit meter, but I'm not sure and I don't really know what I'm doing so I'm afraid of screwing this up. Help?
posted by Put the kettle on to Home & Garden (6 answers total)
The joys of moving into a new flat continue! I've recently moved, and my new flat has separate meters for the gas and electricity where you pay by topping up a certain amount when the money runs out. I have no experience with this (I'm American and in my previous flat, all the bills were included in the rent so I never had to deal with this). My flatmate has lived there a while and says he'd like to look into switching to a credit meter because it would be cheaper. We'd all like to save a bit so I said I'd look into it, but I have no idea what I'm doing.
This is what I know:
-We currently use British Gas for both gas and electricity
-We're on a six-month lease, and it seems most bills are for the year, so we would prefer to pay in installments if possible in case we don't stay the whole year or one of us moves out &c.
-It's a 3-bedroom flat with 3 people living in it
-I'm not sure how much is usually spent on gas and electricity, but I think it's something like £40 a month on gas and around the same, or maybe a bit less, on electricity?
-We live in London (zone 2)
-British Gas currently provide both gas and electricity, but they are on separate meters. We are happy to have the same company provide gas and electricity or to have one company provide gas and another provide electricity if that's cheapest.
If I've left out anything important, let me know and I'll respond.
I have read that British Gas will switch you from a prepayment meter to a credit meter for free, but you might have to undergo a credit check. I just want to do whatever's cheapest. Should I stay with British Gas or look into other companies?
Do you think it's a good idea to switch to a credit meter or is it not worth the hassle?
I'd love to hear any advice you have on this -- I am a total newbie to these things, so please just assume I know nothing (basics and all) and advise away.