Utility bills: Meter vs pay as you go/fixed

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    Utility bills: Meter vs pay as you go/fixed

    Hi folks

    There are different opinions that gas, electricity & water meter cost you less than having fixed water bill or pay as you go gas/electricity (topping up method). Is that really correct because some people oppose that assumption by saying that meter bill is more expensive. But still few people are saving almost half times on water bill through meter? What you guys think or have your experience over this.

    #2
    It depends on how much water you use for water.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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      #3
      Depends on electric/gas supplier company - and what of the many many many deals you are on. I'm sure there are companies that have the same tarrifs on offer for both PAYG & credit
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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        #4
        And how about a flat which is totally electric with no gas means you have to pay only for electricity. Does electricity cheaper/better than gas?

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          #5
          That question doesn't really have an answer - all heating systems and properties are different.
          When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
          Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

          Comment


            #6
            You are always going to get different answers and opinions,- simply because every property is different and the way people live their lives is different.

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              #7
              I would suggest the following:

              Water - if you have fewer people living in the property than there are bedrooms you may be better off on a meter. That does depend on whether you have a hot tub / have 5 baths a day / water your garden excessively. There should be a calculator on your water company's website that can help you choose. If you switch to a water meter and it is not cheaper you can choose to go back to rateable value calculations, usually within the first year. There is also the moral argument of paying for what you use that makes a water meter attractive. We will eventually all be metered.

              Gas / Elec : You are almost certainly on a cheaper tariff on a credit meter than prepay, as long as you manage your account on line & pay by direct debit. Clearly you also need to check your supplier / tariff to ensure you are on the best deal but there is no doubt that the best deals are only available with an online account paid by direct debit. On the other hand, if you struggle with managing payments the prepayment meter will stop you using more than you can afford so for some people it is the best solution.

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