limnam wrote: » Why would you think there's a catch?
L1011 wrote: » You need to make sure your readings are accurate / submitted if not being read and that the level pay amount is not ending up hugely in debt or credit - it would be normal to be in debt in winter and credit in summer though. That's about it. I've used it before, ended up in credit when I left. Prefer to pay the actual amount at the time but if you need to budget it could be useful.
Ciarrai76 wrote: » I asked is there a catch as I want to make sure theres not going to be some sort of extra payment at the end of it. I am asking here so I know for sure if it’s recommended! :rolleyes:
Ciarrai76 wrote: » Thanks. I usually always submit a reading. It appeals to me regarding budgeting as our bills are getting too high & starting to worry me before they arrive! Tempted to try this.
Patww79 wrote: » With any provider of anything there's usually a catch.
limnam wrote: » Ok but you're not buying electricity from a few lads on a street corner There would be no point in them trying to "catch" you out. The only "catch" is you might pay more than you use in some months but in general it should level out
limnam wrote: » They're not banks :pac:
L1011 wrote: » There are energy suppliers in this market with extremely devious sales tactics so it's a valid query.
judeboy101 wrote: » You are giving them an interest free loan as they tend to build in a premium on the level pay
limnam wrote: » They normally base the starting point as an average of your previous bills or a similar house if you've no history. This is adjusted every few months if you're paying too much/little. So in the months you're using more than you're your paying, you're getting an "interest free loan" and vice versa in summer months. That "catch" is the whole point of level pay
Ciarrai76 wrote: » but is there a catch?
Ciarrai76 wrote: » I’m looking to switch providers this week as my contract ends with Energia. I’ve noticed Bord Gais has the best rates via Bonkers.ie, but it says it’s a level pay contract. Would people recommend this? Our bills have been getting quite high with Energia so it seems good, but is there a catch?
Ciarrai76 wrote: » Does Bord Gais insist on this level pay or can you just do the normal way of paying by dd? I’m not sure if it will be of much benefit to us. ..
L1011 wrote: » The rate you're seeing will only be available on level pay; their normal post-pay rates are significantly higher.
Ciarrai76 wrote: » Does Bord Gais insist on this level pay or can you just do the normal way of paying by dd? I’m not sure if it will be of much benefit to us. We would be switching from Energia, and our bills have been getting quite high with them. I know they are all after increasing their rates but Bird Gais does seem to have the lowest from what I can see. Our high bills aren’t helped by our old appliances which are probably not energy efficient. Ideally we would like to get better ones, but not an option for now.
Fol20 wrote: » I’m with energia at the moment. Do they stop whatever promotion they give you after a year so you just revert back to their base package?
