The TIL gives you all the information you need about a tariff in a standard format, to let you easily compare products. Each TIL is specific to the location of your property, fuel type (Gas or Electricity) and payment method.
The TIL contains infromation about the tariff, such as, costs for unit rates, standing charge costs, Tariff Comparison Rate (TCR), and discounts.
We’ve summarised some of the important things you need to know about Online Price Fix August 2016 below, but please be sure to download and read through our terms and conditions:
Prices are fixed until 31 August 2016 subject to governmental or regulatory requirements.
And there’s no exit fee if you decide to switch tariff or supplier.
This tariff is available to new or existing customers who pay by fixed monthly or variable quarterly Direct Debit. Unfortunately it’s not available to customers with non-standard or prepayment meters.
You’ll need to manage your account online and get your bills and other key communications via email
Please note that if you start using more gas and/or electricity, then the amount you pay us will increase even though the price per unit remains the same.
Your prices may increase if you change your meter type or the way you pay, or no longer meet our eligibility criteria for this tariff.
If there’s a change in the rate of VAT chargeable for the energy we supply, this could also increase the charges you pay.
£1,040 average annual cost, including Direct Debit discounts and VAT at the reduced rate of 5%, based on:
a customer with standard single rate meters
typical annual average consumption of 3,200kWh electricity and 13,500kWh gas
payment by Direct Debit
costs averaged across mainland UK
Your actual annual cost will vary depending on:
whether you get both your electricity and gas from us, or just a single fuel
whether discounts apply
your meter type
Annual charges may be higher than our standard charges.
Correct as at 18.05.15.
After 31 August 2016, you’ll automatically move to our cheapest Standard variable tariff applicable to you.
We split the amount you pay us into two parts: there’s the amount you pay for the fuel you actually use, and then there’s a standing charge that pays for the cost of delivering and supplying energy to your home, this is irrespective of how much you use. Standing charges vary depending on the tariff you have and there are different standing charges for the supply of gas and electricity.
Direct Debit Discounts
With Online Price Fix August 2016, you’ll get a continuous discount in a lower daily standing charge when you pay by Direct Debit. The discount is worth £90 over each year if you pay for both electricity and gas by Direct Debit, and comprises a discount of £40 on your electricity charges and £50 on your gas charges. Subject to change.
We’ll use your own meter readings to create your bills whenever we can. If we can’t then we’ll estimate how much energy you’ve used, using industry standard information. Please note that our agents still need access to your meter to take readings sometimes and to carry out important safety checks.
Changing your tariff or supplier: There’s no exit fee if you decide to switch tariff or supplier.
Offer subject to availability and may be withdrawn, suspended or amended at any time.
The Tariff Comparison Rate (TCR) is a rate for you to compare a tariff against another. It's a cost per kWh that a typical consumer would pay on that tariff. To work out the rate, we assume an average of kWh and then include the unit rates and standing charges. However, it's a guideline to help customers compare tariffs, it's not an actual price. The amount you pay will depend on your actual usage. Your current tariff's TCR is always printed on your bill or annual summary.
TCRs will vary by location, fuel type (e.g. gas) and payment method.