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Another day, another new energy supplier...
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Plushchris
Posts: 3,592 Forumite
in Energy
This time its a green energy only supplier.. LoCO2 Energy....
http://www.loco2energy.com/default.asp
Prices dont seem too bad but certainly not the cheapest around (good if you want 100% green though by the look of it...)
http://www.loco2energy.com/default.asp
Prices dont seem too bad but certainly not the cheapest around (good if you want 100% green though by the look of it...)
Missing Tesco R&R since Feb '07 :A & now a "Tesco veteran" apparently! 
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Just checked and they are on energy helpline so I think you can get £14 cashback through Topcashback.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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Noticed them on Energyhelpline, havent seen them on any of the other comparison sites yet, so that'll be £15 cashbackMissing Tesco R&R since Feb '07 :A & now a "Tesco veteran" apparently!0
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I think all these new start-ups is proof that wholesale prices are not being reflected in retail prices.Call me Carmine....
HAVE YOU SEEN QUENTIN'S CASHBACK CARD??0 -
Only issue with new supplier's is how long they'll last. You may remember Ebico and Atlantic that were all the rage a little over a year ago and are seldom heard of now. As a new supplier to the market they will be a gamble and make sure to read all the fine print.0
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1carminestocky wrote: »I think all these new start-ups is proof that wholesale prices are not being reflected in retail prices.
Unfortunately it just shows that the smaller new supplier at present do not have the same costs as the more established suppliers. As mentioned in other foumns the price difference bewtween suppliers (based on average consumption) is little more than 5% and this includes the newer suppliers. You would expect a newer smaller supplier to have less operating costs than a larger more established supplier.0 -
They dont do my area when I entered postcode checker
http://www.loco2energy.com/switch/home/postcode.asp?wdgt16459076=0_00 -
Unfortunately it just shows that the smaller new supplier at present do not have the same costs as the more established suppliers. As mentioned in other foumns the price difference bewtween suppliers (based on average consumption) is little more than 5% and this includes the newer suppliers. You would expect a newer smaller supplier to have less operating costs than a larger more established supplier.
Conversely, their buying power is comparitively miniscule so the wholesale price they pay will be higher. Plus they can also be caught out by sudden (upward) movements in the wholesale price (my current supplier Utility Warehouse got caught out with this when launching a few years ago so now have a supply agreement with a Big 6 energy supplier which shifts the risk of this to them). Personally, I don't think Winter is the best time of year to join a small start-up on account of the likelihood you will be asked to pay a huge monthly direct debit in order to ensure their cash flow.Call me Carmine....
HAVE YOU SEEN QUENTIN'S CASHBACK CARD??0 -
Only issue with new supplier's is how long they'll last. You may remember Ebico and Atlantic that were all the rage a little over a year ago and are seldom heard of now. As a new supplier to the market they will be a gamble and make sure to read all the fine print.
Now that proves you are just a wind up merchant. I wonder if anyone will hear from you next year?
Atlantic is a trading name of SSE, and is used by a lot of MSE members.
Ebico are often mentioned on this forum (quite often by me, admittedly
). Established in 1998, they are going from strength to strength increasing their customer base and staffing levels. "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
Just checked and they are on energy helpline so I think you can get £14 cashback through Topcashback.
You will be £1 better off by following the link to Energyhelpline above then as you will get £15 by going through the link above (make sure it says £15 cashback if you switch at the top of the screen on energyhelpline)Missing Tesco R&R since Feb '07 :A & now a "Tesco veteran" apparently!0 -
Only issue with new supplier's is how long they'll last.
Whats the issue? If they go bust or anything then you'll get a supplier of last resort, its not like your supply will get cut off, as long as you make sure you arent in too much credit (in case they go bust and run with your money)Missing Tesco R&R since Feb '07 :A & now a "Tesco veteran" apparently!0
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