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MSE News: Warning over energy prices as Npower pulls cheap deal
Former_MSE_Guy
Former MSE 1.7K Posts
in Energy
This is the discussion thread for the following MSE News Story:
"Consumers looking to bag a cheap energy deal have been told they are running out of time ..."
"Consumers looking to bag a cheap energy deal have been told they are running out of time ..."
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Don't worry, I'm sure SOL20 will be along soon
Edit: Just checked. SOL20 is already available. :T
For me, it looks like almost the same price as their fixed price tariff (only the tier 2 units are marginally cheaper, the tier 1 and low rate units the same. The low rate units are actually the same as SOL19 were) - Go Fix 3, fixed until end of October 2011, so they probably don't expect prices to rise much in the short term.
Just like when a salesman tells you if you come back, it won't still be there.
You can expect them to keep pulling deal after deal in favour of new ones. Thats just a way to stay competitive and give them an option to move their pricing around.
Used various comparisons and they all showed the N-Power Sign Online 20 deal as the cheapest (by a fair amount). Has this one been pulled or is it the replacement for "19". Does anyone know how much the unit costs for the "19" tariff were? The "20" tariff is:
12.6134 p/kWh for the first 728
9.1121 p/kWh for all remaining kWh
I can't find confirmation, but I'm thinking this is NOT a caped/fixed tariff. Can anyone confirm? If it isn't, is there any limit to how much they can hike the prices? Seeing as it takes a month or two for the switch over to take place, is there even any guarantee that by the time supply starts the prices will still be the same?
Cheers
Max
The comparison sites tell us the SO20 tariff is actually about £60 a year more expensive than SO19, based on average consumption.
Hope that helps.
Guy
No doubt trying to "make £70million up" before the shareholders start complaining
Whoops, I must admit I hadn't considered the gas element of the tariff.:o (not everyone has gas) I only had the electricity prices to hand as I was only looking at them yesterday before they pulled SOL19
Using a comparison site, I can see they have increased the price of gas considerably.
Not sure if it varies by area (gas sometimes doesn't) but in one area I looked at:
Tier 1 gas unit prices (applies to initial 1143 units per quarter) have increased by over 23% :eek:
Tier 2 gas prices have increased by just under 1.4%
Based on average annual consumption of 3300kWh electric and 20500kWh of gas, the gas increase alone amounts for almost all the overall increase from SOL19 to SOL20
Prior to the introduction of SOL20, SOL19 was almost 10% cheaper than the cheapest of the competition based on average consumption for gas only (8% actually) - this price rise now brings the price of gas on a par with the best of the competition (actually 2% more expensive than the cheapest alternative gas available).
This change seems to bring SOL20 gas prices into alignment with the cheapest of others available, rather than being outstandingly less than the rest of the competition.
All discounts (e.g. payment by DD, dual fuel, etc) appear to be unchanged.
Just did a dual fuel comparison between SOL19 and SOL20. SOL20 is £75.00 more. Just as well I changed tariffs when I did.