Energy Prophet 2010

Pincher

How about a little competition?

NPower and E.On are yet to increase prices, so it's only a matter of time they do.

No Prizes, just the un-coveted title of Energy Prophet of 2010.
In future, all remarks directed to said Prophet should start with
"To Honourable Prophet (Name)", "Dear Prophet (Name)", "Your Far Sightedness" etc.


Basically, each contestant records their predictions for

1. date of increase
2. percentage of increase

for E.On and NPower.

You start from 100 points, and we deduct points from it.
The contestant who gets highest score wins.

The date range is 1st December 2010 to 31st March 2011. You can say no change. For every day you are wrong by, you lose a point. So, if you say 7th January, but E.On raises rates on the 15th of January, you lose 15 - 7 = 8 points.

The percentage range can be negative for decrease, 0% for no increase, and sky's the limit for increase.You lose the difference in percentage, up to 1 decimal point. If you predict an increase of 5.6%, but E.On increases by 7.3%, you lose 7.3 - 5.6 = 1.7 points.

So if you get everything spot on, you can a perfect score of 100.

We go by information published in MSE News.


For a tie breaker, you can recommend a tariff to switch to. It must be a tariff you can switch to on the 1st December.
You must record the relevant details for the tariff, like rates, end date, Welcome bonus, etc. in the entry post. We calculate the amount payable by a user who uses 10kWh electric/100kWh gas a day, from 1st December to 1st April 2011. Obviously the lowest payable amount wins.


Entry valid from 1st December to Friday 10th December.
NO EDITING allowed. Edit disqualifies an entry.

If no one gets more than 60 points, there is NO winner.
The result an be calculated as soon as both NPower and E.On have increased their tariffs. Subsequent increase do not count. Latest will be 1st April, if no increase happened.

If you have suggestions for changing the rules, post on this thread. Then we can start a separate thread for the entries.

Plushchris

I'll play..

Npower 8% on Gas and 3.5% on Electric effective from 1st Jan

E-on 5.8% on Gas 2.8% on Electric effective from 1st Feb

Pincher

Pincher's crystal ball says:

NPower 13th December
Gas 9.7%, Electricity 0%.

E.On 6th December
Gas 5.3%, Electricity 3.1%

Recommended tariff: EDF Online [EMAIL="S@ver"]S@ver[/EMAIL] v7
Since EDF says they won't increase until April, it's effectively a fixed rate for this competition.


According to Moneysupermarket.com,

EDF Online [EMAIL="S@ver"]S@ver[/EMAIL] v7 tariff details are:

GasStanding charge £0.26 per day
Unit Rates 1: 2.7710p
Gas Discount:
6.00% per year.
ElectricityStanding charge £0.30 per day
Unit Rates 1: 7.6755p

Electricity Discount:
6.00% per year.
Discount: £8.40 per year.

NOTE - The '£100 Welcome Bonus' is only available to NEW customers. The £100 will be credited to your energy account within 90 days of your supply having transferred. Min 2% discount off standard rates until 31/12/11. Termination fee £30 per fuel may be applied if customer changes supplier.
All costs are inclusive of VAT.

Pincher

Just to record current standard tariff,
the following are taken from Moneysupermarket.com

=========================================
NPower Standard

GasStanding charge £0.00
Unit Rates 1 Up to 4572Kwh 7.6157p
Unit Rates 2 2.5274p
Gas Discount:
£52.50 per year.

ElectricityStanding charge £0.00
Unit Rates 1 Up to 728Kwh 15.0045p
Unit Rates 2 13.1460p
Electricity Discount:
£42.00 per year.
Discount: £10.50 per year.

All costs are inclusive of VAT.
======================================

EON Standard Energy Plan

GasStanding charge £0.00
Unit Rates 1 Up to 2680Kwh 6.5247p
Unit Rates 2 3.1584p

ElectricityStanding charge £0.00
Unit Rates 1 Up to 900Kwh 22.1865p
Unit Rates 2 10.7100p

Discount: 8.00% per year.

Customers who register their Tesco ClubCard with E.ON will also receive 1 point for every £2 spent. These prices are available from 16th March 2009. Customers will receive a minimum of 2 statements per year
All costs are inclusive of VAT.

Note that Energy Online has 2% extra discount for managing the account online, but we are using Standard Energy Plan as the standard tariff.