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Anyone for the Co-op?
ANGLICANPAT
Posts: 1,455 Forumite
in Energy
I noticed in the weekend papers that the Coop is entering the energy market with promises of very 'steady' pricing as oppose to fixes or hikes. Is anyone impressed?
http://www.cooperativeenergy.coop/assets/documents/price-list.pdf
http://www.cooperativeenergy.coop/assets/documents/price-list.pdf
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Comments
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ANGLICANPAT wrote: »I noticed in the weekend papers that the Coop is entering the energy market with promises of very 'steady' pricing as oppose to fixes or hikes. Is anyone impressed?
http://www.cooperativeenergy.coop/assets/documents/price-list.pdf
The MSE reporters don't seem too keen
http://www.moneysavingexpert.com/news/utilities/2011/05/co-op-enters-energy-market-but-is-it-any-good
Having said that, the Co-op is coming out favourable for us for gas ... but it's a little complicated due to their daily standing charges and in the summer we use very little gas so a NSC tariff tends to suit us better (the comparison sites don't cater for such a skewed usage pattern)"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 -
Having said that, the Co-op is coming out favourable for us for gas ... but it's a little complicated due to their daily standing charges and in the summer we use very little gas so a NSC tariff tends to suit us better (the comparison sites don't cater for such a skewed usage pattern)
Just out of interest compared my projected use with EDF Fix v2 (standing charge) and Eon SOL7 no standing charge (nearest equivalent cost on comparison site) and low and behold in the summer for gas EDF are £1.30 cheaper per week and £0.80 more expensive in winter and on electric EDF are £0.20 more expensive in winter (same summer) and that is for a fixed deal. So much for no standing charge being better.
When I say winter/summer I mean half year of high use and half year of low use."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Just out of interest compared my projected use with EDF Fix v2 (standing charge) and Eon SOL7 no standing charge (nearest equivalent cost on comparison site) and low and behold in the summer for gas EDF are £1.30 cheaper per week and £0.80 more expensive in winter and on electric EDF are £0.20 more expensive in winter (same summer) and that is for a fixed deal. So much for no standing charge being better.
When I say winter/summer I mean half year of high use and half year of low use.
You are attempting to compare apples with pears!
You need directly comparable SC and NSC tariffs to make the comparison where if you use the full tier1 allocation in any quarter then the price of NSC and SC will be identical.
The savings then come when, instead of paying ca.20p per day (about £36 for 6 months), we would pay nothing on NSC if we use nothing.
£36 a year saving would be of the order of 10% annual savings for us!!!"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 -
Presumably there's co-op points to be had? If so, this could turn out to be more attractive than it looks at first.0
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You are attempting to compare apples with pears!
You need directly comparable SC and NSC tariffs to make the comparison where if you use the full tier1 allocation in any quarter then the price of NSC and SC will be identical.
The savings then come when, instead of paying ca.20p per day (about £36 for 6 months), we would pay nothing on NSC if we use nothing.
£36 a year saving would be of the order of 10% annual savings for us!!!
They still make crumble.
I understand what you are saying and appreciate you are on low usage.
How do you heat your water?
We only have the gas on for water at the moment twice a day, couple of showers and a bit of washing up still get through 2 - 3 units (60 -90) kwh per week which takes up most of the Teir 1:("If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
From the website here:Presumably there's co-op points to be had? If so, this could turn out to be more attractive than it looks at first.
One point per £ spent plus 50 points per calendar month for sending online meter reading for both electricity and gas. Points assumed to be worth 1.5 pence but subject to profits and member approval. Paid in two instalments in [June] and [November] each year.0 -
premierfella wrote: »From the website here:
One point per £ spent plus 50 points per calendar month for sending online meter reading for both electricity and gas. Points assumed to be worth 1.5 pence but subject to profits and member approval. Paid in two instalments in [June] and [November] each year.
So I would pay over the odds and for every £1000 I spend they might decide to let me have £24 back:think:
Slightly better than a poke in the eye I suppose."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I'm considering them as my tariff ends next month. It will cost more but I'm prepared to do that rather than stay with the dreadful npower - don't want to be involved with any of the big 6.
They have quarterly billing and don't tie you into a 12 month contract either 0 -
I did email them to ask if they intended entering the fixed tariff market in the future but they said not at this moment in time .0
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Maybe they are not loking to make things complicated and offer a limited range of tariffs - meaning thier deals are easier to understand and less of a minefield for potential switchers?0
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