Co-operative Energy

BillBrum

Hi all

As a Scottish Power OE10 customer with Economy 7, I am having to consider my options. Does anyone have experience of Co-op Energy, which appears to have the best prices at present?

Co-op
Day rate 10.91p
Night rate 04.64p
Fixed charge £63.00 per annum

I haven't found much in the way of reviews.

Premier_2

Hardly anyone will have any experience of them - they only launched last month

(There was a limited pre-launch trial before this)

It's a variable rate tariff - they don't offer fixed/capped tariffs. Expect prices to rise shortly.

macman

How can you 'review' an energy company's products? It's the same gas and electrcity, delivered over the same networks.
In the current climate most people will use a comp site and go for the cheapest option.
The only other 'variables' are customer services and billing-as long as they can get the latter right, you should never need to call them , even more so if you use an online account and billing sytem.

ian1969uk

I am thinking of switching to them. I like the idea of not lining the pockets of company executives, and they have a commitment to using renewable energy sources.

They are also doing £50 off first bill for sign ups before July 22nd. You can become a member on sign up and so share some of the profits in the form of points which can be spent in co-op stores and the like.

On my expected energy spend, I'd get the £50 off first bill and then almost the same in vouchers at the end of a year, which is effectively one months free power for me. That's about as good as it gets in the current climate as far as I can see.

Additionally, there is no minimum contract and no exit fees, so if they do raise prices too much then it's easy to switch.

BillBrum

Thanks all so far, even Macman, for thinking that I was asking if Co-op's electricity was in some way different from anyone else's. Made me smile. Ian - I had seen the £50 sign-up offer, but hadn't realised about getting loyalty points, so thanks.

I'm sure that Co-op's prices will be raised and I know that there is not a fixed plan available through its website, so it's a gamble (no, not a cash bet against the result of a game of chance, rather a risky action undertaken with the hope of success).

So, the firm is fairly new - if anyone who reads this knows anything more about it, I'd be really interested to read your review .

I notice from its website that its prices to date for E7 in my area have altered to date as follows:

13Dec10
Day rate 10.91p
Night rate 04.64p
Fixed charge £105.00 per annum

13Apr11
Day rate 12.15p
Night rate 06.34p
Fixed charge £63.00 per annum

27May11
Day rate 10.91p
Night rate 04.64p
Fixed charge £63.00 per annum

I wonder if any of you guys who have industry knowledge or just more experience than do I in these things would have a view on the way these prices have moved, esp. in relation to the fixed charge. Maybe the firm learnt some lesson through the trial mentioned by Premier. Interesting to me that its unit prices went down in May.

I can't decide if the above prices include VAT, as the wording on the firm's tariff states: Co-operative Energy Prices for Domestic Customers
These prices include VAT, which will be added at the current rate of 5%. Either it has printed ...include... but should have printed ...exclude... or it has printed ...which will be added... and should have printed ...which has been added... I know I can ask the firm come tomorrow.

macman

It means that prices include VAT at 5%.

BillBrum

Many thanks.

BillBrum

I wonder if anyone else has thoughts on this.