MSE News: Scottish Power launches cheapest fixed energy deal

jalexa

My only comment is beware fixed-term maturity not even in the middle of a winter heating season.

Wobblydeb

After being right royally done over when they put their prices up recently they can keep their fix.

I switched to the EDF fix and will not touch Scottish Power again with a bargepole.

backfoot

grahamc2003 wrote: »

Still happy with my recent fix till 2015. And if or when I'm not, I'll pay £30 to cancel - not that I expect that situation to arise - certainly the new one year SP fix doesn't interest me.

The way I see it is that the source fuel costs are becomming less and less of our power bills - retail electricity bills for example comprise just 30% for their wholesale cost, and even that is far from 100% source energy. More and more electricity will rise due to a multitude of green costs piled onto them - someone has to pay for the fits, the windmills, the operating subsidy to most forms of renewable energy, 'free' cavity wall insulation etc etc. Good luck if you think these elements are going to decrease, or even increase less than any possible decrease in source fuel costs such as oil, coal or gas. Then we have, or we'll soon have out of necessity, a Nuclear build program, the costs of which will also be loaded on (as will the planned grid extensions for remote and off shore windfarms, adding up to billions).

You tend to hear some of those factors when oil prices drop (as the excuse for not dropping prices), but you don't hear them when prices are bumped up due to rising oil prices.

Which product was this ,please? Is it the one that ends in Jan 2015?

What was the premium to fix above the cheapest variable tariff at the time?

I like the concept of longer term fixes but would be interested to see what the up front cost was. I might track my own performance against that fix for interest purposes.

grahamc2003

backfoot wrote: »

Which product was this ,please? Is it the one that ends in Jan 2015?

What was the premium to fix above the cheapest variable tariff at the time?

I like the concept of longer term fixes but would be interested to see what the up front cost was. I might track my own performance against that fix for interest purposes.

Yeah, its the scot power 2015 fix (which actually ends dec 31 2014).

Iirc, it was about 30% more than the cheapest variable at the time, but of course I'd expect that variable rate to rise pretty soon. It was a small premium to my increased rate for Britich gas for websaver 11 in seeboard area, e7. The bgas rise was, for my consumption, about 35% (it even surprised the b gas lady who checked and double checked the rise when I queried it when I checked I wouldn't have to pay an exit fee).

So my bills (i'm all electric), will rise by about 37% from what I'm paying today (I'm in the process of switching). If i didn't switch, I'd be paying 35% more, and if I switched to the cheapest available non-fix, I'd be paying about 10% more, roughly.

There was another fix available (i think edf), but that was for a year less. The prices for day and night rates (and tier one conditions) were quite different from sp's fix, yet coincidentally, the annual cost worked out almost exactly the same based on last years consumption, so obviously I went for the longer fix.

The point is, if by some miracle, rates drop (in more than an ephemeral marketing way), and it looks like they'll stay down, it'll only cost me £30 to switch (but the chance of that I, unlike many others it seems, put at pretty much zero).

donny-gal

I left SP due to the end of the contract, and a saving to change. Yesterday I had a call to say "you are thinking of leaving us", no I said, I have already left, "well due to all the rises we are now the cheapest", no I fixed before the rises, and I am fixed for a year. Call me back in a year if you are still cheaper.

They have lost lot of customers as many of us fixed with them here when they offered a good deal, and then as ever we always shop around when it ends.

DG

50Twuncle

I capped my SP prices at electricity 17.057/9.673
Gas 4.72/3.63 p per unit - last month - how does this compare to this new offer ?
Why do these suppliers insist on quoting average bills rather than actual rates per unit ?

StevieJ

I have just noticed that SP have been trying to contact me, it is over a month since I told them I was leaving, I have now switched, what do they expect me to do, switch back I wonder if they have persuaded anyone to do that?

kar999

Too little... too late... putting up my electric by 40% was enough for them to lose my custom for evermore. One of the golden rules of customer service is that a hacked off customer is a customer that is lost forever.

Bye Bye Scottish Power from me and the thousands of others that have deserted you.

gazjoneswales

kar999 wrote: »

Bye Bye Scottish Power from me and the thousands of others that have deserted you.

And hello all the customers they will gain from this tariff coming out

kar999

Maybe for some... and they clearly need to claw back some of their alledged major losses in market share somehow but it's still not as cheap as the supplier/tariff I switched to in July ... as I said in my previous post.. too little too late.