Co-op Energy OWNED BY YOU

swimmer_2

Unfortunately I am a NPower customer with an outstanding balance so at the moment I can't switch to CoOp Energy, but as soon as I am free of the Fat Cat shackles of NPower, I'm switching and urge EVERYONE to do the same.

Why?

The company is owned 100% by customers, so its the next best thing to re nationalising electricity. No fat cats, and if they make a big profit the customers get it back in dividends. If you have Twitter, facebook please pass it on, if thousands switched to them bills would get cheaper and it would bring Npower (who got fined 2million pound recently for shocking customer care) or should that be couldnt care less and the other foreign owned multi national corporations to their knees. :T:T

SO FOR 2012 GET POWERED BY PEOPLE POWER FROM CO-OP ENERGY. :j:jBy the way they're not paying me to write this, I just think it sounds like everything I have been looking for from a power supplier and think it would also suit many other people who have run ins with these big utility companies and would prefer to pay their money to a company owned by customers.

Get switching here -

http://www.cooperativeenergy.coop/

grahamc2003

I wouldn't get too enthusiatic. Milk at our local co-op is 50% more expensive than from no-doubt-nasty Tescos. Not sure how that fits in with your views.

Like the benfits of owning a mutual building society, they are largely illusionary imv.

scotty1971

just done a comparison with them only£333 more than my current supplier EDF!!!!

bob_bank_spanker

Thanks for the link, just put my kwh figures in, only £287 more than my current tariff with an evil big 6 company!

Not sure if touting for business is allowed on these forums, but touting for business that will see moneysavers have to pay a lot more for a product that is exactly the same is just charming.

Do one

brightonman123

a big IF there.. i bet admin charges and 'reinvestment blah blah will negate any likely dividend to the 'owners'..

just like some 'free shares' i got for a company i never heard of.. the value eventually went up, but only one (their own?) trader was allowed to deal, and the charges was far more than shares value!

RedFraggle

grahamc2003 wrote: »

Milk at our local co-op is 50% more expensive than from no-doubt-nasty Tescos. .

They pay the farmers a pittance too, despite their "ethics".

Andy_WSM

I'd get off lightly then as
"We are only £198.00 more per year than your current supplier."

Think I'll give that a miss

Maysie

hmmmm i am in an exspensive area looking at this its actually cheaper
You could save up to

£92.00

per year


Earn points worth up to

£29.00

per year*


we are looking to changeover as southern electric used to be cheapest gas/elec for us but no longer are.

MichaelNW

swimmer wrote: »

The company is owned 100% by customers, so its the next best thing to re nationalising electricity. No fat cats, ....

No fat cats? CEO Peter Marks was paid a basic salary of £900,000 in 2010, with a performance-related bonus of £449,000. The basic salaries of the thirteen executives adds up to £4,071,000, with their bonuses adding up to £2,121,000.

(source: Wikipedia / The Co-operative Group, 'Building a Better Society: Annual Reports & Accounts 2010', p. 57)

kar999

grahamc2003 wrote: »

I wouldn't get too enthusiatic. Milk at our local co-op is 50% more expensive than from no-doubt-nasty Tescos. Not sure how that fits in with your views.

Like the benfits of owning a mutual building society, they are largely illusionary imv.

brightonman123 wrote: »

a big IF there.. i bet admin charges and 'reinvestment blah blah will negate any likely dividend to the 'owners'..

just like some 'free shares' i got for a company i never heard of.. the value eventually went up, but only one (their own?) trader was allowed to deal, and the charges was far more than shares value!

Dont knock the business model until you know the true facts.

I don't do my main shopping at our local village coop but use them as a convenience store as it would cost me at least £2 in petrol to my nearest supermarket. The newspapers are the same price and some of the bogofffs and offers are as competitive as the big supermarkets. I've just got 1.3p in dividend for every point earned and I accrued 10 points for every £1 spent in Midlands Co-operative stores. That's not a bad return (do the maths ) for a few basic necessities and you can exchange the dividend for hard cash.

They were also the cheapest for energy for me in July (Area 14) and I got £50 guaranteed discount off my first bill for a single fuel electricity switch + points for consumption spend and monthly meter readings.

....and the silence from the big six "cartel" announcing their price reductions is deafening!

TanDiy

We changed to Coop Energy a few months ago as they were alot cheaper than our current suppliers (BG and Southern Electric). I guess it is horses for courses - cheapest price, business ethics or what you personally consider to be the best value. We could save another £12 per month with EDF but we value being able to speak instantly to helpful staff, having a very simple tariff that we can understand and having an easy to use website where we can instantly see our payments and bills, etc. We also took advantage of the introductory £50 offer and enter meter readings each month to get the points and making it easy to analyse monthly usage. The changeover was simple with no problems. Of course, things may well change if they start to pick up more customers.