Comparison; which is right?

Rekusu

Hi there, Rather late to the ball, I have been checking some gas/electricity switching site to compare prices. I am particularly taken by a small energy supplier (*v* Energy) because I approve of their simple to understand pricing policy. I entered my annual kWh for both gas and electricity on the *v* web site and was given a £176 saving. I also entered the same information on the Which/Switch site, and half way down the results page, *v* appeared with a saving of only £86. With almost a £100 price difference, how does one know if one is getting a good deal with any of the energy companies? Energy pricing is confusing but I am finding that so is the information supplied by the comparison web sites. Discuss? Rex

jalexa

Rex wrote: »

Discuss? Rex

Provide your raw data and we will.

pooch

Who are *v* energy? :huh:

Do you mean Ovo Energy?

notbritishgas

Ah took a while for the penny to drop, I was looking for a new energy company *v*.
I presume it is OVO.:rotfl:

Edit: Snap pooch.

Rekusu

Yes, it's Ovo. Did not know if it was appropiate to name them. For the discussion, my gas and electricity last year was 11861 and 3156 kWh. Rex

pooch

Rex wrote: »

Yes, it's Ovo. Did not know if it was appropiate to name them. For the discussion, my gas and electricity last year was 11861 and 3156 kWh. Rex

We also need to know the current supplier and tariff that you entered

jalexa

Rex wrote: »

Energy pricing is confusing but I am finding that so is the information supplied by the comparison web sites.

Yes, there have indeed been reports of that confirmed by my tests.

If you look at the annual costs for your next tariff (forget the individual sites "savings") I think you will find the results are more consistent.

pooch

jalexa wrote: »

Yes, there have indeed been reports of that confirmed by my tests.

If you were to provide the raw data, we could discuss this too

jalexa

pooch wrote: »

If you were to provide the raw data, we could discuss this too

search the forum archive for the data used.

Rekusu

Sorry not to have provided all the necessary info. At the moment, I'm with Brit. Gas and E.On, plain vanilla tariff, paid quarterly when the bill arrives.

I was comparing annual kWh which last year were 11861 for gas and 3156 for electricity.

I know that to make the best saving, I will be looking at Duel Fuel, with monthly DD. I don't actually like monthly DD, but if Ovo can save me £170 per year as the quote from their web site suggests (£80 from the Which Switch site!) then I probably will be swayed.

In my opinion, the major factor that Ovo have in their favour is the plain vanilla tariff structure. You pay for what you use; that is how it should be for all providers, but that is a different soapbox.

Rex

Rex

jalexa

Rex wrote: »

In my opinion, the major factor that Ovo have in their favour is the plain vanilla tariff structure. You pay for what you use;

I don't understand what you mean by that. OVO only have 2 main tariffs, both are standing charge tariffs. Other suppliers also offer standing charge tariffs which there is an industry move towards. With OVO monthly direct debit is mandatory:eek:. Other suppliers at least offer DD refuseniks choice at a cost.

There may be questions about comparison website consistency but all agree you can make significant savings by switching from the daft expensive method of single fuel standard tariff quarterly full bill to dual fuel monthly direct debit.

What you do is up to you but I think you completely misunderstand where the OVO offer sits in the whole of market comparison.