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MSE News: Government's cheap energy plan unveiled
Comments
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To translate, we will remove the cheapest tariffs and make more money out of all you suckers. Because the government is telling us to!That gum you like is coming back in style.0
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As true moneysavers this is going to cost us more. Yes may be this is a selfish attitude, but that is the reality of the change.0
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But that is a maximum of 4 tariffs per supplier, which to compare apples with apples, we would need to multiply by the number of suppliers (lets assume the 'big 6' plus the 'little 8'- although there are probably more than that)and that would still result in a baffling 50+ choice of tariffs for a customer to still chooose from.
Are we going to get an explosion of small subsidiary companies to allow the big companies to get round the 4-per-supplier limit ?0 -
As true moneysavers this is going to cost us more. Yes may be this is a selfish attitude, but that is the reality of the change.
But do remember, that in a poll of 3500 MSE'ers last year, the vast majority wanted simplification, even if is some cases that meant higher prices
http://blog.moneysavingexpert.com/2012/10/18/the-pms-energy-plans-exactly-what-people-want-but-will-he-do-it/0 -
psychic_teabag wrote: »Are we going to get an explosion of small subsidiary companies to allow the big companies to get round the 4-per-supplier limit ?
Perhaps, unless they define a supplier as each with their own unique supply licence.
As Ofgem say they will enforce the rules through the licence, won't that be the only way they can effectively define a supplier?0 -
This part is interesting.... While there will be a maximum of four tariffs, suppliers can offer different variants of these depending on how people pay. So they could include discounts for direct debit or a premium for pre-payment.
It would be justifiable as Prepayment customers cost a lot more to service for the suppliers so I hope we do not see an increase in their prices. Currently most suppliers charge them at the same rate as a standard credit tariff and often lose money on them.
Self Employed, Running my Dream Jobs0 -
I wonder if "cheap" is the correct term and how will this plan make energy cheaper?0
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As true moneysavers this is going to cost us more. Yes may be this is a selfish attitude, but that is the reality of the change.
Hi, approximately 15% of us bother to switch and can save up to 20% so we will end up paying more for our utilities - the savings pot will basically be the 20% we save shared out between everyone so 15% of that 20% will roughly equate to around 3% saving .
Which means the average saving will be less than £40 per year/ £3 per month.
The average punter won't even notice the difference !!0 -
Hi, approximately 15% of us bother to switch and can save up to 20% so we will end up paying more for our utilities - the savings pot will basically be the 20% we save shared out between everyone so 15% of that 20% will roughly equate to around 3% saving .
Which means the average saving will be less than £40 per year/ £3 per month.
The average punter won't even notice the difference !!
Thank you Andrew Mitchell.0
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