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MSE News: Government's cheap energy plan unveiled
Comments
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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 !!
Making the whole point of switching even more futile than it currently is. Can you imagine Martin banging on about "switch your energy company now and save up to £40" when your annual bills are in the region of £1200-1500 .whoopee:money:0 -
Looks like its curtains for the likes of U Switch etc if this takes off.That gum you like is coming back in style.0
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Looks like its curtains for the likes of U Switch etc if this takes off.
I can see a loophole in the new rules. There's nothing to stop the companies having a "USwitch collective tariff" and a "Money Supermarket collective tariff" and so on. Pretty soon, there will be dozens of different tariffs again, with no realistic way to compare them - which is just what the energy companies want.If it sticks, force it.
If it breaks, well it wasn't working right anyway.0 -
The road to hell is paved with good intentions, as they say!0
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well ofgem took 2 years to come up with this fewer tariffs so ofgem guy said on tv ,wonder how many people it took to think of it.I would like to see not tarifffs but unit prices of energy shown we dont need tariffs at all .why should someone who has access to a computer just get it cheaper?.All the old people some who fought for our country who dont have a computer have to pay more not fair.
With less tariffs yes some comparison sites might go out of buisness
does anyone know how many millions are paid to comparison sites from energy companies each year? this must be added on all our bills somewhere along the line.
Its like when you fill your car up with fuel only a small proportion is for the fuel.Seems like every one is making money out of our gas electric and we have to pay for it
Less tariffs is good thing in the long run in short term bills will rise0 -
Consumerist wrote: »If the energy companies are required to advise their customers of cheaper tariffs available from them, there might me more "in-house" tariff switching which will still help reduce energy bills.
They won't have to do price comparisons between different tariff classes. We can expect that they'll stick religiously to the pretence that your preferences are a matter of taste rather than price, and make it as hard as possible to figure out which tariff class will work out cheapest."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
From what I have gleaned from the article, it seems likely to be the axing of the so-called "dead tariffs" which will cause the most change. The overall thrust is probably to get what Ofgem calls "sticky" customers on the move. If there are as many as Ofgem suggests then the shift could be significant.
Warning: In the kingdom of the blind, the one-eyed man is king.
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Consumerist wrote: »From what I have gleaned from the article, it seems likely to be the axing of the so-called "dead tariffs" which will cause the most change. The overall thrust is probably to get what Ofgem calls "sticky" customers on the move. If there are as many as Ofgem suggests then the shift could be significant.
Yes, these are all customers that the supplier knew they were overcharging but kept quiet about it. If they don't ask, our conscience is clear policy.
Its not a new concept anyway as suppliers have been removing products for years and writing to customers to move them onto the new live equivalent...hence the Npower SOL376543567655 situation...;):D
Its does also say it only has to have up to 4, it doesn't say must be 4. So, what about customers on those unpopular tariffs such as E10 who may be saddled with standard rates still? It would have been good to see this addressed to open up all types of tariff & discount to them.:rotfl: It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!:rotfl: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 !!
Are you sure about that, that switching saves money?
This household has only switched once in 8 years, at the end of a very fortuitous fixed deal which towards its end only one other company could get within £150 a year of it, many about £300 more, and is still with the same company on a lower tariff than published, such that the last time I did a comparison nothing came close.
So no switch here. But are you suggesting our price should be higher for your benefit?0 -
So no switch here. But are you suggesting our price should be higher for your benefit?
No, I am just saying that it's a lot of fuss about everybody being put on what will by then be the cheapest tariff and the saving will be negligible.Are you sure about that, that switching saves money?
I have found that by switching at the right time of year I have managed to save hundreds over many years.
In April/May I switched to a fixed tariff, which was only offered for a short period, and when now entering my details into comparison sites there is no tariff currently offered within £100 of this price and variable tariffs are some £260 more.....based on my useage.0
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