MSE News: Npower cuts down its tariffs – but kills off top pick

Former_MSE_Helen

"Npower has today cut the number of energy tariffs it sells from seven to four, but it's axing one of the top fixes..."

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Npower cuts down its tariffs – but kills off top pick




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Nada666

Yay! It's what the customers want, don't you know? So says Ofgem so it must be true.

Wywth

MSE voters also appear to support this move.

In a recent poll, only 1 in 5 wanted to keep the previous system of multiple tariffs
http://www.moneysavingexpert.com/poll/24-06-2013/should-there-be-fewer-gas-and-electricity-deals

Well done everybody

Edit:
This is a similar result to a similar MSE poll carried out a couple of years ago
http://www.moneysavingexpert.com/poll/26-09-2011/are-there-too-many-gas-electricity-choices

rogerblack

Wywth wrote: »

MSE voters also appear to support this move.

To a very, very limited extent.
8% favour fewer tarrifs over the current system.
30% would prefer regulated fixed prices with no competition.

Wywth

rogerblack wrote: »

To a very, very limited extent.
8% favour fewer tarrifs over the current system.
30% would prefer regulated fixed prices with no competition.

I think you must be looking at different polls to the ones I linked to

80% favour fewer tarrifs over the current system including about 50% who would prefer regulated prices or nationalisation (No competition, the regulator fixes prices) or one flat rate per company.

mr_jrt

Glad I got in a week or two back on the Feb 2015 deal when I did then as my old tariff ended at the end of August...seems I still have to hang around for 12 months for the DD rebate though

They still wanted to bump my DD payments up £30/month for the standard variable tariff knowing full well everything would be changing though.

William_Barnes

Last year when the government announced this hairbrained scheme I predicted that it would be the better tariffs than would disappear. Seems I was right. And that regular switchers would be the ones penalised.
If only politicians lived in the real world, sigh. Maybe they could have foreseen this too.

JamesMason_2

RMR. Many have reduced to 3 or 4 tariffs anyway, so NPower perhaps being slow?

Also an advantage with kicking the top pick results in less switching in, allowing for more breathing room given their current issues.

miller

mr_jrt wrote: »

Glad I got in a week or two back on the Feb 2015 deal when I did then as my old tariff ended at the end of August...seems I still have to hang around for 12 months for the DD rebate though

Well done for noticing this sneaky one tucked away in their T&C's. It is effectively a sliding cancellation penalty. Scottish Power (previous supplier) applied discounts pro-rata when bills were calculated which is much fairer.

If they offer a raw deal (or no deal) in February, you would have to factor the £50 or so discount accumulated, but not paid into the equation. Or reassess in August 2014 once the discount has been paid.

MarkBargain

I hope we are all enjoying privatisation as these companies make huge profits and the executives running them get rich. Next up, Post Office, the NHS, even the Blood Service!

anotheruser

mr_jrt wrote: »

Glad I got in a week or two back on the Feb 2015 deal when I did then as my old tariff ended at the end of August.

Same here.
They have been... okay so far. Nothing amazing.

Got a letter saying "we're your new gas supplier", no word of electric (despite signing for dual fuel).
Sign up online and it shows electricity but no gas :rotfl:

Will wait for it all to settle and see then.