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

edited 30 November -1 at 1:00AM in Energy
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Former_MSE_HelenFormer_MSE_Helen
2.4K Posts
edited 30 November -1 at 1:00AM in Energy
"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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  • Nada666Nada666 Forumite
    5K Posts
    Yay! It's what the customers want, don't you know? So says Ofgem so it must be true.
  • edited 8 August 2013 at 10:04AM
    WywthWywth Forumite
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    edited 8 August 2013 at 10:04AM
    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
  • rogerblackrogerblack Forumite
    9.4K Posts
    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.
  • WywthWywth Forumite
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    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.
  • edited 8 August 2013 at 11:22AM
    mr_jrtmr_jrt Forumite
    57 Posts
    Part of the Furniture 10 Posts Combo Breaker
    edited 8 August 2013 at 11:22AM
    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. :|
  • 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.
  • 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.
  • millermiller Forumite
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    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.
  • 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!
  • anotheruseranotheruser Forumite
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    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.
    If I don't provide specifics to a question, don't ask for them in your answer.
    When I want specific answers, I'll provide the information.
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