Co-op Energy Fix 2017

Organist

Yesterday I noticed the above new tariff, I'm currently on the Co-op Fixed until April 2014. I contacted the Co-op to ask if I could switch to the new tariff without paying exit fees. I was told I could and therefore asked to transfer to the new tariff which is limited, I think to 10,000 customers. Later in the day I was telephoned and informed that I would have to pay the £60 exit fee to move tariffs. This means effectively that anyone on the fixed to April 2014 tariff is unlikely to move to the 2017 tariff which will presumably be unavailable in April next year. I can understand the Co-op charging the exit fee if you move to another supplier but it seems a bit short sighted charging for moves within the Co-op.

I'm now considering moving to EDF's 2017 tariff and getting the £30 transfer fee from Moneysavingexpert. Therefore being charged £30 for moving from the Co-op.

MillicentBystander

Co-Op Energy promised so much but actually delivered so little. I'm a Co-Op member and had high hopes for them when they launched. Been very disappointed to be honest.

NittyGritty

Organist wrote: »

Yesterday I noticed the above new tariff, I'm currently on the Co-op Fixed until April 2014. I contacted the Co-op to ask if I could switch to the new tariff without paying exit fees. I was told I could and therefore asked to transfer to the new tariff which is limited, I think to 10,000 customers. Later in the day I was telephoned and informed that I would have to pay the £60 exit fee to move tariffs. This means effectively that anyone on the fixed to April 2014 tariff is unlikely to move to the 2017 tariff which will presumably be unavailable in April next year. I can understand the Co-op charging the exit fee if you move to another supplier but it seems a bit short sighted charging for moves within the Co-op.

I'm now considering moving to EDF's 2017 tariff and getting the £30 transfer fee from Moneysavingexpert. Therefore being charged £30 for moving from the Co-op.

what are their 2017 unit prices?

Organist

Electricity Prices - single rate

North West England
15.44p Service Charge Annual £73.00

Gas Prices

North West England (16)
4.07p Service Charge Annual £105.00

They are slightly dearer than EDF's 2017 fixed tariff

JJ_Egan

MillicentBystander wrote: »

Co-Op Energy promised so much but actually delivered so little. I'm a Co-Op member and had high hopes for them when they launched. Been very disappointed to be honest.

head man has spent it all on sex drugs and rock n roll

JezR

Co-op Energy is part of The Midcounties Co-operative, not The Cooperative Group.

patientperson

NittyGritty wrote: »

what are their 2017 unit prices?

This is the electric price:

Another smaller player : Co-operative Electric. Energy Prices (incl VAT) for Domestic Customers (Fixed Price March 2017) by region and price (pence per KWh).
East England 14.21 / East Midlands 14.49 / London 14.62 / North Wales,Merseyside and Cheshire 16.76 / West Midlands 13.97 / North East England 15.03 / North West England 15.44 / North Scotland 17.13 / South Scotland 14.43 / South East England 15.08 / Southern England 15.17 / South Wales 16.26 / South West England 16.62 / Yorkshire 14.49.

Point also to consider .. if the green levies are reduced then I am advised that the fixed tariff will not be reduced correspondingly.
From the above we can see:
3 most expensive: North Scotland (17.13) North Wales (16.76) South West England (16.62).
3 cheapest: West Midlands (13.97) East England (14.21) South Scotland (14.43).

patientperson

JezR wrote: »

Co-op Energy is part of The Midcounties Co-operative, not The Cooperative Group.

Quite correct. Their website is easy to use when providing a meter reading. And as a small bonus one still receives points so not all co-op divi has been cancelled.

patientperson

MillicentBystander wrote: »

Co-Op Energy promised so much but actually delivered so little. I'm a Co-Op member and had high hopes for them when they launched. Been very disappointed to be honest.

Can you say why?

patientperson

JJ_Egan wrote: »

head man has spent it all on sex drugs and rock n roll

Nice one :beer: :rotfl:

Consumerist

To me, the Co-op Energy Fix 2017 seems like a poor deal compared to the Fix March 2015.

In my case the Co-op's annual costs came out as follows :-

Fixed until March 2015: £1,088 pa
Fixed until March 2016: £1,205 pa
Fixed until March 2017: £1,286 pa

The Co-op must be expecting HUGE energy cost increases during 2015 - 2017.