Co-op withdraws Fixed March 2015 tariff

Consumerist

The Co-op's Fixed March 2015 tariff has been withdrawn and replaced with a Fixed July 2015 tariff.

Standing charges are unchanged at £73.00 pa (monthly DD) but unit rates have gone up by an average of around 3.5%.

penrhyn

Due to an increase in coke prices no doubt.

NittyGritty

Consumerist wrote: »

The Co-op's Fixed March 2015 tariff has been withdrawn and replaced with a Fixed July 2015 tariff.

Standing charges are unchanged at £73.00 pa (monthly DD) but unit rates have gone up by an average of around 3.5%.

every new tariff comes with a price hike in unit rates

Consumerist

NittyGritty wrote: »

every new tariff comes with a price hike in unit rates

Yes, it makes you wonder why there is so much fuss about pre-winter hikes when they're only the tip of the iceberg in the greater scheme of things.

I see that Ovo have re-vamped their Just Reward scheme too; it's now a fixed £60 pa discount, paid monthly, instead of a 5% discount from each bill. Is this what Ofgem might call "innovation"?

inearlygaveup

Received from Co-operative Energy on the 24th December.

We need to let you know about some changes we have had to make as a result of a Retail Market Review that has been undertaken by our regulator, Ofgem. The aim of their review has been to create a simpler, clearer and fairer market place for energy customers.

To meet the new requirements following this review, all energy suppliers have had to evaluate the incentives offered to their customers. After 31 December 2013, energy suppliers will no longer be able to offer certain types of discount to their customers.

How does this affect you?
Currently we offer the following incentives because you are a member of Co-operative Group

One membership point for every £1 you spent with us
Share of the profits distributed each year

The regulator has instructed us to cease operating this scheme as of 31 December 2013. This is because you, as a member of Co-operative Group, do not have a direct democratic link to Midcounties Co-operative.

Don't understand why they can't continue as its a members profit share scheme - Ofgem again fantastic.

I also used to get extra points for reading my own meters each month – what will I get now
Disgruntled member

Consumerist

inearlygaveup wrote: »

Received from Co-operative Energy on the 24th December.
. . . The regulator has instructed us to cease operating this scheme as of 31 December 2013. This is because you, as a member of Co-operative Group, do not have a direct democratic link to Midcounties Co-operative. . . .

One would have thought that if you are a member of the Midshires Co-operative then you are entitled to vote at AGMs. Isn't that a direct democratic link? Very odd !

penrhyn

Never mind, just think they can give the money they are not giving you to Ed Balls.