Energy Extra!

babe-ruth

Does any one have experience of this company? I just did a comparison on martins energy saving club and the best savings were with this company.

Also what does TCR mean.

Thanks

HappyMJ

Tariff Comparison Rate

matelodave

The Tariff Comparison Rate is supposed to give you a better idea of your actual cost per kwh and it adds in the standing charge as well. However it only works if you put in you actual annual consumption or a really good estimate.

The idea is to enable comparisons of tariffs with high standing charges and low kwh prices with those which have lower s/c and higher kwh prices however it doesn't work if you just rely on their estimates.

If you compare two tariffs, on with a s/c of 21p a day and a rate of 12p/kwh and the other with an s/c of 35p a day and 10.5pkwh you'll get a TCR of 14.19p or 14.15p respectively using the industry average of 3500kwh a year so the annual cost will be about the same.

However if you are a heavy user, say 10000kwh, then the TCRs change dramatically and you could pay £100 more on the lower s/c tariff whereas a low user on say 200kwh a year would be better off to the tune of about £20 on the lower s/c but higher cost per kwh tariff.

You really need to do your own sums and put in an accurate estimate of your consumption in kwh/year to work out what's best using the comparison sites to point you in the right direction.

Don't believe the savings either as they usually assume that you'll be put onto your suppliers standard tariff at the end of your existing contract. That may well be the case if you do nothing but if you are proactive then you won't let it get that far. Do your own calculations to see how much it's going to cost you, don't just rely on what they suggest your savings might be as I suspect very few people actually realise them in practice.

[Deleted User]

babe-ruth wrote: »

Does any one have experience of this company? I just did a comparison on martins energy saving club and the best savings were with this company.

Also what does TCR mean.

Thanks

Just switched to their fixed plan till Nov 15 today so fingers crossed


9% cheaper than the EON 1 year fixed v5 plan I was on which was due to end Dec 14 with £5 exit fee.


Electric only.

Snowbelle

babe-ruth wrote: »

Does any one have experience of this company? I just did a comparison on martins energy saving club and the best savings were with this company.

Also what does TCR mean.

Thanks

Do you mean Extra Energy? If so see here:
https://forums.moneysavingexpert.com/discussion/4924424