📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

MSE News: MoneySavingExpert.com launches the 10 day big winter switch event

Options
1679111228

Comments

  • Does the EON MSE Fixed 1 Year Collective Switch tariff charge a IGT fee?
    Next year we'll be millionaires!
  • SnowMan
    SnowMan Posts: 3,685 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    MSE_Dan_L wrote: »
    Hi Snowman - thanks for your comments on this. We've now updated the tariff so that it defaults to show the offline version for both Eon tariffs - you can still select the online version on the application page to receive paperless billing discounts.

    Thanks. All looking nice and consistent now when I log in and do a comparison :j
    I came, I saw, I melted
  • moneyfoolish
    moneyfoolish Posts: 681 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 31 October 2014 at 11:11AM
    footyguy wrote: »
    Your tariff has the possible extra discounts

    1. £35p.a (per fuel) for paying by monthly DD
    ... but this is included in the revised standing charge figure I will show below
    2. £20 dual fuel
    3. £5 (per fuel) for agreeing to paperless billing

    My guess is that uSwitch has not included the paperless billing discounts in their total.

    But the big difference probably comes from an error on the unit price of electricity used in the calculation.

    Energyhelpline and uSwitch (and presumably confused.com and comparethemarket.com) use the followng unit prices & standing charges (inc VAT)

    Electricity
    11.697p per kWh
    16.42p per day (79.95pa) standing charge

    Gas
    3.591p per kWh
    21.90p per day (59.94pa) standing charge



    However, the CEC (which uses the data from MoneySuperMarket.com) appears to use 14.606p per kWh for electricity.

    My guess is that MoneySuperMarket.com and so the CEC have it wrong, but you can check the correct unit price with your bill/agreement.
    (the CEC also does not include the £10 paperless billing possibility)

    Edit: Using the CEC/MSM unit pricing and ignoring the paperless billing discount, the total should be £1455 for the current tariff.
    (this ignores any possibility the tariff will end within 12 months - perhaps you got the slightly higher £1459 figure as you input an end date within 12 months)
    I sent an email as requested by MSE Dan and it was confirmed that the CEC calculation was incorrect. My projected savings have now changed from £184 to £44 although that would presumably be reduced to £34 when the £10 for switching from the EON Collective I'm currently on is deducted - or would it as I'm still using EON? I still have a couple of other questions.
    1. Does the £44 savings include the cashback?
    2. I notice that the standing charges on my current plan are exactly the same as for the MSE collective. The difference for me is that the unit rate on Gas decreases from 3.591p to 3.496p and for Electricity from 11.697p to 11.350p. Are these genuine differences or have the MSE unit rates been modified by some discounts which I've had on my old plan but are not shown in the old rates?
  • MSE_Dan_L
    MSE_Dan_L Posts: 655 MSE Staff
    1. Does the £44 savings include the cashback?
    2. I notice that the standing charges on my current plan are exactly the same as for the MSE collective. The difference for me is that the unit rate on Gas decreases from 3.591p to 3.496p and for Electricity from 11.697p to 11.350p. Are these genuine differences or have the MSE unit rates been modified by some discounts which I've had on my old plan but are not shown in the old rates?

    To answer your points 1) our savings don't include cashback - so you'd get £15 p/fuel cashback on top. 2) Eon include DD discounts in the standing charge - so these will have been included. There are no discounts included in the unit rates of the MSE Collective tariff - the dual fuel discount is included outside of this.

    Hope that helps!
  • MSE_Dan_L
    MSE_Dan_L Posts: 655 MSE Staff
    shammyjack wrote: »
    Already with Eon on V9 for electric and Zog Energy for gas .

    MSE checker refuses to recognise Eon V9 for me and insists on showing data for V7 so it can quote a minuscule saving .

    Hi Shammyjack

    It looks like you might have missed the v9 tariff - we definitely have this on our site. Listed as 'Fixed 1 year v9' - hope that helps.
  • shammyjack
    shammyjack Posts: 2,685 Forumite
    1,000 Posts Combo Breaker
    MSE_Dan_L wrote: »
    Hi Shammyjack

    It looks like you might have missed the v9 tariff - we definitely have this on our site. Listed as 'Fixed 1 year v9' - hope that helps.

    Switched to EOn V7 through you on 14/09/2014. Eon sent offer for the cheaper V9 2 days later. Accepted it.

    Switch to EON through you is complete but CEC still shows switch is in progress . . There is no option to update my tariff other than signing up again with a new email address ! Why ?
  • cklass
    cklass Posts: 216 Forumite
    Hi Dan,

    Someone asked this a page back and I would appreciate some clarification, too: When do people who have previously earned cashback via Cheap Energy Club become eligible for cashback again? Is it 12 months after instigating their last switch, 12 months after their supply start date, or 12 months after their last cashback payment?
  • MSE_Dan_L
    MSE_Dan_L Posts: 655 MSE Staff
    cklass wrote: »
    Hi Dan,

    Someone asked this a page back and I would appreciate some clarification, too: When do people who have previously earned cashback via Cheap Energy Club become eligible for cashback again? Is it 12 months after instigating their last switch, 12 months after their supply start date, or 12 months after their last cashback payment?

    Hi Cklass - thanks for highlighting this to me, not always easy to keep track of queries on here! I've asked our legal team for clarification on this T&C, just to ensure that I get this one 100% right!
  • MSE_Dan_L
    MSE_Dan_L Posts: 655 MSE Staff
    shammyjack wrote: »
    Switched to EOn V7 through you on 14/09/2014. Eon sent offer for the cheaper V9 2 days later. Accepted it.

    Switch to EON through you is complete but CEC still shows switch is in progress . . There is no option to update my tariff other than signing up again with a new email address ! Why ?

    It sounds like we're waiting for an update from Eon on this one - it normally takes around 12 weeks for this to come through (in line with when cashback is paid), during which time your account is locked with this status.

    We'd need to develop some functionality around this to allow our users to manually update this - personally, I think the ideal solution would be for suppliers to provider quicker updates following a switch (we've pushed for this as part of the Big Winter Switch Event), plus introduction of faster switching at the end of this year should also help.
  • thingamaBob
    thingamaBob Posts: 21,232 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I must say I'm confused.
    I thought that the collective switch tariff was supposed to be lower than any other tariff available and exclusive to cec.
    I have just run a cec comparison and this show that the collective switch would save me £70 but just above that it shows that the e.on fixed 1 year v12 would save me £83.
    Both switches would give me £30 cash back.
    Both have the same £10 early exit fees.
    Both are part of Warm Home Discount.
    Both are fixed for 12 months

    The terms of both tariffs seem to be identical except that v12 has a slightly lower gas unit rate and the collective switch has a slightly lower electric unit rate.

    So what do I gain by going with the collective switch? It looks like I would actually lose £13.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.