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MSE News: SSE the latest firm to cut gas prices - but you can still save more by...
Former_MSE_Helen
Posts: 2,382 Forumite
in Energy
"SSE has today become the fifth of the big six energy providers to announce price cuts this year..."
Read the full story:
SSE the latest firm to cut gas prices - but you can still save more by switching
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SSE the latest firm to cut gas prices - but you can still save more by switching
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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Energy company speak to English Translation:
We can do what we want as no one in Government is willing to stand up to us.0 -
Yet another advert from MSE advising you to switch via Cheap Energy Club to line Martins pockets and the parent company's !0
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shammyjack wrote: »Yet another advert from MSE advising you to switch via Cheap Energy Club to line Martins pockets and the parent company's !
Exactly and MSE uses its access to the public through its media appearances and its own so called 'news' for its commercial gain. Note it did not include a forthcoming competitive switch from rival Big Deal in its 'news' story. Journalists are banned from using commercial information they have in advance for their own advantage which is what this 'news' story does. I don't think it would stand up in law as editorial which is why MSE is fuzzy about the job titles of its staff.
Why this matters is that MSE can stop competitors communicating their offers to the public via news channels, both its own and mainstream news, which are protected in law from commercial influence. It can also control the questions and answers about its own business.
(Should have said Moneysupermarket.com Group plc as it owns this website)
It is unfair the way the story attacks viciously a company but the so called journalist writing it has not asked MSE about its 3 year collective switch which consumers might feel now was the wrong product, or why MSE seems to have recently been endorsing Extraenergy plugging it on Radio 5 Live when a few months ago it was not a top pick. Has EE's commissions to MSE changed?0 -
MSE probably made quite a bit of commission from repeatedly encouraging one particular big switch a few weeks ago.
Within 2 or 3 days, and before the end of their promotion, it was no longer the best deal available.
I'm tempted to wonder if their contacts with other suppliers to negotiate exclusivity had given them advance knowledge of forthcoming rival products.
Fixed ahead prices have dropped once or twice more since then, but the people on the highly pushed big switch may think they are fine for several months, or they'd face an exit fee if they move again.
In Martin Lewis's own words, the recommended tariff had much lower exit fees than rivals. Within only a short time this was made no longer true by some new tariffs with zero exit fees.
Surely in a time of forecast falling prices, the true money saving advice would be stay agile and keep your eyes open, ready to switch 2 or 3 or more times in 4 or 6 months, avoiding exit fees?
There seems to be recent overblown slagging off of Scottish Power as well, despite this having the best year ahead fix (or within £1 of best for some) for average usage just at the moment.
... until the next round of new cuts ...0 -
Oops should have read this first, I've just switched from the company mentioned here to another, it'll save me nearly £500 a year though. There are exit fees, but I'll be better off than I am now for the next 17 months.Start Date 16/09/2015
Original amount outstanding = 225,000 Current amount outstanding =199,812
Original LTV = 64% Current LTV = 49%
Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.310 -
(it'll save me nearly £500 a year though )
Thats a lot are you sure .0 -
That's what it said. I haven't switched in years and live in a pretty
old detached house.Start Date 16/09/2015
Original amount outstanding = 225,000 Current amount outstanding =199,812
Original LTV = 64% Current LTV = 49%
Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.310 -
Watch out for high exit fees!!
So how low can we go? I for one don't think that the best deal today will be the best deal in 1 or 2 months time, prices are falling and over the next couple of months suppliers will compete to get the best spot on comparison sites. Beware of locking in today and facing heafty exit fees if the price falls further.
Also I note currently the best deals are for 12 months, one supplier may offer a good deal on 24 months. That would be nice.. And save this nonsense again in 12 months time...0 -
I wish energy prices would fall for those of us locked into Calor gas for heating.0
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