Cheap Energy Club - is it?

MigsyBigsy

I have a further question, using the CEC, i can have a saving of £122, but this is on the following caveat: Your cost and saving calculations are based on 2 months and 3 days on 'EDF Energy Blue +Price Promise March 2015' and 9 months and 28 days on the standard tariff.

My question is: why does it calculate the standard tariff as this will only increase how much i pay? Surely it should calculate the current tarrif over the previous year?

thanks

System

MigsyBigsy wrote: »

I have a further question, using the CEC, i can have a saving of £122, but this is on the following caveat: Your cost and saving calculations are based on 2 months and 3 days on 'EDF Energy Blue +Price Promise March 2015' and 9 months and 28 days on the standard tariff.

My question is: why does it calculate the standard tariff as this will only increase how much i pay? Surely it should calculate the current tarrif over the previous year?

thanks

Blame OFGEM not MSE. All switching sites have to 'compare' in this way. I suppose that the argument for doing it this way is that you cannot stay on your present tariff after March 2015. Personally, I just use a small spreadsheet.

BarryW99

Dan L,

You haven't answered my question.

I wrote this

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If I tfr to say Sainsburys direct will I pay the same as if I switched via the Cheap Energy Club.

If so does this apply to all the others eg Scottish Power, E,On etc or is there a list of suppliers where the Cheap Energy Club has a discounted rate.

If none of the above have a discounted rate what is the point.
**************************************

I don't want to talk about Cashback as this is available elsewhere.

Similarly I am not interested in alerts.

Are you saying that every single tariff via the BWSE2 is cheaper than I could get if I go direct?

If not how many tariffs are there that are discounted and please list all these companies or at the very least a selection.

It would help if you gave me an example.

For your info my postcode is SM1 2TN.

I see there are some negative points in this thread.

You claim you are being transparent here but it is becoming very similar to ML TV shows which to me are all about image and very little substance.

I accept that a dry nuts and bolts TV show would be a turn off so that is fair enough but when you get to this stage I would expect clear concise answers to the questions that have been asked.

I have no problem with anyone making money out of anything least of all you but I want to know how it is going to benefit me if at all.

Tzus

Tzus wrote: »

I followed the link from the Cheap Energy Club (CEC), which believed connected me to the rates offered by the CEC. How else should I have done it? Is there another link? Please explain.

Thanks for your help with the link to Green Energy from the CEC page, however it is the same link I used, and with predictably the same result. In that your CEC claimed to give a saving of £300 + but the offer from your Green Star link falls about £100 + short of that. So, is it your CEC calculations that are wrong, or is the Green Star deal being offered to me wrong?

pearl123

MSE_Dan_L wrote: »

Hi NittyGritty

We've tried to be as transparent as possible about how we make money from switches. The full info can be found in this week's email and also on the Big Winter Switch Event II information page.

This much hyped Big Winter Switch II with Sainsburys should also contain the small print. Ie Sainsbuy's Energy's terms and conditions.
I on a previous occasion nearly joined Sainsbury's energy, however what put me off was the fact the did a credit check and requested a couple of hundred pounds upfront to join. (I've never had credit issues.)
I've tried to find this new tariff by googling it but it is not available. Perhaps you could make in available?
No matter how good a deal, people should not be switching until they see Sainsburys energy's small print/ terms and conditions.

Tzus

Tzus wrote: »

Thanks for your help with the link to Green Energy from the CEC page, however it is the same link I used, and with predictably the same result. In that your CEC claimed to give a saving of £300 + but the offer from your Green Star link falls about £100 + short of that. So, is it your CEC calculations that are wrong, or is the Green Star deal being offered to me wrong?

Sorted! I was reading the result for Sainsbury's 1 yr deal and not the Green Energy deal. Duh!

MSE_Dan_L

pearl123 wrote: »

This much hyped Big Winter Switch II with Sainsburys should also contain the small print. Ie Sainsbuy's Energy's terms and conditions.
I on a previous occasion nearly joined Sainsbury's energy, however what put me off was the fact the did a credit check and requested a couple of hundred pounds upfront to join. (I've never had credit issues.)
I've tried to find this new tariff by googling it but it is not available. Perhaps you could make in available?
No matter how good a deal, people should not be switching until they see Sainsburys energy's small print/ terms and conditions.

Hi Pearl - we did mention the credit check in our FAQs, perhaps you missed this? Also the terms and conditions are including on the application page, so you can read through prior to submitting the switch.
https://cheapenergyclub.moneysavingexpert.com/collectiveswitch#help

It is relatively unusual for a supplier to ask for a deposit in this way, but it does sometimes happen as a result of these checks. But I totally understand that this might put you off switching to it!

The tariff is only available via Cheap Energy Club, so won't show up on Sainsbury's own site/through google searches.

saver861

Dan my man ...

I'm not sure this CEC Sainsburys deal is a runner .... I done the switch last time to the Eon MSE Switch which went through early December. Running the CEC comparison did give me a £150 savings with Sainsburys. However, that is taking into account the standard tariff from early December 15 for the remainder of the year comparison.

I have now changed to the latest and cheapest Eon V15 Online Tariff and run the comparison again. The savings now is £61 - i.e. it is comparing a full 12 months on that tariff.

So even with the £30 switch and minus the £10 Eon exit fees the difference would be £81. With the £60 exit fees from Sainsburys, this would not be worth it. Taking your CEC £75 alert as being a guideline to change, a new tariff would have to be £135 cheaper to gain the £75 benefit. That's assuming there will be cheaper tariffs in the coming year which seems to be the general consensus.

I'm guessing most if not all people that switched on the last Eon collective switch will be in the same position.

If I'm missing something I'm happy to be corrected - especially if it saves me dosh - however, I think I have it pretty close to correct. So not a runner.

NittyGritty

not only is the sainsburys deal NOT for single fuel customers the other green star deals are an absolute joke, it should be renamed "EXPENSIVE Energy Club" if that's the best deals u can come up with count me out lol


I know MSE wants us all to switch so MSE gets its £60 in commission but come on!! that's just shocking

MSE_Dan_L

saver861 wrote: »

Dan my man ...

I'm not sure this CEC Sainsburys deal is a runner .... I done the switch last time to the Eon MSE Switch which went through early December. Running the CEC comparison did give me a £150 savings with Sainsburys. However, that is taking into account the standard tariff from early December 15 for the remainder of the year comparison.

I have now changed to the latest and cheapest Eon V15 Online Tariff and run the comparison again. The savings now is £61 - i.e. it is comparing a full 12 months on that tariff.

So even with the £30 switch and minus the £10 Eon exit fees the difference would be £81. With the £60 exit fees from Sainsburys, this would not be worth it. Taking your CEC £75 alert as being a guideline to change, a new tariff would have to be £135 cheaper to gain the £75 benefit. That's assuming there will be cheaper tariffs in the coming year which seems to be the general consensus.

I'm guessing most if not all people that switched on the last Eon collective switch will be in the same position.

If I'm missing something I'm happy to be corrected - especially if it saves me dosh - however, I think I have it pretty close to correct. So not a runner.

Hello Saver861

You're right - if you've switched recently to one of the other cheap tariffs, you might find that the Sainsbury's tariff isn't the right move for you. Indeed, if you're thinking of switching it is definitely worth checking the full market comparison on the Energy Club results page.

Last time we ran a collective switch, we found that the majority of switchers (just under 75%) were first time switchers (through Energy Club at least). I'd expect that there could well be a similar ratio this time around.