Cheap Energy Club Collective deal -- Just checking okay to switch again

MSE_Dan_L

Hengus wrote: »

Thanks Dan. The first tariff for Sainsbury's that appears on my list is 10th in the pecking order. It is just that the £200 savings seem a little high to me. If true, the collective switch to E.oN wasn't a particularly good deal! Or, am I missing something?

PS Just noticed that E.oN has brought out v15 with a £10 annual saving for me.

Hmm, sounds like you're definitely missing it. It is only available for dual fuel on monthly direct debit, so do make sure that your filters meet this. If not drop us an email to energyclub AT moneysavingexpert.com and we'll figure it out.

Our last collective switch was at around £950/yr - and while the new one is cheaper, we're now several months into the cold weather, and the saving you've made meanwhile will likely very easily outweigh the price difference.

smithers1981

Sainsburys not showing as cheapest on my comparison, sainsburys switch will save £82 whereas first utility i will save £129....... currently i am on Edf Blue fix march 2016.

Rather misleading headlines as if i blindly switch to the 'cheapest' i would in fact not be on the cheapest tariff.

saver861

Hi

I did the switch to Eon last time - last month actually - and now it is giving me Sainsburys at £180 cheaper!! That is a lot. I did try some other comparison sites and the Sainsbury deal does not come up.

I have no problem with switching but it does seem like a big difference and wondering whether there is an error somewhere? I don't particularly want to switch to find out it was not right.

System

saver861 wrote: »

Hi

I did the switch to Eon last time - last month actually - and now it is giving me Sainsburys at £180 cheaper!! That is a lot. I did try some other comparison sites and the Sainsbury deal does not come up.

I have no problem with switching but it does seem like a big difference and wondering whether there is an error somewhere? I don't particularly want to switch to find out it was not right.

This is why I extract the tariff data and put the figures into a simple spreadsheet. My switch from Ovo to E.oN will save me £120 after exit fees and cashback. If I switched to v15, I could save a further £12 per year less the £10 exit fee according to the CEC whereas WhichSwitch shows £2.51. Sainsbury's appears well down the SwitchWhich List. Caveat Emptor.

redux

There are other good tariffs besides Sainsburys, several cheaper in some areas, and looking at exit fees I think MSE should reconsider its conclusions.

See the last couple of days of posts on

https://forums.moneysavingexpert.com/discussion/5111202

dt99idr

Thanks MSE Dan L,

Energy Club should have shouted about this change to T&C, I don't know when it changed, but you missed out on my switch at the end of 2014 because I believed the 1 switch per year was still in force.

Ian

MSE_Dan_L

smithers1981 wrote: »

Sainsburys not showing as cheapest on my comparison, sainsburys switch will save £82 whereas first utility i will save £129....... currently i am on Edf Blue fix march 2016.

Rather misleading headlines as if i blindly switch to the 'cheapest' i would in fact not be on the cheapest tariff.

Hi there - if you drop us an email to collectiveswitch AT moneysavingexpert.com we can definitely take a look at this for you.

System

Pennies in it for me but why is MSE advocating tariffs with high exit fees when energy prices are falling - and, imho, have someway to go after the GE.

moneyfoolish

I can't even compare as there's a problem with the site!

cklass

If you're on a fixed rate tariff that ends in less than a year, such as the MSE E.On tariff, be aware that Cheap Energy Club and all the other price comparison sites will be using the standard tariff unit rates to calculate your costs for the period after your tariff ends. For example, if your tariff ends on 31st December, it is using the significantly higher standard tariff unit rates to calculate your costs between 1st January to 28th January. This means that you are not seeing an accurate figure for your estimated annual cost and so your estimated savings are equally inaccurate. Unfortunately, Ofgem regulations force the comparison sites to calculate your annual cost like this. You need to do the calculations yourself in a spreadsheet or change the date that your tariff ends in Cheap Energy Club for a more accurate comparison.

For me, the Sainsbury's tariff is actually £2 more expensive than the new E.On v15 tariff. It's highly unlikely that anyone on one of E.On's recent fixed rate tariffs will have more than a few pounds to gain from switching to the Sainsbury's tariff (if they have anything to gain at all). It is really important that you do your own calculations and take into consideration that the Sainsbury's tariff has a £60 exit fee before making a decision.

Hengus wrote: »

Pennies in it for me but why is MSE advocating tariffs with high exit fees when energy prices are falling - and, imho, have someway to go after the GE.

The majority of households are still on standard tariffs and, for quite a few of those households, the Sainsbury's tariff would definitely be worth switching to even with the high exit fee because the savings they'll make over in the first few months alone will outweigh the exit fee - this Switch Event is mainly for them.