Any hidden gotya in the co-op f&s fixed 16 tariff?

oldskoo1

After foolishly staying on the standard pioneer too long i finally got around the comparing prices and co-op are surprisingly coming out top.

Their elec price is a lot cheaper than sainsburys and i will be getting an electric car soon from work so this is a bonus.

Unit rates are cheaper, i believe its a fixed unit rate and none of this adjusting nonsense depending on usage?

The daily standing charge is 30% higher than what i pay.

Anything else i should be aware of? Do i get put back on Pioneer at the end of the term?

Working out factoring in car charging is saying it will save me £420 p/y if i switch from Pioneer to F&S fix may 2016.

thank you

macman

Yes, fixed rate. £30 exit fee per fuel. Dual fuel only. DD payment only. Paperless billing only. At the end of term you'll revert to Standard Variable (Pioneer).
Click on the tariff T&C's and all these points are listed.
I don't understand what you mean by 'adjusting nonsense depending on usage'. Only the unit rate is fixed. Use more, pay more.

Nada666

macman wrote: »

I don't understand what you mean by 'adjusting nonsense depending on usage'.

He is one of these foolish people who does not understand that a daily standing charge tariff results in a varying average price per kWh just as much but in a more confusing way than a two-tier tariff does (not that that is remotely relevant to someone with a usage to accommodate an electric car.)

Nada666

But, OP, no, there are no hidden 'gotyas'. Although, if you think two-tier tariffs are a 'nonsense' then your concept of 'hidden' may be more extensive than usual.

Nada666

Here are some possible 'gotyas':

the direct debit instalment size is not fixed;

fixed monthly payment is separate and different from fixed price;

you do adjust price according to usage - if you use 100 kWh, you'll pay 85 pence per kWh; 1000 kWh, 19.5 pence per kWh; 3,000 kWh, 15.5 pence per kWh; 10,000 kWh then you only pay 12.7p per kWh. Whereas the old tariffs you complain about your choice would be the much simpler a few hundred at 22p then the rest at 12.5p - but that is regarded as 'nonsensical' to you.

footyguy

oldskoo1 wrote: »

After foolishly staying on the standard pioneer too long i finally got around the comparing prices and co-op are surprisingly coming out top.

Their elec price is a lot cheaper than sainsburys and i will be getting an electric car soon from work so this is a bonus.

Unit rates are cheaper, i believe its a fixed unit rate and none of this adjusting nonsense depending on usage?

The daily standing charge is 30% higher than what i pay.

Anything else i should be aware of? Do i get put back on Pioneer at the end of the term?

Working out factoring in car charging is saying it will save me £420 p/y if i switch from Pioneer to F&S fix may 2016.

thank you

Going off on a slight tangent, if you are geetting an electric car you are expecting to charge at home, you'll probably be best off with a 32A specialist charging point

Grants are available for this
http://www.energysavingtrust.org.uk/businesses/scotland/domestic/improving-my-travel/chargepoint-grants

I don't know much about all this, but if you are recharging overnight, then you might be better off on E7 (if not already on that tariff)

Did you take into account the anticipated higher electricity consumption due to the car recharging when you did your comparison? If not, there may be an even cheaper option, but you are probably heading in the right direction with lower unit charges even if a higher standing charge.

oldskoo1

Footyguy and macman thanks

I sorted the 32amp home charger and adjusted my elec usage when doing the comparison.

I will read the t&cs to understand it better.

Nada666 less of your narcissistic comments. I'm not in admiration in the knowledge you've spent a lot of time "mastering" the facts. I think it's quite shameful you can't use your knowledge to positively help others. Your thanked post ratio is trialing especially behind macman so you aren't very important round here are you?

Wonder if you see what I did there. Helpful not! Rude yes!