MSE News: Test your energy fix - check if you can save £100s 19 August 2015 at 11:37AM in Energy 5 replies 965 views

Former_MSE_Paloma

Most comparison sites give the WRONG savings (as Ofgem tells 'em to). Now we're uniquely revolting......

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Test your energy fix - check if you can save £100s



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System

Now we're uniquely revolting......

Wow - that is a claim. Unique - being the only one of its kind; unlike anything else.

Quote "TheEnergyShop.com has never followed the "inflated" savings approach. We believe it to be mis- leading and we don't plan to start using it now."


https://assets.digital.cabinet-office.gov.uk/media/54da24ebed915d514400000b/The_Energy_Shop_Submission.pdf

You might wish to revise/or explain your claim before 2 of your competitors cry foul. (the other one being EnergyHelpLine.)

JJ_Egan

I really don't like comparison sites where you are forced to log in .So i cannot test this new ?? method .

modsandmockers

"The new bit is being able to see savings based on the different prices"

Wow - what a revolutionary idea! If only the suppliers themselves would adopt it, the energy price comparison industry will have served its purpose, and die an early death.

SnowMan

While the figures were there to make the right comparison before, the Cheap Energy Club is a lot clearer now with the existing fixed tariff cost being the default shown.

To work out whether to switch away from a fixed tariff you really need to do a month on month comparison based on seasonal usage. I'm currently on a tariff with a very low standing charge which makes it better value in Summer than Winter, although the CEC comparison makes it look like it would be a good idea to switch away now, this isn't really the case until late Autumn/Winter.

modsandmockers

You are moving us onto new levels of sophistication which are probably not worth the small sums involved!

Late autumn/winter is the very time when cheap fixes tend to disappear, so you would have to take a bit of a punt regarding the optimum time to make your twice-yearly switch. Exit fees used to be a big consideration, but less so in recent times (I’m not sure why exit fees are on the decline).

My own preference is to select a fix which ends after the winter months - I am currently on a February 2017 fix, even though it is costing me £6 a year more than the same supplier’s August 2016 fix. But, with no exit fees to worry about, who knows?