End of Fixed Rate

Maureen43

Hi All

I joined the MSE Collective switch to Eon last Nov/Dec and wondered if anyone had any thoughts on whether I should switch or stay put when the deal ends?

Maureen

cifpower

Maureen43 wrote: »

Hi All

I joined the MSE Collective switch to Eon last Nov/Dec and wondered if anyone had any thoughts on whether I should switch or stay put when the deal ends?

Maureen

What savings are currently available for you?

footyguy

Maureen43 wrote: »

Hi All

I joined the MSE Collective switch to Eon last Nov/Dec and wondered if anyone had any thoughts on whether I should switch or stay put when the deal ends?

Maureen

The MSE collective switch tariff was only available via the MSE CEC - this provides alerts if there is ever a better deal available. Have you been alerted yet?

Nada666

As their standard tariff is three hundred pounds per year more expensive not doing anything is a bad idea. It would have made sense to have switched to the new collective switch (but that is over so too late.) Check the end date and six weeks before have a look around at what is available and choose a new fix - a new one with Eon or with a new supplier.

Make sure ,when looking at prices now near the end of your fix, you are not confused by the false savings listed by the comparison sites - look at the actual total cost for your usage and don't be tempted to switch early.

System

Nada666 wrote: »

As their standard tariff is three hundred pounds per year more expensive not doing anything is a bad idea. It would have made sense to have switched to the new collective switch (but that is over so too late.) Check the end date and six weeks before have a look around at what is available and choose a new fix - a new one with Eon or with a new supplier.

Make sure ,when looking at prices now near the end of your fix, you are not confused by the false savings listed by the comparison sites - look at the actual total cost for your usage and don't be tempted to switch early.

Energyhelpline has an ongoing collective switch that the OP might like to take a look at. There is though no cash back.

Just to clarify Nada666's comments about savings. If you are on tariff that costs you £720 per year (£60 per month) and the supplier's standard tariff is £780 per year (£65 per month), and you switch to a tariff that costs £660 per year (£55 per month) then the TRUE saving is £60 per year.

However, if you use an Ofgem comparison site and have one month left on your present contract, then the sums look like this:

One month on present tariff = £60
Plus 11 months on supplier's standard tariff = 11 * £65 or £715
Total Cost for next 12 months = £775

But you have switched to the £660 per year fixed tariff.

The comparison site will suggest that your savings are £775 -£660 or £115 per year - not the actual saving of £60.

This miscalculation only comes into play when you are on a fixed tariff with LESS than 12 months to run.

hubb

I am with Ovo but I see from the Energy club that BG energy could save me quite a bit. Anyone rate them ?

System

hubb wrote: »

I am with Ovo but I see from the Energy club that BG energy could save me quite a bit. Anyone rate them ?

Are you sure? I am on Ovo's Better Energy Online tariff and BG doesn't even appear on the first page of my CEC listings. It is more often the case that Sainsburys is cheaper than BG. Sainsbury's is BG in all but name.

For a simple straightforward comparison put your projected kWh/per annum and present tariff into this site:

theenergyshop.com

You can always revert back to CEC for a cash back.