MSE News: More collective energy switches launch – how do they stack up?

Former_E.ON_Company_Representative:_Malc

mallyboy5 wrote: »

l agree with what you say but if boot was on the other foot the power companies would soon be chasing you for money owed why dont they give a discount on bill for money in credit

We don't give discount based on credit balances mallyboy but we do have lower daily standing charges for customers paying with a Monthly Direct Debit. Saves about £35 per fuel per year.

The aim of our payment arrangements is to achieve as near as possible to a zero balance by the time of the annual review. At this review, any credit over a fiver is automatically refunded. Any debit balance is included in the ongoing arrangement and spread up to the next review.

It's a bit of balancing act to try and keep customers out of too much debt whilst also not holding on to more credit than needed to cover their usage. Given seasonal variations and changes of circumstance, this can never be an exact science and accounts will sometimes be in credit or debit. To give customers more control we've an online tool called the 'Direct Debit Manager.' As brewerdave says, this lets customers change their monthly payments to better suit changing circumstances.

Provided accounts are billed up to the latest meter readings, payments can be changed by up to 20 per cent up or down. By up to 5 per cent up or down without readings. Before confirming the new amount, we'll advise by how much we anticipate accounts will be in credit/debit by the time of the annual review if payments are changed but usage doesn't alter as expected. Customers need to have registered with our website to use this tool.

Hope this is of interest mallyboy.

Malc

Former_E.ON_Company_Representative:_Malc

brewerdave wrote: »

Also several of the Utility suppliers allow you to change the DD amount -I'm with EON and they have just suggested a reduction of £13 pm which stacks up with my calculations too.and will prevent me running a credit balance for long this Summer,having been in debit all Winter

Spot on brewerdave. The 'Direct Debit Manager' I mentioned above lets you make changes to the arrangement so you've more control and payments can be adjusted in line with changing circumstances.

Sounds like you've just gone through a review. We do regularly check arrangements to make sure all's on track for as near to a zero balance as possible by the annual review.

Hope you find this online tool useful brewerdave?

Malc

Cardew

Originally Posted by Cardew on 03 April
Are you not two days late with this post?

E.ON_Company_Representative:_Malc wrote: »

As above, just to let you know, The E.ON MSM Fixed 1 Year Collective March 2016 is withdrawn from sale on 7 April 2016.

Thanks.



Malc

Count back two days from 03 April and it is ??

Former_E.ON_Company_Representative:_Malc

Cardew wrote: »

Originally Posted by Cardew on 03 April
Are you not two days late with this post?





Count back two days from 03 April and it is ??

Ah! I see. You're too deep for me Cardew.

Malc

Daytona

The October 2016 iChoosr offer for economy 7 electricity copied from the tariff information label. "Your estimated annual cost will be £107 more. Would you like to switch?" Well... duhh?! and they've been spamming me every week since to switch.

Supplier
SSE

Tariff name
Collective 1 Year Fixed v3

Tariff type
Fixed

Payment method
Monthly Direct Debit

Unit rate
15.37p per kWh

Unit rate night (Economy 7)
8.71p per kWh

Standing charge
14.80p per day

Tariff ends on
12 months from supply start date

Price guaranteed untill
12 months from supply start date

Exit fees (if you cancel this tariff before the end date)
£30.00

Discounts and additional charges
These prices include an annual paperless billing discount of £6

Additional products or services included
Not applicable

These prices include a discount of £40 per annum, per fuel for paying by direct debit. Discounts are inclusive of VAT at 5% and are deducted proportionately from your standing charge on a pence per day basis.

These prices include a discount of £6 per annum for using paperless billing. Discounts are inclusive of VAT at 5% and are deducted proportionately from your standing charge on a pence per day basis.

An early exit fee of £30 per fuel will be applied if you leave more than 49 days before the end of the 12 month period.

grumpycrab

A New Year means new collectives....

1a. https://thisismoneyswitch.co.uk/ powered by http://www.energyhelpline.com/ Winning deal to be announced on 14th February

1b. https://www.cep.org.uk/our-services/community-energy-switch/
I guess this is the same collective as 1a. But switching is open from [STRIKE]20th February (1 week after thisismoney).[/STRIKE]14th February, so same as thisismoney
Register here https://communityenergyswitch.org.uk/

2. https://thebigdeal.com/ have run a couple of previous collectives with The Sun. Possibly due to announce their next collective result soon (details a bit thin on the ground with this lot - perhaps it'll be headlined in The Sun!?)
(This signup link from their Facebook page) https://thebigdeal.activehosted.com/f/1

System

E-mail just in:

With your help, we've negotiated a very special deal from an extra special company.

The limited offer opens tomorrow... but we wanted to give you a little tip-off first.

Here are the key details of the deal YOU helped us create (thank you!):

It's from Places for People - a supplier we know and trust.

You could save over £160. [1]

Oh - and you'd also enjoy stellar customer service, because we think you deserve the finer things in life...

grumpycrab

Hmm. This lot don't sound very professional (no offence to any Sun readers as they announced collectives before with them). Here's the mail...
https://t.co/kl3e2HS5zk

PS. Sorry for the short link but the full link - below- gets mangled somewhere along the way...
https://thebigdeal.activehosted.com/index.php?action=social&chash=42a0e188f5033bc65bf8d78622277c4e.259

fredandwilma

I would call this company more along the lines of a crowdfunding company. They haven't advertised / promoted a collective switch, as I've been watching for some time. They are just crowdfunding from a comparison site?

As MSE says,

This is less than a typical comparison site.

Noticeably, it says all the tariffs they are offering me, are not available. I note the Iresa tariff quoted offered

4.5% interest paid on balance annually.

I wonder how they manage that, then?

grumpycrab

fredandwilma wrote: »

I would call this company more along the lines of a crowdfunding company. They haven't advertised / promoted a collective switch, as I've been watching for some time. They are just crowdfunding from a comparison site?

The Sun's People Power campaign claims to have switched over 10,000 people through collectives fronted by thebigdeal. Expect to see this in The Sun tomorrow...