No New MSE Big Switch

fredandwilma

It doesn't come as any surprise at all.

http://www.moneysavingexpert.com/latesttip/?_ga=1.133219142.918806463.1477463686

Urgent. Cheapest energy deals disappearing fast - lock in & fix NOW. With prices rising no firm would commit to a new MSE Big Switch.

Plus, despite our best attempts, we couldn't negotiate a new MSE Big Switch - where a trusted intermediary (eg, us) gets energy firms to bid to provide special tariffs. We opened two bidding windows for suppliers to beat the market's cheapest. Yet even with our power, no firm would play ball - and as we always say, if it isn't cheapest, we don't put our name to it.

System

I agree. The domestic energy market is in turmoil at the moment. I fear that we are going to see some of the smaller suppliers going to the wall. What surprises me is that the Press has yet to start a campaign against energy suppliers who have hiked their prices by over 15% in a year. It would seem that everybody is in numbed state following BREXIT.

bxboards

I've never found these collective switches fit for purpose - whenever I get a quote, they are always more expensive than my current deals.

I did a Fix with Bristol Energy for Electricity, and Zog for Gas this year and by going to separate suppliers, I beat the so called best deals by miles. I usually find with these collective fixes, either 1 or either the gas or electricity component is noncompetitive with the deals offered by the smaller independents so by going to separate suppliers with very little effort you can do better.

d70cw6

my current deal with E.On (fixed v19) ends on 21 Jan....so about 2 weeks until i can leave penalty free: should i stick with it until it ends or leave now and try to fix before prices rise further??

System

d70cw6 wrote: »

my current deal with E.On (fixed v19) ends on 21 Jan....so about 2 weeks until i can leave penalty free: should i stick with it until it ends or leave now and try to fix before prices rise further??

An impossible question to answer. Traders make and lose £Ms guessing what prices will be in the future. FWIW, I took a £30 exit hit three weeks ago to secure another 12 month fix. Taken together with the price increase, my energy cost for the next 12 months has risen by 4% (similar to what I was paying 15 months ago). My new supplier increased its fixed prices by 7% the day after I applied to switch.

The only certain thing is that the days of cheaper energy are fading fast.

ASavvyBuyer

d70cw6 wrote: »

my current deal with E.On (fixed v19) ends on 21 Jan....so about 2 weeks until i can leave penalty free: should i stick with it until it ends or leave now and try to fix before prices rise further??

You can switch to one of E.on's other tariffs that don't have an exit fee and then switch to another provider. We have done that, as our deal was not due to end until early next year.

However, if switching to one of the smaller providers, be aware that some are not signed up to fast switching and have a 14 day cooling off period before they even start the process of contacting the current provider. Therefore, you can be on the e.on higher rate tariff for about a month before the switch actually happens.

However, if you have only got a couple of weeks to go, you could initiate the switch in a few days time with no risk of exit penalty.

Former_E.ON_Company_Representative:_Malc

d70cw6 wrote: »

my current deal with E.On (fixed v19) ends on 21 Jan....so about 2 weeks until i can leave penalty free: should i stick with it until it ends or leave now and try to fix before prices rise further??

Hello d70cw6 and sorry to lose you. Already some excellent advice from ASavvyBuyer.

As your tariff ends on 21 January 17, to avoid exit fees and higher prices, you can start a switch around 3 December 16.

With our fixed tariffs, the Price Protection window is open 49 calendar days before the tariff end date until 20 working days after. Provided we're told, we'll keep you on the cheaper prices whilst a change of supplier goes through. Exit fees also don't apply whilst in this window. We'll write to let you know when your tariff is nearing the end.

As ASavvyBuyer says, before this, you can move to another of our tariffs that doesn't have an exit fee and start the switch straightaway. There are no charges for moving from one E.ON tariff to another.

Applications to switch come through fairly quickly but not all suppliers follow similar timescales. I'd also agree with ASavvyBuyer and make an allowance for this when applying. Also agree, although switches usually take about two and half weeks, this is assuming the new supplier has signed up for faster switching. A lot have but not sure about everyone.

Hope this is useful d70cw6.

Malc

Former_E.ON_Company_Representative:_Malc

ASavvyBuyer wrote: »

You can switch to one of E.on's other tariffs that don't have an exit fee and then switch to another provider. We have done that, as our deal was not due to end until early next year.

However, if switching to one of the smaller providers, be aware that some are not signed up to fast switching and have a 14 day cooling off period before they even start the process of contacting the current provider. Therefore, you can be on the e.on higher rate tariff for about a month before the switch actually happens.

However, if you have only got a couple of weeks to go, you could initiate the switch in a few days time with no risk of exit penalty.

Excellent advice ASavvyBuyer and sorry to lose you too.

Malc

ASavvyBuyer

E.ON_Company_Representative:_Malc wrote: »

Excellent advice ASavvyBuyer and sorry to lose you too.

Malc

If your company did not adopt this policy of charging loyal customer extra, there would be no need to switch away. It has become obvious that e.on only want to keep loyal customers if they can charge them more than than they do anyone new switching to them.

System

ASavvyBuyer wrote: »

If your company did not adopt this policy of charging loyal customer extra, there would be no need to switch away. It has become obvious that e.on only want to keep loyal customers if they can charge them more than than they do anyone new switching to them.

A lot of non energy companies keep their best deals for new customers.

poppasmurf_bewdley

My MSE deal through Eon also expires early in the new year. 3rd February in my case.

Can I switch to one of the cheaper basic providers in the new year which don't have an exit fee, and then sign back on with Eon in say six months on their cheap deal for new customers? I would want to do that to get the Warm Home Discount next year.