No New MSE Big Switch

NittyGritty

personally for me, all the so called collective switches have been pretty much laughable since early in the year.


take the energyhelpine one, they had EDF as their collective..... some £170+ more expensive


yet on the SAME comparison just below it had regular offers from scotish power v2 as just £60+ more expenisve, I guess edf paid them quite a bit to get them to promote the "so called cheap tariff"



I have to say the best one ive seen to date as to be EON, when they released around 3 tariffs within days of each other, if I recall it was v20 or v21
some £300 plus I think it was more expensive than the previous version


I mean do these companys really think the take up would be huge with those kind of figures or did someone have an off day when they released that huge tariff?


(I,m just speaking on my circumstances) but I wasn't the only one who thought it was over the top with the numerous replys in disgust when it came out

Hoopie1

Hengus wrote: »

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.

I agree that some of the small suppliers are going to go bust. There is no way that all these little guys are fully hedged, and prices have moved up massively.

Regarding price rises, the wholesale price of electricity in particular has moved up significantly. Margins are really, really thin and companies simply can't afford to swallow those price rises.

The market is as competitive as it has ever been. I'd enjoy it while it lasts.

NittyGritty

its just a shame that these companys never seem as quick to pass on the savings when theres a drop in wholesale prices,


yet when theres just a sniff of prices rocketing they are there like a shot in hiking them.

poppasmurf_bewdley

poppasmurf_bewdley wrote: »

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.

I've been and gone and done it.

Firstly, I swopped my MSE deal with Eon which expires in Feb 17 for one of Eons standard tariffs with no exit fee beginning today.

And then I signed up with Co-Op Energy Festive Fix Tariff which expires in December 2017.

Cost of this tariff is 10.28p per unit and 20p per day standing charge, as against 10.xxp per unit and 16.xxp per day standing charge that I was paying with Eon.

So the nett result for me is a 4p per day increase which I am very happy with.

The alternative was to wait until the current Eon tariff expired next February and chance a good deal still being available.

fredandwilma

ChaunceyGardiner wrote: »

I tried to do just that, but was rejected because my meters were incorrectly listed as prepay. Now that's finally sorted, but all the decent fixes are long gone.

That's unfortunate, ChaunceyGardiner


I've had a look at the Green Star Unlimited tariff after watching :money: but the quote is £240 a year, more expensive. The temptation would be to use more energy, (have my heating on more often,) as I'm paying more. Then what. Too many uncertainties?


I'm also mystified as to where :money: found the E.on fixed 2 year tariff he was quoting on the ML Money Show? It was live, wasn't it? Maybe it's buried in the coffers of the CEC? Where is this E.on fixed 2 year tariff?

No, I've checked all the tariffs - It isn't buried in the coffers of my CEC, it isn't on E.on's website, I've re played what he said. Maybe it's on another switching site? Or maybe he meant the fixed 1 year tariff?

Or maybe I'm just having a "moment?" :doh:


Yes, :money: definitely said £1.047 a year, £1.014 a year fixed 2 year tariff, with E.on.

There is no E.on fixed 2 year tariff currently available?

Over to you, Malc?:D


I get it, now. The ML Money Show LIVE, wasn't actually a live show? Or at least it was LIVE when it was pre recorded, or at least some of it was pre recorded? Either way, some of the researchers information was already out of date? I wondered why he said two tariffs had been pulled today. As an aside, audiences for "events" like this can very often be "pre selected" from specific criteria.

The E.on fixed 2 year tariff was withdrawn around a month ago.

I'm disappointed, if that's the case, or it shouldn't have been advertised as the ML Money Show Live?

Over to you, MSE.

ToTo_Man

My Eon V19 dual-fuel deal ends 08/02/2017. I'm deliberating over whether to switch now, or continue to benefit from the cheap energy through most of the winter and then risk paying significantly more from February onwards if market prices increase further. My usage is much higher than average so exit fees aren't a consideration.

I know there's no right answer but I'd like to hear what others would do in my situation, jump ship now or squeeze the most from my existing cheap deal?

The Eon v19 is costing me around £1,800 per year, Eon's v20 would be £2,475 while the current cheapest fixed tariff on price comparison websites is just over £2,000 (mostly from small energy firms but the EDF Blue+PP is included in that price bracket).

I've been with Eon a long time because their online tariffs have for the most part been very competitive and I've never had any CS issues, but the v20 tariff is such a massive hike on what I'm currently paying. On the other hand I'm wary of switching, especially to a small supplier...

ASavvyBuyer

ToTo_Man wrote: »

My Eon V19 dual-fuel deal ends 08/02/2017. I'm deliberating over whether to switch now, or continue to benefit from the cheap energy through most of the winter and then risk paying significantly more from February onwards if market prices increase further. My usage is much higher than average so exit fees aren't a consideration.

I know there's no right answer but I'd like to hear what others would do in my situation, jump ship now or squeeze the most from my existing cheap deal?

The Eon v19 is costing me £1,950 per year, Eon's v20 would be is £2,675, while the current cheapest fixed tariff on price comparison websites is around £2,200 (mostly from small energy firms but the EDF Blue+ is included in that price bracket). I've been with Eon a long time because their online tarriffs have for the most part been very competitive and I've never had any CS issues, but the v20 tariff is such a massive hike on what I'm currently paying. On the other hand I'm wary of switching, especially to a small supplier...

Try looking at separate suppliers for gas & electric. They usually work out better value now. We switched to Zog for gas earlier this year and they have been fine. Now in the process of switching to Iresa for Electric and they seem OK so far.

System

ToTo_Man wrote: »

I know there's no right answer but I'd like to hear what others would do in my situation, jump ship now or squeeze the most from my existing cheap deal?

I am in the same position but it does look like the cheap fixes are becoming more expensive by the day. I decided I would pay the exit fees on my Cheap Energy Collective Fix Feb 17 and explored my options. I found the best deal for gas by a long way was Better Energy - fixed until Dec 2018 - and the cheapest reputable supplier for electricity was People for Places. I phoned both suppliers this morning and my call was answered in seconds and dealt with by very friendly CS reps. I will be paying around £90 a year more, then there's the exit fee of £60, but I was concerned that I'd end up paying much more if I waited. Martin Lewis is saying that prices are only going to rise and given the state of the pound it was a no-brainer for me.

ToTo_Man

ASavvyBuyer wrote: »

Try looking at separate suppliers for gas & electric. They usually work out better value now. We switched to Zog for gas earlier this year and they have been fine. Now in the process of switching to Iresa for Electric and they seem OK so far.

scgf wrote: »

I am in the same position but it does look like the cheap fixes are becoming more expensive by the day. I decided I would pay the exit fees on my Cheap Energy Collective Fix Feb 17 and explored my options. I found the best deal for gas by a long way was Better Energy - fixed until Dec 2018 - and the cheapest reputable supplier for electricity was People for Places. I phoned both suppliers this morning and my call was answered in seconds and dealt with by very friendly CS reps. I will be paying around £90 a year more, then there's the exit fee of £60, but I was concerned that I'd end up paying much more if I waited. Martin Lewis is saying that prices are only going to rise and given the state of the pound it was a no-brainer for me.

Looks like your right with respect to separate Gas & Elec being cheaper. My current Eon v19 dual-fuel usage is around £1,800. If I go with separate gas and electric with the two cheapest suppliers (M&S for electric, BetterEnergy for Gas) on 2-year fixes it would be around £1,930 in total, while the cheapest dual-fuel tariff (EDF Blue+PP) is £2,026 but is only a 12-month fix (longer fixes are upwards of £2,200).*

* I eliminated suppliers from my search who have a high % of negative votes on the MSE CEC comparison site).

Is it more complicated to switch back to a dual-fuel tariff once you have moved to individual Gas and Electric tariffs from different suppliers?

System

ToTo_Man wrote: »

Is it more complicated to switch back to a dual-fuel tariff once you have moved to individual Gas and Electric tariffs from different suppliers?

Not really, gas and electricity switches usually occur on different dates anyway, even if moving from one dual tariff to another. Sometimes the discrepancy can be a couple of weeks. You'll never be without gas or electricity. I suppose you might find you are on a standard tariff during the intervening period until the other fuel switches over but that's a worse-case scenario.