No New MSE Big Switch

teddysmum

You never know; prices may drop.


I recall in the early days of Martin Lewis' tv shows, he urged everyone to take long fixes as prices were bound to go up. However, they fell instead and the long fixers lost out.

System

teddysmum wrote: »

You never know; prices may drop.


I recall in the early days of Martin Lewis' tv shows, he urged everyone to take long fixes as prices were bound to go up. However, they fell instead and the long fixers lost out.

At the end of the day you can come out of a fix very easily at any time - OK, there will probably be an exit fee but if prices drop enough it would be worth paying it.

ToTo_Man

Are there any others here who are with BetterEnergy? Comments welcome, positive and negative!

fredandwilma

Well, no response to my post as yet, i see. As a consumer, i do now feel some of the information was factually incorrect, my assumption this would be a LIVE show, from the title? I've still not found that "top secret" tariff, withdrawn on the 26th October? Maybe :money: knew something we don't, i.e. are E.on about to release a new fixed 2 year tariff? Or this "top secret" fix really is, top secret.

For anyone watching on catchup, 27 mins into the show, It's an E.on 2 year fix down to £1.014. Just do a comparison. It does take rather a long time. Just do a comparison.

I've now given up searching for a tariff which doesn't exist?

https://forums.moneysavingexpert.com/discussion/5546596

At least I'm in the comfortable position of not having to change my tariff for 20 months, having made my decision from various sources of information, for which I'm thankful.

Seeing the posts regarding the E.on fixed V19 tariff and switching suppliers now, I've contemplated what i would do in that situation.

If it were me, on balance, i would have stayed until the end of my V19 fix, as i feel the panic is being fuelled somewhat, at the moment, (scuse the pun,) prices were always due to rise for a variety of reasons, it is winter, and there's still time for the dust to settle, by spring? I'd still have this winter on the cheaper tariff. But these are my own opinions and what i would do in that situation. I'd just sit it out.

Remember, the "LIVE" show uses people who haven't switched their energy suppliers for some years, (3 years, 10 years, 37 years, if i remember correctly)

People on this forum are energy savvy in the first place.

But it's all about being sensible in your choices? (or making your own choice.) As a consumer, don't be too gullible, use information to your advantage and do your research before you make decisions.

There goes any chance of becoming a board guide.

brewerdave

I'm on an even better EON tariff than their v19 -I switched to an MSM collective EON tariff in March .:j
I've decided that I'm better off staying on this deal until expiry as my Winter usage is a high %age of the overall annual total(obviously!!), and ANY of the currently available fixes will cost me a lot more thru this Winter (and there is the £60 EON exit fee as well) with any recovery of monies next Summer being relatively insignificant.
I'll start looking mid Feb. when the EON transfer window opens,and I can move fee free.:)

System

teddysmum wrote: »

You never know; prices may drop.

.

Given the fall in the £ against the $, a drop in prices is unlikely unless OPEC fails to agree to limit oil production.

From oil prices.com:

A survey of analysts conducted by The Wall Street Journal finds that oil watchers think prices would rise to $55 per barrel if OPEC succeeds, but could fall to $40 per barrel or less if they don’t.

ToTo_Man

I've decided to make the leap of faith and switch from Eon to M&S and BetterEnergy, for Electricity and Gas respectively, foregoing the remaining two months of my current cheap v19 deal in order to secure price certainty until December 2018.

According to the comparison figures, it is going to cost me around £130 more per year than my current £1,800 annual bill on v19 (around a 7% rise), which I think is an increase worth swallowing for a 2-year fix given the current turmoil in the markets. There is also the £60 Eon cancellation fee to factor in, however the £26 M&S Energy cashback promised by TopCashBack and £40 M&S gift card effectively cancels this out.

If prices were to unexpectedly fall in the future by an amount that would make another switch worthwhile to me, I'd only have the £30 BetterEnergy exit fee to factor in as the M&S tariff has no exit fee.

I must say I'm very disappointed and a little apprehensive to be leaving Eon after so many years, as I have on the whole had a positive experience with their service and pricing. However I feel that their current range (if you can even class two tariffs as range!) of shockingly uncompetitive tariffs has left me with little alternative but to switch, and I suspect I am not alone in my decision.

fredandwilma

brewerdave wrote: »

I'm on an even better EON tariff than their v19 -I switched to an MSM collective EON tariff in March .:j
I've decided that I'm better off staying on this deal until expiry as my Winter usage is a high %age of the overall annual total(obviously!!), and ANY of the currently available fixes will cost me a lot more thru this Winter (and there is the £60 EON exit fee as well) with any recovery of monies next Summer being relatively insignificant.
I'll start looking mid Feb. when the EON transfer window opens,and I can move fee free.:)

That's exactly what i would have done, in your situation. Everyone has to do what is right for them, and it's all about using your common sense. There are still some reasonably competitive tariffs around, and surely there will be some in spring? You just have to accept that prices are rising again, for now. Make the most of any collective you are currently on? There are two ways of looking at this, obviously.

It well and truly looks as though the bubble has burst? It couldn't last forever.

I've also registered with Milkman Energy for their November Collective, (only 4 days to go.) I didn't register last month, so it will be interesting to see what they have to offer when the EDF collectives end on the 29th November.

Former_E.ON_Company_Representative:_Malc

fredandwilma wrote: »

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.

Hello fredandwilma and sorry for the late reply.

We're aware of the feature on the programme that mentions an E.ON tariff and can confirm, we don't have a two year fixed deal available for sale. At the moment, we've only two tariffs available to switch to via our website. These are our standard variable Energy Plan and a 1 year fixed tariff.

Hope this explains.

Malc

fredandwilma

E.ON_Company_Representative:_Malc wrote: »

Hello fredandwilma and sorry for the late reply.

We're aware of the feature on the programme that mentions an E.ON tariff and can confirm, we don't have a two year fixed deal available for sale. At the moment, we've only two tariffs available to switch to via our website. These are our standard variable Energy Plan and a 1 year fixed tariff.

Hope this explains.

Malc

Thanks Malc.

It only confirms what i already know.

I do hope you are not too busy at E.on HQ acquiring 160,000 accounts. Given so many people are already switching from E.on and many of the 160,000 are likely to do so, it would be insanity? and i worry about about the impact this would have on the overall service received from E.on.

Worse customer service and most of all higher energy bills, particularly for those who are already in "fuel poverty."

I guess E.on is well aware of the economics, but to me, i think it will have a long lasting impact on E.on's customers, service and public profile. I hope it doesn't happen. Actually, i pray, it doesn't happen.

But it's all about the numbers game, isn't it?


Maybe i was wrong. E.on is such a huge company in comparison to other energy suppliers. With Co-op energy having an estimated 260,000 customers, (now 410,000?) it's a "mid range" company. It wouldn't have had that much of an impact on E.on, or other big 6 companies? They are "big" in comparison, with millions rather than thousands, of customers.

In this current uncertain energy climate, i'm probably one of the few who would stay with E.on. They've definitely played it safe this year after the Age Uk controversy and are working within their budgets / business plan, (some would say expensive.)

It just means if you are in "fuel poverty" you have to live within your means and use less energy if you can't afford it. Which comes at a detriment to health.


I'm not so sure about the Co-op expansion programme, given the difficulties the Co-op group has been having. Only time will tell.