Outfox the Market reviews: add your feedback

LeedsJasp

keef-WhatStandards said:

How do I select seperate gas and electric again?
BROKEN LINK

1st find out what your current unit & daily standing charges are.then go to moneysupermarket.com or Uswitch etc.then go to the energy comparison section.then enter the postcode and usage.MAKE SURE you enter the lowest possible usage levels.it doesn’t matter what your actual usage is.You just want to find out what it would be for the lightest user.Then enter any tariff. again it DOESN’T MATTER what tariff you put in.YOU are only interested in finding the cheapest unit and standing charges for your area.then run the search.once the results come up.Go to the filters box and select the option for the widest range of tariffs.then go down a bit further in the filters and change the fuel box to elec only or gas only.
the tariffs with the cheapest units and daily charges will come up for a very light user.
guaranteed Outbox the market won’t be in the top 10.FINALLY go to the tariff info label and compare them to the charges you currently pay.you can also double check on the associated supplier website.
so easy and shocking results.
we are all conditioned into buying dual fuel. It was never like this years ago.

LeedsJasp

Nick_C said:

LeedsJasp said:

Nick_C said:

I've just done a comparison on MSE CEC.  I could save £9 a year if I switched from OTM to Tonik.  However, Tonik has a £60 exit fee where OTM has a zero exit fee.

I wouldn't save any more by changing from duel fuel to two separate suppliers.

But there isn't a one size fits all tariff.  Everyone needs to run their own comparisons.  And if they are not tied in to contracts, they should do this frequently.

Nick C. Out of curiosity,what is your supply region,town or 1st part of postcode??? because I would like to run a search. 

What you say is not really correct because the tariff unit charges and daily charges ARE fixed per region. It is irrelevant what your usage is. The charges remain the same. So if seperate fuels come out cheaper for a very low user, then it will be the same case for a high user.
your point about exit charges is correct but I don’t think that can be included because you don’t have to pay it.warm home discount SHOULD be included because that is something you will receive. I note that outfox don’t do warm home discount. Whereas Symbio & Zog DO. So they are even cheaper on spectate fuels.

My point about one size does not fit all is that if your usage is low, you will be better off on a tariff with low standing charges. If your usage is high, the unit charge is more important.

That's why it is possible for different companies to be cheaper for different people in the same area. 

Which is exactly why you run the individual fuel search using the lowest possible consumption.any higher user will save even more.when you do a price comparison or quote.you don’t need to put in your usage.just put in the lightest usage and if it comes out cheaper and the unit prices are lower than you are currently paying. Then it will work out cheaper, even if a high user.i think lot of people are overpaying.it really is simple.people think there is some kind of science to this.all tariffs are based on fixed tariff charges.it doesn’t change.
what town are you in???? I will do a search.i intend to search economy 7 later aswell. 

Gerry1

LeedsJasp said:

it DOESN’T MATTER what tariff you put in.YOU are only interested in finding the cheapest unit and standing charges for your area.

What if the company with the lowest daily charge and the company with the lowest kWh rate aren't the same?

For example, Cheap-O-Day Energy is £1/kWh with a daily charge of 1p.  Cheap-O-Watt Energy is 1p/kWh with a daily charge of £1.  Which is cheaper?

LeedsJasp

Gerry1 said:

LeedsJasp said:

it DOESN’T MATTER what tariff you put in.YOU are only interested in finding the cheapest unit and standing charges for your area.

What if the company with the lowest daily charge and the company with the lowest kWh rate aren't the same?

For example, Cheap-O-Day Energy is £1/kWh with a daily charge of 1p.  Cheap-O-Watt Energy is 1p/kWh with a daily charge of £1.  Which is cheaper?

Gerry1. Oh I see your point 👍.yes in that scenario the supplier with the he high daily charge would be no good for the low user and the high unit charge would be no good for high user.
but none of the tariffs where that was the case. None of them were charging £1 per day. The max was 29pence Which is offset by only using 4 or 5 units.  The max difference for daily standing charge was at about 15pence more per day.  The unit charges were ALWAYS lower than the dual fuel.that’s why I said, make sure do the search for low user. Because if the low user can save with the high daily standing charge then the high user will aswell.honestly, I have really studied this. Splitting the fuels does result in higher daily standing charges but the unit prices are significantly lower. Makes you wonder all these claims from outfox the market saying they charge wholesale prices.clearly they don’t because their unit charges are way higher than single fuel. 

inspectorperez

The debate that is going on is all off topic isn't it? Not that I mind because it's quite interesting!

If there is a mathematician on this thread, I am sure they could express the alternative outcomes by reference to standing charge rates and usage rates for both fuels in an algebraic equation. Isn't that what the comparison websites do with the algorithms they use and which take into account the variable factors such as forecast usage?

There comes a point in  the equation where the best unequivocal absolute number will be determined by the usage input taking into account the differing rates between standing charges and unit rate charges.

I'm definitely not a mathematician by the way, but I do use spreadsheets to record actual ongoing utility costs and also as a forecasting tool to verify what the comparison websites show when I am looking around for the best fixed rate deals. Never thought of splitting the fuel supply before and I will certainly bear that in mind for the future

Clif

LeedsJasp, I'm far too rich to qualify for the Warm Home Discount Scheme, therefore, Outfox The Market is cheapest for my usage and consistently cheap for everyone's usage!

Nick_C

LeedsJasp said:

Nick_C said:

LeedsJasp said:

Nick_C said:

I've just done a comparison on MSE CEC.  I could save £9 a year if I switched from OTM to Tonik.  However, Tonik has a £60 exit fee where OTM has a zero exit fee.

I wouldn't save any more by changing from duel fuel to two separate suppliers.

But there isn't a one size fits all tariff.  Everyone needs to run their own comparisons.  And if they are not tied in to contracts, they should do this frequently.

Nick C. Out of curiosity,what is your supply region,town or 1st part of postcode??? because I would like to run a search. 

What you say is not really correct because the tariff unit charges and daily charges ARE fixed per region. It is irrelevant what your usage is. The charges remain the same. So if seperate fuels come out cheaper for a very low user, then it will be the same case for a high user.
your point about exit charges is correct but I don’t think that can be included because you don’t have to pay it.warm home discount SHOULD be included because that is something you will receive. I note that outfox don’t do warm home discount. Whereas Symbio & Zog DO. So they are even cheaper on spectate fuels.

My point about one size does not fit all is that if your usage is low, you will be better off on a tariff with low standing charges. If your usage is high, the unit charge is more important.

That's why it is possible for different companies to be cheaper for different people in the same area. 

Which is exactly why you run the individual fuel search using the lowest possible consumption.any higher user will save even more.when you do a price comparison or quote.you don’t need to put in your usage.just put in the lightest usage and if it comes out cheaper and the unit prices are lower than you are currently paying. Then it will work out cheaper, even if a high user.i think lot of people are overpaying.it really is simple.people think there is some kind of science to this.all tariffs are based on fixed tariff charges.it doesn’t change.
what town are you in???? I will do a search.i intend to search economy 7 later aswell. 

As others have said, you don't understand this.  
The cheapest supplier will depend on where you live and whether you are a low or high user.
For example, I have run some comparisons for Liverpool 17 using https://switch.which.co.uk/

For a low user (using OFGEM usage estimates), eOn is the second cheapest supplier with the third cheapest tariff. 
And for a low user, there is no saving to be made from using two separate suppliers instead of dual fuel.

For a high user, eOn is the 14th cheapest supplier with the 22nd cheapest tariff - 7% more than the cheapest dual fuel tariff.
But a high end user can save 5.7% by using separate suppliers.

So to repeat, there isn't a one size fits all tariff.  Everyone needs to do their own comparisons.

But I agree that some users will be better off with two separate suppliers, and a good comparison site will highlight this.

Nick_C

Which? (The Consumers' Association, a registered charity) has published customer ratings for most utility suppliers:-

Edited to add missing suppliers; thanks Gerry1

Gerry1

Nick_C said:

Which? (The Consumers' Association, a registered charity) has published customer ratings for most utility suppliers:-

What's happened to Bulb?  'Which?' show them at No.3 with 78%.

https://switch.which.co.uk/energy-suppliers/energy-companies-rated.html

Clif

Outfox The Market were at number 19, therefore, it just goes to show that comparison websites only want to promote suppliers who pay them commission!