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MSE News: You can now pay upfront for your energy for the next year – but is it a good deal?

MSE_Andrew
MSE_Andrew Posts: 173 MSE Staff
Eighth Anniversary 10 Posts Photogenic I've been Money Tipped!
Small supplier Eversmart Energy has launched the cheapest one-year fix on the market – but you'll need to pay the whole cost upfront...
Read the full story:
'You can now pay upfront for your energy for the next year – but is it a good deal?'
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Comments

  • brewerdave
    brewerdave Posts: 8,611 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    High risk - in view of the number of supplier failures in the past year, you could find yourself in a large credit if Eversmart went to the wall -and I'm not sure whether the current arrangement of the SOLR would allow for such credits to be carried over. Can't see OFGEM being happy!
  • System
    System Posts: 178,224 Community Admin
    10,000 Posts Photogenic Name Dropper
    brewerdave wrote: »
    High risk - in view of the number of supplier failures in the past year, you could find yourself in a large credit if Eversmart went to the wall -and I'm not sure whether the current arrangement of the SOLR would allow for such credits to be carried over. Can't see OFGEM being happy!

    Nothing new here. This is the Powershop model: that is, buying energy in advance. I doubt whether Ofgem will lose a wink of sleep as they do not pay the Consumer Levy: we do.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • gardner1
    gardner1 Posts: 3,154 Forumite
    Well the way Eversmart are trying to wriggle out of the "welcome home"tariff not being fixed/guaranteed i wouldn't trust them
  • VT82
    VT82 Posts: 1,081 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Surely what people want to know is 'can this be paid for with a credit card'? Seems an ideal use for stoozing a 0% purchases card.
  • MrsWenger
    MrsWenger Posts: 411 Forumite
    Part of the Furniture 100 Posts
    I am not sure how much this would cost me as the website populates a page of gobbledygook once I enter my annual usage.
  • @MrsWenger
    Yep, the website program crashes when you put in your actual usage figures. Hence the rubbish output.
  • MrsWenger
    MrsWenger Posts: 411 Forumite
    Part of the Furniture 100 Posts
    gsmlnx wrote: »
    @MrsWenger
    Yep, the website program crashes when you put in your actual usage figures. Hence the rubbish output.

    Not instilling any confidence for me gsminx. I must say reading another thread about them my initial impression is justified.
  • The average home price quote was enough to put me off at the start (50% more than my current deal elsewhere) but I tried the real usage refinement just to see what happened.
    The tariff values shown were 2p more per kWh and 7p more daily charge than I'm currently paying.
    I'm much better off on my current tariff anyway which runs to July 19 so had no inclination to switch.
  • Bendo
    Bendo Posts: 456 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    If you fixed back in July, it makes perfect sense that this would be a much worse deal, energy prices have rissen significantly over the past few months that this would only make sense to those coming to the end of current fix.
  • Stratus
    Stratus Posts: 254 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    Eversmart's Terms and Conditions allow them to change this deal after you have given them your annual payment.

    See section 19:

    19.1 We can change your contract at any time.

    19.3 If we make changes to this contract that are disadvantageous to you, we will give you 30 days’ notice to let you know about the changes.

    19.4 None of the following will constitute a disadvantageous change under section 19.3 above:

    (d) changing or withdrawing any benefits in accordance with this contract (for example, the loyal family saver club);


    These T&Cs, if applied, would probably be classed as unfair.
This discussion has been closed.
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