Dual Fuel Comparison

isherer

Just had an email asking me to look at my energy supplier as it thinks I can save £117 per year. I keep a spreadsheet myself to check fuel prices on a regular basis and when I enter the tariff the saving is only £41 per year (inc. the MSE cashback). Has anyone else noticed a discrepancy like that?

molerat

Often, it depends what you are comparing it against. The general comparison is, if you are on a fixed tariff, the expensive do nothing option of standard variable when the fix ends.

JJ_Egan

As above .
My comparisons show at most £30 pa saving against current best tariffs .
Not some mythical Ofgem standard price benchmark .

Flt._Lt._Biggles

isherer wrote: »

Just had an email asking me to look at my energy supplier as it thinks I can save £117 per year. I keep a spreadsheet myself to check fuel prices on a regular basis and when I enter the tariff the saving is only £41 per year (inc. the MSE cashback). Has anyone else noticed a discrepancy like that?

No, but loads of similar posts on here.

Invariably it relates to GIGO by the poster, or sometimes a complete lack of reading/understanding at what they have activley optred to long at.

Happy, once agian, to be proven wrong with this ... but I haven't yet despite lots of attempts by others.

If you'd like somone to explain where you have gone wrong, you will have to:
(a) return to the forum :cool:
(b) post full details

isherer

It has my current cost (with Bulb) spot on. Checked and rechecked the Pure Planet dual fuel price and definitely incorrect (for my area) based on same energy used (from the MSE data on me).

First time I have used this comparison so if others are experiencing it then fair enough but people must realise not to look at the "Saving" figures because they are likely to be inaccurate.

Flt._Lt._Biggles

isherer wrote: »

It has my current cost (with Bulb) spot on. Checked and rechecked the Pure Planet dual fuel price and definitely incorrect (for my area) based on same energy used (from the MSE data on me).

First time I have used this comparison so if others are experiencing it then fair enough but people must realise not to look at the "Saving" figures because they are likely to be inaccurate.

What?

You mean the comparison site is spot on indicating you are not saving any money being with Bulb?

:rotfl::rotfl::rotfl:

Gerry1

There's a well known problem in that Ofgem's official formula for calculating savings is daft. For example, if you're six months into a 12 months fixed tariff it assumes you won't switch and will end up on your current supplier's expensive tariff for six months. Ofgem's stupid advice could lure you into to paying exit fees and switching to a more expensive tariff !

Always ignore any so-called savings. Just compare total annual costs based on annual metered usage.

Bigphil1474

OP, I've had a similar issue with MSE energy club - email saying I could save about £120 a year on the best deal. Checked the unit prices and daily charge against my current supplier, and the saving would be about £30/y. I am one month into an 18 month fix, so nothing to do with being switched to SVR. Not sure why it says I can save that much.

isherer

That's what I am saying exactly BigPhil. People need to be careful and check the amount "Saved" by entering actual energy usage.