Energy: Find the cheapest supplier & earn cashback

batcatz

.. or should I wait till April? My monthly DD for duel fuel with Scottish Power (standard tariff as I've been waiting to switch) is going up to £88! I live in a small terraced house on my own and only have the heating on in the evening. I could get £130 cashback with quidco if I switch to Npower who show as cheapest. Sign Online 17.

Shall I go for it or wait?

NonGeographicalMan

batcatz wrote: »

.. or should I wait till April? My monthly DD for duel fuel with Scottish Power (standard tariff as I've been waiting to switch) is going up to £88! I live in a small terraced house on my own and only have the heating on in the evening. I could get £130 cashback with quidco if I switch to Npower who show as cheapest. Sign Online 17.

I can't see cashbacks getting any higher than £130 any time soon. Its far more likely they will go back down to £70 or whatever.

You can always switch again if a better deal comes along.

earledawes

Hi there

Haven't been in a position to switch suppliers for one reason or another since about 2005 so looking forward to chopping my bill and cashbacking.

If I switch to npower dual fuel now from Southern Electric duel fuel, bearing in mind i used about 8000kwh of gas over the past 4 months, am I going to get hit with a huge bill to pay off in one lump sum? I've been on monthly DD to try and spread the cost. This is the only thing holding me back from switching over right now is how I will have to settle the outstanding balance.

Any advice appreciated
Cheers

MartinCB

If topcashback offers the best deal, why doesn't Money Saving Expert recommend this and advise people to avoid the other switching websites?

NonGeographicalMan

MartinCB wrote: »

If topcashback offers the best deal, why doesn't Money Saving Expert recommend this and advise people to avoid the other switching websites?

Because they have a deal to recommend one of the switching websites (who advertise on this website) who will grudgingly pay you £30 for a dual fuel switch if introduced to them through www.moneysavingexpert.com, even though they pay nothing at all to their other switching customers.

As Moneysavingexpert.com does not make any money by introducing people to www.topcashback.co.uk or www.quidco.com that is why they do not mention them here.

Those of you who imagine that Martin Lewis and moneysavingexpert.com are running some kind of benevolent and totally impartial charity are sadly deluding themselves.

harryhound

harryhound wrote: »

I saw a similar interview in a discussion about just how much are the (largely foreign) energy companies making in excess profits (we will never know the British government does not have the powers to raid their offices in USA Germany France etc.etc.)
The European Union should be sending in the shock troops


The millionaire was in the process of setting up "a transparent not for profit" operation.

Think this must be the bloke you had in mind:
http://www.northamptonchron.co.uk/news/Entrepreneur-is-fired-up-to.6110084.jp

Now let me see - who has tried something like that before?
Ah yes Freddie Laker (For those under 40: he set up one of the first low cost airlines, having made profits by breaking the Russian blockade of Berlin using old planes left over from WW2).
What happened to Freddie - he was put out of business by a cartel run by pillars of the establishment.
(The sort of airlines who are now desperately trying to make mergers to avoid bankruptcy.)

Anyone here want to tell me about "the Feed in Tariff" ?
As from July last year (as I understand it) you can get PV electricity generating panels put on your south facing roof slope. You then get paid 41.3 pence a unit for every unit you make starting this April.
What I really want to know - looking at the rest of us - who is paying for some people to get negative electricity bills?

(OK I'm a pensioner so who wants to rent my roof space?)

Does this make hassling over a 30 GBP cash back very small beer in comparison?

hethmar

Isnt this the scheme where you pay out a lot to have these units and then you can "sell" your spare units to the grid?

hethmar

Oh, just googled and found this:

http://www.fitariffs.co.uk/FITs/quick/

harryhound

As I understand it, the electricity company takes the value of the units you have made off your electricity bill but at a rate of 41.3 pence a unit.this should be enough to make many bills, on an annual basis, negative as the stuff coming in through your mains meter will be charged at (say) 10 to 15 pence a unit while the meter attached to the panels is being paid 41.3 pence a unit???????
What happens in the winter during the night for people who have night storage heaters buying electricity at say 5 pence a unit ?????? (Panels on the roof in the winter dark won't be producing much electricity:rotfl:)
It looks like the highest output you could get on a roof in clear Spring summer & autumn conditions is 4 - 5 Kw (and the rate after that falls anyway)
So does this change the balance point for choosing Economy 7 ?

(Where have the eyes rolling and the shoulders shrugging smilies gone?)

harryhound

hethmar wrote: »

Oh, just googled and found this:

http://www.fitariffs.co.uk/FITs/quick/

Thanks hethmar - I read your first posting but not your second before replying.

Looks like I must spend from now to lunch-time trying to get my head round all this.

On the face of it - "Its a no brainer?" investment for our devaluing currency?