Energy: Find the cheapest supplier & earn cashback

harryhound

bren.g wrote: »

did any one see gmtv on friday 26th feb a millionair setting up buisness for gas &electric missed his web site thanx

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.)

The philanthropic millionaire will be on BBC Radio 4 "You and Yours"
some time after noon next Monday.

Let us hope the interviewer will ask how he is intending to handle the 41.3 pence per unit pay back for the Feed in Tariff - I think some mechanism has been agreed with the large companies to share the FiT liability, so that no one company gets lumbered with all the the rebate accounts.??

Premier_2

harryhound wrote: »

The philanthropic millionaire will be on BBC Radio 4 "You and Yours"
some time after noon next Monday.

Let us hope the interviewer will ask how he is intending to handle the 41.3 pence per unit pay back for the Feed in Tariff - I think some mechanism has been agreed with the large companies to share the FiT liability, so that no one company gets lumbered with a the the rebate accounts.??

If anyone is interested in a not for profit company that is currently trading supplying energy to many customers (without the help of philanthropic millionaires ), and wants information on microgeneration, more info is available on the Ebico website

harryhound

Premier wrote: »

If anyone is interested in a not for profit company that is currently trading supplying energy to many customers (without the help of philanthropic millionaires ), and wants information on microgeneration, more info is available on the Ebico website

This is very confusing, at least for anyone living in England and Wales - I think it is out of date as the grant money has run out and certainly will be in April when the rate payable on generating (and using ) you own electricity goes up to 41.3p a unit- kWh (plus an extra 3 p for every spare unit you pump backwards into the grid)

This makes no sense in terms of money but our government has signed up to reducing the use of fossil fuel. As generating electricity means burning coal, throwing away about 70% of the heat and turning the rest into electricity - the only way to achieve these commitments is to close down coal fired power stations ASAP.

oly2c

Two weeks back I visited various comparison sites and made a note of the quotations. Despite assurances in this forum that the price comparison sites would take into account the recently announced tariff changes I find that quotations obtained today are lower. I will try again in April when all the changes should be effective.
I would advise scrutiny of the conditions for the various discounts. In some cases they are paid at the end of a 12 month period so that an early change would not only incur penalty payments but additionally the loss of discounts. Cashback will offset these losses but they should be considered when looking at the headline savings figures.

sablade

Hi, what should I do? Will gas prices drop any further? Will gas prices drop by more than 14% over the next year?

I have been offered a 1 year deal at approx £430 for the year or a 28 day rolling contract at approx £500 for the year. If gas stays the same for the next year I will join 1 year deal, if it drops by more than 14% over the next year I should take the 28 day contract??

any thoughts

harryhound

Oil still seems to be at a high price and the two are often interchangeable.
On the other hand we have just survived a cold winter in Europe, without the Russians turning off the supply. We also have some extra pipelines now to supply our shortfall of North Sea supplies.
I'm not clear about how many new gas fired power stations (speedy response, over 50% efficiency & and low carbon in CH4: methane) are coming on line.

You could try Googling "future markets or futures" and then google searching in the results for gas or petroleum gas or liquiid gas etc to see what all the other gamblers are betting on (then do the opposite as the majority is always wrong:D)

Nosmo_King_2

I have tried 4 comparison sites, 2 show OVO being cheapest followed by EDF, the other 2 show EDF as cheapest with OVO several places lower, considering that they are well known comparison websites you would have thought they would all be using the same up-to-date rates as they are obviously available. Doesn't half make obtaining comparisons a pain in the neck!
Just checked a different thread concerning OVO, apparently they made a mistake with the pricing (since corrected)

ImaGiant

I've also just been checking various sites. Ovo consistently comes out cheapest.

However, MoneySupermarket customer reviews absolutely slate the company.

Anyone use them, with comments, please?

ImaGiant

I've just done a search and found a similar post.

Apologies - I initially didn't want to trawl through 56 pages!!

NonGeographicalMan

ImaGiant wrote: »

I've also just been checking various sites. Ovo consistently comes out cheapest.

However, MoneySupermarket customer reviews absolutely slate the company

It sounds as though Ovo Energy and First Utility must both use the same business model of low prices but non existent customer service.:eek::mad: