Energy: Find the cheapest supplier & earn cashback

Susan1942

Would someone clarify for me what the situation re switching to Scottish Power. My understanding is that this is with moneysupermarket.com and states £70 + another £30 through which site.
I was looking at topcashback as I thought it gave the best deal but now MSE email is talking about this different switch.

Would appreciate any advice as I have a penalty to pay for leaving my current provider. Any cash back will more or less compensate.

Many thanks

Sue

Premier_2

Susan1942 wrote: »

Would someone clarify for me what the situation re switching to Scottish Power. My understanding is that this is with moneysupermarket.com and states £70 + another £30 through which site.
I was looking at topcashback as I thought it gave the best deal but now MSE email is talking about this different switch.

Would appreciate any advice as I have a penalty to pay for leaving my current provider. Any cash back will more or less compensate.

Many thanks

Sue

http://forums.moneysavingexpert.com/showpost.html?p=36649515&postcount=5

Susan1942

I have moved to Scottish Power now. Switched with Energyhelpline They were offering £15 and Scottish Power £70 for dual and £35 for single fuel.
I only have electricity so will get £50 cashback which I am delighted with. I have a penalty of £50 but as the saving are so much I am happy to change. Based on the readings from last year my monthly DD should be around £62. Currently paying £80 with Southern Electric but only changed to them 3 months ago as Atlantic were charging me £101 and wished to increase to £110.

Thanks to everyone who helped me with this MISSION!

Sue

gjpountain

I am with OVO for both gas and electric, pay by direct debit, usage gas usage 29061 Kwh per year. Electric 8389 Kwh per year.
Gas daily charge 32.88p then 1.85p per kilowatt
Electric daily charge 19.73p then 7.40p per kilowatt.
I'm on the New Energy Variable tariff

If you enter these figures then both eneryhelpline and uswitch give all figuers in red with eon at number one telling me if I switched I would pay £70 per year more!

However and this is the problem.
If I fill in all the figures and for my example I pretend I am with British gas (standard tariff) then when the results come up it tells me I would save £337 if I changed to e-on. Now here is the problem OVO is £70 cheaper than e-on so why is OVO not even on the list?
(it is under green energy half way down the page)

Why is this well there is a clue
Some time ago when I was considering whether to change or not when I put my figures in (I was then with npower) it did come up with OVO. However uswitch wouldn't let you switch online you had to phone them. I poned them and they said if I wanted to go with OVO then I would have to do it myself direct but they then told me it was a new company and I might be better with the next one down e-on as I could just do it online through them. From the pressure I recieved not to go with OVO but with any other company I believe there must have been a financial incentive to recommend others but not OVO.

By the way just out of interest I have worked out my annual cost with OVO. Here are the figures including standing charges
with OVO total cost Electric : £692.80p
with OVO total cost GAS : £657.64p
TOTAL Gas and Electric = £1,350.44p

With E-on it gets more complicated but I'm pretty sure I've worked it out accurately:
saveonline3 tariff
Gas 29061 Kwh. £824.17p
Electric 8389 Kwh. £795.81p
Total £1,619.98p less 8% = £1490.38p less 6% = £1,400.96p.
Difference £50.52p

Ovo are cheaper but neither uswitch or energyhelpline will tell you.
By the way I don't work for or have any relationship with OVO.

I would ask you to work out the figures for yourself and let me know if you think I'm wrong.

Premier_2

gjpountain wrote: »

I am with OVO for both gas and electric, pay by direct debit, usage gas usage 29061 Kwh per year. Electric 8389 Kwh per year.
Gas daily charge 32.88p then 1.85p per kilowatt
Electric daily charge 19.73p then 7.40p per kilowatt.
I'm on the New Energy Variable tariff

If you enter these figures then both eneryhelpline and uswitch give all figuers in red with eon at number one telling me if I switched I would pay £70 per year more!

However and this is the problem.
If I fill in all the figures and for my example I pretend I am with British gas (standard tariff) then when the results come up it tells me I would save £337 if I changed to e-on. Now here is the problem OVO is £70 cheaper than e-on so why is OVO not even on the list?
(it is under green energy half way down the page)

Why is this well there is a clue
Some time ago when I was considering whether to change or not when I put my figures in (I was then with npower) it did come up with OVO. However uswitch wouldn't let you switch online you had to phone them. I poned them and they said if I wanted to go with OVO then I would have to do it myself direct but they then told me it was a new company and I might be better with the next one down e-on as I could just do it online through them. From the pressure I recieved not to go with OVO but with any other company I believe there must have been a financial incentive to recommend others but not OVO.

By the way just out of interest I have worked out my annual cost with OVO. Here are the figures including standing charges
with OVO total cost Electric : £692.80p
with OVO total cost GAS : £657.64p
TOTAL Gas and Electric = £1,350.44p

With E-on it gets more complicated but I'm pretty sure I've worked it out accurately:
saveonline3 tariff
Gas 29061 Kwh. £824.17p
Electric 8389 Kwh. £795.81p
Total £1,619.98p less 8% = £1490.38p less 6% = £1,400.96p.
Difference £50.52p

Ovo are cheaper but neither uswitch or energyhelpline will tell you.
By the way I don't work for or have any relationship with OVO.

I would ask you to work out the figures for yourself and let me know if you think I'm wrong.

Could you confirm which supply area you are in (or first part of your postcode) and I will look into this for you

Alternatively, if you click on the appropriate tariff on the energyhelpline results page, it will inform you how they calculated the annual costs (and hence any cost/discount you may have overlooked)

gjpountain

Premier wrote: »

Could you confirm which supply area you are in (or first part of your postcode) and I will look into this for you

Alternatively, if you click on the appropriate tariff on the energyhelpline results page, it will inform you how they calculated the annual costs (and hence any cost/discount you may have overlooked)

Post code is BB5 4PH

Premier_2

gjpountain wrote: »

I am with OVO for both gas and electric, pay by direct debit, usage gas usage 29061 Kwh per year. Electric 8389 Kwh per year.
Gas daily charge 32.88p then 1.85p per kilowatt
Electric daily charge 19.73p then 7.40p per kilowatt.
I'm on the New Energy Variable tariff

If you enter these figures then both eneryhelpline and uswitch give all figuers in red with eon at number one telling me if I switched I would pay £70 per year more!

However and this is the problem.
If I fill in all the figures and for my example I pretend I am with British gas (standard tariff) then when the results come up it tells me I would save £337 if I changed to e-on. Now here is the problem OVO is £70 cheaper than e-on so why is OVO not even on the list?
(it is under green energy half way down the page)

Why is this well there is a clue
Some time ago when I was considering whether to change or not when I put my figures in (I was then with npower) it did come up with OVO. However uswitch wouldn't let you switch online you had to phone them. I poned them and they said if I wanted to go with OVO then I would have to do it myself direct but they then told me it was a new company and I might be better with the next one down e-on as I could just do it online through them. From the pressure I recieved not to go with OVO but with any other company I believe there must have been a financial incentive to recommend others but not OVO.

By the way just out of interest I have worked out my annual cost with OVO. Here are the figures including standing charges
with OVO total cost Electric : £692.80p
with OVO total cost GAS : £657.64p
TOTAL Gas and Electric = £1,350.44p

With E-on it gets more complicated but I'm pretty sure I've worked it out accurately:
saveonline3 tariff
Gas 29061 Kwh. £824.17p
Electric 8389 Kwh. £795.81p
Total £1,619.98p less 8% = £1490.38p less 6% = £1,400.96p.
Difference £50.52p

Ovo are cheaper but neither uswitch or energyhelpline will tell you.
By the way I don't work for or have any relationship with OVO.

I would ask you to work out the figures for yourself and let me know if you think I'm wrong.

EHL suggest your annual charge with OVO would be £1420 (as opposed to £1350.44 you calculated)

This is based on:
Gas: Daily standing charge: 34.52p (£126 p.a.)
unit: 1.950p / kWh

Electric: Daily standing charge: 20.71p (£75.60 p.a.)
unit: 7.770p / kWh

These prices look different to what you say you are actually charged.
(Looks like your charges for Ovo exclude vat at 5% )

I've tried checking direct with the ovo site, which appears to use EHL, but the New Energy Variable tariff isn't currently offerred. It's also not shown on EHL if I choose BG as current supplier, so I suspect it is not available to new customers.
As you are already on the tariff, you continue to benefit. You have read the comparison site correctly in that any change would cost you at least £70 per year more. (even after having taken into account the 5%/£70 vat you pay extra to ovo compared to what you calculated)

Edit: the price for Eon is £1490 per year. That includes the 8% discount for dual fuel direct debit. (The 6% discount is not additional - it's just a guarantee that's how much cheaper that tariff will be compared to standard tariff by Eon)

The cheapest Ovo tariff currently available appears to be New Energy Fixed at £1628 p.a.

livedog

EON wanted to up my energy bill by 10% per month so I called Energy Helpline who were very helpful and I chnaged in 15 mins to Scottish Power saving me £330 pa plus £50 cashback dual fuel + £15 martin Lewis cashback .based on £1560 pa GAS and 1380 EL charge by EON. so about 13% saving pa. EON always want you to be in credit with them or they want to put up your DD. Have they never heard of a sin wave graph going equally positive and negative over summer and winter ? They wouldn't budge , so they've lost a customer . Thank you ML for timely newletter .

gjpountain

Thanks for the interest and correcting some of my calculations.
Firstly I failed to include the Vat at 5% in my costings for OVO so yes this brings the total to £1,420 or thereabouts (not £1,350)
Secondly I deducted a further 6% from E-on which I shouldn't have done making the total £1,490.00p (not £1,400.00p).

Thirdly, the firgures I quote are those I am being charged (+vat @ 5%).
The anomally appears I think because the correct tariff for OVO is available for comparison as I have done which tells me that e-on would cost me £70 more if I changed (but the tariff may not be available now if you join.) All very confusing.
It would be good to hear from OVO if this is the case or not - is the 'new energy variable tariff' still available?
If not then it would be good when doing comparisons to have a note next to the tariffs to say (no longer available to new customers) this would avoid the confusion.

Thanks for helping - any further thoughts?

Graham

NEW INFORMATION.
Have just been on the OVO website and put in my details saying I was an E-on customer on their saveonline3 (dual fuel) tariff and OVO tells me it would cost me £138 more to have them (OVO) provide me with Gas and Electric.
So in conclusion you are right new customers don't get the same rates as I am now enjoying - sorry to all those out there who I may have mislead. I wonder how long I will continue to recieve the prices I am curently paying

The_Toff

In this weeks email it had details for:

Extra £70 cashback on cheap energy switch
Use comparison sites to get £70 extra ON TOP of the usual cash or crate of wine

So, I did a comparison, and it was worth me doing it. Went via the link, so I'll get the usual MSE £30 via Moneysupermarket...

But HOW will the extra £70 come to me? There was no mention of it at all on the links, only in the email.