Energy: Find the cheapest supplier & earn cashback

harryhound

Personally I think the energy market is a one way bet, especially the electricity part of it.
There are all sorts of "compulsory unrequited payments" being imposed on the generators by the government - that is stealth tax to you and me.
They will be used to subsidise "green measures" so that the country will not be so beholden to the likes of this statesman.

I will let you decide which is the more dangerous and which one has caused the most deaths.

digital

We are able to avoid price changes by terminating an account and moving elsewhere within a specified period. Can we also avoid early cancellation fees by this method or do they still apply even though BG have moved the goalposts?.

Ajayel

Are the latest British Gas price rises factored in to Money Saving Expert comparison site links already? Or will they only be included from the day the changes take effect?

I did post unsuccessfully for some help on this a few days ago, but I hope the above is clearer/simpler.

curlygirl1971

Ajayel wrote: »

Are the latest British Gas price rises factored in to Money Saving Expert comparison site links already? Or will they only be included from the day the changes take effect?

I did post unsuccessfully for some help on this a few days ago, but I hope the above is clearer/simpler.

I dont know.

I have an online account with BG and I just found out exactly how much I was using (the value) and then added 16% to my elec and 18% to my gas - worked out new yearly price and used that as the basis for comparison. HTH

Ajayel

curlygirl1971 wrote: »

I dont know.

I have an online account with BG and I just found out exactly how much I was using (the value) and then added 16% to my elec and 18% to my gas - worked out new yearly price and used that as the basis for comparison. HTH

Thanks Curlygirl, that's a good idea. At those % increases it's likely to be still worth moving despite the £30 x 2 penalty... and to send BG a message too. As they last put prices up in December 2010 I thought I'd be safe for a year at least!

Indecisive_2

I've just tried the Simply Switch £40 cashback link from MSE, and also gone directly to their Gas & Elec switch page. The results are different! Specifically the edf fixed saver 2 doesn't show up via the cashback link.

Very suspicious.

curlygirl1971

I've just switched

Firstly I checked with USwitch (I'd also checked with various others earlier in the week) and can confirm that USwitch are already using the new BG prices that come into force in August as a basis for their comparisons. Can't remember what the other ones were doing - but probably the same.

I chose the NPower Price Protector and went via Quidco (after clearing my cookies of course) and hopefully my £70 cash back will track. According to the comparisons I should save £142 pa - if I cancel within the first 12 months I will have to pay back any DD discount I've received (About £8.30 per month) plus £20 cancellation fee per fuel. I figured it was worth it and esp if my Cashback tracks.

davemidd

mbailey wrote: »

I think the suggestion is that the 2 lowest rates around at the moment the Npower go fix 6 or the EDF Fixed Saver 2 are likely to be pulled soon. (How soon, who knows...)

I heard an advert on the radio yesterday from EDF for their Fixed Saver 2. Read into that what you will...

BlueScouse

MsConstipatedPiggyBank wrote: »

I've seen from Martin's emails that he's advising a utility fix now. I'm currently on E.ON Save Online 2 (electricity only) fix, which ends on 31st August 2011. I've used energyhelpline.com to compare costs and to gain the £15 cashback, but it seems I can't get a better deal than I had with EON. The best deal means I have to pay an extra £22 annually, but I am presuming I have to accept this because it may turn out to be cheaper than the planned price rises (and is only a £7 loss with cashback anyway). Consequently, I'm looking to switch to Npower Go fix 6, the lowest priced deal.

I presumed I'd be able to tell energyhelpline that I'd like my new deal to start on 1st September 2011 so that my current EON SaveOnline 2 contract could finish, but it looks like I have to change today! (I couldn't see any buttons that appeared to mean I could change the start date). Can anybody advise whether it's better to change now or to wait until 31st August? I'm presuming the costs might rise further in the meantime, so am assuming I should go now, but could just use a quick response as this stuff isn't very straightforward!

The EON Save Online 2 appears to have been the best tariff around for the last 18 months - impossible to beat according to Energyhelpline and Scottish Power.
My cheapest switch will add £177 per annum (15%) and the cheapest fixed deal will add £297 (24%) to my current bill of £1,212 per annum.
Now for the crystal ball bit: If EON increase their prices by 20% in the near furture, my annual bill will rise to £1,666. A fixed deal for one year would cost £1,509 (£157 saving assuming I can realise a full year's saving) and a three year fix would cost £1,625 per annum (edf Fixed Price 2014) saving me £41 per annum for three years and more if there are further increases before 2014.

SO, I can gamble by switching to EON Save Online 8 (or edf on line s@ver v10) OR I can play safe by switching to edf Fixed Price 2014.

A straight choice - any advice???!!

Doc_N

BlueScouse wrote: »

The EON Save Online 2 appears to have been the best tariff around for the last 18 months - impossible to beat according to Energyhelpline and Scottish Power.
My cheapest switch will add £177 per annum (15%) and the cheapest fixed deal will add £297 (24%) to my current bill of £1,212 per annum.
Now for the crystal ball bit: If EON increase their prices by 20% in the near furture, my annual bill will rise to £1,666. A fixed deal for one year would cost £1,509 (£157 saving assuming I can realise a full year's saving) and a three year fix would cost £1,625 per annum (edf Fixed Price 2014) saving me £41 per annum for three years and more if there are further increases before 2014.

SO, I can gamble by switching to EON Save Online 8 (or edf on line s@ver v10) OR I can play safe by switching to edf Fixed Price 2014.

A straight choice - any advice???!!

There's no easy answer - depends entirely on the position you take on longer term energy prices.

For what it's worth, I'm pessimistic about future prices, and that's why I fixed with Scottish Power a few weeks back until 2014. The 'free' boiler service contract was an added bonus.