Energy: Find the cheapest supplier & earn cashback

johnnywishbone

Juggler,

I think the slightly misleading thing with the "capped" rates is that there is a roof that the unit prices can raise up to. To be honest id take the unit cap price to be the actual price in a couple of months. "Fixed" is subltly different. I.E you get the unit price "fixed" at the price you sign up to.

I've been thinking about this capping and fixing and to be honest i think we've all missed the boat on this one.

The best i can see offered is fixing till Aug,Sep,Oct next year, and to get this you need to pay an inflated unit price right now. If you weigh up the fact that you will only get "fixed" or "capped" unit prces for 12 months or so but need to pay around a quarter to a third higher unit prices to get the deal right now. Offset this against the fact that energy prices may not rise that significantly till later on this year? - I really am struggling to calculate a saving !

Months ago energy suppliers like British Gas were capping and fixing rates till 2010 etc, and this is what I mean by we've missed the boat.

If you think about it :- Energy suppliers are having to pay bigger wholesale prices because of oil etc. But they are having to honour "fixed" and "capped" rates to their end users who took long term deals out months ago. If you spin this out it actually means that the forthcoming price hikes are not directly and completely affected by the raising wholesale prices, a big factor on the prike hikes will be to cover the long term price fix deals that were made to customers months ago !

Its funny to think that you could be subbing your neighbours cheap gas and leccy bills !!

well its not actually

Theese are my thoughts anyway, just thought i'd throw them in the grinder, someone with a bit more nouse will probably be able to put facts and figures to all this !

I-LOV-MONEY

johnnywishbone wrote: »

The best i can see offered is fixing till Aug,Sep,Oct next year, and to get this you need to pay an inflated unit price right now. If you weigh up the fact that you will only get "fixed" or "capped" unit prces for 12 months or so but need to pay around a quarter to a third higher unit prices to get the deal right now. Offset this against the fact that energy prices may not rise that significantly till later on this year? - I really am struggling to calculate a saving !

I think this sums it up very well.

I am looking at a second-property switchover. As we are using a relatively small amount of electricity/gas, it just doesn't seem worth capping or fixing because of the premium I would have to pay until the price increases.

I wonder if one day millions and millions of tonnes of oil were found in the West one day. Wonder what price it would be sold at ? :rotfl:(cue: well there was the expense of finding the site; the expense of bringing it to ground ; the expense of the equipment ; the expense of our inital losses ; the riggers want more money; etc. - maybe we could just do it at $140 per barrel !)

Schnoogleboo

Hi I just switched using money supermarket on the advice of MSE saying I would get 30 pounds cashback but on the email I have it mentions nothing of the 30 pounds cashback?

I-LOV-MONEY

mrsbluebear wrote: »

Hi I just switched using money supermarket on the advice of MSE saying I would get 30 pounds cashback but on the email I have it mentions nothing of the 30 pounds cashback?

I think, (I hope, as I am in the same boat!), that it comes when the transfer has been made and completed. Possibly after the first bill has been paid.

xposis

mrsbluebear wrote: »

Hi I just switched using money supermarket on the advice of MSE saying I would get 30 pounds cashback but on the email I have it mentions nothing of the 30 pounds cashback?

If you entered your bank details when you used uswitch they will pay you auto using BACS payment around 2-3months after you switch.

hope this helps after 3months if you dont see anything in your statment contact them

MoneyMiser

I-LOV-MONEY wrote: »

I think, (I hope, as I am in the same boat!), that it comes when the transfer has been made and completed. Possibly after the first bill has been paid.

Hi,

Did you click the moneysupermarket link on Martins Utilities page?

Usually it would say in the email about the £30 cash back so you may need to contact them to see if it has tracked as coming from MSE.

MM

I-LOV-MONEY

MoneyMiser wrote: »

Hi,

Did you click the moneysupermarket link on Martins Utilities page?

Usually it would say in the email about the £30 cash back so you may need to contact them to see if it has tracked as coming from MSE.

Originally yes. When I hadn't heard any more from the utility company or MS I rang the latter. The person told me that it had been cancelled because some information was missing ?! (nice of them to let me know).

Anyway, she took my details over the phone and confirmed it would all go through this time (albeit a different provider !). She volunteered the information that I would get the £30 cashback.

Jake'sGran

I feel sure there must be something wrong with my energy bills. We pay £42 for electricty and £40 for Gas each month by DD and agreed to have on line bills. When I looked at the site they were not showing the electricity. A few weeks ago they asked us to give them up to date readings and today I have received an email saying we owe over £113 for electricity and £240 for gas.

I'll check the readings again but if these bills are correct I am curious as to where the extra is being used. I don't use the oven the way I used to but do use the hob regularly(both electric). We had the central heating on whenever necessary as I take Warfarin because I have a prosthetic heart valve and as my blood is so thin I feel the cold very easily. I'll look at ways to cut down but despite energy prices increasing so much our bills seem exhorbitant. We are using Atlantic, part of Southern I believe. We used to be with BG and were always being credited with overpayments but since then we have a new condensing boiler so maybe that has something to do with it.

Chris52_2

I am still waiting for my £60 cashback from moneysupermarket. I emailed them and Atlantic energy 13th June querying when I would be paid. Moneysupermarket emailed back "around the 25th June". I've emailed them twice again and now waiting for their reply as I still haven't been paid!

MoneyMiser

Chris52 wrote: »

I am still waiting for my £60 cashback from moneysupermarket. I emailed them and Atlantic energy 13th June querying when I would be paid. Moneysupermarket emailed back "around the 25th June". I've emailed them twice again and now waiting for their reply as I still haven't been paid!

You will be waiting a long time for £60 as the offer is only for £30 cash back for a dual fuel switch. Plus you can only get the cash back once from MS so the maximum you can get is £30.

See the thread below, mainly post #8 if you have not recieved your cash back.

http://forums.moneysavingexpert.com/showthread.html?t=981789

MM