Energy: Find the cheapest supplier & earn cashback

ddodgeman

Hi,

I'm looking at the current energy club deal. I Wonder if someone can explain, having crunched the numbers on standing charges and expected useage for gas per year (8469 kwh) and electric 1251 (kwh) for me it seems even accounting for cash back where applicable both Eon and Avro (doesnt even offer cash back) are still cheaper than Pure Planet which MSE is plugging as a market beating switch (i did see there is a caveat of regional variations) including cash back/credit  the sums I arrived at were: Pure Planet £484.43 (including deduction of £25 cash back and £54 credit) Avro £472.19 & Eon £446.55 (including deduction of £25.

Anyone else seeing the same? Surprisding to find Pure Planet even with deductions is some way off the best deal - I also crunched the numbers with a higher useage in case a higher standing charge was skewing the figures to one supplier coming out better on a low useage model but the ranking stayed the same.

Thnaks in advance

Biscuit_Tin

ddodgeman said:

Hi,

I'm looking at the current energy club deal. I Wonder if someone can explain, having crunched the numbers on standing charges and expected useage for gas per year (8469 kwh) and electric 1251 (kwh) for me it seems even accounting for cash back where applicable both Eon and Avro (doesnt even offer cash back) are still cheaper than Pure Planet which MSE is plugging as a market beating switch (i did see there is a caveat of regional variations) including cash back/credit  the sums I arrived at were: Pure Planet £484.43 (including deduction of £25 cash back and £54 credit) Avro £472.19 & Eon £446.55 (including deduction of £25.

Anyone else seeing the same? Surprisding to find Pure Planet even with deductions is some way off the best deal - I also crunched the numbers with a higher useage in case a higher standing charge was skewing the figures to one supplier coming out better on a low useage model but the ranking stayed the same.

Thnaks in advance

I'm sure if you gave us details of your supply area and consumption details, we would all see the same.

As you say there is a caveat to any claim that any specific supplier/tariff is the cheapest.
There is no one supplier/tariff that is cheapest for all. If there were, we would all be on that tariff and there would be no need for comparison sites. But there is a need for comparison sites to allow you to see what is the cheapest option(s) for you.

Consumerist

ddodgeman said:

. . .  Surprisding to find Pure Planet even with deductions is some way off the best deal . . ..

I agree with Biscuit_Tin above. Don't believe the hype - check the numbers for yourself. My personal preference is CEC for comparisons because they ignore Ofgem's ridiculous pro-rata method of calculation.

Talldave

For my London postcode that level of consumption costs £452 from OutFox The Market signing up for separate supplies (£462 on their dual fuel deal - no I don't understand that either), no cashback and the associated hassle of wondering if it will get paid.

murphydavid

If you are considering a change of supplier at this time did you see the email posted by MSE yesterday refering to
https://www.moneysavingexpert.com/latesttip/?anchor=energy&utm_source=MSE_Newsletter&utm_medium=email&utm_term=09-Jun-20-50617063-345&utm_campaign=nt-highlights&utm_content=2#energy
Ive not investigated but it sounds worth a look.

ddodgeman

Hi Thanks for posts and comments. Im in west mids area (I think) Warwickshire to be precise. So it looks like Eon is the deal for me. Energy consumption is generally on the low side and I have gas central heating. Just hope the Eon deal hangs around til July 8th which is the first date I can leave green enery network without penalties. I see the Eon deal means you are obliged to have smart meters fitted which is the only concern. hope these now are working properly and give correct readings and can easily be switched between suppliers - have heard some horror stories. Anyone have any recent feedback on performance? As for the link posted above that is for the Pure Planet deal that spurred me to write the post in the first place so yes have seen that.

Doc_N

Prices have obviously risen. Pure Planet would add more than £100 to my existing fix.

Maggiesav

i have switched to octopus energy from Eon energy but the touble is that eon never register my new meter so National database have no record what can I do ?Octopus are trying to sort this but it is taking a long time Margaret

Consumerist

Maggiesav said:

i have switched to octopus energy from Eon energy but the touble is that eon never register my new meter so National database have no record what can I do ?Octopus are trying to sort this but it is taking a long time Margaret

Your new supplier has the responsibility for sorting this out. If your switch takes longer than 15 working days then your new supplier should automatically pay compensation of £30. If they fail to automatically compensate then another £30 compensation becomes due. So, I'd suggest you just hang in there and await developments.

Mark_Able

I'm reviewing energy suppliers' dual fuel tariffs as my current tariff with OVO expires soon.  I have done my research, comparing tariffs against the new tariff I'll be on with OVO, and frankly there is very little difference between the most competitive and OVO -  A saving of £6.00 a month/£72.00 a year.  Accepted I have only compared 8 other providers.   However, I've also used the comparison sites to, a). validate my analysis, and b). see if there were any better offers available.  The comparison sites claim I can save up to £380 a year on my rollover plan.  Frankly this is a con.  Firstly it assumes that the current tariff will be allowed to rollover to the standard flexible tariff.  This is unlikely, you wouldn't be consulting a comparison site if you weren't actively looking for competitive renewal tariffs.  Secondly they compare a fixed term tariff against a flexible tariff.  You can't claim you can save users money when you are not comparing "like with like". 
I say, spend a little time and effort reviewing a handful of dual energy providers and compare your new plan with your existing provider's equivalent renewal offer.  You'll be surprised how much difference there is between what the comparison sites claim and what you can actually save.
You have to remember that all these providers are using the same energy and therefore there can never be any significant difference in quoted Kw/hr rates for either electricity or gas, the significant difference is in the standing charge.  My analysis shows the difference between hi-low electricity per Kw/hr is 24%, gas per Kw/hr is 56%.  Standing charges per day, difference between hi-low are: electricity 95% and gas 103%.
Don't be cheated by these sites, they are deceiving to you.
Mark