Energy: Find the cheapest supplier & earn cashback

Doc_N

I-LOV-MONEY wrote: »

So therefore I don't see the point in everybody saying "I switched to .." as the cheapest supplier, because they may not be in 'your' area.

Indeed so. The comparison sites will, of course, tell you which are the best rates for your area.

crockpot

Hi

I too have had the letter to say my online V1 tariff will go up.

Am I right in thinking I will have to wait until 16th jan-day after increase to compare products?

Thinking of the 20-20 thing but would need a new meter and tied in for 12 months.

We have a Hot tub and a washer/dryer which has a timer, so could benifit from cheaper night time and week end use.

Any ideas?

Thanks

I-LOV-MONEY

crockpot wrote: »

We have a Hot tub

If it is for 'humans', can I come round, please

Mister_Mender

Thanks very much for all the previous info, very helpful indeed .... after recently receiving the "surprise" price increase letter from EDF I rang 0808 101 5184 this afternoon and spoke with a very charming lady who transferred me over to Online Saver V5 Monthly Fixed Direct Debit from Online V6 Standard? Fixed Direct Debit. All in all it took about six minutes and was a very pleasant experience. In return I told her about the Money Saving Expert website so she could get on board and share with her friends.
:beer:

crockpot

I-LOV-MONEY wrote: »

If it is for 'humans', can I come round, please

Where do you live?

Its ok when you are in it, but its horrible when you get out onto the black ice!

andyinyorkshire

I haven't heard on a forum post where so much positive feedback about the negative post about the same company.

Are EDF employees bored and posting on here?
The fact that EDF have radically increased their rates (Yorkshire is my area) I am leaving regardless... the idea that you have to phone up to cancel then are offered a better deal because you are leaving is becoming more and more common practice which lets face it you shouldn't do with whether it is credit cards or power supplies until you check the comparision web sites.

In the Yorkshire area I am leaving for npowers good deal for me, as they not only are offering £90 quidco cashback but also don't tie me in for a leaving fee in a years contract should prices drop/change.

Listen to the offer from EDF, write it down and check the comparison sites for your area and then decide. As their offer isn't on the comparison site and you are confused with prices i'd go for the caparison site each time no matter how convincing the members of the 'sales' team are.

Doc_N

andyinyorkshire wrote: »

I haven't heard on a forum post where so much positive feedback about the negative post about the same company.

Are EDF employees bored and posting on here?
The fact that EDF have radically increased their rates (Yorkshire is my area) I am leaving regardless... the idea that you have to phone up to cancel then are offered a better deal because you are leaving is becoming more and more common practice which lets face it you shouldn't do with whether it is credit cards or power supplies until you check the comparision web sites.

In the Yorkshire area I am leaving for npowers good deal for me, as they not only are offering £90 quidco cashback but also don't tie me in for a leaving fee in a years contract should prices drop/change.

Listen to the offer from EDF, write it down and check the comparison sites for your area and then decide. As their offer isn't on the comparison site and you are confused with prices i'd go for the caparison site each time no matter how convincing the members of the 'sales' team are.

I'd agree with you on this - seeing the posts here has actually STOPPED me from signing up with EDF as a direct result.

chumley01

I don't work for EDF lol, however, I have just switched my tariff with EDF. I was on their fixed until x/x/09 and then onto their standard. I have just stayed with them and gone onto their online v5 saving me over £300. I have not had a problem with them in all this time (last 3/4 years) and any queries I have had have been dealt with to my satisfaction every time (such as DD going up/down and asking reason why after viewing my statements)
An advantage I have possibly is being in the industry for the past 10 years, since deregulation, I have seen alot of things in my time.
I like the statements showing previous years usage for same period as well as last quarter usage in a simple graph comparison.

However, this isn't what I actually came on here to post.

My main question, if permitted, as it's more of a financial question in relation to Money Saving Expert itself is in relation to the cashback situation.

I haven't read through every page on this thread so apologise if it has been previously asked.

If companies (such as energyhelpline) give a £15 cashback (per supplier switch) and you have stated that the amount paid to a comparison site from energy companies is between £30-£60. I am a little curious to know what amount you receive from a comparison site for directing a customer to them that then switches their energy. As you have pointed out, it's only right the public know how much a comparison site makes from energy suppliers, then, in the same vein, surely it would be good practice to follow with how much (approximately) a comparison site pays a referring site such as yourself?:rolleyes:

Taking the top figure an energy company is paying (according to your site) - £60 - then if you were to receive a similar amount as the cashback - £15, it would appear if a customer switched elec to BG and gas to Npower that would be £15 cashback on each fuel and £15 to yourself as referrer that would be 3/4 of any payment from an energy company going out in 'fees' from a comparison site. Worse (and very unlikely) would be looking at a lower figure of £30 from an energy company would actually mean a 'negative' figure for a comparison site to be paying out in cashback and your referral fee, not taking into account their own costs involved.

I would therefore suggest that a £30 payment is either for pre-payment meter and is excluded from cashback or that £30 is in fact a single fuel payment amount and therefore conclude £60 is an amount per dual fuel switched (£30 each fuel).

Just curious

Cardew

chumley01 wrote: »

However, this isn't what I actually came on here to post.

My main question, if permitted, as it's more of a financial question in relation to Money Saving Expert itself is in relation to the cashback situation.




Just curious

How the site is financed

http://www.moneysavingexpert.com/site/moneysavingexpert-finance

harryhound

Ah well I too have jumped from EDF V6 to V5.
Theoretically Atlantic would have been cheaper but perhaps it is better the devil you know.......?
So we all go round and lob rocks through the office windows if EDF jack up the prices for V5 next month?