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Disappointed with Cheap Energy Club

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1900sr
1900sr Posts: 16 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 23 May 2020 at 10:24AM in Energy
Just moved to Octopus via the Cheap Energy Club, seemed a good deal with £25 cash back. Logging into my online account it seems if I found someone else who was an existing Octopus customer then if they had recommended me we could have had £50 each. Disappointed this wasn't mentioned by MSE. 

Comments

  • Hi,
    maybe this is why:

    Does MSE make money from this?

    Some suppliers pay comparison sites and collective schemes for switches. We give roughly half of this to switchers as cashback – £25 for a dual-fuel switch and £12.50 for single fuel. 

    What's left pays for our data, as well as the suppliers and team that works on this, and hopefully leaves some profit.


  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Plus Octopus £50 plastered all over the place .
  • 1900sr
    1900sr Posts: 16 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 23 May 2020 at 11:30AM
    Yes I see that, but it seems MSE is now supposed to be about how we can get the best deal unless it's in their own interests to recomnend a worse one. Surely this isn't why Martin Lewis set the site up? 
  • Gerry1
    Gerry1 Posts: 10,848 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CEC don't show results from Neon Reef, often one of the cheapest electricity suppliers.  Similarly, it won't let me register them as my supplier in order to get alerts when better deals come along.
  • 1900sr
    1900sr Posts: 16 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Just managed to find the offer details, it seems the deal we've signed to was an exclusive one for MSE, so hopefully the rates will be low enough to mean we're better off even with only half the cashback Octopus usually offer.
  • Hi,
    did you not check the rates before signing up, compare to what you were paying and to other comparisons, or did you just go for the £25?
  • 1900sr
    1900sr Posts: 16 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Did comparisons with other suppliers, but not within the same supplier. 
  • MWT
    MWT Posts: 10,262 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    1900sr said:
    Just managed to find the offer details, it seems the deal we've signed to was an exclusive one for MSE, so hopefully the rates will be low enough to mean we're better off even with only half the cashback Octopus usually offer.
    I hope so, but you may be disappointed, Octopus are one of the better companies that allow their existing customers to move to 'exclusive' tariffs as well...
    Check out the options here... https://octopus.energy/tariffs/
    Just put in your postcode, don't use the 'quote' option.
    If your tariff is listed it would have been available to you once you had switched to them. (also look at the historical tariffs if you don't see your exact tariff listed as a few updated recently).

  • binao
    binao Posts: 666 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    1900sr said:
    Just managed to find the offer details, it seems the deal we've signed to was an exclusive one for MSE, so hopefully the rates will be low enough to mean we're better off even with only half the cashback Octopus usually offer.
    Hi 1900sr, Please can we all know which Octopus deal you signed up for?

    Also the rate / cost / pence per kWh for gas and electricity?  Tracker?

    Good luck on your switch.
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