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Neon Reef - any views?

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  • Gerry1
    Gerry1 Posts: 10,848 Forumite
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    edited 29 May 2021 at 11:39PM
    @Telegraph_Sam Unfortunately it seems that you may have missed the boat.  The good ship Neon Reef has sailed and their competitive Marine v2 tariff had to walk the plank last Wednesday.
    Marine v3 is quite expensive, 14.580p per kWh plus 33.14p per day in my region, so make sure you do your sums before switching.
  • Telegraph_Sam
    Telegraph_Sam Posts: 2,552 Forumite
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    Pity about the plank. I'd still get away with 24.54 per day which merits consideration. Except that this is a variable not fixed tariff where different yardsticks apply. Back to the drawing board?
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • niktheguru
    niktheguru Posts: 1,487 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 30 May 2021 at 6:36AM
    If that's the only downside that should be live-able with.  Any hassle with agreeing meter readings, consumption forecasts, D/D's and the like?
    Neon reefs set up is rather basic compared to octopus. You’ll agree the direct debit at the beginning, meter readings are easy to submit on their online portal or via email, they have never questioned any reading in my experience and it’s a simplistic process. No real consumption forecasts available as such. You submit your readings and are billed for usage. Any problems you speak to them on online chat or email. (No phone line)

    it’s an easy no nonsense affair.
  • MWT
    MWT Posts: 10,269 Forumite
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    edited 30 May 2021 at 9:17AM
    Gerry1 said:
    Marine v3 is quite expensive, 14.580p per kWh plus 33.14p per day in my region, so make sure you do your sums before switching.
    Perversely perhaps I actually see the price increase as a good thing, as given current wholesale rates the old tariff was simply unsustainable, so they either had to sail over the waterfall of the SoLR process and vanish into the mists of time like so many others, or bring their prices at least within reach of plausibility, so good to see they are trying to stay around by updating the tariff...

  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 30 May 2021 at 10:56AM
    Gerry1 said:

    Marine v3 is quite expensive, 14.580p per kWh plus 33.14p per day in my region, so make sure you do your sums before switching.
    Which region is that daily charge rate.????

  • Telegraph_Sam
    Telegraph_Sam Posts: 2,552 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Norh East. I don't know if we get any particular privileges.
    Telegraph Sam

    There are also unknown unknowns - the one's we don't know we don't know
  • Gerry1
    Gerry1 Posts: 10,848 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Gerry1 said:

    Marine v3 is quite expensive, 14.580p per kWh plus 33.14p per day in my region, so make sure you do your sums before switching.
    Which region is that daily charge rate.????
    19, South East.
  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 30 May 2021 at 11:58AM
    Gerry1 said:
    Gerry1 said:

    Marine v3 is quite expensive, 14.580p per kWh plus 33.14p per day in my region, so make sure you do your sums before switching.
    Which region is that daily charge rate.????
    19, South East.

    BN postcode would be probably as close as a random guess could get :) most NR SC regions for current tariff offered to new customers appear to be  just under 25p with po33 - 20.855p per day

  • bristolleedsfan
    bristolleedsfan Posts: 12,645 Forumite
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    edited 30 May 2021 at 11:47AM
    Norh East. I don't know if we get any particular privileges.

    Irony is Octopus Electricity kwh rate is much lower in North East than North West, most other suppliers I have looked at including NR are the other way around so savings you see in comparison with Octopus not as great at what others will see.
  • pallyman
    pallyman Posts: 355 Forumite
    Part of the Furniture 100 Posts Name Dropper
    If that's the only downside that should be live-able with.  Any hassle with agreeing meter readings, consumption forecasts, D/D's and the like?

    Till they sort it out i can not see anything except my payments,when i joined they were asking for less DD than i thought i used so emailed them to up my DD and was quickly done.They say the meter thing is something to do with the company that does the meter transfer when i moved from SP.
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