Is it a good idea to switch from Yorkshire Energy?

[Deleted User]

Gerry1 said:

aaia_1234 said:

When you say " It's very important to ignore all projections and promised savings, thanks to Ofgem's stupid rules they're meaningless."....which rules are you referring to?

Let's take an exaggerated example.  You're six months into a fixed tariff that costs £1,000 per year.  When it ends, you'll be rolled over to a standard tariff costing £10,000 per year.  If you do nothing, in the next 12 months you'll pay £500 + £5,000 = £5,500.  However, if you now switch to a competitor who charges £2,000 per year, in the next 12 months you'll pay £2,000 hence your so-called "saving" will be £5,500 - £2,000 = £3,500.

Of course, that fool's gold because you'd never let yourself be rolled on to such an expensive tariff:  that's why you're getting comparisons now.  Instead of making a fantastic saving, you'll end up on a tariff that costs twice as much as your existing one.  Welcome to the Ofgem quicksand !

Sadly, most comparison sites quote these fake savings, even Citizens Advice and 'Switch with Which?'.  To its credit, MSE's CEC also gives the sensible results and gives them preference, but then blots its copy book by claiming to show all suppliers but omitting Neon Reef, and not alerting you if you are a Neon Reef customer and a cheaper tariff comes along.

Therefore, you have to be an anorak to get the best deal.  Search lots of comparison sites starting with the three above (to find deals only available via a few sites), then repeat the exercise with separate suppliers as well as dual fuel.  Finally, if you have E7 but no storage heaters, do it a third and fourth time to see whether single-rate-with-an-E7-meter is cheaper.

Phew...

Thanks for your detailed explanation.
You started by saying "When it ends, you'll be rolled over to a standard tariff costing £10,000 per year" and then you say  "in the next 12 months you'll pay £500 + £5,000 = £5,500"
How is that £10,000 lowers to £5,500?

You also say  "Search lots of comparison sites starting with the three above (to find deals only available via a few sites) then repeat the exercise with separate suppliers as well as dual fuel"

I only know: 
Compare the Market
Money Super Market
USwitch

Do you know of others?

I don't have an E7 meter, but would be interest in checking with landlord if I have a storage heater (this is completely new to me).

Gerry1

aaia_1234 said:

You started by saying "When it ends, you'll be rolled over to a standard tariff costing £10,000 per year" and then you say  "in the next 12 months you'll pay £500 + £5,000 = £5,500"

How is that £10,000 lowers to £5,500?

You also say  "Search lots of comparison sites starting with the three above (to find deals only available via a few sites) then repeat the exercise with separate suppliers as well as dual fuel"
I only know: 
Compare the Market
Money Super Market
USwitch
Do you know of others?

I don't have an E7 meter, but would be interest in checking with landlord if I have a storage heater (this is completely new to me).

The comparison periods is the next 12 months, i.e. six months on the existing fixed tariff, but only six months on the rip-off tariff (although it will continue for a further six months).

Here are the Ofgem accredited comparison sites.  There are many others, some being white labels.

No need to check with the landlord.  If it's really big and bulky, too heavy to pick up single handedly, sits on the floor rather than screwed to the wall, doesn't have a 13-A plug and stays warm for over 12 hours (after being left on overnight and then switched off) then it's a storage heater.  Search online for the make and model number if you're unsure.  Any space heater that uses full price daytime electricity will be prohibitively expensive.

However, as you seem to have gas central heating, don't even think about electric heating !

[Deleted User]

Gerry1 said:

aaia_1234 said:

You started by saying "When it ends, you'll be rolled over to a standard tariff costing £10,000 per year" and then you say  "in the next 12 months you'll pay £500 + £5,000 = £5,500"

How is that £10,000 lowers to £5,500?

You also say  "Search lots of comparison sites starting with the three above (to find deals only available via a few sites) then repeat the exercise with separate suppliers as well as dual fuel"
I only know: 
Compare the Market
Money Super Market
USwitch
Do you know of others?

I don't have an E7 meter, but would be interest in checking with landlord if I have a storage heater (this is completely new to me).

The comparison periods is the next 12 months, i.e. six months on the existing fixed tariff, but only six months on the rip-off tariff (although it will continue for a further six months).

Here are the Ofgem accredited comparison sites.  There are many others, some being white labels.

No need to check with the landlord.  If it's really big and bulky, too heavy to pick up single handedly, sits on the floor rather than screwed to the wall, doesn't have a 13-A plug and stays warm for over 12 hours (after being left on overnight and then switched off) then it's a storage heater.  Search online for the make and model number if you're unsure.  Any space heater that uses full price daytime electricity will be prohibitively expensive.

However, as you seem to have gas central heating, don't even think about electric heating !

Thanks for the clarification Gerry,
I appreciate it.

SamGrundy

Gerry1 said:

aaia_1234 said:

When you say " It's very important to ignore all projections and promised savings, thanks to Ofgem's stupid rules they're meaningless."....which rules are you referring to?

... To its credit, MSE's CEC also gives the sensible results and gives them preference, but then blots its copy book by claiming to show all suppliers but omitting Neon Reef, and not alerting you if you are a Neon Reef customer and a cheaper tariff comes along....

Do you work for Utility Point / Neon Reef?
It's all you seem to advertise on here, along with your posts about comparison sites that do not offer any possibility of cashback.

Gerry1

SamGrundy said:

Gerry1 said:

aaia_1234 said:

When you say " It's very important to ignore all projections and promised savings, thanks to Ofgem's stupid rules they're meaningless."....which rules are you referring to?

... To its credit, MSE's CEC also gives the sensible results and gives them preference, but then blots its copy book by claiming to show all suppliers but omitting Neon Reef, and not alerting you if you are a Neon Reef customer and a cheaper tariff comes along....

Do you work for Utility Point / Neon Reef?
It's all you seem to advertise on here, along with your posts about comparison sites that do not offer any possibility of cashback.

No connection whatsoever with any part of the energy industry.  I just want to help people get the best value.  I mention Neon Reef as one of the cheapest suppliers because the CEC never does.

I'll return the favour: Who do you work for or have interests in?

tim_p

Do you run a cashback site, you keep on about cash back, who do you think pays that cash back??

SamGrundy

tim_p said:

Do you run a cashback site, you keep on about cash back, who do you think pays that cash back??

Nah, mate. Whats wrong with getting cashback?

But you can find a small collection of cashback sites in this informative MSE article though.
https://www.moneysavingexpert.com/utilities/you-switch-gas-electricity/
Give it a read!

Who pays cashback? The comparison site; they share part of their commission.
If you go direct, the energy supplier keeps all that commission (that is funded from their marketing budget) for themselves. Probably funds a good few bottles of Bolly for their shareholders annual meeting!
I'd much rather have some of it in my pocket if it's going begging. It's all part of moneysaving. You end up paying the supplier the same whether you get it or not.

Every little helps! (as Tesco like to remind us)

Gerry1

SamGrundy said:

tim_p said:

Do you run a cashback site, you keep on about cash back, who do you think pays that cash back??

Nah, mate. Whats wrong with getting cashback?

Nothing wrong at all.  But you'll seldom if ever find that the cheapest tariffs offer cashback: they've given you the lowest price instead, you can't have it both ways.  If you opt for the 'show wider market' option, you'll usually find that the tops deals are those to which the comparison site won't switch you, and that's because they won't get any commission.

And if you'd bothered to read my posts, you find that I usually say compare STARTING with CA and Which: when the top deal comes up you can go to CEC and/or the commercial sites to see whether it's also available there with cashback, but that's very unlikely for the reasons I've stated.

SamGrundy

Gerry1 said:

SamGrundy said:

tim_p said:

Do you run a cashback site, you keep on about cash back, who do you think pays that cash back??

Nah, mate. Whats wrong with getting cashback?

Nothing wrong at all.  But you'll seldom if ever find that the cheapest tariffs offer cashback: they've given you the lowest price instead, you can't have it both ways.  If you opt for the 'show wider market' option, you'll usually find that the tops deals are those to which the comparison site won't switch you, and that's because they won't get any commission.

And if you'd bothered to read my posts, you find that I usually say compare STARTING with CA and Which: when the top deal comes up you can go to CEC and/or the commercial sites to see whether it's also available there with cashback, but that's very unlikely for the reasons I've stated.

You really don't think I've bothered to read your posts?
I can assure you I have, and given just as much attention to them as I did when you were replying to @Kitchen_Sink in the thread I gave you the link to earlier.

Sorry, but you are just going over old ground again.

Please take some time to remind yourself of what you posted earlier, and the replies given then.

There are numerous examples of where, including cashback, you can save money.
Take a look at the MSE email as an example.
e.g. https://www.moneysavingexpert.com/tips/2020/07/08/

Also the simplest and most effective way to cut costs is to use less. The less you use, the bigger the effect of cashback as it's a fixed amount irrespective of usage.