Green Energy Price Hike - Thoughts?

Pugliese

Just received the following from Green Energy advising me of the following Price Hike in Electricity - see below in Italics
Checked with the comparison sites and the MSE tool but no one can get close to my current tariff.
Can anyone recommend a company?

Thanks
  Electricity Gas Unit Rate(s) p/kWh 12.17 3.32 Standing Charge p/day 15 10 Estimated Annual Consumption (kWh) 5485 12752 Personal Projection (12 months) £722.42 £460.01

Your current rates are:

The above prices include VAT. Your estimated annual consumption is based on the information currently available to us and subject to change.

These rates will stay the same until 13/02/2021. After this date, your new rates will be:

  Electricity Gas Unit Rate(s) p/kWh 15.92 3.32 Standing Charge p/day 15 10 Estimated Annual Consumption (kWh) 5485 12752 Personal Projection (12 months) £927.96 £459.99

Verdigris

Have you tried separate suppliers for gas and electric. That can often be cheaper.

Pugliese

Verdigris said:

Have you tried separate suppliers for gas and electric. That can often be cheaper.

I'll try that, thanks

UnclaimedEnergy

Main reason for the price increases are due to how much wholesale has risen in the last couple of months. That being said, normally when suppliers increase a cheap variable the increase on the rates is normally higher than the increase in costs during that time. However this is because the original tariff was already at below cost.

You therefore need to find a new tariff which is still going to be priced below cost. When having a look at Elec, make sure you set your usage high. 

Symbio, Utility Point and Neon Reef all have the cheapest unit rates for Elec. However I personally would avoid them, but if you're looking to save a few £ in the short term then you might as well join them:

Symbio - strange billing patterns and late payments on industry bills could mean they aren't around for much longer
Utility Point - tend to stack up credit on customers accounts, months delays on getting it refunded after switch away
Neon Reef - owned by Utility point.

After that though there isn't much of a stand out supplier. Zebra and Entice might show as the cheapest however make sure you check the website quote as they might be different.

Pugliese

UnclaimedEnergy said:

Main reason for the price increases are due to how much wholesale has risen in the last couple of months. That being said, normally when suppliers increase a cheap variable the increase on the rates is normally higher than the increase in costs during that time. However this is because the original tariff was already at below cost.

You therefore need to find a new tariff which is still going to be priced below cost. When having a look at Elec, make sure you set your usage high. 

Symbio, Utility Point and Neon Reef all have the cheapest unit rates for Elec. However I personally would avoid them, but if you're looking to save a few £ in the short term then you might as well join them:

Symbio - strange billing patterns and late payments on industry bills could mean they aren't around for much longer
Utility Point - tend to stack up credit on customers accounts, months delays on getting it refunded after switch away
Neon Reef - owned by Utility point.

After that though there isn't much of a stand out supplier. Zebra and Entice might show as the cheapest however make sure you check the website quote as they might be different.

Thanks so much for the overview, very helpful

Gerry1

UnclaimedEnergy said:

Symbio, Utility Point and Neon Reef all have the cheapest unit rates for Elec. However I personally would avoid them, but if you're looking to save a few £ in the short term then you might as well join them:

Utility Point - tend to stack up credit on customers accounts, months delays on getting it refunded after switch away
Neon Reef - owned by Utility point.

Agreed, Utility Point have a dreadful reputation, but I've had no problems with sister company Neon Reef and they responded lightning fast when I had a query.

It's been nearly a year and, although not available to new customers they haven't increased their ultra-cheap variable prices so I can't complain.

I haven't left them, and that process is always the proof of the pudding, but Neon Reef might be worth a try.

rp1974

Utility Point were fine when I was their customer for a year,roughly around 2018.
The renewal after a fixed tariff was a joke so left for Symbio.
Symbio have amongst the lowest prices,for me at least,they do also have,arguably abysmal customer service.
Seem to spend more time on trustpilot,facebook,twitter etc,etc than sending factual,accurate information to their customers.
Pay peanuts get monkeys has seldom been more appropriate.

Richmc

This is one reason I always go for fixed rate deals the standing charge with Green had doubled, for variable customers and that is their admin charge and has nothing to do with the wholesale price of energy.
As a 100% renewable supplier how can they justify an increase? Has the price of wind gone up? Does sunshine cost more?
If Green goes the way of Yorkshire Energy there will be no exit fees to pay will just need to switch again.

Pugliese, switch to "Anderson" tariff with Green, it's good value, just keep an eye on the direct debit.

niktheguru

Gerry1 said:

UnclaimedEnergy said:

Symbio, Utility Point and Neon Reef all have the cheapest unit rates for Elec. However I personally would avoid them, but if you're looking to save a few £ in the short term then you might as well join them:

Utility Point - tend to stack up credit on customers accounts, months delays on getting it refunded after switch away
Neon Reef - owned by Utility point.

Agreed, Utility Point have a dreadful reputation, but I've had no problems with sister company Neon Reef and they responded lightning fast when I had a query.

It's been nearly a year and, although not available to new customers they haven't increased their ultra-cheap variable prices so I can't complain.

I haven't left them, and that process is always the proof of the pudding, but Neon Reef might be worth a try.

I mirror this. Neon reef have been very good. Their old variable tariff is only 11p a kwh. I recently contacted them on webcam regarding reducing a direct debit (as the account was getting more than 50 quid in credit) and they amended it instantly without any problems. Very impressive. (Sane thing took about 4 calls and a bit or arguing with symbio!)

Farway

niktheguru said:

Gerry1 said:

UnclaimedEnergy said:

Symbio, Utility Point and Neon Reef all have the cheapest unit rates for Elec. However I personally would avoid them, but if you're looking to save a few £ in the short term then you might as well join them:

Utility Point - tend to stack up credit on customers accounts, months delays on getting it refunded after switch away
Neon Reef - owned by Utility point.

Agreed, Utility Point have a dreadful reputation, but I've had no problems with sister company Neon Reef and they responded lightning fast when I had a query.

It's been nearly a year and, although not available to new customers they haven't increased their ultra-cheap variable prices so I can't complain.

I haven't left them, and that process is always the proof of the pudding, but Neon Reef might be worth a try.

I mirror this. Neon reef have been very good. Their old variable tariff is only 11p a kwh. I recently contacted them on webcam regarding reducing a direct debit (as the account was getting more than 50 quid in credit) and they amended it instantly without any problems. Very impressive. (Sane thing took about 4 calls and a bit or arguing with symbio!)

Glad to hear this, I'm just moving from Green variable to NR fixed due to price increase.

I would've been happy to say with Green if only a few quid in it but it was more than a few quid involved

warmy

Richmc said:

Pugliese, switch to "Anderson" tariff with Green, it's good value, just keep an eye on the direct debit.

Hi all 
im on green tariff ampere which ends next month nothing comes close to it for price have been looking at Anderson tariff  but it will be a lot more expensive as I’m a high user. If I changed to the  Anderson tariff now the it starts straight away.
so just wondered should I switch or stay  ?
Dont think the Anderson tariff will be around to long