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Using Energy Comparison Sites (including MSE)

I would make sure you tick all boxes to show every deal available. After shopping around many times for about 3 - 4 weeks before my 12mth deal expired
chose a 2 yr deal with OVO which I thought was the best (with £30 exit fee).
2 weeks later updated the current info and curiosity got the better of me to check again showing I could now save around £200 (12 month deal). Have now changed . Obviously it's a gamble eg going bust, customer service etc. At the time I'm pretty sure I was showing cashback deals only so touch wood it's worth the effort.

Comments

  • Savings are meaningless if you are at the end of a 12 month fixed term deal. The quoted savings are the cost of a year on the supplier’s standard variable less the cost of your new fixed term tariff. It follows that you can end up on a new tariff that ‘saves’ you money but one which actually costs you more. The ‘savings’ increase the closer you get to the end of the fixed term.
  • Not not in this case because I use my own spreadsheet to compare current rather than when the current deal ends
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