Plusnet new contract value ?

TOP_CAT
TOP_CAT Posts: 583 Forumite
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edited 12 April 2023 at 7:34PM in Broadband & internet access
I just renewed my Plusnet broadband contract and so you could say I sidestepped the recent cpi increase until april 2024 which may be a issue with a 24mth contract?

New contract is 24mths, 64-72Mbps at £24.99 a month with a £75 cashback card yet to arrive .

I wondered how this compares with current broadband deals with plusnet or other providers in todays 2023 market ?
Is this a good, average or bad outcome ?

Comments

  • Neil_Jones
    Neil_Jones Posts: 8,900 Forumite
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    edited 12 April 2023 at 8:15PM
    The going rate seems to be about £24-£26 for new customers so its in the right ball park.

    However with the £75 cashback that works out (using the methodology the main website uses):

    24.99 (per month) x 24 months minus £75 cashback card divided by 24 = £21.86 equivalent cost (not altered of course for baked in automatic rise next year pending Ofcom intervention (or not as the case may be)).

    So to work with the baked in rise we have to presume.  Assuming CPI next January is 6.1%, the auto increase rate is CPI+3.9%, so that's 10%.  £24,99 + 10% = £27.48.

    So your first year is £299.88, your second year is £329.76, add them together, knock off the £75 and divide by 24, which works out to an equivalent average of £23.11  per month assuming 10% rise next year.  It may be higher, it may be lower.  You won't know the actual equivalent for the second half of the contract until next year but you know what the first half will be.
  • If you are happy with it then that's all that matters. 

    In my first contract with Plusnet (12 months) I got £75 card which was fine for me.

    Not keen on long contracts but there are a lot about. 
    Things that are differerent: draw & drawer, brought & bought, loose & lose, dose & does, payed & paid


  • brewerdave
    brewerdave Posts: 8,505 Forumite
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    If you are happy with it then that's all that matters. 

    In my first contract with Plusnet (12 months) I got £75 card which was fine for me.

    Not keen on long contracts but there are a lot about. 
    Recontracted with PN in December; (no choice of another ISP without going full fibre) so wanted 12 month deal but was told that PN no longer do 12 months ,only 18 or 24 months.
  • Neil_Jones
    Neil_Jones Posts: 8,900 Forumite
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    12 month renewal deals are showing on the website, but obviously more expensive.
    But if you phone up they'll usually be for 18/24 months.

    Plusnet quite often say they don't do this that and the other, but given enough push it usually turns out yes they can.
  • brewerdave
    brewerdave Posts: 8,505 Forumite
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    12 month renewal deals are showing on the website, but obviously more expensive.
    But if you phone up they'll usually be for 18/24 months.

    Plusnet quite often say they don't do this that and the other, but given enough push it usually turns out yes they can.
    Only for FTTP deals as far as I can see; I definitely tried hard to get a price for a 12 month deal for my 40/10 FTTC but they wouldn't entertain it. At that point ,all the rep seemed interested in ,was to move me to full fibre without a phoneline!
    Said unless I signed up for the longer deals for FTTC, I'd have to stay on a rolling 30 day contract with its eye watering £45+ PM cost !!  Can't switch to another ISP because the exchange has moved to "fibre priority" so OR won't allow an order to be placed.
  • Neil_Jones
    Neil_Jones Posts: 8,900 Forumite
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    No, I can tell you now I saw a 12 month contract in my Offers and Upgrade section.  So it may be specific on where you are, as I was offered both FTTC and FTTP as I'm not on a priority exchange.

    Best get the best deal you can with Plusnet - if its two years its two years.
  • brewerdave
    brewerdave Posts: 8,505 Forumite
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    No, I can tell you now I saw a 12 month contract in my Offers and Upgrade section.  So it may be specific on where you are, as I was offered both FTTC and FTTP as I'm not on a priority exchange.

    Best get the best deal you can with Plusnet - if its two years its two years.
    You may be right about it being area/exchange specific - the annoying thing is that PN wouldn't answer my Q about what would happen to my phone connection  IF Openreach force thru a full upgrade to FTTP within the 18/24 month period as PN aren't offering a phone service with FTTP
  • datz
    datz Posts: 159 Forumite
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    edited 16 April 2023 at 1:03AM
    TOP_CAT said:
    I just renewed my Plusnet broadband contract and so you could say I sidestepped the recent cpi increase until april 2024 which may be a issue with a 24mth contract?

    New contract is 24mths, 64-72Mbps at £24.99 a month with a £75 cashback card yet to arrive .

    I wondered how this compares with current broadband deals with plusnet or other providers in todays 2023 market ?
    Is this a good, average or bad outcome ?


    Average I would say. Not too bad.

    I moved to Now ("rebadged" Sky) about a month ago, on their higher tier FTTC ~63Mbps service. This was for £22/month, subtract £99 Quidco cashback, subtract £50 bonus Quidco cashback, making it an equivalent £9.58 per month for each of the 12 months.

    There aren't many 12 month contracts around atm, so the added benefit is I get to shop around before the next annual CPI related increase is due.

    Just took a quick look at Now's offerings, and the above is currently £26/month with £90 Quidco (premium) cashback (equivalent of £18.50 per month) - for 12 months.

    That's actually quite the difference over the one month since I signed up - I guess timing is everything.
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