Tulo Energy UK Cheapest Energy

Gerry1

 ⚠️The Tulo site gives fake quotations for Economy 7.  It doesn't ask for Day and Night kWh usage only the total, so there's no way it can be accurate.

Dozy Ofgem has condoned this scam for years, it's known about it but still fails to take any action.

wakeupalarm

How much capital do these new one man in their bedroom suppliers have to put up now?

Does the SOLR protection still apply.

[Deleted User]

wakeupalarm said:

How much capital do these new one man in their bedroom suppliers have to put up now?

Does the SOLR protection still apply.

Q1: No idea. Edit: The Application Form has the following financial requirement: Provide details of your financial projections, funding arrangements and risk management strategy for your first two years’ operation after commencing supply of electricity to premises, and proof of funding for at least your first year’s operation after commencing supply of electricity to premises. (Please refer to the application guidance published on the Ofgem website).

Q2: Yes  (I think that you mean is your credit balance protected by Ofgem: the answer is also yes.)

MattyB1980

[Deleted User] said:

Quote page has changed since I posted, now requires postcode instead of selecting region and now quotes dual fuel

I have just emptied the browser cache and the page has indeed been updated. I see that Tracker now comes with the caveat that prices can change:  'Rates are Variable and may change with 10 Days Notice'

FWiW, I am not seeing significant savings compared to my supplier's non smart tariffs"

Electricity:

30.27p/kWh  and 61.82p/day Standing charge (Tulo)

31.78p/kWh and 60.18p/day Standing Charge (Octopus)

Gas:

7.18p/kWh and 29.11p/day Standing Charge (Tulo)

7.71p/kWh and 27.47p/day Standing Charge (Octopus)

I hope that the OP has not fallen into the lower monthly payments trap?

Yeah as you quote it’s like an £80 saving for a average user but I’m quite a large user so savings for me are over £200 annually

Think the company has been in existence for over 5 years so been through energy crisis etc. just one of the smaller suppliers 

bristolleedsfan

[Deleted User] said:

Quote page has changed since I posted, now requires postcode instead of selecting region and now quotes dual fuel

I have just emptied the browser cache and the page has indeed been updated. I see that Tracker now comes with the caveat that prices can change:  'Rates are Variable and may change with 10 Days Notice'

FWiW, I am not seeing significant savings compared to my supplier's non smart tariffs"

Electricity:

30.27p/kWh  and 61.82p/day Standing charge (Tulo)

31.78p/kWh and 60.18p/day Standing Charge (Octopus)

Gas:

7.18p/kWh and 29.11p/day Standing Charge (Tulo)

7.71p/kWh and 27.47p/day Standing Charge (Octopus)

I hope that the OP has not fallen into the lower monthly payments trap?

Unit rates do not match Octopus display for either fuel which has made Tulo saving more than it really is.

QrizB

Dolor said:

I see that Tracker now comes with the caveat that prices can change:  'Rates are Variable and may change with 10 Days Notice'

Do we have any more info on exactly how rates will vary? What index they track?

I'll note that this isn't a SVT and so there's no obligation on it to remain below the Ofgem cap.

MattyB1980 said:

Think the company has been in existence for over 5 years so been through energy crisis etc. just one of the smaller suppliers 

Being in existence for five years isn't a particularly useful benchmark.

I suspect it had essentially (and possibly literally) zero customers until now, which is how it survived the crisis.

Qyburn

MattyB1980 said:

Not sure where you looking on there site but I’ve just switched Dual Fuel. They only offer Dual Fuel I believe when you go through and get a quote.  

They apparently won't quote for an address with no gas supply.

MattyB1980

Yeah think it’s dual fuel only unfortunately

Think Dolor was showing the rates for his area they will differ depending on where you live for example the rates I was quoted we’re

Electricity Unit Rate
29.12p

Electricity Standing Charge
50.29p

Gas Unit Rate
6.77p

Gas Standing Charge
29.11p

[Deleted User]

MattyB1980 said:

Yeah think it’s dual fuel only unfortunately

Think Dolor was showing the rates for his area they will differ depending on where you live for example the rates I was quoted we’re

Electricity Unit Rate
29.12p

Electricity Standing Charge
50.29p

Gas Unit Rate
6.77p

Gas Standing Charge
29.11p

It was supplier to supplier comparison based on the same postcode.

bristolleedsfan

Dolor said:

MattyB1980 said:

Yeah think it’s dual fuel only unfortunately

Think Dolor was showing the rates for his area they will differ depending on where you live for example the rates I was quoted we’re

Electricity Unit Rate
29.12p

Electricity Standing Charge
50.29p

Gas Unit Rate
6.77p

Gas Standing Charge
29.11p

It was supplier to supplier comparison based on the same postcode.

Screenshot that I posted is your region, electricity SC matches your post, unit rates do not match for either fuel, maybe you were looking at flexible rates on long list and mistakingly quoted unit rates from a different region.