Tomato Energy (Electric Only Supplier) - Too Good To Be True ?

cfw1994

MWT said:

Newbie_John said:

@MWT link please

My emails says otherwise.
MSE website says:
Once the transfer is complete, British Gas has said it's planning to offer an exclusive tariff to Tomato Energy customers. 

Here is the link for the business customers I referred to earlier:

https://www.britishgas.co.uk/business/tomato-energy

Going to have to wait just a little longer for the consumer tariff details, but there is no way that BG are going to suddenly offer a bunch of HH ToU tariffs that they do not currently have so I'd expect the 'exclusive' tariff to look a lot like the SVT with possibly a small discount for an initial period before reverting to SVT if you don't pick a different existing tariff (...or switch away). 

Interesting.
SMETS2 meters can, AIUI, be an Economy 7 meter.  That yields a different tariff 🤣
That said, I am sure we aren’t on that….& even their E7 isn’t too competitive (Utility Warehouse beats it, & I believe you can *just* have electricity without any other ‘services’)

EssexHebridean

cfw1994 said:

MWT said:

Newbie_John said:

@MWT link please

My emails says otherwise.
MSE website says:
Once the transfer is complete, British Gas has said it's planning to offer an exclusive tariff to Tomato Energy customers. 

Here is the link for the business customers I referred to earlier:

https://www.britishgas.co.uk/business/tomato-energy

Going to have to wait just a little longer for the consumer tariff details, but there is no way that BG are going to suddenly offer a bunch of HH ToU tariffs that they do not currently have so I'd expect the 'exclusive' tariff to look a lot like the SVT with possibly a small discount for an initial period before reverting to SVT if you don't pick a different existing tariff (...or switch away). 

Interesting.
SMETS2 meters can, AIUI, be an Economy 7 meter.  That yields a different tariff 🤣
That said, I am sure we aren’t on that….& even their E7 isn’t too competitive (Utility Warehouse beats it, & I believe you can *just* have electricity without any other ‘services’)

In the first instance though it will come down to how your meter is designated currently I believe - so if your meter curently shows as E7 you will have been moved to the E7 variant, if it shows as single rate, then you'll be straight onto standard variable single rate. 

MWT

cfw1994 said:

MWT said:

Newbie_John said:

@MWT link please

My emails says otherwise.
MSE website says:
Once the transfer is complete, British Gas has said it's planning to offer an exclusive tariff to Tomato Energy customers. 

Here is the link for the business customers I referred to earlier:

https://www.britishgas.co.uk/business/tomato-energy

Going to have to wait just a little longer for the consumer tariff details, but there is no way that BG are going to suddenly offer a bunch of HH ToU tariffs that they do not currently have so I'd expect the 'exclusive' tariff to look a lot like the SVT with possibly a small discount for an initial period before reverting to SVT if you don't pick a different existing tariff (...or switch away). 

Interesting.
SMETS2 meters can, AIUI, be an Economy 7 meter.  That yields a different tariff 🤣
That said, I am sure we aren’t on that….& even their E7 isn’t too competitive (Utility Warehouse beats it, & I believe you can *just* have electricity without any other ‘services’)

E7 is typically just a different version of a tariff so the SVT will have both a single-rate and an E7 variant.

With the bulk transfer they will probably have just used the meter type recorded on the central data base to determine if the meter is supposed to be E7 or not. 

... and from the post earlier this morning it looks like the 'special' Tomato tariff is just their SVT as expected. 

These are for the Eastern region

amz1909

Jon1952 said:

Just switched to E.ON from Tomato (or rather trying to.....British Gas are blocking the move currently. They seem to think that taking on Tomato's few customers is a big deal (for a company with a churn of over a million a year...really?). The E.ON tariff is interesting, in that you get 6 hours at 'overnight' rate, and (if you link teir app to the car) charges the car - at times they determine - during the day - at night rates. You tell them when you need it full supposedly and it decides when to do it. Interesting bit is that during the 'car charge segments' all your house electricity is also at the cheap rate.

We will see how this works out......

the standing charge on this is 60p per day ... that does take some savings away ... have you calculated with normal tariff and see the difference pls 

Ildhund

MWT said:
... the 'special' Tomato tariff is just their SVT as expected. 

Thanks for posting those two tariffs simultaneously - it's not often we get to compare multi-rate to comparable single-rate.

According to my 'O' level maths, we can establish the break-even point at which E7 begins to be worth it:

(Day rate - single rate)/(Day rate - Night rate) = (33.507 - 26.529)/(33.507 - 14.140) = 6.978/19.367 = 0.36

So long as offpeak (Night) use is more than 36% of the total, E7 will be cheaper for someone with this choice. The 0.4p higher SC is not really significant.