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

wrf12345

"I think many here chose the EV option despite not owning one."

If they are software developers they may welcome this as it would give them a chance to run software checks to see if an EV is in use or not, just a thought.

crumpet_man

I can't see anything in my Terms regarding having to own/use EV/Battery etc in order to qualify for that particular tariff.

TroubledTarts

bristolleedsfan said:

Definition of gamble  "a risky action undertaken with the hope of success"  "take risky action in the hope of a desired result"

T.E  take payment after energy has been used.

I think the risky part being stuck on svt if they go under for an unknown period of time waiting for a SOLR is a risk.

The two concerning things being late financials and the elexon potential expulsion.

But yes I agree no risk with paying after the fact, that is a bonus

tlcgrantham

Latest bill from tomato just landed in my online account. It’s correct apart from not charging for a few slots they couldn’t retrieve. The bill was £102.92 for 720kwh but should have been about 40p more. 

    Interestingly it mentions on the bill that “Tomato” is the new name for “Logicor”.

TroubledTarts

tlcgrantham said:

Latest bill from tomato just landed in my online account. It’s correct apart from not charging for a few slots they couldn’t retrieve. The bill was £102.92 for 720kwh but should have been about 40p more. 

    Interestingly it mentions on the bill that “Tomato” is the new name for “Logicor”.

Ours for one property was £167.29 for 1262.52kwh 

tlcgrantham

Well worth the gamble so far.

tlcgrantham

Well worth the gamble so far.

TroubledTarts

tlcgrantham said:

Well worth the gamble so far.

For us maybe but not those that  transfer just before something bad hapoens. As long as they factor that in with the current info out there about Tomato then all the good.

£41 saving over cosy

I have noticed more joining various groups as tracker and Agile come up for renewal.

lohr500

TroubledTarts said:

bristolleedsfan said:

Definition of gamble  "a risky action undertaken with the hope of success"  "take risky action in the hope of a desired result"

T.E  take payment after energy has been used.

I think the risky part being stuck on svt if they go under for an unknown period of time waiting for a SOLR is a risk.

The two concerning things being late financials and the elexon potential expulsion.

But yes I agree no risk with paying after the fact, that is a bonus

I agree about the risk of being stuck on an SVT for a period of time, especially if there are issues with outstanding billing. I don't know what the rules are on switching out from a SOLR whilst there are still outstanding debts with the failed supplier.

And what happens for those customers who have missing half hourly data? If the data cannot be retrieved at what price will customers be charged by the administrators if a supplier fails? It's great not having bills for months on end and promises of discounts when the bills do get generated, but do those promises count for anything if it all goes pear shaped? 

Bendo

bristolleedsfan said:

TroubledTarts said:

Doc_N said:

Doesn’t the future of TE depend essentially on how deep the pockets of the backers are, and what access they have to loan finance? The Octopus business model involved substantial losses in the early days to attract customers, and those losses are now being recovered with rather higher prices.

Maybe TE is just repeating the exercise, in which case, good! Octopus needs some real competition now!

That's where things are unclear.

Late on last financials to give us a clue and no clear info out there to suggest they have the backing that Octopus did when they tried this.

It's all a gamble really

Definition of gamble  "a risky action undertaken with the hope of success"  "take risky action in the hope of a desired result"

T.E  take payment after energy has been used.

Great for those that can be billed. 

Those who they have failed to bill, i.e. those on SMETS1 on Lifestyle may have a fight with an appointed administrator who may try to bill on a deemed usage profile.