We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

My Cheap Energy Club result is always rubbish

Options
2456

Comments

  • EssexHebridean
    EssexHebridean Posts: 24,424 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You chose not to extend your bolding of text to include the adjacent word “average” then? 

    Apologies if I have missed it but I’m unclear how allowing that the rates on the special tariff are below the current SVR rates, it can be coming up higher than the SVR for you? Are you certain you’re not already on a previously available fix and so are currently paying below SVR anyway? 

    Your use isn’t massively low - you’re using a similar amount of gas per annum to us, but less electricity.  I can’t check how that deal would have worked for us now as of course it has ended - and it wouldn’t be comparable for me in any event as we are on Agile, but from what I saw of the tariff it did appear that the unit prices would have been lower than the SVR for our region. 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • rufford155
    rufford155 Posts: 122 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    I do understand why I get a lousy result.

    My usage is fairly low compared to average, so the daily charges dominate the total price paid.

    So lower kWh prices don't help if the daily charges stay high.

    I'm only imploring MSE to make this a lot clearer to everybody.
    Best way is to contact them direct, via email.
    See my very first post :-
    I have complained strongly about this and even suggested that Martin should be made aware, but the replies don't give me any confidence that anything will change.
  • rufford155
    rufford155 Posts: 122 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    EssexHebridean :smile:

    No, I am NOT on a fix and that's the first thing they tell me when on login to Cheap Energy Club - since you have to input the name of your current tariff and that, presumably, is where they start the comparison.

    Yes, that exclusive deal has ended, so the figures I posted above were the results that day.

    When I complained directly by email, I was hoping for an explanation but the replies (from Beth) merely repeated the stuff already published in the weekly email, on the Club site and quoted by some folk here.

    I have been trying it for months since my last fix ended early last year and have NEVER had saving better than just a few quid (under 10).

    I am beginning to wonder if their calculations are wrong somehow so I am going to do some of my own which I will report on here (might be a few days)
  • EssexHebridean
    EssexHebridean Posts: 24,424 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    There will be a unit rate and a standing charge in the quote you received - can you post what those were, along with the unit rate and standing charge you are paying currently? 
    🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
    Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
    Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
    £100k barrier broken 1/4/25
    SOA CALCULATOR (for DFW newbies): SOA Calculator
    she/her
  • t0rt0ise
    t0rt0ise Posts: 4,477 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I agree with you. It is always rubbish. They try to guess at what the increases in the cap will be over the next year and compare against that. They say that's what they are doing.

    Also when deleting your account it says all details will be deleted but when I rejoined it changed my suppliers in my account to what they had been before. So it had kept my details after deleting my account, or so it seems.
  • rufford155
    rufford155 Posts: 122 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    There will be a unit rate and a standing charge in the quote you received - can you post what those were, along with the unit rate and standing charge you are paying currently? 
    If you are offering to work it out, thanks, but as I said, I can do that myself.

    I will try to post my spreadsheet when it's done.
  • born_again
    born_again Posts: 20,458 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    I do understand why I get a lousy result.

    My usage is fairly low compared to average, so the daily charges dominate the total price paid.

    So lower kWh prices don't help if the daily charges stay high.

    I'm only imploring MSE to make this a lot clearer to everybody.
    Best way is to contact them direct, via email.
    See my very first post :-
    I have complained strongly about this and even suggested that Martin should be made aware, but the replies don't give me any confidence that anything will change.
    If you want to make ML aware, & he no longer owns this site, he sold it off for 6 figures. Then post on his X account.
    Life in the slow lane
  • QrizB
    QrizB Posts: 18,255 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    If you want to make ML aware, & he no longer owns this site, he sold it off for 6 figures. Then post on his X account.
    Eight figures, if memory serves?
    Either way, it's no longer his train set.

    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • rufford155
    rufford155 Posts: 122 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    QrizB said:
    If you want to make ML aware, & he no longer owns this site, he sold it off for 6 figures. Then post on his X account.
    Eight figures, if memory serves?
    Either way, it's no longer his train set.

    But he still writes on the weekly email and I reckon he still has a controlling influence.

    And he calls his wife Mrs MSE and his child Mini MSE !

    He surely still has a role and even a job title, I think, and probably an office within the organisation.

    Maybe not his train set but he's still nurturing his baby !
  • born_again
    born_again Posts: 20,458 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    QrizB said:
    If you want to make ML aware, & he no longer owns this site, he sold it off for 6 figures. Then post on his X account.
    Eight figures, if memory serves?
    Either way, it's no longer his train set.

    But he still writes on the weekly email and I reckon he still has a controlling influence.

    And he calls his wife Mrs MSE and his child Mini MSE !

    He surely still has a role and even a job title, I think, and probably an office within the organisation.

    Maybe not his train set but he's still nurturing his baby !
    https://find-and-update.company-information.service.gov.uk/company/06160943/officers

    Not listed as a officer
    Life in the slow lane
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.