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My Cheap Energy Club result is always rubbish

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  • rufford155
    rufford155 Posts: 132 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    I have figured it out and the bottom line is that the MSE Cheap Energy Club results are WRONG !
    The reason is that they are using the wrong unit rates for my current tariff.
    They say I will pay 1,068 this year but I will actually pay 1,180 - that's an error of 112.
    I have no idea where/how they got the rates but they are completely different to the current cap for my region (NW).
    My Scottish Power rates equal the price cap exactly and MSE does publish these correctly on the website.
    They also say that on the EDF offer I will pay 1,116 this year, which is correct.
    They should quote extra cost of 1116 minus 1068 which is +48 but they say +27, so that's wrong too.
    But in actual fact I could SAVE £65 by switching to the EDF offer.
    So the club results are wildly misleading, all because they used the wrong rates.
    The moral of the story is - work it out yourself !
    I will post my calculations in the next post - I hope they are understandable.

    ( And I will send this to Beth at the Cheap Energy Club)
      

    Exact energy prices depend on where you live and what you use. That's why a comparison is crucial so you can find your bespoke price. 
    What's the point of making the comparison when MSE uses the wrong rates for your current deal ?
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