Cheap Energy Club is recommending Ecotricity. Are they any good?

dllive

Hi all, 

Cheap Energy Club is suggesting I could save a fair bit if I go with Ecotricity. I dont have a smart meter, but would be tempted to get one if it means I can take advantage of the lower tariffs. 

Are Ecotricity a fairly legit company? Ive only just very recently moved to Tomato Energy, who Ive received no communication from apart from initial confirmation.

Thanks

bristolleedsfan

dllive said:

Are Ecotricity a fairly legit company? 

https://en.wikipedia.org/wiki/Ecotricity

QrizB

They're legit, have been around for ages. Aren't often the cheapest option but have good green credentials.

If they're going to save you money, I can't see any reason not to switch to them.

JohnSwift10

After the email last night from CEC I checked my details and Ecotricity are only going to save me £29 in a year so I won't bother, especially since I have exit fees from Eon.

clueless323

Hi everyone,

I am moving back into the house that I rented out in a couple of weeks and have done price comparison for fixed rate deals as Martin has noted that the price cap is increasing. Ecotricity comes out as the cheapest (although still a lot more than I was paying with British Gas when I moved out of my house in August last year!

I don't know much about this company - are they any good?

timdiecast

They can't be any cheaper than Tomato can they, assuming you're making use of the discounted times?

dllive

Unfortunately I cant take advantage of the 'discounted time' type tariffs becuase most of my useage is on the heat pump, which is running 24/7.

At the moment, my TE tariff is:

Daily Standing Charge: 59.94p/day

Unit rate: 21.27p/kWh

With Electrocity, it would be:

Standing charge: 53.393p per day

Unit rate: 20.496p per kWh

Ive only been with TE for a month. But theres no exit fee. However, if I go with Electrocity, its fixed for 12 months and has a £75 exit fee.

So... Im not sure what to do really. Perhaps move to Electrocity and assume that the rates are competitive until my 12 month term matures.

TroubledTarts

dllive said:

Unfortunately I cant take advantage of the 'discounted time' type tariffs becuase most of my useage is on the heat pump, which is running 24/7.

At the moment, my TE tariff is:

Daily Standing Charge: 59.94p/day

Unit rate: 21.27p/kWh

With Electrocity, it would be:

Standing charge: 53.393p per day

Unit rate: 20.496p per kWh

Ive only been with TE for a month. But theres no exit fee. However, if I go with Electrocity, its fixed for 12 months and has a £75 exit fee.

So... Im not sure what to do really. Perhaps move to Electrocity and assume that the rates are competitive until my 12 month term matures.

Is that more of a won't than a can't?

We thought the same of the cosy tariff but have found that the heat in the house is fine having heating off 4-7pm, advancing in the 8 hour slots and retarding during the non Cosy hours. Upshot is an average of 17.5p kwh since 2nd Jan

Just for info we don't have any solar, batteries or an EV

Newbie_John

timdiecast said:

They can't be any cheaper than Tomato can they, assuming you're making use of the discounted times?

Tomato 5p Lifestyle averages to 16p/h so if you draw constantly the same amount it should be cheaper than other rates of 21/20p.
On top of that anything that you manage to shift to cheaper periods like dishwasher, tumble drier etc. it will make it even cheaper.

I don't know if you can preset different temperatures at different times but setting to like 25°C between 4:00-6:00, 9:30-11:30, and then 21°C after should limit the amount of electricity you use at higher rate times.

Staying on topic - Ecotricty is good, although you pay little bit more because of "green" factor - but if that's what you after then why not.

dllive

Hmm, TBH, Im not sure if its a 'cant' or a 'wont'. I got the heat pump installed a couple of years ago, and they said that - to run it efficiently - I should leave it on 24/7. Its on a weather compensation curve, which means it adjust the temp depending on what the outdoor temp is.  

Davejura68

I'm thinking of moving to Ecotricity from Eon. Does anyone have a referral code please? Should both get credit.