Add your feedback on energy supplier Powershop

It will be interesting to see when this new fixed rate is offered to me.

I would assume I'd be notified around 50 days in advance as I would be if I was on a fixed term tariff (in fact this is what happens with my gas tariff as I'm on a fixed contract with zog)

If this is the case I should be notified imminently.

My concern is none of these changes were communicated to existing loyal customers. I stumbled on them by accident

I'm not against going onto a fixed contract with option of reducing my costs via purchasing powerpacks

In effect its not a fixed contract it's a capped contract

It's powershops handling and explaining of the changes that worries me slightly though

There is no real need to have different standing charges mentioned in fact they'd be better off keeping to one standing charge

Or even maybe removing it altogether

They can price their product how they want at end of day its the final cost to us the customer thats important to us and the ability to compare the cost effectiveness of powershops tariffs to other companies products

All these changes have done to me is confuse the hell out of me (previously a strong advocate and supporter of powershops methods and model) and I'm sure I'm not the only one

Wasnt aware of the eon npower deal. Thank you for the info hengus
At end of the day I'm happy not being Tied down to a contract and am free to leave at anytime

I certainly wouldn't enter into a fixed length contract with exit fees with powershop at the moment

I guess at the moment I have best of both worlds the reassurance of a capped price with potential for great savings via powerpacks as opposed to a svr which can in effect alter at any time given sufficient notice

My future with powershop all hinges on this mysterious deal they will offer me come my 12 month anniversary which is approaching fast

Yes I've always had that notion in the back of my mind too griffb.

I'll give powershop the benefit of the doubt until I receive my fixed offer (though its really a capped offer) as a capped offer without exit fees is preferable to both a variable no exit fee deal or a fixed with exit fee deal.

Still unimpressed these changes weren't communicated to existing customers though

Look forward to receiving updates from you griffb. In particular how the whole closing procedure and refunds of powershop credit goes .

I've had a rethink and am staying with powershop for the meantime. As you say the past 6 months have been incredible value with powershop so im hopeful come winter the larger discounts will return

It appears as mentioned by others on here these changes to powershop are more to ensure their pricing meets new government regulations than an actual price increase. There were fears government regulations would be to the detriment of customers who shop around for the best deals and this does appear to be the case. However I understand why these regulations are necessary to help people who don't bother shopping around for the best prices.

The confusion that arose coupled with an incredibly competitive tariff from utility point nearly led to me jumping ship

However after discussions with helpful people at powershop I am confident my price for powerpacks will ensure powershop stay competive in the months ahead and won't see my prices increase

At the moment I'm on track to easily beat my easy saver promise of 395.43. My 12 month cost calculated using an average of my actual 10 month usage figures should be in region of £366 for 3099 kwh .

For same usage utility points variable tariff comes out as 376.24 but of course this is guaranteed whereas powershop depends on me buying powerpacks which is an unknown variable

I like the innovative way powershop works too and the whole raft of information they give you.

I hope utility point is good for you griffb. Please keep posting and thanks for joining in the discussion

Eversmart Energy have today (16th April 18) launched a new tariff "Fixed Smart Special" which is a Fixed Price 12 month contract with no exit fee.

Charge is 11.710 pence per kWh (NOTE: Yorkshire Region price).

There is no standing charge.

Comparing the Powershop (PS) and Utility Point (UP) products the Eversmart Energy (EE) deal is the cheapest for all who have an annual consumption of less than 7,500 kWh per Year.

Examples:

• 1000 kWh UP £153.97, PS £171.83, EE £117.10 (24% saving on UP)
• 2000 kWh UP £267.70, PS £280.19, EE £234.20 (13% Saving on UP)
• 3000 kWh UP £381.43, PS £388.55, EE £351.30 (8% Saving on UP)
• 4000 kWh UP £495.16, PS £496.91, EE £468.40 (5% Saving on UP)
• 5000 kWh UP £608.89, PS £605.27, EE £585.50 (3% saving on PS)

NOTE: UP Cheaper than PS up to 4,324 kWh per year, then PS Cheaper

So what's the catch?

They require that you install a Smart meter - (SMETS 1, I presume), however, if you already have a smart meter....
See which.co.uk to perform the comaprison