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  • shammyjack
    • #2
    • 4th Feb 13, 8:51 AM
    • #2
    • 4th Feb 13, 8:51 AM
    Factoring in exit fees no savings except SPARK saving £11 per annum, still has price rises to come and has a poor reputation .

    Waiting to hear from a Manchester lead collective saving scheme. Utilities put in auction bids at the end of January.
    Last edited by shammyjack; 04-02-2013 at 9:10 AM.
    • phillo365
    • By phillo365 4th Feb 13, 9:00 AM
    • 61 Posts
    • 69 Thanks
    phillo365
    • #3
    • 4th Feb 13, 9:00 AM
    • #3
    • 4th Feb 13, 9:00 AM
    Not sure if this is a good or bad no savings except £10 per year with SPARK who I have never heard of and are due a price increase. I can't help thinking this service is targetted at the wrong people ie existing moneysaving experts. I wonder if this is more to do with the sale of this site to Money Supermarket.
    • SnowMan
    • By SnowMan 4th Feb 13, 9:23 AM
    • 3,182 Posts
    • 5,923 Thanks
    SnowMan
    • #4
    • 4th Feb 13, 9:23 AM
    • #4
    • 4th Feb 13, 9:23 AM
    Seems a logical idea.

    Because moneysavingexpert is trusted, I expect a lot of people will sign up.

    I've signed up and it all works OK.

    I suspect the only problem is that many customers are on tariffs with fixed end dates with exit penalties for leaving early. Npower also has its £100 direct debit discount scam which means you need to switch away just after an anniversary and not before to avoid losing out.

    So it may be of limited use to know there is a cheaper tariff out there when realistically you can't switch because of the exit penalties until the end of the tariff. And so if you are well organised you will just go to a comparison site when your existing tariff ends. Not everyone is organised of course.

    For some of the EDF contracts which allow you to switch away early this could be really useful.

    And of course it is a ready database for collective switching. And so if you sign up you may get lucky with a good collective deal offer.

    So overall a good idea, and I’ll be suggesting to friends and family that they might want to sign up.
    Last edited by SnowMan; 04-02-2013 at 9:42 AM.
    I came, I saw, I melted
    • Bark01
    • By Bark01 4th Feb 13, 9:43 AM
    • 786 Posts
    • 250 Thanks
    Bark01
    • #5
    • 4th Feb 13, 9:43 AM
    • #5
    • 4th Feb 13, 9:43 AM
    The major problem with this service is that prices are only going to go up for the foreseeable future, so offering a service that tells you when something cheaper comes out doesn't really offer any real use.

    Still its not doing any harm.

    Does it offer the same cashback for switches as Moneysupermarket?
    • WestonDave
    • By WestonDave 4th Feb 13, 9:50 AM
    • 5,038 Posts
    • 8,521 Thanks
    WestonDave
    • #6
    • 4th Feb 13, 9:50 AM
    • #6
    • 4th Feb 13, 9:50 AM
    Interesting to see that neither of the issues I raised when this was tested have been addressed.

    What this really is, is a rebranded front end to Moneysupermarket.com (which will be where your personal data ends up) fronted with the MSE trusted status.

    There is absolutely no need to have to put in your address - the post code is sufficient, but of course that doesn't give them your house number for junk mail later. You can't progress without this.

    Also as previously stated (and interestingly Moneysupermarket doesn't have this flaw) it gets the Good Energy tariff wrong because it doesn't allow for the South West discount which applies within certain areas.

    Thankfully I've used junk personal data (albeit using a random actual address) so it won't be harvesting my data!
    Adventure before Dementia!
    • SnowMan
    • By SnowMan 4th Feb 13, 10:00 AM
    • 3,182 Posts
    • 5,923 Thanks
    SnowMan
    • #7
    • 4th Feb 13, 10:00 AM
    • #7
    • 4th Feb 13, 10:00 AM

    Thankfully I've used junk personal data (albeit using a random actual address) so it won't be harvesting my data!
    Originally posted by WestonDave
    In terms of privacy read the privacy policy (which includes a section about the energy club), didn't remotely concern me but suggest others read that also and come to their own view. In particular although Money Supermarket does provide the service of course it says

    Under no circumstances will we pass your details on to MSM [Money Supermarket] for marketing purposes.
    That is good enough for me.
    Last edited by SnowMan; 04-02-2013 at 10:05 AM.
    I came, I saw, I melted
    • WestonDave
    • By WestonDave 4th Feb 13, 10:03 AM
    • 5,038 Posts
    • 8,521 Thanks
    WestonDave
    • #8
    • 4th Feb 13, 10:03 AM
    • #8
    • 4th Feb 13, 10:03 AM
    Yes it does say that - just above the bit where it says

    "where we would like to share certain moneysaving information with you [(no more than [x] times a year]). "

    Doesn't exactly fill you with confidence that this is a document they take that seriously. As I said there is no need to harvest your actual postal address because your supply tariff is based on your postcode, not your individual house number.
    Adventure before Dementia!
    • WestonDave
    • By WestonDave 4th Feb 13, 10:04 AM
    • 5,038 Posts
    • 8,521 Thanks
    WestonDave
    • #9
    • 4th Feb 13, 10:04 AM
    • #9
    • 4th Feb 13, 10:04 AM
    Hope you're not, by some remote chance, using my address. Isn't this a little unneighbourly?
    Originally posted by Jennifer_Jane
    No its an address I know is empty and about to be demolished for redevelopment!
    Adventure before Dementia!
    • brewerdave
    • By brewerdave 4th Feb 13, 10:23 AM
    • 5,567 Posts
    • 2,477 Thanks
    brewerdave
    No its an address I know is empty and about to be demolished for redevelopment!
    Originally posted by WestonDave

    ...........if I have to use a house number I use the address of an unpleasant neighbour who allows his dog to roam free and defecate where it fancies!!!
  • Wywth
    ...........if I have to use a house number I use the address of an unpleasant neighbour who allows his dog to roam free and defecate where it fancies!!!
    Originally posted by brewerdave
    Unfortunately, you can only use addresses that appear on the postcode database (there is no option to put in your own address from scratch or modify an existing one)

    So if your address is not on the list, you are not coming in the club!

    I'm sure this was another shortfall identified in the pilot but not addressed.
    • GetRealBabe
    • By GetRealBabe 4th Feb 13, 11:00 AM
    • 2,194 Posts
    • 2,422 Thanks
    GetRealBabe
    Hi

    No savings for me. (Am on npower's Go Fix 11, dual fuel)
    Sealed Pot Challenge No 014-Finally got a signature.

  • Wywth
    Hi

    No savings for me. (Am on npower's Go Fix 11, dual fuel)
    Originally posted by GetRealBabe
    This isn't designed to be a one off comparison site - there's already plenty of those available.

    This is supposed to be an ongoing monitoring system that will advise you should a lower (as per your desired level) supplier/tariff ever become available.
    • GooliesOfFire
    • By GooliesOfFire 4th Feb 13, 11:23 AM
    • 379 Posts
    • 103 Thanks
    GooliesOfFire
    Looks like there is no cheaper tariff than the one I'm on now. Good to know
    • chanz4
    • By chanz4 4th Feb 13, 11:26 AM
    • 10,018 Posts
    • 2,981 Thanks
    chanz4
    With suppliers changing prices a lot I can see it giving out a lot of false change nows, as suppliers dont all update at the same time. Also whos the independant verifications done by if any.

    If the site can give £30, what kickback is it getting?
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Wywth
    ...If the site can give £30, what kickback is it getting?
    Originally posted by chanz4
    You can get a good idea of the commission some suppliers pay by looking at cashback sites such as topcashback that claims to offer 100% (or even 101%) cashback ... but is that even really all the money they receive. If so, how on earth do they survive?

    Anyway, what does it matter?

    £30 cashback is £30 more than if you go direct.
    • hazel9428
    • By hazel9428 4th Feb 13, 11:34 AM
    • 2 Posts
    • 3 Thanks
    hazel9428
    Doesn't work for me...

    Tells me I can save £1916 with nPower on my annual British Gas dual-fuel bill of £1800! - also doesn't have BG's Fix and Fall tarifs stored for selection...
    • Norfolk_Jim
    • By Norfolk_Jim 4th Feb 13, 11:41 AM
    • 1,209 Posts
    • 1,121 Thanks
    Norfolk_Jim
    Mmmmm, I think I see why moneysupermarket.com bought the site. No doubt this will be the first of many ways MSE users will be channelled into moneysupermarket.

    I guess it was to be expected - no idea if its a good or bad service but is what I thought would start to happen.
    • macman
    • By macman 4th Feb 13, 12:15 PM
    • 43,303 Posts
    • 18,482 Thanks
    macman
    £116 pa savings for me---with Spark! Oh dear!
    Back to the drawing board, MSE...
    No free lunch, and no free laptop
  • campingwithkids
    Just joined the energy club and it found me an annual saving of £47....did 3 price comparison sites yesterday (uswitch, compare the market and moneysuper market) and they thew out savings of £249!! With Co-op and Swalec and First Utilities as my best options. This new club that promised to find me the best deal only stumped up a 47 quid saving and had me staying with the extortionate British Gas! What's up with that!!
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