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  • FIRST POST
    • MSE Eesha
    • By MSE Eesha 13th Nov 18, 4:55 PM
    • 114Posts
    • 29Thanks
    MSE Eesha
    Martin Lewis Warning: Energy price comparison savings are WRONG due to the price cap and how...
    • #1
    • 13th Nov 18, 4:55 PM
    Martin Lewis Warning: Energy price comparison savings are WRONG due to the price cap and how... 13th Nov 18 at 4:55 PM
    This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.





    Please click 'post reply' to discuss below.
Page 1
    • VT82
    • By VT82 14th Nov 18, 9:16 AM
    • 1,016 Posts
    • 865 Thanks
    VT82
    • #2
    • 14th Nov 18, 9:16 AM
    • #2
    • 14th Nov 18, 9:16 AM
    As long as it's only risking the 'your saving versus doing nothing' figure being wrong, not the 'expected amount you'll pay' figure being wrong, it doesn't feel like that big a deal to me?


    In terms of the issue around disincentivising people from switching by under-reporting possible savings - I think by the time people are on a comparison website, they are very unlikely to be people staying on an SVR (including the new cap).
    • Anthorn
    • By Anthorn 2nd Dec 18, 12:39 PM
    • 4,079 Posts
    • 1,112 Thanks
    Anthorn
    • #3
    • 2nd Dec 18, 12:39 PM
    • #3
    • 2nd Dec 18, 12:39 PM
    So ... er ... in a nutshell ... Martin wants energy firms to publish their prices inclusive of the cap because comparison sites are unable to do it. Personally, I think that's reasonable because energy firms must know it in order to charge for it.

    I don't agree with the previous post by VT82:
    I think by the time people are on a comparison website, they are very unlikely to be people staying on an SVR (including the new cap).
    Standard variable rates are part of comparisons at this time and if a SVR inclusive of the cap is cheaper than the latest super-duper, ultra-cheap tariff then people are likely to go with the SVR.

    I agree with Martin but I think his letters and therefore the article we are commenting on obfuscates an already obfuscated subject.
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