On 15/12/2017 21:50, F wrote:
On 15/12/2017 20:31, newshound wrote:
Been dual fuel with Ovo (Which? best customer feedback) for a while,
decided to check the Which? switch site and found I can save over £300
pa on two separate fixed price contracts. Internet, no paper, direct
debit of course.

Relatively painless apart from the hassle of setting up two DDs rather
than one. Nice to have the easy option to view fixed price contracts
only.

Sign up at https://www.moneysavingexpert.com/cheapenergyclub and there's
even less pain: you get an email when there's a cheaper tariff.


Just make sure that the saving is real and factor in that you may have
to pay a penalty for leaving an existing fixed price contract.

The last time they sent me a notification the cheaper small energy
company was having problems with the regulator with respect to billing
and when factoring in the penalties associated with leaving an existing
contract early the potential saving was less than £10 per annum.

Although the cheapenergyclub is a lot better in providing information on
your current tarrif (if you have told them when your contract ends etc.)
they still can base the savings on the misleading industry standard
calculation.

Say, if your contract still has 3 months to run they will calculate the
12 months with your existing supplier as 3 months at the rate you are
currently paying plus 9 months at the supplier's higher standard rate.
They then compare this with a new 12 months contract from another
supplier. It doesn't take into account that someone sensible wouldn't
be caught paying a high standard rate for 9 months.

Note that even when moving between tariffs from the same supplier the
SAME misleading calculation is used to show the savings. Scottish Power
are very good at suggesting to their customers that their recently
introduced tariff could save £100s even though it is more expensive than
the tariff you currently are on.

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