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Energy Suppliers (strictly no referrals)

Discussion in 'Home and Garden' started by craig_t, 12 Jan 2016.

  1. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 17,641

    Location: Higher Walton


    I think it was OVO that actually paid out 3% on credit balances which increased to 5% the longer you’re a customer.

    Annoyingly it seems Green have gone bust too. Just had an email moving me to Shell.
     
  2. Semple

    Sgarrista

    Joined: 5 Mar 2010

    Posts: 9,004

    Can confirm I've had emails from both too.

    I think my switch is a day ahead of @b0rn2sk8.
     
  3. Sasahara

    Mobster

    Joined: 12 Feb 2009

    Posts: 4,081

    Unless I'm missing something about the Price cap, that is well above it.

    The headline price cap figure is based on a typical user - which is 3,100 kWh of electricity and 12,000 kWh of gas in a year, according to Ofgem. From October 1st it is £1277.00 for a DD customer.

    Based on these figures a typical user would be paying £1439.04.
     
  4. Pigeon_Killer

    Caporegime

    Joined: 21 Nov 2005

    Posts: 36,158

    Location: Cornwall

    Shell aren't allowed to charge us more than the price cap are they?

    I didn't know that. Everything I had read up to now suggested they move everyone on to the same tariff and you either live with it or move to another supplier.
     
  5. Guest2

    Capodecina

    Joined: 6 May 2009

    Posts: 17,473

    Well, Green energy have folded so I have been assigned Shell energy by Ofgem
    Green, the rates were 15.4p p/kwh day and 9.1p p/kwh night
    Shell, the rates are 41p p/kwh!?!? :eek::mad:

    How do big companies manage to survive, by simply charging 4x more than other companies?
     
  6. marc2003

    Capodecina

    Joined: 6 Feb 2004

    Posts: 20,504

    Location: England

    I'm on a prepay meter so well used to paying over the odds but it's a bit concerning see monthly tariff prices in this thread higher than my current rates. I guess they can go up at any time with little to no warning?? This last year I was on something like 20p standing charge and 20p kw/h. I already know the standing charge is going to up 29p in October because of a letter I had in August before all this nonsense kicked off. The kw/h difference was negligible.

    No doubt it will go up by obscene amounts now?? :/
     
  7. BigBoy

    Soldato

    Joined: 19 Oct 2002

    Posts: 6,358

    Location: Bath

    Your supplier has to notify you of increases in product price and standing charge usually 3 months notice. Do you have a smart meter or are you still an old key meter user?
     
  8. marc2003

    Capodecina

    Joined: 6 Feb 2004

    Posts: 20,504

    Location: England

    Old school key meter. At least the advance warning thing is good news. Thanks for that.

    edit: my october price rise letter was dated 28th August - not even 5 weeks. :p
     
    Last edited: 27 Sep 2021
  9. BigBoy

    Soldato

    Joined: 19 Oct 2002

    Posts: 6,358

    Location: Bath

    so your meter gets updated every time you top up (basically the key gets reprogrammed every time you go to the shop), if you want to keep your electric as cheap as possible for as long as possible stick £150 on the meter before the price goes up. Your meter will maintain the current price until you top up after the notified date.
     
  10. marc2003

    Capodecina

    Joined: 6 Feb 2004

    Posts: 20,504

    Location: England

    Having just checked my letter again, I got it completely wrong. The standing charge is roughly the same (29.2p -> 29.4).

    My hourly rate going up from 18.2 to 20.2p which they reckon will cost an extra £30 a year. I'd be delighted if that would stick but it obviously won't. :D
     
  11. Zenduri

    Soldato

    Joined: 17 Mar 2009

    Posts: 5,413

    Location: Nottingham

    The software is just a customer servicing abd management tool, thr hedging is done based on a combined eac/aa from all customers and the bug 5 have to buy 14 months in advance based o this data.

    Kraken doesnt change that, it may effect the accuracy but it doesnt effect the process
     
  12. chrcoluk

    Sgarrista

    Joined: 27 Feb 2015

    Posts: 8,390

    Those shell prices are I think above the cap, not sure whats going on there. I have read about a levy thats going to be applied which all customers on any tariff will have to pay into, whether thats been accounted for or if its billed as a levy on bills I dont know.
     
  13. Guest2

    Capodecina

    Joined: 6 May 2009

    Posts: 17,473

    Green was the following
    Day - 15.4
    Night - 9.1
    Standing charge - 22

    Shell, even the cheapest tariff is more expensive

    Day - 22.5
    Night - 16.2
    Standing - 34.1

    Are these companies not regulated in any way? If seems I could setup my own company supplying electric and charge what the hell I like. Seems a bit like the wild west!
     
  14. woppy101

    Soldato

    Joined: 14 Oct 2007

    Posts: 5,480

    Location: newcastle

    Ofcorse it’s more expensive, that’s why these companies are going under because what your paying in the current climate is unsustainable, AFAIK your new company has to put you on their SVR or a special rate but they don’t have to give you the same rate you are paying now
     
  15. Guest2

    Capodecina

    Joined: 6 May 2009

    Posts: 17,473

    I expected it to be more expensive, but not possibly 3 or 4x more expensive. Yeh, of course they dont have to provide the same rate as its a different company.

    Where do people stand legally who were with one of the companies that went under if they were in a 12 month / 24 month or more contract for X rates. Surely these compaines are in breach of breaking contracts signed or does it all go down the toilet when they fold?
     
  16. jpaul

    Capodecina

    Joined: 1 Mar 2010

    Posts: 15,512

    I wondered if you only get the cap, if you are on the govt £150 is it warm deal ? for lower incomes.
    otherwise looks like the small companies may even be subsidising existing customers, with the transferees.
     
  17. Martynt74

    Capodecina

    Joined: 20 Feb 2004

    Posts: 17,641

    Location: Higher Walton

    I imagine it all goes down the toilet. Be a bit harsh for other companies to have to take a huge hit if someone offered a service too cheaply.

    It's annoying as i was torn between Green and Scottish Power and went with Green. I was smug the other day when a mate was having to pay these new prices because i was fixed until April so could ride out the winter cheaply :(
     
  18. GinG

    Sgarrista

    Joined: 22 Jul 2006

    Posts: 7,593

    Just moving away from prices for a short while...has anyone on Octopus downloaded the Octocomparison app?

    I've only been with Octopus since 16th and Go since 17th...just wondering if it is actually accurate on the prices?

    Only reason I ask is I've been making a huge effort with running things overnight...clearly it's saving quite a lot of money going by this as this is including charging the electric car.

    Considering I had a direct debit setup for £111 a month based on Avros estimates (excluding car) I could be making some decent savings.

    [​IMG]
     
  19. pastymuncher

    Man of Honour

    Joined: 12 Jul 2005

    Posts: 19,402

    Location: Aberlour, NE Scotland

    Just got a generic email from Sainsbury's Energy confirming that my switch will be happening on the 7th October. That's one less thing to flap about.
     
  20. 413x

    Capodecina

    Joined: 13 Jan 2010

    Posts: 23,480

    Location: Llaneirwg

    I'm still hoping to get some sort of confirmation on the shell energy tariff.

    Hoping to hear something before I can't cancel my switch anymore