On Sun, 8 Sep 2019 15:04:31 +0100, Andy Burns wrote:
Lecky only Utilty Point inc VAT:
12.0265p/kWHr 11.02395p/day fixed but ends in 20 days ish...
Might be worth the OP looking at Bulb and using my "refer a friend"
As both they and I get £50 credited to our repective accounts.
(That's a lowercase L). £50 is enough make the effective p/kWhr some
what lower than that quoted on the tariff.
That is why you can only make a price comparison with someone else if
your annual energy usage is near identical. Some tariffs (including
standing charges) may suit low energy users rather than high energy
users, and visa-versa. Some of the often recommended companies claiming
low costs and simple charging regimes (easy to understand bills) tend to
suit low energy users rather than those who have mid to high energy usage.
I use Flipper, and they have me with People's Energy.
As a matter of interest which algorithm do they use to select a new
supplier and when do they flip?
IMO the industry generally uses a misleading method of calculation to
determine savings, especially if you are already on a low tariff fixed
price contract. If you have six months left on the contract your
existing annual cost will be determined as 6 months at the low fixed
rate plus 6 months at the higher price "standard rate" from the same
company. This inflated cost will then be compared with, say, a new 12
month fixed price contract from a different company.
Do flipper use the same cost algorithm? If so do they flip perhaps 6
months into an existing contract (and probably get paid commission for
doing so) or do they wait a lot longer. Scottish Power used to claim
that changing during the contract period to another of their HIGHER
priced tariffs offered a cheaper option to the contract you were on -
BUT only because of the industry standard method of calculating the
current annual cost.
Do you actually check each time they flip that the new tariff gives you
lower or equal price energy for remaining length of your previous
The tariffs are region based (on the old electricity boards). So you can
compare with someone in the same region. (My Symbio quote was Eastern, BTW)
A lot of tariffs are M pence per unit plus C pence standing charge. This is
a straight line: y = Mx + C
where C is the y-intercept (the price you'd pay if consuming nothing).
You can plot these lines on a graph and compare them. This will tell you
how sensitive you are to consumption - which tariffs are cheapest for which
usage, and how much your usage can vary before you fall onto a less-good
tariff. You might find, though, that the amount of difference between the
top tariff and another 'good' one is fairly marginal.
I dunno. They say they check every month or so I'm on the best deal. What
attracted me is they charge up front for the service. Not concealed in the
form of commission. Nor do they take commission. Meaning (to me) my
interests are the primary one.
I've been with them for a few years - not long after they started. Only
once been flipped at less than a year - think because there was a problem
with that supplier.
No. If I thought myself capable of checking every single deal, I'd not pay
someone to do it for me.
Small asylum seeker wanted as mud flap, must be flexible and willing to travel
Dave Plowman email@example.com London SW
And/or the comparision site can initiate the switch for you. Which
may or may not mean the comparison site gets a kickback.
When I was looking to switch the in law the other month gas only
suppliers seemed a bit thin on the ground. Also with dual fuel
tariffs I looked at the electricity price from a agiven supplier for
electricity only or dual fuel was the same.
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