Co-operative Energy (around £250-£300 saving per household) Fair and Square dual-fuel tariff plus £30 cashback through Cheap Energy Club
393°Expired

Co-operative Energy (around £250-£300 saving per household) Fair and Square dual-fuel tariff plus £30 cashback through Cheap Energy Club

137
Found 10th Jan 2015Made hot 11th Jan 2015
World oil price has plummeted 55% since June
Wholesale costs to energy suppliers have been slashed
New independent suppliers still provide cheapest tariffs as Big Six refuse to cut prices

Read more: thisismoney.co.uk/mon…tml

CrawleyRedjust
remember to go through Cheap Energy Club and you get £30 cash back as well!

137 Comments

Original Poster

I compare my current tarrif from ScottishPower - Dual Fuel Online Fixed Price Energy October 2015. Compare websites shows 200 pounds saving with my current usage. This is free money for everyone. Especially now- during a winter time when usage is highest.

Edited by: "madscientis" 10th Jan 2015

Approx £118 saving for me against First Utility - hot from me!

extra energy tariffs seem to be just as cheap . not knocking this but a quick search on uswitch or similar will bring this up and a few other as best options

remember to go through Cheap Energy Club and you get £30 cash back as well!

thanks

Just switched to coop tonight after seeing Martin lewis recommendation last night on telly, saved £257.00

Compare tool doesn't work on iPad. Gets through to the Gas section and the first selection buttons don't show so can't continue. These issues will stop a lot of potential sales. Useless.

I was with co-op energy but got fed up with having to chase them every time for them to send me a bill. Each time I would phone them up only to be told they had already sent a bill but would pop another in the post. In the end I got fed up of remembering when the bill should be due so I could ring them up and tell them I had not received it yet again. In the end I gave up and switched to another provider. Other than that I did not have any issues with them.

Not cheaper than my current tariff with EDF

200 saving apparently yet their unit rates are 10% more than i pay now so check carefully before switching

Original Poster

chocci

200 saving apparently yet their unit rates are 10% more than i pay now so … 200 saving apparently yet their unit rates are 10% more than i pay now so check carefully before switching

What tarrif are you using ? Probably post code ? Generally they are cheapest now. Like i mention above i choose cheapest October tariff. 3 months from then and i can save 200 pounds now. Really good offer for me especially that everybody has to pay bills.


Edited by: "madscientis" 10th Jan 2015

Remember they only allow 10,000 people on their books

chocci

200 saving apparently yet their unit rates are 10% more than i pay now so … 200 saving apparently yet their unit rates are 10% more than i pay now so check carefully before switching


Yeah, but is the standing charge less which probably gives the saving. Depends on your usage.

Comment

Wont even let me compare prices on the site?
Edited by: "themachman" 10th Jan 2015

Thanks, been meaning to change my supplier for a couple of months now. Check and it says I can save £280, so thanks again.

Just a BIG warning.

If you are on a fixed contract, all comparison sites assume you would continue on the supplier's STANDARD prices when the contract ends and, therefore, show alternatives to be mega savings.

As we all know, 'Standard' tariffs are usually the most expensive rates. And it is almost certain (if you are savvy enough to be on a fixed deal anyway!) that you would move to another online fixed tariff.

Says I 'could' save £115 a year even though my monthly payment goes up.
COLD from me I'm afraid.

Original Poster

LesD

Just a BIG warning.If you are on a fixed contract, all comparison sites … Just a BIG warning.If you are on a fixed contract, all comparison sites assume you would continue on the supplier's STANDARD prices when the contract ends and, therefore, show alternatives to be mega savings.As we all know, 'Standard' tariffs are usually the most expensive rates. And it is almost certain (if you are savvy enough to be on a fixed deal anyway!) that you would move to another online fixed tariff.


During compare you have to choose your current tarrif. Only then pricing is accurate.

Original Poster

LesD

Just a BIG warning.If you are on a fixed contract, all comparison sites … Just a BIG warning.If you are on a fixed contract, all comparison sites assume you would continue on the supplier's STANDARD prices when the contract ends and, therefore, show alternatives to be mega savings.As we all know, 'Standard' tariffs are usually the most expensive rates. And it is almost certain (if you are savvy enough to be on a fixed deal anyway!) that you would move to another online fixed tariff.


During compare you have to choose your current tarrif. Only then pricing is accurate.
chimp14uk

Says I 'could' save £115 a year even though my monthly payment goes … Says I 'could' save £115 a year even though my monthly payment goes up.COLD from me I'm afraid.

"Probably "could" mean "around" as it is based on last year usage. Winter/summer is different every year. I think you can speak about your monthly payments with any supplier.

npower is cheaper than co-operative

vjpower

npower is cheaper than co-operative



Yep, npower is cheapest for me too. In fact, co-op doesn't even show up within the top 10. Always go through a price comparison website to check for the cheapest tariff.

does the co op only show up on the Martin Lewis comparison site?

vjpower

npower is cheaper than co-operative


But then a bucket of horse **** is also cheaper than a glass of wine.

Be careful when using the comparison it assumes you will go on the standard tariff after your existing fixed rate ends and calculates a full year using both rates. Always compare actual unit rates and standing charge.

Just noticed someone else said the same thing sorry

The savings were small for me - about £50 over the year. What is off-putting is the lock in or pay fee thing. I really like energy suppliers that let you switch penalty-free whenever you want. I'll pass on this but hot for those who switch.

vjpower

npower is cheaper than co-operative



Lol. Npower. My experience was bad.

Original Poster

Energy, car insurance, Tv + internet pack, mobile...every year the same story but savings are huge. Probably tsc or quidco from time to time. They should make a life easier and compare everything on one website.

Edited by: "madscientis" 10th Jan 2015

N.power are the worse company I have been with. Started paying dd of £117 short while letter this rose to £185!! When I objected to this they brought it down to £158 Short while later this increase to £173 as I was over £300 in credit told N.power to take this back down to £158 and refund the extra £15 they had taken they did this and I am still close to £300 in credit and have calculated that I should not have been paying more than £139 per month. When I leave N.power shortly I expect to receive a good cash amount back.

DrJogalog

Yeah, but is the standing charge less which probably gives the saving. … Yeah, but is the standing charge less which probably gives the saving. Depends on your usage.

i took standing charge into account and know my tariffs. Co op didn't use the correct one for their comparison hence me starring to check carefully before switching

Talking of npower, there is just the one advantage of using them - the compensation you can extract from them on a regular basis for screwing up will amount to a pretty substantial discount on your energy bills. Only just about worth all the hassle, though.

Switched last month to the NPower 2017 fixed tariff with no exit fees, just done a comparison and the Co Op is £10 a year cheaper but has a £60 exit fee. The cheapest tariff for me is the NPower 2016 fixed tariff which would save £32 a year.

Just something to think about when you see the stories in the news about energy prices being reduced due to the fall in oil prices, less than 1% of UK electricity is produced from burning oil so the saving passed on to us would be less than 0.5%.

Need to look into this.
What's the best comparison website to use?

Cheers for heads up, will look into this

£21/yr dearer than what I currently pay, no thanks

LesD

Just a BIG warning.If you are on a fixed contract, all comparison sites … Just a BIG warning.If you are on a fixed contract, all comparison sites assume you would continue on the supplier's STANDARD prices when the contract ends and, therefore, show alternatives to be mega savings.As we all know, 'Standard' tariffs are usually the most expensive rates. And it is almost certain (if you are savvy enough to be on a fixed deal anyway!) that you would move to another online fixed tariff.

LesD

Just a BIG warning.If you are on a fixed contract, all comparison sites … Just a BIG warning.If you are on a fixed contract, all comparison sites assume you would continue on the supplier's STANDARD prices when the contract ends and, therefore, show alternatives to be mega savings.As we all know, 'Standard' tariffs are usually the most expensive rates. And it is almost certain (if you are savvy enough to be on a fixed deal anyway!) that you would move to another online fixed tariff.

chimp14uk

Says I 'could' save £115 a year even though my monthly payment goes … Says I 'could' save £115 a year even though my monthly payment goes up.COLD from me I'm afraid.



As mentioned the government makes the comparison websites think that you are going to continue on the standard tarrif. My fix ends in April or may and every comparison sites says I will save £000 unfortunately when I have done the calculations myself ALL have worked out more expensive than my current tarrif. So if your fixed rates ends within the next 12 months check the details yourself. I wrote to Martin Lewis about this and he said it was a government standard they all had to use, but he was campaigning to change it.

If you compare your prices make sure you select No to the question 'only show me tariffs I can switch to today'. This then includes tariffs from your current supplier, as often just changing product to the latest one from your current supplier gets you the same savings. If you have an exit fee your existing supplier will not charge you if you switch products with them

sherbolton

Be careful when using the comparison it assumes you will go on the … Be careful when using the comparison it assumes you will go on the standard tariff after your existing fixed rate ends and calculates a full year using both rates. Always compare actual unit rates and standing charge.



Good advise. Co-op's website (and other price comparison websites) suggest savings of up to £111 for me, when actually cost is £48 more expensive per year! Very misleading.

My deal is currently fixed until April 2015. With oil prices coming down recently I suspect it isn't worth switching and locking into a new fixed deal just yet.

Sorry but I don't consider this a deal. "Savings" if any vary depending on the current tariff/supplier you are with.
my current supplier (Scottish power are cheaper) onlineJan2016 tariff

"New independent suppliers still provide cheapest tariffs as Big Six refuse to cut prices" this statement is misleading and I would recommend that people use a energy comparison site (such as Matrtin Lewis' Cheapenergyclub) to find the cheapest supplier. no single supplier is going to be cheapest for all as there are many factors which apply.
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