My current 1-year fixed-price contract with my electricity supplier (E.ON) comes to an end in about five weeks, and the best tariff they are offering me thereafter would represent an increase of about 27% over what I am currently paying. I have therefore, for the first time in my life, been moved to look at 'comparison websites'.
All the comparison sites I've looked at are offering much the same deals, many much more attractive (i.e. cheaper) than what E.ON has to offer.
At best, I am being offered deals which would actually cost 2%-4% less than I am currently paying (as compared with ~27% more with E.ON), at least some of them being 1-year fixed-price deals.
Looking to the longer-term, one of the most seemingly attractive I've found is a 3-year fixed-price deal (from "Together Energy") which would, for those three years, cost me only about 9% more than I am currently paying (and about 14% less that I would pay for the first 1-2 years if I stayed with E.ON).
The arithmetic is clear enough but, as one would expect, nearly all of the 'attractive' (cheap) deals on offer are from (presumably 'small and young') suppliers that I have never heard of.
The arithmetic is clear enough, but I wonder how I should feel about "(presumably 'small and young') suppliers that I have never heard of". What are people's experiences? Is the 'service' (whatever that may be) provided by such suppliers satisfactory (and/or appreciably different from what one gets from 'the big 6')? What happens if a small supplier goes bust? What else should I be thinking about?
I have, by the way, attempted to 'negotiate' with E.ON, but I cannot find anyone capable of doing any more than read from the 'menus' that I can effectively see for myself!
Many thanks for any thoughts!
Kind Regards, John
All the comparison sites I've looked at are offering much the same deals, many much more attractive (i.e. cheaper) than what E.ON has to offer.
At best, I am being offered deals which would actually cost 2%-4% less than I am currently paying (as compared with ~27% more with E.ON), at least some of them being 1-year fixed-price deals.
Looking to the longer-term, one of the most seemingly attractive I've found is a 3-year fixed-price deal (from "Together Energy") which would, for those three years, cost me only about 9% more than I am currently paying (and about 14% less that I would pay for the first 1-2 years if I stayed with E.ON).
The arithmetic is clear enough but, as one would expect, nearly all of the 'attractive' (cheap) deals on offer are from (presumably 'small and young') suppliers that I have never heard of.
The arithmetic is clear enough, but I wonder how I should feel about "(presumably 'small and young') suppliers that I have never heard of". What are people's experiences? Is the 'service' (whatever that may be) provided by such suppliers satisfactory (and/or appreciably different from what one gets from 'the big 6')? What happens if a small supplier goes bust? What else should I be thinking about?
I have, by the way, attempted to 'negotiate' with E.ON, but I cannot find anyone capable of doing any more than read from the 'menus' that I can effectively see for myself!
Many thanks for any thoughts!
Kind Regards, John