I was going to submit a thread about PrePayPower.ie (PPP) and their door-step selling tactics, prompted by a door-to-door salesman yesterday but a letter from Electric Ireland (EI) today broadened the scope before I started typing.
The young man who called yesterday had a great head for numbers and was able to tell me that at €0.1703 inc. VAT their unit price for electricity was the cheapest. I currently pay El €0.1717 inc. VAT. Thus for the electricity part of my bill, PPP is 0.082% less expensive.
He offered me €50 credit to switch, which I thought odd if they're genuinely cheaper so I declined his offer. Later I phoned PPP and asked about a few things including their Standing Charge. PPP charge €0.4349 inc. VAT per day whereas EI charge €0.3988 inc. VAT. Thus for this part of my bill PPP, 9.05% more expensive than EI.
Overall using my Nov 2016 to Jan 2017 bill as a test case, PPP would have been €0.97 more than what I paid EI. Note I have used VAT inc. pricing for the PPP "bill" as that's what they quoted me, so the "VAT @ 13.5%" line on their "bill" is zero.
Cue Tom, my postman's arrival on the scene this afternoon, hotfoot from EI HQ. They've applied a 4% saving to my electricity unit price, forever and a day, according to their missive, if I stick with what the PPP salesman described at the door as "an English company".
I attach (I hope) a spreadsheet comparing the three costs showing that the "English company" will save me money in the long-term, even with the €50 upfront credit. Using my model, at their new rates from 24/7/2017, EI is now 3.8% (€7.60 for two months) cheaper on the total bill than PPP.
Beware of geeks bearing gifts.
BTW, has anyone else received the notification of a 4% (or more) reduction in electricity cost from EI?
https://www.dropbox.com/s/ejdjdrf2rqmrivz/EI vs PPP.xls?dl=0
The young man who called yesterday had a great head for numbers and was able to tell me that at €0.1703 inc. VAT their unit price for electricity was the cheapest. I currently pay El €0.1717 inc. VAT. Thus for the electricity part of my bill, PPP is 0.082% less expensive.
He offered me €50 credit to switch, which I thought odd if they're genuinely cheaper so I declined his offer. Later I phoned PPP and asked about a few things including their Standing Charge. PPP charge €0.4349 inc. VAT per day whereas EI charge €0.3988 inc. VAT. Thus for this part of my bill PPP, 9.05% more expensive than EI.
Overall using my Nov 2016 to Jan 2017 bill as a test case, PPP would have been €0.97 more than what I paid EI. Note I have used VAT inc. pricing for the PPP "bill" as that's what they quoted me, so the "VAT @ 13.5%" line on their "bill" is zero.
Cue Tom, my postman's arrival on the scene this afternoon, hotfoot from EI HQ. They've applied a 4% saving to my electricity unit price, forever and a day, according to their missive, if I stick with what the PPP salesman described at the door as "an English company".
I attach (I hope) a spreadsheet comparing the three costs showing that the "English company" will save me money in the long-term, even with the €50 upfront credit. Using my model, at their new rates from 24/7/2017, EI is now 3.8% (€7.60 for two months) cheaper on the total bill than PPP.
Beware of geeks bearing gifts.
BTW, has anyone else received the notification of a 4% (or more) reduction in electricity cost from EI?
https://www.dropbox.com/s/ejdjdrf2rqmrivz/EI vs PPP.xls?dl=0
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