Renewed cashback?

[tomdublin]

Quick question: I switched to Flogas a little over a year ago to one of their plans giving me 220 Euro cashback. After one year they put me on their "regular" tariff. Yesterday I went on bonkers.ie and switched back to the Flogas 1 year plan with 220 renewed cashback. So my question is will they let me get away with that even though I have only switched plan rather than provider? There was nothing on bonkers.ie to suggest otherwise. Thanks for your help!

 

[Leo]

What did the terms & conditions say? Anything about cash back being restricted to new customers?

 

[tomdublin]

There was nothing obvious on bonkers but I didn't work my way through the fine print

 

[Leo]

Flogas' T&Cs state:

Cashback/welcome bonus offers are available to Flogas Residential customers entering into a 12-month contract on specified tariffs. Payment by Direct Debit is mandatory to avail of any Cashback/ welcome bonus offer.

Nothing there restricting it to new customers.

 

[tomdublin]

Thanks, that's what I thought. These 220 a year are easy money, I wonder why not everyone is doing this.

 

[Leo]

These 220 a year are easy money, I wonder why not everyone is doing this.

On average usage, Electric Ireland's EnergySaver 30% plan is still €33 cheaper in year 1, even after applying the cash back. The cash-back is a 2 year contract, so it will be €258 more expensive in year two.

Don't get caught with the gimmick of cash-back if it's not cheaper for you over the full contract term.

 

[tomdublin]

On Bonkers you can do the comparative calculation by facturing in the cashback. Flogas gives the same cashback and (almost) the same rates for both their 1 and 2 year plans (which makes the 2 year plan a bad deal for most average consumers compared to the 1 year plan).

 

[Leo]

On Bonkers you can do the comparative calculation by facturing in the cashback. Flogas gives the same cashback a

Yeah, on average use their 2 year plan works out more expensive by €291 over the two years. Their 1 year plan works out more expensive by €79 after the cashback.

 

[tomdublin]

That depends on how much gas you use. In general, the less you use the more lucrative are cashback offers as opposed to reduced prices.

 

[Leo]

That depends on how much gas you use. In general, the less you use the more lucrative are cashback offers as opposed to reduced prices.

True, I was just using the average consumption figures. Highlights the importance of understanding your usage before shopping around.