We’re testing energy switching


#21

Looks like they have a special “Exclusive Octopus 12M Fixed February 2019 v3” tariff.

:droplet: Gas 3.213p kWh (plus 16.8p per day)
:zap: Electric 14.858p kWh (plus 20.15p per day)

Yearly saving negative £54 for me :face_with_raised_eyebrow:

Looks like uSwitch has an exclusive too called “uSwitch Octopus 12M Fixed”

:droplet: Gas 3.434p kWh (plus 16.8p per day)
:zap: Electric 15.047p kWh (plus 20.15p per day)

If I do a quote on Octopus directly I get: (edit which I think is Octopus 12M Fixed)

:droplet: Gas 3.465p kWh (plus 16.8p per day)
:zap: Electric 15.404p kWh (plus 20.15p per day)

I wonder if Monzo peeps get a different rate? :thinking:


#22

I wish Monzo well with this idea but as has already been mentioned in an earlier post, MSE’s Cheap Energy Club basically does all that for you if you’re signed up to it. I’ve been signed up to it for the last 3 years or so and it’s saved me a lot of time, effort and money.


(Ben Calton) #23

This a terrible idea, I thought Monzo was a bank.

I can see the benefit in switching energy suppliers, and have used them frequently in the past to my benefit. However, I have a heathy wariness of them as it’s very hard to see why they recommend one provider over another; many/most don’t make it clear whether they receive commission from the suggested suppliers. I can appreciate that for many getting the lowest price is important, but equally there are other less quantifiable factors at play, for example, the suppliers energy sources (green or not), the level of customer service, responsiveness to difficulty in paying, etc.

Linking with just one provider means that this is not a comparison service, it’s just my bank trying sell me energy so they get a £50 bung.

Someone suggested linking to smart meters and I think this could be really powerful. When you enter details into a comparison site it often asks for your last months bill and makes recommendations based on this. If Monzo were to get access to a full year of smart meter data prior to making a switch suggestion it could do so with a much better understanding of how a household uses energy. This would have to be across ALL suppliers making it clear where commission is being paid (and maybe split it 50/50 with the customer?)

I have not been part of the trial so I have not experienced this first hand.


(Marcus Nailor, Hot Coral Detective) #24

Monzo have expanded this feature slightly! :tada: It’s now even more useful as it allows you to enter your own usage :blush:

You can read more about the underlying code here: Monzo for Android - Teardowns & Deep Dives 👨‍💻

But here’s what it looks like in the flesh :sunglasses:

Default (2 bedrooms, electric only):

Vs “Add my energy usage” (3000 kWh):

Pretty cool stuff :slight_smile: (You can add gas & electricity kWh)


Monzo for Android - Beta Channel Changelog :male_detective:
(Marcus Nailor, Hot Coral Detective) #25

Ooo :eyes: And I was right about the new reminder asset :stuck_out_tongue_winking_eye:

I’ll see what happens tonight :smiley: (that’s when I asked it to remind me)


Monzo for Android - Beta Channel Changelog :male_detective:
#26

The ‘We’ve got your back’ is interesting. I wonder how that works. Will Monzo be kept up to date with your actual usage?


#27

Just tested this putting in my actual usage. At first I thought there was a bug but there wasn’t. Looks really good and works well.


(Marcus Nailor, Hot Coral Detective) #28

Thanks for the reminder :yum:

Just finished watching Captain marvel :star_struck::sunglasses::partying_face::stuck_out_tongue_winking_eye:


(Marcus Nailor, Hot Coral Detective) #29

Loving how much (and how quickly) Monzo are iterating on this plug in :blush: (no pun intended :yum:)

More changes this week to the Android side of things :eyes:

Month / Year breakdown of costs! :tada:

Plus gas & electric details have been split out into their own tabs :sunglasses:

It’s looking very tidy :grin:

Plus the “Forget shopping around” icon has been changed from a “Monzo £” to a “Monzo *” :stuck_out_tongue:


((╯°□°)╯︵ ┻━┻) #30

I guess these are not live yet? :eyes:


(Marcus Nailor, Hot Coral Detective) #31

The energy quotes are still rolling out AFAIK :grin: I cheated to get them to show up :stuck_out_tongue_winking_eye:


((╯°□°)╯︵ ┻━┻) #32

Ahhh ok, I switched to Octopus last time there was a roll out so I assume I’m not going to get these :cry: