Utility Warehouse Electricity Prices Review
The utility warehouse is a club based organisation that supplies all types of utilities to UK households including gas and electricity and other too. It works differently from other suppliers and here’s our review.
The Utility Warehouse owned by the Telecom Plus Group offers cheaper electricity prices than a British Gas standard tariff but in a way that is different from most other suppliers and some people even call this method a scam although it isn’t but new customers must be fully aware of what’s involved in the process before going head long into it.
How does it work ?
The system that they use encourages people to sign up other friends and family onto their scheme and the more people you sign up the more cash back you receive. They actually currently have more than 350,000 customers in the UK but their rates can be more than 20% higher for energy utilities than the lowest quoted prices.
If you want to sell these services to your friends or family, or even start up a small business, then there is a joining fee of nearly £199.75 however, if you manage to encourage 12 friends or family to join as well within 90 days this is refunded. You also get various cash back offers ranging from £10 to £40 depending on what other services you sign up for such as broadband and you also receive various other incentives. To simply get these services as a customer there is no joining fee.
More expensive than the cheapest option
But the big warning is that most of the tariffs you receive are more expensive than if you shopped around and simply used price comparison websites. Indeed, once recent quotation of £1,100 with the Utility Warehouse would be over £200 better off by switching to the cheapest supplier.
If you manage to persuade 50 friends to take all four of their main utilities then your bills are free but that is a big ask and that’s the method of their promotion — the main method of promoting this organisation is through a distribution network and you may have seen the little cards that simply read “full time, part time, it’s the right time” which sound like the get rich quick type of “working from home” cards you often see.
Utility Warehouse online reviews
After looking at some of the reviews for this company online they vary from one extreme to another. Either “customers” hate them or love them there seem no middle ground and you could be forgiven in thinking that those 10 out of 10 reviews made by “anonymous in London” might not actually be a real customer. So it’s best to do your own homework and listen to someone who actually is receiving a service from this company rather than looking at online reviews.
Utility warehouse prices and tariffs.
For the big utility costs such as gas and electricity there are actual prices on their website but all they do is to guarantee to beat the standard tariffs of the Big 6 suppliers or just British Gas. This all sounds great in theory but the standard tariffs are always the most expensive and will never come top of the best buy tables. Most people can save money on a standard tariff simply by paying by direct debit and sometimes by taking a dual fuel tariff.
Although there are what seem to be big guarantees that utility warehouse will beat gas prices from British Gas and electricity prices from your local electricity supplier, these are for standard tariffs only. Customers can always beat these prices by choosing a non standard tariff from their current supplier. You can check these by getting an online energy quote.