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Utility companies - price rises
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Old 10-04-2018, 11:56   #181
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Re: [MERGED] Utility companies - price rises

British Gas is to increase gas and electricity prices by 5.5%.

Quote:
The increase will take effect from 29 May and means British Gas is the first of the major suppliers to raise prices this spring.
Quote:
It last increased its prices in September, when domestic electricity prices were raised by 12.5%. British Gas blamed government policy for part of that rise, a suggestion that was rejected by ministers.
http://www.bbc.co.uk/news/business-43711556
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Old 08-08-2018, 14:09   #182
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Re: [MERGED] Utility companies - price rises

Nothing like putting your prices up twice in 4 months..

Quote:
British Gas is to increase prices for 3.5 million customers, its parent company Centrica has announced.
https://www.bbc.co.uk/news/business-45111743
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Old 08-08-2018, 15:27   #183
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Re: [MERGED] Utility companies - price rises

Why don't people get a fixed-rate deal?
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Old 08-08-2018, 21:08   #184
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Re: [MERGED] Utility companies - price rises

Wholesale prices rise because producers know that resellers like BG will just pass on the costs to customers. No real competition in the utilities market at all.
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Old 08-08-2018, 21:43   #185
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Re: [MERGED] Utility companies - price rises

Working well for the consumer- privatisation. Then there's the railways.... Health next no doubt.
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Old 09-08-2018, 01:06   #186
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Re: [MERGED] Utility companies - price rises

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Why don't people get a fixed-rate deal?
Plenty of old people just stay on the standard deals and don't shop around as it's outside their skills and comfort zone.
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Old 09-08-2018, 06:34   #187
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Re: [MERGED] Utility companies - price rises

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Plenty of old people just stay on the standard deals and don't shop around as it's outside their skills and comfort zone.
Sorry Andrew but that's rather over generalising as my parents are of the older vintage and they certainly know how to get the best deals as l am sure many others do.
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Old 09-08-2018, 08:28   #188
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Re: [MERGED] Utility companies - price rises

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Sorry Andrew but that's rather over generalising as my parents are of the older vintage and they certainly know how to get the best deals as l am sure many others do.
Yes I know how to get s good deal. Was with GB Energy - went bust, then switched to Iresa - going bust !
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Old 09-08-2018, 09:52   #189
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Re: [MERGED] Utility companies - price rises

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Sorry Andrew but that's rather over generalising as my parents are of the older vintage and they certainly know how to get the best deals as l am sure many others do.
I said plenty Den, not all. That's why the government is regulating standard tariffs. Price comparison is not so easy for those who are not internet savvy and many are cautious of switching to companies they've never heard of.
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Old 09-08-2018, 09:58   #190
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Re: [MERGED] Utility companies - price rises

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Originally Posted by 1andrew1 View Post
I said plenty Den, not all. That's why the government is regulating standard tariffs. Price comparison is not so easy for those who are not internet savvy and many are cautious of switching to companies they've never heard of.
To be perfectly honest one does not have much faith in regulation Andrew as here is a example of despite a cap being in place prices rises still happen.

https://www.theguardian.com/money/20...n-energy-costs
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Old 09-08-2018, 10:25   #191
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Re: [MERGED] Utility companies - price rises

Unfortunately price rises are inevitable so long as the market is as clear as mud.

If you wanted real competition force them to have only one tariff irrespective of the way the customer uses their product. No special deals or introductory offers that then rocket after the first year.

The you could see at a glance who was the cheapest supplier.
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Old 09-08-2018, 12:09   #192
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Re: [MERGED] Utility companies - price rises

Quote:
Originally Posted by 1andrew1 View Post
Plenty of old people just stay on the standard deals and don't shop around as it's outside their skills and comfort zone.
Well, since 3.5 million British Gas customers are on Standard Variable Tariff, and 2.4 million are on fixed rate tariffs, that may not an optimum interpretation of actuality, as the UK demographics are not 57% pensioners and 43% non-pensioners (yet...).

I worked for a Utility supplier for a year, and the main reason given for not taking a fixed rate deal (and the suppliers ring out. a lot, to customers on SVTs trying to get them to change to fixed rate, as they are under pressure from Government on this) is that customers did not want to set up a Direct Debit - this was given as the main reason for over 65% of customers contacted.
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Old 10-08-2018, 21:39   #193
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Re: [MERGED] Utility companies - price rises

Question is why so many ruddy tariff's - it is the same gas and lecy that every body uses. I say re-own the utility companies to make two one for lecy and one for the gas.
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Old 11-08-2018, 11:05   #194
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Re: [MERGED] Utility companies - price rises

Nationalisation is not the answer that some think. You only have to look at the economic disaster that is Venezuela to see where that leads.
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Old 11-08-2018, 11:08   #195
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Re: [MERGED] Utility companies - price rises

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Nationalisation is not the answer that some think. You only have to look at the economic disaster that is Venezuela to see where that leads.
If that is not the answer then what is the answer? as thus so far what we have currently is a cartel which fails the customer dismally and makes huge profits for the owners..
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