Gas & Electric Bills...

Money, investing, mutuals etc

Re: Gas & Electric Bills...

Postby expressman33 » Thu Jul 19, 2018 5:21 pm

Boro Boy wrote:I realised that British Gas put up their prices recently but it wasn't until I got my bill earlier today that I realised by how much.

It is not so much the unit prices that have changed but the daily charge has risen by something like 50%!!!!


Gas:
Unit price was: 3.890p now 3.960p
Standing charge was: 24.770p now 35.660p


Electric:
Unit price was: 14.760p now 14.420p (rate has actually fallen - slightly!!)
Standing charge was: 24.770p now 36.070p


:cry:

I assume you are on the Standard Tariff , I'm sure that even if you want to stick with British Gas, they have better fixed rate deals

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Re: Gas & Electric Bills...

Postby expressman33 » Thu Jul 19, 2018 5:48 pm

Boro Boy wrote:Does anyone know of a decent supplier who still doesn't have a daily charge on top of the fuel charges..? :think:


https://www.simplyswitch.com/energy/gui ... e-tariffs/

https://www.moneysavingexpert.com/utili ... ng-charge/
There are currently two tariffs that have zero standing charges, including Ebico Zero and Solarplicity Fair Market Price 2018, available for credit meter customers on dual-fuel, gas-only and electricity-only.

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Re: Gas & Electric Bills...

Postby Boro Boy » Sat Jul 21, 2018 11:39 pm

Switching or not: how does a national utility company get away with increasing its daily charges by 50%+ ???
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Re: Gas & Electric Bills...

Postby pabenny » Sun Jul 22, 2018 8:16 am

I would imagine the extra charge for not paying by direct debit was there somewhere but billed differently. If that is the case, it's only the presentation that has changed and most people will pay the same amount.

You've said that you had bad experience with direct debits in the past. That's regrettable. But refusing to pay utilities by DD costs you much more and excludes you from many of the most competitive tariffs.

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Re: Gas & Electric Bills...

Postby kevinchess1 » Sun Jul 22, 2018 3:35 pm

Boro Boy wrote:Switching or not: how does a national utility company get away with increasing its daily charges by 50%+ ???



Brexit?
Politically incorrect since 69
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Re: Gas & Electric Bills...

Postby Boro Boy » Sun Jul 22, 2018 4:52 pm

kevinchess1 wrote:
Boro Boy wrote:Switching or not: how does a national utility company get away with increasing its daily charges by 50%+ ???



Brexit?


...not in this case I believe... More a case of a lazy regulator...!?!
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Re: Gas & Electric Bills...

Postby pabenny » Sun Jul 22, 2018 6:19 pm

There are not been controls on the pricing of gas and electricity for some years.

In this particular case, you were presumably given adequate notice* of the price change and the existing tariff does not in any way inhibit switching (for example, by exit charges). As I said before, it may be the presentation of the non-DD charge that has changed rather than the underlying cost.

On this basis, there is no reason for Ofgem to challenge or obstruct the increase.

(* according to BG press releases page, it was announced on 10 April, effective from end May. I don't know how it was publicised to individual customers)

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Re: Gas & Electric Bills...

Postby Chadwick » Tue Jul 24, 2018 8:17 am

Boro Boy wrote:Switching or not: how does a national utility company get away with increasing its daily charges by 50%+ ???

You're still paying it. That's how.

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Re: Gas & Electric Bills...

Postby Boro Boy » Tue Jul 31, 2018 2:14 pm

Looks like their excessive price rise has caused an exodus...? https://www.telegraph.co.uk/business/20 ... ts-tumble/
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Re: Gas & Electric Bills...

Postby Chadwick » Tue Jul 31, 2018 2:26 pm

Boro Boy wrote:Looks like their excessive price rise has caused an exodus...? https://www.telegraph.co.uk/business/20 ... ts-tumble/

Who did you switch to in the end, if you don't mind me asking?

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