Ebico gas/elec rates coming down, but too late for my winter bill?

jamesbrownontheroad · 2 March 2009 at 6:07PM

As an Ebico EquiGas and EquiPower customer, I got this email today:

Price of EquiGas and EquiPower to fall

Following the reductions to the wholesale price of electricity and gas over the past few months, we're delighted to announce that, from the end of this month, the cost of both EquiGas and EquiPower will be reduced. EquiPower will be reduced by an average of 9% and EquiGas by 2.5%. This means that the average dual fuel customer will see bills reduced by 5.5%. The new EquiGas price is 3.675p/kWh (including VAT) and the new EquiPower prices can be found here.

However, our next quarterly bill date is, unfortunately in one week's time... and the email suggests the price cuts aren't effective until 31 March. Since my bill this month will cover our extremely costly winter heating season, is there any way I can benefit from this price cut?

Vestra · 2 March 2009 at 6:56PM

Not sure the best way to explain this but the price cut will be for any energy used from 31st March onwards. Your supplier will probably estimate what you have used up to 31st March at old rates, and 31st March onwards at new rates.

Magentasue · 2 March 2009 at 7:02PM

Exactly, it wouldn't matter when your bill was due, it's when the energy is used that's relevant.

KimYeovil · 2 March 2009 at 7:59PM

You benefit from the price cut by having more money free over spring and summer to put aside to save for winter.

Ebico gas/elec rates coming down, but too late for my winter bill?

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