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  • FIRST POST
    • MSE Callum
    • By MSE Callum 14th Oct 16, 1:33 PM
    • 166Posts
    • 23Thanks
    MSE Callum
    MSE News: GB Energy Supply cranks up tariffs by 30% - but you can beat the hike
    • #1
    • 14th Oct 16, 1:33 PM
    MSE News: GB Energy Supply cranks up tariffs by 30% - but you can beat the hike 14th Oct 16 at 1:33 PM
    Thousands of GB Energy Supply customers have been slapped with eye-watering price hikes...
    Read the full story:
    'GB Energy Supply cranks up tariffs by 30% - but you can beat the hike'

    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Page 1
    • matelodave
    • By matelodave 14th Oct 16, 4:00 PM
    • 2,591 Posts
    • 1,406 Thanks
    matelodave
    • #2
    • 14th Oct 16, 4:00 PM
    • #2
    • 14th Oct 16, 4:00 PM
    They can only "crank up" or "hike" the tariff if you are on a variable one. Fixed is what it says - fixed until the end of the contract period.

    Anyone can go somewhere else without paying an exit fee so why the emotive headlines.
    Love makes the world go round - beer make it go round even faster
    • crossroad
    • By crossroad 14th Oct 16, 4:09 PM
    • 2 Posts
    • 0 Thanks
    crossroad
    • #3
    • 14th Oct 16, 4:09 PM
    • #3
    • 14th Oct 16, 4:09 PM
    Hi, Not sure if this is the right forum for this. Will this price hike impact on my recent switch to GB this October which by the way is still ongoing? GB has given me 4 completion dates to move my dual fuel from Eon since the 15 of September. Not sure what going on now!
    • SamNRG
    • By SamNRG 14th Oct 16, 4:21 PM
    • 18 Posts
    • 5 Thanks
    SamNRG
    • #4
    • 14th Oct 16, 4:21 PM
    • #4
    • 14th Oct 16, 4:21 PM
    No doubt this is the plan for all the small suppliers. GB Energy probably have a few 100,000 customers all on variable rate tariffs. They have been the cheapest for some time probably making huge losses, so now they are going to cash in on these people and hike their prices in the hope that people are too lazy to switch away.

    All energy suppliers are the same, if the can get away with charging everyone standard rates they will do it. In my opinion, the only way to not get ripped off is to switch every year to the cheapest supplier with good customer service.
    • Smodlet
    • By Smodlet 14th Oct 16, 4:37 PM
    • 1,820 Posts
    • 3,024 Thanks
    Smodlet
    • #5
    • 14th Oct 16, 4:37 PM
    • #5
    • 14th Oct 16, 4:37 PM
    GB have never been the cheapest for me. What does it matter, anyway? There are plenty of other suppliers out there. No energy company is your friend; they just want your money, not your love and, if they wanted your loyalty, they are going the wrong way about it.

    I will never understand why some Eon customers come across as if the love of their life has just betrayed them when they find they are unable to access their new, best tariffs, these being reserved for new customers only. Who cares? Just switch, fgs!
    What is this life, if, sweet wordsmith, we have no time to take the pith?

    Every stew starts with the first onion.

    I took it upon myself to investigate a trifle; it had custard, jelly, soggy sponge things...
    • Moby_Tide
    • By Moby_Tide 15th Oct 16, 12:22 AM
    • 126 Posts
    • 81 Thanks
    Moby_Tide
    • #6
    • 15th Oct 16, 12:22 AM
    • #6
    • 15th Oct 16, 12:22 AM
    Paying for their new offices maybe
    • Mr K
    • By Mr K 16th Oct 16, 7:02 PM
    • 1,064 Posts
    • 634 Thanks
    Mr K
    • #7
    • 16th Oct 16, 7:02 PM
    • #7
    • 16th Oct 16, 7:02 PM
    Don't see a massive issue here as GB Energy don't have a cancellation charge. Fortunately I switched to a fixed rate with them a few months ago, if I hadn't I'd have no hesitation in switching. They may well have miscalculated as their customers are likely to be those that pro actively switch, especially with these rises, no cancellation charge and winter coming..
    • Hoof Hearted
    • By Hoof Hearted 16th Oct 16, 8:23 PM
    • 1,825 Posts
    • 1,562 Thanks
    Hoof Hearted
    • #8
    • 16th Oct 16, 8:23 PM
    • #8
    • 16th Oct 16, 8:23 PM
    Small energy suppliers do not buy their energy years ahead, like the big six. In a falling market, spot prices are lower than the long-term prices and small suppliers can offer better prices to customers. However, wholesale energy prices are beginning to climb and the advantages that small suppliers had will disappear. I can see some going tits up. DO NOT let a large credit run if you are with one of the smaller companies.

    I recently signed up to a 12-month fix with GB energy at a very good price. They could conceivably make a loss on some contracts if wholesale prices continue to rise sharply.
    Je suis sabot...
    • NevGeorge
    • By NevGeorge 20th Oct 16, 9:22 AM
    • 27 Posts
    • 58 Thanks
    NevGeorge
    • #9
    • 20th Oct 16, 9:22 AM
    30% hike GB Energy
    • #9
    • 20th Oct 16, 9:22 AM
    I feel disappointed with this company especially as it was recommended by this MSE, it's barely a year since I switched and find myself having to switch yet again. I Do wish the Government would get a grip of these companies and stamp down hard on them when they mis-behave.

    I got an email from them back in September saying there would be a 7% increase on their variable rate but when I got an email today it was more like 30% so I have found a new fixed rate below the original rate I was on in the first place so what are these Muppets playing at???

    It's also strange that this company have made no real reason for this price hike.
    • Ehutchinson
    • By Ehutchinson 27th Nov 16, 10:36 PM
    • 1 Posts
    • 0 Thanks
    Ehutchinson
    My daughter has received a letter from GB Energy saying they have stopped trading.
    • veryintrigued
    • By veryintrigued 27th Nov 16, 10:38 PM
    • 1,705 Posts
    • 912 Thanks
    veryintrigued
    My daughter has received a letter from GB Energy saying they have stopped trading.
    Originally posted by Ehutchinson
    She received a letter (on a Sunday) the day after they stopped trading (on a Saturday).

    Remarkable.
    • matelodave
    • By matelodave 28th Nov 16, 8:37 AM
    • 2,591 Posts
    • 1,406 Thanks
    matelodave
    The best thread to discuss the demise of GB Energy is the one dedicated to it
    http://forums.moneysavingexpert.com/showthread.php?t=5563815
    Love makes the world go round - beer make it go round even faster
    • Mr K
    • By Mr K 28th Nov 16, 8:45 AM
    • 1,064 Posts
    • 634 Thanks
    Mr K
    My daughter has received a letter from GB Energy saying they have stopped trading.
    Originally posted by Ehutchinson
    Is her name Clare Voyant ?
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