Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Michaelw
    • By Michaelw 2nd Oct 17, 10:23 AM
    • 72Posts
    • 20Thanks
    Michaelw
    British Gas Price Hike
    • #1
    • 2nd Oct 17, 10:23 AM
    British Gas Price Hike 2nd Oct 17 at 10:23 AM
    All the headines pointed to an electricity price rise for British Gas customers and received a letter explaining the rise.However they appear to have hiked prices for gas too acording to this smart meter.Gas standing charge has risen 1.87p to 27.870p and unit price to 3.300p.This device was supposed to save money but they increase the standing charge.

    I cannot see anything elsewhere about a gas price rise.So you cannot rely on what your told.
    Last edited by Michaelw; 02-10-2017 at 3:28 PM.
Page 1
    • molerat
    • By molerat 2nd Oct 17, 11:55 AM
    • 17,480 Posts
    • 11,705 Thanks
    molerat
    • #2
    • 2nd Oct 17, 11:55 AM
    • #2
    • 2nd Oct 17, 11:55 AM
    No way is gas 13.3p so you need to check your facts !
    www.helpforheroes.org.uk/donations.html
    • Hengus
    • By Hengus 2nd Oct 17, 12:57 PM
    • 4,648 Posts
    • 2,822 Thanks
    Hengus
    • #3
    • 2nd Oct 17, 12:57 PM
    • #3
    • 2nd Oct 17, 12:57 PM
    All the headines pointed to an electricity price rise for British Gas customers and received a letter explaining the rise.However they appear to have hiked prices for gas too acording to this smart meter.Gas standing charge has risen 1.87p to 27.870p and unit price to 13.300p.This device was supposed to save money but they increase the standing charge.

    I cannot see anything elsewhere about a gas price rise.So you cannot rely on what your told.
    Originally posted by Michaelw
    Forgive for asking, but how exactly do you expect a smart meter to save you money? It is a meter - nothing more and nothing less - with a comms hub to pass usage information to your supplier. It will only save you money if you choose a cheaper tariff (difficult these days with rising prices) and you use the information on the IHD to turn your thermostat down and to turn things off.
    • matelodave
    • By matelodave 2nd Oct 17, 1:27 PM
    • 3,175 Posts
    • 1,896 Thanks
    matelodave
    • #4
    • 2nd Oct 17, 1:27 PM
    • #4
    • 2nd Oct 17, 1:27 PM
    As Hengus says the IHD will only save you money if you use it to check what's on and learn to switch stuff off when it's not required.

    You dont really need an IHD to save money but it can help you pin point when stuff is turned on when it shouldn't be.

    There are only two ways to save money, use less or get a cheaper tariff. The IHD will help you with the first but not with the second
    Love makes the world go round - beer make it go round even faster
    • Bark01
    • By Bark01 2nd Oct 17, 2:28 PM
    • 770 Posts
    • 244 Thanks
    Bark01
    • #5
    • 2nd Oct 17, 2:28 PM
    • #5
    • 2nd Oct 17, 2:28 PM
    Forgive for asking, but how exactly do you expect a smart meter to save you money? It is a meter - nothing more and nothing less - with a comms hub to pass usage information to your supplier. It will only save you money if you choose a cheaper tariff (difficult these days with rising prices) and you use the information on the IHD to turn your thermostat down and to turn things off.
    Originally posted by Hengus

    Total consumer benefits amount to £5.30bn and include savings from reduced energy consumption (£5.24bn), and avoided costs of microgeneration metering (£57m).

    Total supplier benefits amount to £8.25bn, composed of avoided site visits (£2.99bn), and reduced inquiries and customer overheads (£1.21bn).

    Total network-related benefits amount to £839m and generation benefits to £943m.

    Carbon related benefits amount to £1.29bn. Air quality improvements amount to £98m.


    In theory the supplier and networks benefits 'should' be past onto customers via lower prices.
    • Hengus
    • By Hengus 2nd Oct 17, 2:51 PM
    • 4,648 Posts
    • 2,822 Thanks
    Hengus
    • #6
    • 2nd Oct 17, 2:51 PM
    • #6
    • 2nd Oct 17, 2:51 PM
    With over 40M smart meter installations still to go, we are a long way off realising the Government's projected smart meter project savings. This will not happen until there is a measurable reduction in demand based on the UK moving towards a smart grid. Remember, these 'made up' savings come from the same stable as those produced in support of one day switching:

    Quote: Assuming just a 7.5 minute saving of domestic consumers’ non-working time produces a NPV benefit to consumers of £72 million. Unquote

    Lower, in my opinion, does not mean cheaper. It means less than you might have to pay were it not for the fact that smart metering will allow the industry to better match demand with supply. Savings per customer will depend primarily on lower usage based on the cost-saving 'incentive' of ToU tariffs - and I am not talking about 8 hours of free electricity on a Saturday or Sunday. This is coming our way in the next few years:

    http://www.ontario-hydro.com/current-rates

    Worth a read:

    https://www.carboncommentary.com/blog/2017/1/10/the-first-time-of-use-tariff-in-the-uk-will-it-save-users-money
    Last edited by Hengus; 02-10-2017 at 2:54 PM.
    • NineDeuce
    • By NineDeuce 2nd Oct 17, 3:17 PM
    • 529 Posts
    • 471 Thanks
    NineDeuce
    • #7
    • 2nd Oct 17, 3:17 PM
    • #7
    • 2nd Oct 17, 3:17 PM
    Gas is around 3-4p per unit. Even if you were on out of contract rates you wouldnt be paying more than 6p.....
    • NineDeuce
    • By NineDeuce 2nd Oct 17, 3:27 PM
    • 529 Posts
    • 471 Thanks
    NineDeuce
    • #8
    • 2nd Oct 17, 3:27 PM
    • #8
    • 2nd Oct 17, 3:27 PM
    Forgive for asking, but how exactly do you expect a smart meter to save you money? It is a meter - nothing more and nothing less - with a comms hub to pass usage information to your supplier. It will only save you money if you choose a cheaper tariff (difficult these days with rising prices) and you use the information on the IHD to turn your thermostat down and to turn things off.
    Originally posted by Hengus
    It saves money overall because it is cheaper to run than getting someone to manually read the meter periodically.

    If you use the data from a smart meter you can then monitor your usage and act accordingly. You might have other devices to help you with this but they wont show you the costs or how much could be potentially saved.
    • Michaelw
    • By Michaelw 2nd Oct 17, 3:33 PM
    • 72 Posts
    • 20 Thanks
    Michaelw
    • #9
    • 2nd Oct 17, 3:33 PM
    • #9
    • 2nd Oct 17, 3:33 PM
    Apologies it should have been 3.300p for gas and 13.130p for electricity.
    • Michaelw
    • By Michaelw 2nd Oct 17, 3:39 PM
    • 72 Posts
    • 20 Thanks
    Michaelw
    With over 40M smart meter installations still to go, we are a long way off realising the Government's projected smart meter project savings. This will not happen until there is a measurable reduction in demand based on the UK moving towards a smart grid. Remember, these 'made up' savings come from the same stable as those produced in support of one day switching:

    Quote: Assuming just a 7.5 minute saving of domestic consumersí non-working time produces a NPV benefit to consumers of £72 million. Unquote

    Lower, in my opinion, does not mean cheaper. It means less than you might have to pay were it not for the fact that smart metering will allow the industry to better match demand with supply. Savings per customer will depend primarily on lower usage based on the cost-saving 'incentive' of ToU tariffs - and I am not talking about 8 hours of free electricity on a Saturday or Sunday. This is coming our way in the next few years:

    http://www.ontario-hydro.com/current-rates

    Worth a read:

    https://www.carboncommentary.com/blog/2017/1/10/the-first-time-of-use-tariff-in-the-uk-will-it-save-users-money
    Originally posted by Hengus
    Theres little about this at the moment but what has been mentioned relates to smets2 capability.All i found the saving for was reheating an electric kettle twice.
    • NineDeuce
    • By NineDeuce 2nd Oct 17, 3:49 PM
    • 529 Posts
    • 471 Thanks
    NineDeuce
    Apologies it should have been 3.300p for gas and 13.130p for electricity.
    Originally posted by Michaelw
    Standing charges will continue to go up. What a lot of people dont appreciate is cost avoidance rather than savings..... prices would go up further without measures taking place. Utility prices will never go down.
    • Hengus
    • By Hengus 2nd Oct 17, 4:10 PM
    • 4,648 Posts
    • 2,822 Thanks
    Hengus
    Sadly, 10 years on Ontario still hasnít seen the benefits of smart meters.

    http://www.cbc.ca/news/canada/toronto/smart-meters-hydro-bills-ontario-time-of-use-pricing-1.3862462

    The Environmental Commissioner of Ontario's 2015-16 Energy Conservation Progress Report found "a 0.7 per cent reduction in peak demand among residential customers" attributed to time-of-use pricing over a four-year period. The province had predicted the cut in demand would be six times greater than that.

    The people paying a lot more are families with young children and seniors at home.
    Last edited by Hengus; 02-10-2017 at 4:13 PM.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,446Posts Today

7,325Users online

Martin's Twitter