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
    • MSE Callum
    • By MSE Callum 4th Oct 17, 3:56 PM
    • 40Posts
    • 23Thanks
    MSE Callum
    MSE News: Theresa May promises to launch energy price cap bill next week
    • #1
    • 4th Oct 17, 3:56 PM
    MSE News: Theresa May promises to launch energy price cap bill next week 4th Oct 17 at 3:56 PM
    The Prime Minister Theresa May has promised to publish a new draft bill setting out plans for an energy price cap which applies to standard variable tariffs....
    Read the full story:
    'Theresa May promises to launch energy price cap bill next week'

    Click reply below to discuss. If you haven’t already, join the forum to reply.

    Follow MSE on other Social Media:
    MSE Facebook, MSE Twitter, MSE Deals Facebook, MSE Deals Twitter, Forum Twitter, Instagram, Pinterest
    Join the MSE Forum
    Get the Free MoneySavingExpert Money Tips E-mail
    Report inappropriate posts: click the report button
    Point out a rate/product change
    Flag a news story: news@moneysavingexpert.com
Page 1
    • brewerdave
    • By brewerdave 4th Oct 17, 3:57 PM
    • 4,497 Posts
    • 1,842 Thanks
    brewerdave
    • #2
    • 4th Oct 17, 3:57 PM
    • #2
    • 4th Oct 17, 3:57 PM
    Get prepared for a series of SVR increases from any Utility Co. who hasn't increased recently!!
    • BBH123
    • By BBH123 4th Oct 17, 4:04 PM
    • 457 Posts
    • 684 Thanks
    BBH123
    • #3
    • 4th Oct 17, 4:04 PM
    • #3
    • 4th Oct 17, 4:04 PM
    Well thats something and nothing
    • Xbigman
    • By Xbigman 4th Oct 17, 4:57 PM
    • 2,922 Posts
    • 1,180 Thanks
    Xbigman
    • #4
    • 4th Oct 17, 4:57 PM
    • #4
    • 4th Oct 17, 4:57 PM
    Will this kill zero standing charge tariffs like the PPM cap? Time will tell.




    Darren
    Xbigman's guide to a happy life.

    Eat properly
    Sleep properly
    Save some money
    • boo_star
    • By boo_star 4th Oct 17, 7:41 PM
    • 1,287 Posts
    • 652 Thanks
    boo_star
    • #5
    • 4th Oct 17, 7:41 PM
    • #5
    • 4th Oct 17, 7:41 PM
    The energy market punishes loyalty with higher prices.
    Perhaps, but it’s far from the only one that does.
    • Kite2010
    • By Kite2010 4th Oct 17, 7:44 PM
    • 4,112 Posts
    • 3,503 Thanks
    Kite2010
    • #6
    • 4th Oct 17, 7:44 PM
    • #6
    • 4th Oct 17, 7:44 PM
    Get prepared for a series of SVR increases from any Utility Co. who hasn't increased recently!!
    Originally posted by brewerdave
    Get prepared for any cheap fixed deals to mysteriously vanish
    • nic_c
    • By nic_c 5th Oct 17, 3:32 AM
    • 1,013 Posts
    • 584 Thanks
    nic_c
    • #7
    • 5th Oct 17, 3:32 AM
    • #7
    • 5th Oct 17, 3:32 AM
    Get prepared for any cheap fixed deals to mysteriously vanish
    Originally posted by Kite2010
    That really depends on how any cap would be implemented. If it was a case of the annual increase was capped with plenty of notice before the cap started, it probably wouldn't affect much.
    • phillw
    • By phillw 5th Oct 17, 11:49 AM
    • 844 Posts
    • 466 Thanks
    phillw
    • #8
    • 5th Oct 17, 11:49 AM
    • #8
    • 5th Oct 17, 11:49 AM
    Perhaps, but it’s far from the only one that does.
    Originally posted by boo_star
    What is wrong with that anyway? What exactly is loyalty when it comes to an energy provider???? You used a product of theirs and they sold it to you at the agreed price. They don't love you and I don't see why anyone would invest emotionally into an energy provider.

    Do people really want to be rewarded for complacency?
    • Sandcrawlers
    • By Sandcrawlers 5th Oct 17, 12:09 PM
    • 1 Posts
    • 0 Thanks
    Sandcrawlers
    • #9
    • 5th Oct 17, 12:09 PM
    Energy Companies price cap, mis-selling and refunds
    • #9
    • 5th Oct 17, 12:09 PM
    It is great news to hear about the energy price cap, but what about the energy companied refunding money they still owe. I joined British Gas in 14 May 2014 on the Discount Fix May 2015 and on the 15th the day after the tariff was not applied to both Gas and Electric supply. This Dual fuel tariff was only applied to Electric yet it was sold to me for both supplies (mis-selling). It is not October 2017 as still not had a correct refund and the SLC-27.17 - Issuing a Final Actuate bill with 6 weeks termination of supply has still not happened. In addition the EnergyUK Back Billing code has still not happened after the 12 months of leaving British Gas and they has charge me (Estimated) for Electric and Gas when I have used this elsewhere. British Gas choosing to ignore actuate Meter readings and replace with Estimated . This has been to The Ombudsman Service - Energy (several times) where they choose to ignore the consumer (Me) and only listen to one side of the argument British Gas. So in reality paying to the energy twice over (overlap in meter readings). It is estimated that British Gas owe me £946 on (Electric) one account alone, yet they also owe for the Gas account and the Feed In Tariff (FITs) Solar Panel payments too since 2015 estimation £2,500+ for all three accounts. HRMC also state about 8% compensation settlement payment per annual. And British Gas just put phone down when they hear my name (a bad penny lol)


    Could I also add why the Daily Standing Charge, what is it for errrrm Meter Services i.e. sending out a meter reader like G4S to read there meter, yet they ask us to do there job that we are paying them for. Shouldn't British Gas etc. be paying us for doing there job and what I am paying them to do, lol.
    Last edited by Sandcrawlers; 05-10-2017 at 12:13 PM.
    • Hengus
    • By Hengus 5th Oct 17, 12:17 PM
    • 4,386 Posts
    • 2,582 Thanks
    Hengus
    This has been to The Ombudsman Service - Energy (several times) where they choose to ignore the consumer (Me) and only listen to one side of the argument British Gas. So in reality paying to the energy twice over (overlap in meter readings). It is estimated that British Gas owe me £946 on (Electric) one account alone, yet they also owe for the Gas account and the Feed In Tariff (FITs) Solar Panel payments too since 2015 estimation £2,500+ for all three accounts. HRMC also state about 8% compensation settlement payment per annual. And British Gas just put phone down when they hear my name (a bad penny lol)
    Originally posted by Sandcrawlers
    Consumers need to think carefully before pressing The EO key. You are agreeing to independent arbitration based on the evidence offered in support of your complaint, and evidence held by the supplier. Sadly, the customer doesn't get to see what is held on your file unless a SAR is raised and actioned before The EO gets involved. Once The EO ball is rolling it cannot be stopped. A Final Decision is made that the consumer either accepts or rejects. Rejection gets the supplier totally off the hook in that neither the supplier nor The EO will discuss the matter any further as you are finding out.

    You only option now is to take the supplier to The Small Claims Court. It helps if The EO was firmly on your side.

    PS Your supply and generation contracts are wholly separate and should not be conflated in an attempt to get a resolution.
    Last edited by Hengus; 05-10-2017 at 3:17 PM. Reason: Typo
    • phillw
    • By phillw 5th Oct 17, 3:59 PM
    • 844 Posts
    • 466 Thanks
    phillw
    Could I also add why the Daily Standing Charge, what is it for errrrm Meter Services i.e. sending out a meter reader like G4S to read there meter, yet they ask us to do there job that we are paying them for. Shouldn't British Gas etc. be paying us for doing there job and what I am paying them to do, lol.
    Originally posted by Sandcrawlers
    Standing charge is supposed to cover things that are unrelated to how much gas or electricity you use, so things like network maintenance and their office costs, customer service etc.

    Although in reality I expect money is not ring fenced, so it's just a gamble on your part. Like if you sign up for a 500 minute mobile tariff, you might be paying for more minutes than you use or maybe not enough and the out of tariff calls give you bill shock.
    Last edited by phillw; 05-10-2017 at 4:02 PM.
    • davidgmmafan
    • By davidgmmafan 11th Oct 17, 2:29 PM
    • 1,439 Posts
    • 518 Thanks
    davidgmmafan
    The fact Ofgem involves means there will be unintended negative consequences for consumers as that's pretty much their MO.
    Mixed Martial Arts is the greatest sport known to mankind and anyone who says it is 'a bar room brawl' has never trained in it and has no idea what they are talking about.
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

257Posts Today

1,177Users online

Martin's Twitter
  • RT @LordsEconCom: On Tuesday Martin Lewis, Hannah Morrish & Shakira Martin gave evidence to the Cttee. Read the full transcript here: https?

  • Ta ta for now. Half term's starting, so I'm exchanging my MoneySavingExpert hat for one that says Daddy in big letters. See you in a week.

  • RT @thismorning: Can @MartinSLewis' deals save YOU cash? ???? https://t.co/igbHCwzeiN

  • Follow Martin