British Gas & Capping Clarifications.

CarlMC_2

Zorro, CE1-4 increased on Wednesday, the updated prices are at http://www.britishgas.co.uk/products-and-services/energy/click-energy-prices.html

MrBlonde_2

kjsmith7 wrote: »

It's likely they will increase it in line with standard prices, so it'll still be cheaper than standard prices, but will be more in line with them. That said, if prices do indeed drop and rise again, or are not risen again, anyone on Click 5 is a winner (I was on Click 5, managed to get on the Price Protec 2009, so I only had to pay the old standard prices plus a 9.5% premium, which means instead of paying a 35% increase I now pay a 13% increase as I went from the Click 5 prices). If I didn't have the option for that, I probably would have taken the safe bet and gone for 2011 cap, but I do completely agree that it is a gamble and I think that as long as you've rationalised all the possibilities in your own mind then you've done all the justifying that you need to!

it is definitely a gamble...pay less short term or face the unpredictable future

MrBlonde_2

sorry ...and face ***** or possibly pay more but save in the long run

Zorro

CarlMC wrote: »

Zorro, CE1-4 increased on Wednesday, the updated prices are at http://www.britishgas.co.uk/products-and-services/energy/click-energy-prices.html

Thanks, finally managed to get through to BG, very helpful call handler worked out my savings by switching to CE5 (£37 per quarter) at current rates. He said he had no idea if and when things would change as the staff are only told on the actual day the same as the general public. Wouldn't switch me over the phone as I was an online customer had to do it myself.

Got as far as submitting several times and the site crashed:mad: Eventually gave up and when I checked my email had several confirmations:eek:

Anyway, I shall keep a close eye on this site and the news over the next few days/weeks and decide what to do for the long term when the dust settles.

metalfury

Hi guys, I've been reading this thread and watching the media coverage with great interest.

I'm currently a BG dual fuel Click 1 customer and if I go through the price comparison website BG Click 5 is listed as my best option (+ I get £30 for changing).

However I'm aware that the click 5 tariff is likely to go up in the next few weeks and the price protection 2011 may provide the best longterm savings.

I'm considering switching to Click 5 to make the immediate savings now and then switching to the 2011 plan in the future - maybe after all the other suppliers have raised their tariffs, but before the big rise predicted in January?

Is there any problem with me making regular switches? or would I need to spend some time on the click 5 tariff before transferring to the 2011 plan? . . . or are there any other considerations that I've missed.

Any thoughts would be appreciated.

metalfury

CarlMC_2

There's no switching restrictions/minimum term on any of the CE tariffs - at least, I've not seen any in terms & conditions. And with the other CE tariffs increase on Wednesday, it might not be a bad idea

Zorro

I agree I asked BG that exact question today and was told I might as well start saving from today as there is no penalty switching from CE5. But be aware that if the CE5 is replaced by CE6 after you switch there is no way back to CE5 - if you see what I mean

CarlMC_2

Yeah, that's partly why I stuck with CE4 instead of capping or switching to CE5 - although the gas rate shot up the CE4 rate for electricity (which I use more of) is still lower than the equivalent PP2009 electricity rate. If I ditched CE4, as a withdrawn product I couldn't go back and CE5 or 6 are likely to be higher.

Hek_3

This looks like a fairly oldish thread but I have been approached by BG today over the phone - I am with EDF and on prepayment meters (no choice about that) - they are offering (BG) a capped rate until 2011. It is higher than I am at present paying but if the predictions of more price rises in Jan prove correct it would seem to be a good deal. No other company as far as I can see offers prepayment meter users a capping deal. I am however not too naive and wonder if it is trustworthy. I have agreed to it over the phone but have the usual cooling off period once the paperwork arrives. I find the whole thing totally confusing. EDF have already hiked their prices which are still lower than present BG ones. Any thoughts?

sandiego

Anyone on the capped British Gas prices like me that ends in April sometime? Anybody got any advice what best to do ? Try to swich now or April dont want to get locked in to a higher capped rate without knowing any advice out there?