British Gas & Capping Clarifications.

TwoSheds_3

My Electricity is with Eon but you can't find any prices on there website and my bill is a couple of months old.

I think I'll go for BG 2009

jackieb

I've just changed my Scottish gas and electricity tarrifs to fixed price 2011.

Thanks. I thought i'd missed the boat on this one.

TheGame7

..........

kjsmith7

TheGame7 wrote: »

I would like to know the answer to this too.

I posted about Click 5 and the 2011 tariff here: http://forums.moneysavingexpert.com/showpost.html?p=12932943&postcount=17

SNJ1950

MSE_Martin wrote: »

Hi folks,

I've been getting a number of questions about 'I've capped but not saved' and wanted to clear up some of the answers.

One of the problems is that as I write the energy comparison services haven't yet updated their sites with the new tariffs, which means you get false results in terms of price difference.

1. Is the new BG cap more expensive than the old one?

The basic answer is yes. The December 09 cap is much cheaper than the new cap, which is set at the same level as BG's new standard rate.

According to Energyhelpline who crunched the numbers for me, for those paying by monthly direct debit this is 14% more expensive than the old cap, for those paying by quarterly billing it's 24% more expensive.

2. Is the old cap cheaper than the Click 5 tariff?

The answer is no. The Click5 tariff hasn't been increased yet, normally that happens six weeks or so (or a bit more) after the main rise.

The old cap (dec 09) was set 28% higher than the click5 tariff. If click5 increases by 25% for dual fuel, then even after an increase it will be cheaper. However as the difference between click5 and standard tariff is usually around £250 for a typical bill, if BG continues to maintain this differential its likely click5 would be put up around 30%, so the old cap will be cheaper.

Either way the difference between click5 and the old cap is likely to be small.... however... that negates the fact that MORE price rises are expected in January and the old cap lasts until December 09. If these price rises happen, then the old cap will have worked out a great deal, if it doesn't happen then the old cap will, at worse, have been a few percentage points more expensive.

Martin

Can you do anything positive if you have just made the dual energy change to Click 5 and the process is underway and the change due to take place on 19th August?

kjsmith7

SNJ1950 wrote: »

Can you do anything positive if you have just made the dual energy change to Click 5 and the process is underway and the change due to take place on 19th August?

Positive? As in, do you mean change to the 2011 Price Protection, for instance? You may be able to. Call with your provisional reference number (it's on your welcome letter) and ask about it, see what the advisors say. If not, the price protection MAY be available on the 19th August, who knows?

Edinburghlass_2

Just been said on GMTV that Martin should be on some time after 9.00 so it will be worthwhile watching to see what he says this morning. Hope they give him more than the 3 minutes he got yesterday.

Edinburghlass_2

Time has now been given as 9.05 and Martin will be interviewed from outside his house rather than in the studio... hope all his neighbours have capped

bluenose1

Edinburghlass wrote: »

Time has now been given as 9.05 and Martin will be interviewed from outside his house rather than in the studio... hope all his neighbours have capped

I am in work so please tell me what his advise is. I am just looking at the BG cap until 2011 and trying to decide whether to do it or not??
Thanks

Edinburghlass_2

Check out the GMTV website here http://www.gm.tv/index.cfm?articleid=30277

although I'm sure Martin will be on here to reiterate what he has said on GMTV, at the moment he is answering viewers questions.