British Gas & Capping Clarifications.

Dear_Mr_Echo · 31 July 2008 at 1:43PM

I think the point is, when there are no capped options left (I could only find 1 this morning), then there is no point comparing companies until they have all announced their increases. Although BG may have hiked their price and all the others are sure to follow, as it stands at the moment it's not a level playing field. You can do a comparison today that could be out of date by the time you've organised a switch.

That's how I understand his comments anyway

nickmack · 31 July 2008 at 1:57PM

energyworries wrote: »

I would love a response to this to see what martin's take on this is.

I cannot speak for Martin, but my interpretation of what he's saying is as follows:

If you are with a supplier who has already increased their prices, there's little point in moving, until the supplier you intend to move to has also raised their prices.

This is because, you may find the new supplier you move to, has even larger price rises. You don't necessarily have to wait 3 months until all other suppliers have raised their prices, but moving to another provider who's yet to announce rises, puts you at their mercy.

If this is for a capped or fixed tariff, you are likely to have a tie in period, meaning you cannot then get out without paying an exit fee.

BBB · 31 July 2008 at 2:01PM

You are aware that a change in supplier isn't instant? It takes around 5-6 weeks to change which when you've eventually changed you might not be better off anyway so ride it out for the next 3-4 weeks and see what happens across the market.

energyworries · 31 July 2008 at 4:16PM

BBB wrote: »

You are aware that a change in supplier isn't instant? It takes around 5-6 weeks to change which when you've eventually changed you might not be better off anyway so ride it out for the next 3-4 weeks and see what happens across the market.

however first of all my apologies I searched for my original post and couldnt find it

but if I switch to another company I avoid the bgas price rise see bgas' (terms and conditions) and the supplier I switch too changes my prices in the period of transition I only have 28 days with them at the old pices so I can switch as often as I like and end up with cheapest deal each time till all the companies have put the prices up.
its like stoozing but with energy companies.
nothing stopping me doing that or anyone doing that in fact it mighy show bgas edf et al that the public wont hang around waiting to have the cash lifted from the collective wallets.

vermas · 31 July 2008 at 4:36PM

go for one of the sign online deals which is 30% cheaper than the capped options anyway and this means you will probably break even with the price rises

capping is not really worth it now

logie28 · 31 July 2008 at 5:35PM

Totality wrote: »

Nuts, that'll teach me to be impatient. I was on Click 5 and moved to Fixed Price 2011

Don't worry,, as with all contracts,, you will have a cooling off period,, ring BG and TELL them you would like to cancel,,
you may have to put this in writing, if this is the case send your letter recorded delivery,, not often they "get lost".. should reinstate you on your old tariff...

Totality · 31 July 2008 at 6:13PM

logie28 wrote: »

Don't worry,, as with all contracts,, you will have a cooling off period,, ring BG and TELL them you would like to cancel,,
you may have to put this in writing, if this is the case send your letter recorded delivery,, not often they "get lost".. should reinstate you on your old tariff...

My worry is though that if I do that, I end up missing out once the Click 5 tariff changes. While its still summer, its not a huge deal to be on the 2011 tariff and pay a few pennies more. Its winter than concerns me more.

Still think I should change back?

linda-ann · 31 July 2008 at 6:25PM

I have just recieved an email from British Gas this goes with what Martin has been saying

Good news – your prices haven’t increased.:T

[FONT=Arial, Helvetica]This email is regarding:[/FONT]
[FONT=Arial, Helvetica]Your Energy Prices[/FONT]

Which haven't been affected by the latest price increases.World oil and gas prices have been reaching record highs – this is an issue facing all energy suppliers. This means the cost of energy has been going up and will probably continue to rise. In fact, in the last six months wholesale energy prices have increased by more than 60%.
You'll still benefit from our lowest available prices.
When you took out Click Energy 5 you made a great decision – you're benefiting from our cheapest available online dual-fuel tariff*, and because we've only just introduced this market-beating tariff we're going to hold off any price increases for as long as we can. There's no need to do anything, we'll contact you to let you know your new prices should they change.
Visit our website for more information on why energy prices are increasing and what we're doing to help you with rising energy costs.
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