BG announce 10% price cut.

Crabman

Nice to see Ed Miliband 'urging' companies to follow BG and lower their prices.

Thanks Ed, you're a true hero of the people (insert sarcasm here) :rolleyes:

sickofusernames

I feel ripped off too, on the Fixed 2011 tariff !

Funny how the reduction is going to be introduced at the end of winter, somebody somewhere in these utility companies must just do it for a laugh, seriously, they must.

So annoyed that i've been shafted :mad: Thanks BG

AstarothCY

The government should "bail out" anyone who took out a fixed tariff last summer, maybe that'll show BG what it feels like to be completely screwed over.

Fire_Fox

AstarothCY wrote: »

The government should "bail out" anyone who took out a fixed tariff last summer, maybe that'll show BG what it feels like to be completely screwed over.

Getting a fixed tariff was a gamble, as was not fixing. None of us really knew what was going to happen to prices. Why should the government bail out someone who fixed and lost the gamble, and not bail out others who have bills based on extortionate prices? It won't be the government paying anyway, it will be the taxpayer.

tripled

It's possible they'll do what they did last time - wait for all the other companies to announce their cuts (usually slightly bigger than BG's) - then drop them again slightly to stay competetive. This gets them more press exposure, and their advisors can sell on the back of being the only company to cut prices twice, even if they are still more expensive.

AstarothCY

I should have clarified - I didn't mean a bail-out in the classical sense (since when do governments bail out people anyway?). What I had in mind was the government forcing energy companies to let people back out of fixed tariffs arranged last summer without fulfilling any obligations/paying any switching fees. This will NEVER happen, I was just putting it forward as a government move that would stick it to the energy companies instead of the customers for once.

RyanC_3

AstarothCY wrote: »

I should have clarified - I didn't mean a bail-out in the classical sense (since when do governments bail out people anyway?). What I had in mind was the government forcing energy companies to let people back out of fixed tariffs arranged last summer without fulfilling any obligations/paying any switching fees. This will NEVER happen, I was just putting it forward as a government move that would stick it to the energy companies instead of the customers for once.

People have fixed their prices for three years. This gives them piece of mind, These people made their own decisions. You make it sound as if they were forced onto these tariffs.

It's crazy how people have reacted so negativley to a price decrease.

1carminestocky

1carminestocky

Cardew

AstarothCY wrote: »

I should have clarified - I didn't mean a bail-out in the classical sense (since when do governments bail out people anyway?). What I had in mind was the government forcing energy companies to let people back out of fixed tariffs arranged last summer without fulfilling any obligations/paying any switching fees. This will NEVER happen, I was just putting it forward as a government move that would stick it to the energy companies instead of the customers for once.

Given that electing for a capped/fixed tariff is always a gamble, isn't your idea akin to the Government forcing William Hill to give back punters their losing bets?