Scottish power capped prices, good deal?

37monkey

Hi all,
Just got an email about capping until 2011 and was wondering if this is a good idea or not? apparently if prices go down then so will my bill but it won't go above the cap? whats the catch? I know there must be one as it's a deal offered by a large company and for some reason they all have to try to trick people rather than just being honest from the start - am i wrong?
thanks

macman

The catch is that the rates will still be higher than an uncapped tariff.

*j*

Check out the comparison websites and look at Atlantic Electric and Gas. It's one of the cheapest, and fixed until August 2011.

I've just changed, seems a good deal to me.

Scottish_Power

Hi 37monkey

The capped rates are offered to provide customer's with the security of knowing that their prices will not rise above the threshhold price and if we lower our prices then your rates are lowered accordingly.

Like macman says, you can opt for an uncapped tariff and get better rates without having the added security and therefore if prices rise, then so will yours.

I hope this helps. Let me know if I can be of further assistance.

Kind Regards

Colin @ ScottishPower

gerryscot

scottishpower_company_representative wrote: »

Hi 37monkey

The capped rates are offered to provide customer's with the security of knowing that their prices will not rise above the threshhold price and if we lower our prices then your rates are lowered accordingly.

Like macman says, you can opt for an uncapped tariff and get better rates without having the added security and therefore if prices rise, then so will yours.

I hope this helps. Let me know if I can be of further assistance.

Kind Regards

Colin @ ScottishPower

Hi Colin


Sorry my question is not relating to capped tariff.

Do you know what Scottish Powers policy and timescale is for changing a meter.

Thank you.

Gerry x

Scottish_Power

Hi gerryscot

Don't apologise. I'll happily try and answer any queries.

The company policy now is that changing a meter is a chargeable job. The cost for a meter change is approx £50.00.

Depending on your location, the meter change appointments can be arranged within a few days up to 10 working days.

Hope this helps. Let me know if there is anything else you are unsure of.

Kind Regards

Colin @ ScottishPower

gerryscot

scottishpower_company_representative wrote: »

Hi gerryscot

Don't apologise. I'll happily try and answer any queries.

The company policy now is that changing a meter is a chargeable job. The cost for a meter change is approx £50.00.

Depending on your location, the meter change appointments can be arranged within a few days up to 10 working days.

Hope this helps. Let me know if there is anything else you are unsure of.

Kind Regards

Colin @ ScottishPower

Hi Colin,

Was trying to get an answer to that question for weeks. You've been a great help, thank you very much. :T

Gerry x