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British Gas Con

British Gas anounced a 7% price cut on 4th Feb. I've just had my gas bill and what they haven't advertised is that they increased their prices on 1st Feb so the 7% cut was only really just under 4.5%.
They also increased their electricity prices by 3% on 1st Feb

Comments

  • spiro
    spiro Posts: 6,405 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Are you haven't come off something like a price protection tariff onto another tariff? Any price rise by the Big 6 would have been all over the news.
    IT Consultant in the utilities industry specialising in the retail electricity market.

    4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).
  • Bark01
    Bark01 Posts: 889 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    It was an average of 7% of core prices, the prepayment decrease was 9% and the core decrease was 5%.

    I think some of the old onlines might have increased.
  • Cardew
    Cardew Posts: 29,056 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Rampant Recycler
    mantonh wrote: »
    British Gas anounced a 7% price cut on 4th Feb. I've just had my gas bill and what they haven't advertised is that they increased their prices on 1st Feb so the 7% cut was only really just under 4.5%.
    They also increased their electricity prices by 3% on 1st Feb

    I think you are mistaken!

    They decreased the price of their Standard gas tariff by 7%. Some of their other tariffs are linked to the Standard tariff e.g. 'we guarantee it will be x% below the standard tariff'.

    Also the level of consumption can affect the percentage decrease.

    More detail please.
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