We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
British Gas Websaver 5 - Not Tracking 7% Reduction
Options

mleandcustard
Posts: 7 Forumite
in Energy
Hi all,
2 months ago I used MSE's advice and signed up for the British Gas Websaver 5 Product. Reading the T&Cs I understood it so be similar to a Discount Tracker Mortgage- ie what ever the Standard Gas and Elec Tariff was, I would pay 6% less.
British Gas have recently announced a 7% Price Drop on Gas, and when I read the "How Does This Affect You" section, I am surprised to find that this 7% will NOT be passed on to those of us that signed up for Websaver 5 !
Can anybody help explain where I have mis-interpreted the Websaver 5 "Tracker" aspect, and is this a mistake on my part, or clever / devious marketing on British Gas' part ?
Thanks
MS
2 months ago I used MSE's advice and signed up for the British Gas Websaver 5 Product. Reading the T&Cs I understood it so be similar to a Discount Tracker Mortgage- ie what ever the Standard Gas and Elec Tariff was, I would pay 6% less.
British Gas have recently announced a 7% Price Drop on Gas, and when I read the "How Does This Affect You" section, I am surprised to find that this 7% will NOT be passed on to those of us that signed up for Websaver 5 !
Can anybody help explain where I have mis-interpreted the Websaver 5 "Tracker" aspect, and is this a mistake on my part, or clever / devious marketing on British Gas' part ?
Thanks
MS
0
Comments
-
The reason is because even after the 7% reduction on the std tariff WS5 still remains more than 6% cheaper so no discount is passed on0
-
You have misunderstood. It is guaranteed to be at least 6% (or whatever figure it is) less than the standard price. But as it started off being more than 13% (again, or whatever the actual figure is) cheaper then the decrease in the standard tariff has no effect.
It is not devious marketing.0 -
I think you will find that the websavers guaranteed to be at least x% less than standard rates.
In practice they were much more than that guaranteed percentage - often 16% or so less than the standard rate.
Websaver 5 is still more than 6% less than standard.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards