MSE News: EDF and Scottish Power to cut gas prices

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"All the major power firms will now cut gas prices but households will not see their electricity bills drop ..."

Read the full story:
EDF and Scottish Power to cut gas prices

Dave_save

As usual, a great time for them to cut gas prices now the heavy use period is almost over.

Chiddles

I am currently on Scottish Power's Fixed Price Energy online fixed until march 2011 and have been on this since before the price hikes in 2008/9. Does anyone know if its still a good deal to be on?

peterx

Im on exactly the same tariff and i am moving to EDF which is the cheapest for me Iwill save £100 plus £40 Quidco.

Bark01

Dave_save wrote: »

As usual, a great time for them to cut gas prices now the heavy use period is almost over.

To be fair EDF cut their gas prices for a lot of customers in October (all though not DF credit customers) and were the cheapest Gas suppliers all winter.

berkshirelady

I just phoned EDF to find out if my tariff qualifies for the price cut - and it doesn't, because my tariff is 'fixed' until September. So I'm stuck until then!

I do wonder how many customers actually WILL benefit from these price cuts from end of March onwards? I would imagine most people, if they've shopped around, are locked into fixed periods for their tariffs, or have to pay a penalty charge if they go elsewhere?

And why gas only, when wholesale electricity prices have gone down too?

Bark01

It always surprises me how many people sign up to a fixed contract and then complain when prices change and it doesn't affect them. The clue is in the name of the contract you signed up for….

Electricity wholesale prices may be down but Duos charges on the whole have gone up. There is more to a bill than just wholesale price.

If you know so much about energy costs why did you sign up to a fixed price?

berkshirelady

because my previous deal came to an end in September, and it was the cheapest deal on offer at the time! And that was after I'd looked at switching supplier. I don't think it's uncommon for companies to lock people in to 12 month terms for a cheaper tariff is it? as far as I can tell, the only way to benefit from possible future price cuts is to take a gamble and shell out for the standard tariff.

PS. I don't remember saying I know much about energy costs. I'm just an ordinary consumer!

mattcanary

The majority of customers with all electricity and gas companies are on the standard tariff. They would previously have been paying co0nsiderably more than you on your fixed deal, berkshire lady - so it's not all bad for you!