British Bas Websaver 8 - good idea or better with fixed rate?

jenniferfluff29

Hi there

I am considering moving to the above. Should make annual savings, along with the £50 bill credit after one year.

However, then got concerned reading the papers yesterday that BG may be hiking up prices and therefore this may not be such a good deal.

Any experts on there who have been watching the market and have any views to share on whether I may be better going with a fixed rate for a year?

Thanks

fluff

Preston_B

I've just been hit by the EDF price rise and spent two days looking for an alternative. Whilst this B GAS deal looks good it does have a tie in, and any price rise I think could wipe out savings....and in my region the B GAS unit rates on this tariff are almost double what I'm paying now!!!!

But on the flip side I can't see B GAS daring to to increase price for a while after the massive profits they have just made.

I think I might go for Southern Electric's Price fix 4, although tied in for the year, at least the prices can't go up.

In conclusion....as per usual the market is a minefield!!

Don't know if this helps... but happy hunting!

KimYeovil

Preston_B wrote: »

But on the flip side I can't see B GAS daring to to increase price for a while after the massive profits they have just made.

They have not made massive profits. What are you talking about?

Preston_B

KimYeovil wrote: »

They have not made massive profits. What are you talking about?

Read the article in MSE news
British Gas profits could 'end price hike talk'

and then go back to sleep Kim!

KimYeovil

Yes, I am familiar with that non-story. I repeat. They have not made massive profits. What massive profits are you talking about? Please supply corroborating data.

Preston_B

I was only trying to help with an opinion Kim.

You may also wish to check the BBC news website for 28 July which says the following:

British Gas made operating profits of £585m for the first half of 2010, up 98% on the same period last year.

Sam Laidlaw: "This is a much bigger group than we had a year ago"

The company, which supplies gas to more than half of the country's households, won new customers and benefited from the cold winter.
Gas use was 8% above 2009, and the company has added 400,000 more residential customers since then.
However, watchdog Consumer Focus said such a jump in profits would "sound alarm bells".


Maybe you are a sleep at your British Gas desk Kim?

KimYeovil

You are missing out the adjective 'massive'. Please corroborate your belief that the profits are 'massive'. I am not disputing that British Gas have made a very modest profit.