MSE News: SSE puts gas prices up: will others follow suit?

Former_MSE_Natasha

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

Read the full story:
SSE puts gas prices up: will others follow?



P.S. Sorry for the disappearance of the previous thread, there was a slight technical hitch!

glider3560

As I posted on the previous thread, this isn't the first real price hike. Ovo Energy have just raised the price for everyone on their variable tariff.

SimpleDave_2

glider3560 wrote: »

As I posted on the previous thread, this isn't the first real price hike. Ovo Energy have just raised the price for everyone on their variable tariff.

You are right to a certain extent, but this will affect 3.6m customers, the OVO one will affect a couple of thousand. rather a large difference

Premier_2

MSE_Natasha wrote: »

MSE News: SSE puts gas prices up: will others follow suit?

Ebico, who use SSE as their supply partner, and 'benchmark' their price movements against those of SSE, have posted on facebook to say that despite SSE raising their prices, Ebico have no intentions at this time to raise their own ... but will advise if they change their mind later. :cool:

Full statement from Ebico says:

Our partner Scottish and Southern Energy has increased their gas price by 9.4%.
At this point-in-time we have no plans to increase ours, but will let you know as-soon-as possible, if we do. Wholesale gas prices industry-wide have been rising over the past few months, but we are seeking to avoid passing these increased costs onto customers, if at all possible.

http://www.facebook.com/pages/Ebico-Ltd/112467313920

MSE_Martin

Sorry you are correct this is the first "Big Six" price hike - we'll amend the news article - its my fault on the short cut

wakeupalarm

If "Wholesale gas prices industry-wide have been rising over the past few months" why are there any retail increases at all. As the energy companies have constantly told us "we buy upto 2 years in advance", therefore we should still have 18 months or so of cheaply bought energy to go before any retail prices increases.

sofa-spud

wakeupalarm wrote: »

If "Wholesale gas prices industry-wide have been rising over the past few months" why are there any retail increases at all. As the energy companies have constantly told us "we buy upto 2 years in advance", therefore we should still have 18 months or so of cheaply bought energy to go before any retail prices increases.

Exactly, this is the very excuse they trot out every time wholesale prices fall...
Really needs Jeremy Paxman/Vine types to pin them down on these excuses when they are interviewed. Unlike Fern Brittens lame performance when standing in for Vine on his radio 2 slot a few(last year?) months back...

Terrylw1

wakeupalarm wrote: »

If "Wholesale gas prices industry-wide have been rising over the past few months" why are there any retail increases at all. As the energy companies have constantly told us "we buy upto 2 years in advance", therefore we should still have 18 months or so of cheaply bought energy to go before any retail prices increases.

Yeah, and you don't see the utilities dropping prices when the gas price was lower.

maddipops

I dont know if scottish power's tariff's been withdrawn yet, but it includes boiler care and 4 year fixed prices at a pretty decent cost, everyone should jump on that if it's still available.

Can't remember what the tariff's called!!! ARGH!!

maddipops

it's called Platinum fixed, and it's still available on their website, fixed till 2014

savemoney

why is it prices seem to go up when demand is strong and then come Spring prices drop For past 2 years I have noticed this trend. There is suppose to be a large lag as they buy well in advance or so they claim