Rejecting BG's price increases

Smoobo2

I have the feeling that I have previously read in the weekly email that, when your current supplier informs you of a price rise, you can reject it, and keep paying the current (pre-increase) price whilst you move to a different supplier. I can't find any mention of this now I want to, though! Did I just dream it, or can anyone out there confirm my recollection? I have already applied to switch from British Gas, but doubt that it will be completed by the time the price rises announced today come in, in December.

Premier_2

You'll find it in their terms & conditions.

e.g term 7.2 if you are on standard fuel

http://www.britishgas.co.uk/products-and-services/energy/our-tariffs/standard/terms-and-conditions.html

davidgmmafan

Check T & C's but I believe its about 28 days, and the new supplier has to contact them pronto if the contract is already in place then that part shouldn't be a problem.

Yellowcard

BG has confirmed that if you do wish to change you can do so and during the switch you will be chagred the for existing tariff rates.

But before you make any rash decisions be aware other suppliers are almost certainly going to rise aswell.

Premier_2

Yellowcard wrote: »

...But before you make any rash decisions be aware other suppliers are almost certainly going to rise aswell.

Ebico said on 29 October (when SSE gave notice of an increase) that they have no intention at this time of changing their prices

EDF has also issued a statement to say they do not plan to increase their prices before next spring at the earliest.

evanjonesaber

Premier wrote: »

Ebico said on 29 October (when SSE gave notice of an increase) that they have no intention at this time of changing their prices

EDF has also issued a statement to say they do not plan to increase their prices before next spring at the earliest.

You wait til you see EDF's price rise in april! They will make such a loss over the winter that I am positive they will have a larger price increase than 7% come next spring. It's simple business mathematics.

Mr_K

evanjonesaber wrote: »

You wait til you see EDF's price rise in april! They will make such a loss over the winter that I am positive they will have a larger price increase than 7% come next spring. It's simple business mathematics.

If they did that you reject their rise and switch again. All the time accumulating cashback deals for each switch. A slight hassle but worth it to get the best deal over winter. The only catch is possible cancellation charges, which they are now all suddenly keen on (wonder why ?), but in my experience cashback for switching can exceed any charges.

Yellowcard

Premier wrote: »

Ebico said on 29 October (when SSE gave notice of an increase) that they have no intention at this time of changing their prices

EDF has also issued a statement to say they do not plan to increase their prices before next spring at the earliest.

British Gas said around the sametime that they were going to hold off increasing them for aslong as they could, a company saying that have no intention at that time to increase prices is hardly news.

EDF are clearly selling gas at a loss for some reason and reckon that this announcement is going to pull in enough new customers to cover it and frankly i don't think it will, also they have their parent company which if memory serves correct is dominant in the french energy market the same way the gasboard and electricity board used to be so naturally money is going to come from them to make up for losses, in my opinion come next March or whenever they said they'll hold off till prices are going to shoot up beyond the other suppliers, and also not forgetting they already rose gas and ele by a couple of percent recently too.

Pincher

EDF can get their electricity from France, presumably.

Also, they might have bought gas futures before the so-called
"rise in the wholesale market"

backfoot

You can reject the price increase within a 10 day period from the point that they notify you of it in writing.

I can't see that BG will be at all competitive with these new rates.
For my dual fuel, the comparison with EDF is stark.

EDF Online Saver 7 £1701 (In addition there is a £100 welcome bonus.)

BG Web Saver10 £1902

So the saving is £301.

Against BG's standard tariff the saving is £537.

No brainer

Plushchris

Pincher wrote: »

EDF can get their electricity from France, presumably.

How would they do that?