MSE News: Scottish Power to hike energy prices

KimYeovil

RWAP wrote: »

It always makes me laugh as to how they work out the average price increase - some people must be very lucky and have only a small increase (or maybe they factor in the people on fixed tarrifs who will not see any increase)!

Certainly the headline figures are laughable.
My mother is on Online Saver 12 at the moment and will see the following price rises:

Electricity:
First xx units - increase from 16.699p to 21.558p (29.1%)
Remainder - increase from 7.216p to 10.664p (a whopping 47.8%)

Gas
First xx units - increase from 4.865p to 7.541p (a whopping 55%)
Remainder - increase from 2.777p to 3.457p (24.5%)

Makes the press release of an average 19% price hike laughable.

This is probably where trading standards and the ASA need to get involved !:mad:

You sort of have this the wrong way round - it is those who face only the headline 10%/19% bumps who have the bad end of the stick - they have been subsidising the cheaper prices your mother has been paying.

The headline figures are true and accurate (and laughable). What the authorities have to stop is the 40 to 50% price differential that different customers pay for the exact same product. Unfortunately the noises from Ofgem are that they are not likely to do this.

swatkins88

ed123 wrote: »

......ie to run from 1st August without incurring the £50 exit charge and I assume this would be at current rates (ie even if fixed deals increase by 1st August)?...thanks Ed ( I was thinking of the Online Energy Saver 14)

i've had the fee waved but the tariff is implemented from tomorrow with fixed rates (unless prices drop - which i highly doubt) .

key question is how long this window is avaliable before tariff is scrapped and whether it is the right decision? possibly other companies have better fixed rates at moment and you can justify the termiantion fee. Alternatively, Scottish Power may have a better plan for you or could bring something better out in the future.

the benefit I have now, is that I know my costs until teh cap expires.

imho

I did it online in the end and the Capped deal i am on now doesnt run out till Sept so hope they just switch without charging £50.They owe me £359 because they put the Standing Order up by £50 last year for no reason at all but they did put it down last month to what it was before.

elektra

RWAP wrote: »

It always makes me laugh as to how they work out the average price increase - some people must be very lucky and have only a small increase (or maybe they factor in the people on fixed tarrifs who will not see any increase)!

Certainly the headline figures are laughable.
My mother is on Online Saver 12 at the moment and will see the following price rises:

Electricity:
First xx units - increase from 16.699p to 21.558p (29.1%)
Remainder - increase from 7.216p to 10.664p (a whopping 47.8%)

Gas
First xx units - increase from 4.865p to 7.541p (a whopping 55%)
Remainder - increase from 2.777p to 3.457p (24.5%)

Makes the press release of an average 19% price hike laughable.

This is probably where trading standards and the ASA need to get involved !:mad:

I'm on OES12 till Feb2012 and ny increases will be

Electricity:
First xx units - increase from 16.332p to 22.214p (36%)
Remainder - increase from 9.472p to 10.681p (12.8%)

Gas
First xx units - increase from 5.067p to 7.621p (a whopping 50.5%)
Remainder - increase from 2.476p to 3.500 (a whopping 41.5%)


Sigh - and I was happy with Gas with Ebico before, paying on receipt of bill. Now I'm paying SP upfront thru summer for gas

I'll wait to see what other companies do before thinking whether exit fee worth paying.
Even if I leave it to run till Feb 2012, I presume if I initiate switch before end of term I will pay exit fee ? so you are still stung by having to go on stanard tariff whilst switch occurs.

LTS_3

Looked at my latest SP bill and my monthly payments have gone from £56 to £76!! I am on "Capped Price Energy Sept 2012"

Just spent an hour on comparison sites and speaking to an EDF guy on their chat facility - have swapped to them on their "Fixed S@ver Version 2" package, saving £216 with fixed prices until Sept 2012

Will cost me £50 to leave ScottishPower (from what I can find on google), but still, saving over £150 in the next year than if I hadn't have bothered

antrouser

I'm on Online Energy Saver 12 so I just looked up the new prices on the SP website and worked out the increase for my own gas and elecy use. It comes out at an astonishing 44% (I'm a heavy gas user and light electricity user because I have some solar panels). That is an outrageous, extortionate rip-off, and as a result Scottish Power join the short list of companies with whom I will not do business. I have initiated the switch today to npower's capped tariff which is the cheapest for me on energyhelpline, though still £100/year more expensive than the current OE12. If I have to pay the £51 cancellation fee to SP so be it, but I would hope to avoid it because npower probably won't have got round to contacting SP before SP send the formal tariff change notice, and if they haven't then I can formally reject the SP increase, I think.

I do have a way to punish SP which is that I can leave them paying me the feed-in tariff for my panels (this is separate to the gas/elecy bill) so in years to come they will have to pay me, every year, but I will never pay them.

Scott0966

pck1 wrote: »

Hi,

a month ago when British Gas announced a price increase i took this websites advice, and changed my supplier using Simply Switch, which recommended Scottish Power as best supplier for me going off my annual usage.

Signed up to their Online Energy Saver 14 tarrif

Thanks a lot for that. :mad:

There's no change to that tariff

I can't post the link as I'm a new poster but have a look on the Scottish Power website.

You're already paying over the odds!

Wobblydeb

KimYeovil wrote: »

You sort of have this the wrong way round - it is those who face only the headline 10%/19% bumps who have the bad end of the stick - they have been subsidising the cheaper prices your mother has been paying.

Got to disagree with you here. If I've researched and found a decent deal, I do not like seeing a price increase ON A DEAL I AM TIED INTO totalling 34%!!! :mad: (Thank you Online Energy Saver 12)

antrouser wrote: »

I'm on Online Energy Saver 12 so I just looked up the new prices on the SP website and worked out the increase for my own gas and elecy use. It comes out at an astonishing 44% (I'm a heavy gas user and light electricity user because I have some solar panels). That is an outrageous, extortionate rip-off, and as a result Scottish Power join the short list of companies with whom I will not do business. I have initiated the switch today to npower's capped tariff which is the cheapest for me on energyhelpline, though still £100/year more expensive than the current OE12. If I have to pay the £51 cancellation fee to SP so be it, but I would hope to avoid it because npower probably won't have got round to contacting SP before SP send the formal tariff change notice, and if they haven't then I can formally reject the SP increase, I think.

I do have a way to punish SP which is that I can leave them paying me the feed-in tariff for my panels (this is separate to the gas/elecy bill) so in years to come they will have to pay me, every year, but I will never pay them.

Totally agree with you. I don't mind sensible increases, but to announce 10% and 19% (which are high enough anyway) and then try and sneak up to 52% through on a deal you are tied into is appalling... :mad:

If I work out my last bill again using the new prices (and reduced primary limits) it goes from £354 to £476 - a 34% increase! :mad:

jstallan

Wobblydeb wrote: »

If I work out my last bill again using the new prices (and reduced primary limits) it goes from £354 to £476 - a 34% increase! :mad:

On the same tarrif and my bill goes from £175 to £240 :mad::mad:

Can't decide between the capped 2013 deal and the fixed 2014 deal (free boiler cover+service)......

cuddles123

I have just spoken to SP and confirmed that ...

A. You have 30 days from notification of the price change to reject the new prices and move to a new supplier without incurring any penalties.

B. You can stay with SP and move from one tarrif to another without incurring amy penalties.

C. They have no plans to scrap the capped rate deals.

After doing some sums, I have moved to the capped rate until 2013 with no standing charges. All the comparison sites said that this was the cheapest capped rate, and I'm not prepared to take a chance on other prices.