MSE News: Scottish Power to hike energy prices

2791trauts

We've looked at fixing tonight, we're with BG and their fixed rate tarriff is fixed at a 19% premium on top of their current standard tariff rates. I'm wondering if switching to a fixed tarrif is a false economy because when the price hike comes unless it's more than 19% on both fuels then all switching to a fixed tarrif will do is end up costing us more!

I tried u-switch but all the fixed rate tarrifs on there would end up costing considerably more also.

SnowWhiterThanWhite

Radionotme wrote: »

I switched to Scottish power last October. I'm on their Online energy saver 10 tariff.

How do I find out if I can switch or not, and if there's a penalty - and of course how much that penalty would be?

Same here!
I've still got the leaflet from when I switched, and the only comment I can see about cancellation is:
£30 electricity & £20 gas if you cancel your supply contract or switch to another tariff before 31st October 2011

I am keeping a close eye on my usage, which is actually slightly lower than the same period 12 months previously, but it looks like I am paying far more, even though all the comparison sites & SP themselves were adament they could save me at least £200 per year.

Wish I hadn't bothered switching - may even pay the £50 to get out & go elsewhere.

m0j00

Just checked the new prices on the website as im on scottish power online saver 10.Electric will go up 26.6% and gas 51% for me.
Unless i got the figures wrong somewhere, i think its time to swap.

Radionotme

Even with these increases though, I think I'm actually better off sticking.
I'm on online saver 10, and my recent figures are:
Elec
129kWh + 441kWh secondary at 7.216p
44kWh + 175kWh primary at 16.697p

Gas
734kWh + 2311kWh secondary at 2.458p
132kWh + 521kWh at 4.865p

This gives me totals of £77.70 for elec and £106.61 for gas.

Going here for the Scottish Power fixed prices:
http://www.scottishpower.co.uk/pdf/platinum-fixed-v3.pdf
Then using the non-standing charges prices I get:

Elec
345kWh secondary at 11.652p
225kWh primary at 27.280p

Gas
3028kWh secondary at 2.908p
670kWh primary at 9.45p
A grand total of 101.58 for elec and £151.37 for gas.

Even increasing my bill by 25% only takes me to £230 39 vs the fixed price tariff of £252.95. My bill would have to rise by over 37% to make the fix worthwhile.

Have I got my sums right??

m0j00

Id check the new prices on sp website and compare with those.

top_banana

maddipops wrote: »

Fixonline 9 with eon sitting pretty till 1st March 2012 on great prices, but after that, It looks like my prices will increase by about 40-50%!!!! maybe I need to look for a 3-4 year fixed deal and bite the bullet now

Same here... thinking what is best to do????

Radionotme

I'd love to - but I can't find Online Energy Saver 10 in the booklet:
http://www.scottishpower.co.uk/PDF/DomesticStandardPricesv1.pdf

SnowWhiterThanWhite

From the web-site:
ScottishPower Price Announcement

You may have seen in the news recently that rising prices have been making the headlines.
Prices for many things, from food to petrol, have gone up. Wholesale energy prices have been rising dramatically too, and although we've been doing what we can to absorb these costs for as long as possible, our domestic prices will increase from the 1st August 2011.
We will notify affected customers from 11th June 2011, giving at least 30 days notice before price changes are due to take effect and will advise on available options.

m0j00

Radionotme wrote: »

I'd love to - but I can't find Online Energy Saver 10 in the booklet:
http://www.scottishpower.co.uk/PDF/DomesticStandardPricesv1.pdf

here is a link to onlive saver 10

http://www.scottishpower.co.uk/PDF/OLESaver10_v2.pdf

Radionotme

Thanks - it's the gas that really hurts then, as now I'm better off switching for gas, but better off sticking for electricity:

225 * 21.558
345 * 10.664
85.30

670 * 7.541
3028 * 3.457
155.2