MSE News: British Gas says price rises are likely

Former_MSE_Helen

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

"British Gas today indicated in both its company interim report and at a conference that price rises were likely"

Read the full story:
British Gas says price rises are likely

Gerrard_8_lfc

I hope the work done in producing these stories are done by volunteers as paying a wage for repeated old news. We knew this information weeks ago. sigh.

billsavings

Increase could be Friday see Martin MSE recent Twitter on the subject . http://twitter.com/#!/MartinSLewis/status/85734134739243008

Ypaymore

billsavings wrote: »

Increase could be Friday see Martin MSE recent Twitter on the subject . http://twitter.com/#!/MartinSLewis/status/85734134739243008

Not long to wait and see.

Butterfly_Brain

Tried to fix price today and they want a 19% premium for a year fix or a 25% premium for a 2 year fix :eek::eek::eek: needless to say I declined :eek: bloody scary especially if you are on a low income.:mad::mad::mad:

plumber2009

Shock horror. Prices rising again.

This does not suppries me one bit. Only within the last week western goverments pooled together to increase the flow of crude supply into global markets to reduce the price yet energy prices increase. Yet when prices drop the savings are never passed onto customers but price rises are allways passed on.

Why don't the goverment nationalise the energy market in this country as they would earn a fortune?

davidgmmafan

I'll field this one.

1. We're being ripped off (with no international comparison such assertions are meaningless).

2. They should renationalise it (is the world now the same as when such things were nationalised?).

3. They should be forced to keep prices down (can any business be compelled to sell at a loss).

There's both sides of the most common complaints, discuss

swordfysh

Having been on British Gas's Click 6, until they stopped it in June, I've looked around and it currently looks like npower's Go Fix 6 is the best tariff for medium to high users.

...and if you are thinking of switching, a rule of thumb seems to be that Gas companies have the best electricity prices and Electricity companies have the best gas prices. (Because when they became power companies all the Gas companies had Gas customers and no electric customers and vice versa - they are simply trying to balance their customer base)

sunflower_2

swordfysh wrote: »

Having been on British Gas's Click 6, until they stopped it in June, I've looked around and it currently looks like npower's Go Fix 6 is the best tariff for medium to high users.

...and if you are thinking of switching, a rule of thumb seems to be that Gas companies have the best electricity prices and Electricity companies have the best gas prices. (Because when they became power companies all the Gas companies had Gas customers and no electric customers and vice versa - they are simply trying to balance their customer base)

its to do with competition laws.

e.g. elec suppliers cant reduce their elec lower than a certain amount as consumers wouldnt bother switching. they needed to encourage consumers to move around to get the market moving

Devils-Advocate_3

davidgmmafan wrote: »

I'll field this one.

1. We're being ripped off (with no international comparison such assertions are meaningless).

2. They should renationalise it (is the world now the same as when such things were nationalised?).

3. They should be forced to keep prices down (can any business be compelled to sell at a loss).

There's both sides of the most common complaints, discuss

And why the hell should a company sell at a loss. It is a business.
Jeez.

markharding557

davidgmmafan wrote: »

I'll field this one.

1. We're being ripped off (with no international comparison such assertions are meaningless).

2. They should renationalise it (is the world now the same as when such things were nationalised?).

3. They should be forced to keep prices down (can any business be compelled to sell at a loss).

There's both sides of the most common complaints, discuss

No company can operate at a loss however it should be transparent,tariffs and bills simple to understand and restrictions on excess profiteering.