News on energy price increases

roger56

This may be of interest:
http://www.energyhelpline.com/mhl/news.aspx?tiid=243&p=1

Poppycat

I thought prices were meant to be failling this year after last years increases

roger56

Nice thought - doesn't seem to be.

roger56

Nice thought - doesn't seem to be.

Unless you're on a really bad rate, it's probably worth holding off switching until the dust settles..

Poppycat

I am on a SP capped rate only been on a year cant remember how long is left (have to check) but I am sure it was mentioned that prices wree about to fall in the media but suppliers havent yet passed on the decreases. Wonder why its going up, has the Russian Mafia charging more to its suppliers?

notbritishgas

I quote from todays Daily express page 2
"Scottish and Southern energy, British Gas and Npower will all raise prices over the next week"
And on page 12
"Scottish and Southern Energy, British Gas and npower will increase their prices by as much as 40 percent in the next few days"
Are they well informed or scaremongering.
Happy New Year!

hurrah

Scottish and Southern announced their price increase from the beginning of 2007, ages ago.

notbritishgas

Yes I agree Scottish and Southern did the decent thing by giving plenty of notice and indeed British Gas have already announced Click energy increases, but from npower there has been a deafening silence. My point was whether the impending npower increases (according to the D Express) are in fact genuine.

lisyloo

I thought prices were meant to be failling this year after last years increases

I think prices will be falling from about spring onwards.
However energy is bought in advance so energy being used now was bought at prices several months ago.
Therefore there will be a lag before they fall.

I think these current increase were already "in the pipeline" as it were.

utilitybroker

notbritishgas wrote:

Yes I agree Scottish and Southern did the decent thing by giving plenty of notice and indeed British Gas have already announced Click energy increases, but from npower there has been a deafening silence. My point was whether the impending npower increases (according to the D Express) are in fact genuine.

I have dug up some more info on the N Power price increase here.

http://www.thisismoney.co.uk/consumer/bills/article.html?in_article_id=415974&in_page_id=510

"Finally, npower is jacking up the price of its Gas Guardian Tariff – the plan launched to tempt disaffected British gas customers – with 39½% increases planned "

notbritishgas

utilitybroker
thanks for info.at least it is not an across the board increase from npower.