Gas and electricity suppliers frontloading price hikes
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I didn't know about this till seeing a recent Watchdog.
Think your power is just going up by 11% or so? Think again.
In the case of Scottish Power for example the consumer is being hit by a 30% rise for the first units.
http://www.bbc.co.uk/blogs/watchdog/2011/09/energy_costs_update.html
Think your power is just going up by 11% or so? Think again.
In the case of Scottish Power for example the consumer is being hit by a 30% rise for the first units.
http://www.bbc.co.uk/blogs/watchdog/2011/09/energy_costs_update.html
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Comments
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But the first tier units (225) represent less than a quarter of the bill for the average user consuming around 4,000kWh pa. So if the tier 2 rates hardly rise at all, the overall increase would be less than 11%.No free lunch, and no free laptop0
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The problem is for those who are normally careful, live in a small property and consume a lot less than average. Like me!0
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The formula that the suppliers use to publish their percetnage increases is agreed with OFGEM to provide what is deemed to be an 'average' increase for an 'average' user.IT Consultant in the utilities industry specialising in the retail electricity market.
4 Credit Card and 1 Loan PPI claims settled for £26k, 1 rejected (Opus).0
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