British Gas decrease

Cardew

Tripled is not only loyal as you put it but factually correct.

Applying your 'reasoning'(I use the term loosely) the water supply companies should be able to supply us water for nothing - as they pay nothing for water.

BG have made a step in the right direction and reduced prices by a substantial percentage - and yet the same old invective is poured on the company.

tripled

I never commented on whether or not BG has passed the full cuts on, I simply stated that your reasoning is incorrect and suggested a better way of making the comparisons. I don't know whether or not BG cut prices as much as they could have done, they probably haven't, but as you seem so obsessed by it why not go and do some research and then come back with a factual, well reasoned argument?

broxis11

tripled wrote:

I never commented on whether or not BG has passed the full cuts on, I simply stated that your reasoning is incorrect and suggested a better way of making the comparisons. I don't know whether or not BG cut prices as much as they could have done, they probably haven't, but as you seem so obsessed by it why not go and do some research and then come back with a factual, well reasoned argument?

I heard that they haven`t passed it all on, they are waiting to see the reactive price cuts from other companies and assesing the situation again, possibly in September.

masonic

broxis11 wrote:

I heard that they haven`t passed it all on, they are waiting to see the reactive price cuts from other companies and assesing the situation again, possibly in September.

I saw some very shoddy assertion on the BBC news website that because wholesale prices have been reduced by 50%, that should have resulted in a 50% reduction in cost to the customer. However, as tripled quite rightly said, and I quote, "Less than half the price consumers pay for gas is actually for the gas...", so the idea that a 50% reduction was even feasible should be absurd to anyone who gives the subject more than a moments thought.

Perhaps what you heard was based on something similar?

broxis11

masonic wrote:

I saw some very shoddy assertion on the BBC news website that because wholesale prices have been reduced by 50%, that should have resulted in a 50% reduction in cost to the customer. However, as tripled quite rightly said, and I quote, "Less than half the price consumers pay for gas is actually for the gas...", so the idea that a 50% reduction was even feasible should be absurd to anyone who gives the subject more than a moments thought.

Perhaps what you heard was based on something similar?

Lets just say it came from a source who I wouldn`t normally believe but he has been pretty accurate this week.

tripled

Yup, your tips were spot on

broxis11

tripled wrote:

Yup, your tips were spot on

If only my sources were as good with football or horses

Cheers for the thanks :T

tripled

If only my local would cut the beer prices by 17%... it would save me a damn sight more than energy prices lol. Get your source to work on that!

eilz

THIS IS WHAT I GOT FROM EMAIL TODAY (CURRENTLY I AM NOT WITH BG)


Good news - our prices are falling, on average by £160


[FONT=Arial, Helvetica, sans-serif]
Today we are the first major energy supplier in the UK to announce a reduction in our tariffs for residential gas and electricity customers.
From 12th March 2007 we will cut our standard tariffs for:

• gas by 17%
• electricity by 11%

That means the average dual fuel bill will fall by £160 and we'll be the cheapest major gas supplier.
Enjoy our falling prices
If you're a British Gas customer on our standard tariffs you don't need to do a thing, but enjoy our falling prices. We'll automatically update your account for you so there's no need to reply to this email or pick up a phone. We'll handle everything for you.
More information
We'll be informing our customers shortly what the decrease to our prices will mean for them. If you are a customer who has protected your prices please visit our Price Protection information page.
If you have any further questions regarding the information contained in this message, please visit our website and check the frequently asked questions section.
Yours sincerely

Head of Customer Communications
[/FONT]

dc

My totally incorrect post (21a) deleted as I had the percentages the wrong way round. Thus negating my argument.:o

Apologies to tripled as the 17% reduction for gas under the circumstances seems a fair reduction. :beer: