British gas prices down 17%

gord115

Just heard British gas are putting prices down 17%.
How soon 'till rest follow suit?

gzed

Southern electric has also announced a drop in price but we're yet to know by how much and when.

katiep_2

Does that mean we should hold off switching? I was looking into it literally yesterday, but I'm wondering if I should hold off for a week or two to see if other providors follow suit?

barjam_2

i hope they do follow suit i've just literally switched to ebico:mad:

Ken68

Can't see the fixed cappers being happy.
B.G will probably give out a loyalty bonus.

BBB

thank christ for that

gt94sss2

British Gas has said it will reduce its gas and electricity prices next month.

The group says it will cut gas prices by 17% and electricity by 11%. It added that the average annual dual fuel bill would fall by £167 to £953.

http://news.bbc.co.uk/1/hi/business/6341185.stm

Regards
Sunil

Beate

http://uk.news.yahoo.com/hot/e/energy.html

I must say though that however much BG go down in price I would NEVER go back to them. I only had to deal with them for a couple of months as I inherited them from former tenants so I had to sign up with them while at the same time ringing my old supplier to orchestrate a handover. And during that short period of time BG managed to get just about everything wrong, so for that appaling customer service alone they get the thumbs down from me anytime - and do we really think the service will get better if the prices go down? On the contrary, dear Watson.

Cardew

Ken68 wrote:

Can't see the fixed cappers being happy.

Why?

Those on BG Fixed to April 2010 have rates more than 17% lower than BG Standard tariff.

Those on the later versions can switch without penalty if the new rates are better than theirs - and they will have gained some money over the past few months.

There is also the question of how long these rates will stay reduced - still some time before we reach 2009 or 2010.

It is all round good news in than nobody loses anything and a lot of people gain. It doesn't hurt those who were getting their gas/electricty, say, 30% cheaper to be now getting it 13% cheaper.

dc

A not very good ploy to mainly stop the rush of customers leaving, brought forward from the previously announced "in the Spring" reduction.

17%,..... when they are paying more than 50% less at their end:rolleyes: :rolleyes2 , you cannot but help admire their generosity.


PS Barjam said "
i hope they do follow suit i've just literally switched to ebico:mad:"

I doubt if they will beat Ebico price even with the reduction, so why worry.

metrobus

so what will be their new tarriffs with these reductions ?

ebico are 2.55p gas inc vat

11.35p electric inc vat (south wales)

both with no standing charge,how do these compare to the new BG price format?

Thank you.