MSE News: EDF Energy cuts gas bills by 5%

Former_MSE_Helen

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

"EDF increased its gas bills in November but says it will now cut them after a decline in the wholesale gas price ..."

Read the full story:
EDF Energy cuts gas bills by 5%

Pincher

Only gas down 5% on 7th Feb. Electricity not moving.

Chillimonster

Hmmm.... What happens to those of us that signed up on fixed price deals. Are we stuck with them or...............

It doesn't make that clear.

NPowerUser

Chillimonster wrote: »

Hmmm.... What happens to those of us that signed up on fixed price deals. Are we stuck with them or...............

It doesn't make that clear.

Part the reason why I always look for deals that last 12-15 months on a fixed tariff.

Anything longer and you risk the smell of singed flesh.

BargainMad_3

Only Gas.

Only 5% (a fraction of the rises we have endured).

Obviously those on fixed/price protection ranges not affected and they are normally of the type where there is a very much larger standing charge per day anyway in order to "fix" the unit charge for the set period.

Something tells me they are grabbing the headlines with something that constitutes very little.

macman

Something tells me that EDF know that any cold winter weather will be gone by 7/2/12...
It was inevitable that EDF would do this only after so heavily promoting their fixed tariffs last Autumn.

Tony5101

was announced on BBC Breakfast as a 7% cut (IIRC) - still something is better than nothing. Agree with other posters though..considering the dramatic drop in the gas wholesale cost, this is a poor reduction.

macman

But the wholesale cost is only a proportion of the delivered cost. A 10% wholesale cut does not translate into a 10% retail cost. Delivery costs and all other charges remain the same.

Tony5101

I realise that there are other costs involved...but flipping this around...the very moment that wholesale costs increase, by even a small %age, we find ourselves as the consumer being hit with a much higher %age rise.

I understand what you're saying, but there is absolutely no correlation between the wholesale price rises that suppliers use to justify cost increases to us, and what they pass on either +ve or -ve to the end user.

HalloweenJack

this decrease also shows the usual line spouted about buying far ahead is also total and utter !!!!!!!!.

Chillimonster

Tony5101 wrote: »

I realise that there are other costs involved...but flipping this around...the very moment that wholesale costs increase, by even a small %age, we find ourselves as the consumer being hit with a much higher %age rise.

I understand what you're saying, but there is absolutely no correlation between the wholesale price rises that suppliers use to justify cost increases to us, and what they pass on either +ve or -ve to the end user.

I'd just typed out virtually the same thing, but got called away from my desk before i posted it