MSE News: Energy price cuts, Npower is latest

Former_MSE_Helen

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

"British Gas has today announced an average 5% reduction in its standard domestic electricity prices ..."

Read the full story:
British Gas cuts electricity prices by 5%

Also see:
SSE to cut gas prices by 4.5%

And
Npower to cut gas prices by 5%

Swipe

No gas price cut?

SnowMan

British Gas press release here

http://www.britishgasnewsroom.co.uk/2012/01/british-gas-customers-to-benefit-from-immediate-5-cut-in-standard-electricity-prices/

jd87

Swipe wrote: »

No gas price cut?

Given that EDF cut their gas, it would be far too straightforward for British Gas to do the same. It's all about confusion marketing remember.

HalloweenJack

BG price increase 16% 6 months ago - so a 5% drop is hardly anything

SnowMan

Swipe wrote: »

No gas price cut?

From the press release

Why haven’t you reduced gas prices as well?

British Gas serves half the homes in Britain. We have to buy energy in advance to protect our customers against any sharp spikes in prices – like we saw last winter. While there have been some short-term falls in the cost of gas, the longer term trend continues to be upward.

MoneyMiser

HalloweenJack wrote: »

BG price increase 16% 6 months ago - so a 5% drop is hardly anything

Exactly!!

Now that they have raked it in over the winter period, albeit not as much as they had hoped due to the milder winter we had, this is nothing more than a positive PR stunt.

MM

Pincher

Obviously it's a double dip publicity stunt.
In a few weeks, BG will announce a gas price drop, but effective after winter is finished.

jediknight49

No reduction on gas, and elect 5% reduction not applicable to dual fuel users. Is that correct?

Totality

HalloweenJack wrote: »

BG price increase 16% 6 months ago - so a 5% drop is hardly anything

This.

I also love how MSE spent months (years?) telling us all to switch and join fixed tariffs...which won't benefit from any cuts.

HalloweenJack

i switched last year to EDF 2014 - which is still 10% cheaper than the post cut gas price... for the next 2 1/2 years!