MSE News: Energy price cuts, Npower is latest

danthemoneysavingman

seems that gas suppliers cut their electricity prices, and vice versa... hmmm...

ihateyes

The fact is BG have announced their profit is under threat..... especially as it has been a mild winter so far.

absolute sham.

TIMMY85

jediknight49 wrote: »

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

A duel fuel customer would receive the new prices on their ele, their gas prices will be as they were yesterday.

MoneyMiser

SSE just announced 4.5% cut in gas prices from 26 March.

MM

SnowMan

Press release from SSE for anyone interested is here.

The press release also mentions a new SSE 3 year fixed rate product from March with a 4% premium on unit prices. Is that an indication that SSE are expecting energy prices to stabilise over the next 3 years?

SSE say (spin) in their press release about the small price cut

To make sure that supplies to its customers are secure, SSE buys most of its gas months, and sometimes years, in advance of when it is actually delivered to customers. Virtually all of the gas being supplied to customers this winter was bought some time ago, but some of the gas that will be supplied to customers from the spring onwards has been purchased since the period of lower wholesale prices began. Having analysed and considered the position for some time, SSE is able to announce this reduction in household prices

Compare that to the British Gas spin for not reducing their gas prices which looks a very weak argument given the SSE explanation

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.

Paulgonnabedebtfree

Energy firm Quasicartel have also announced a 5% cut.

penrhyn

Any of the price comparison sites got the new prices up yet?
U Switch did not, Energyhelpline neither.

PS Sir Martin of Lewis is on Radio 5 Live now.

callum9999

SnowMan wrote: »

Press release from SSE for anyone interested is here.

The press release also mentions a new SSE 3 year fixed rate product from March with a 4% premium on unit prices. Is that an indication that SSE are expecting energy prices to stabilise over the next 3 years?

SSE say (spin) in their press release about the small price cut
Compare that to the British Gas spin for not reducing their gas prices which looks a very weak argument given the SSE explanation

Doesn't seem weak to me - just not what you want to hear. They are separate companies and have separate arrangements and strategies in how they buy their gas and electric

timeandtimeagain

Crafty devils at SSE, cut gas at the end of March when it is starting to get warm and gas use for heating goes down.

soothyerboots

customers on economy 7 won't get the reduction!