Powergen price drop

edited 30 November -1 at 1:00AM in Energy
10 replies 957 views
gazhawkinsgazhawkins Forumite
236 Posts
edited 30 November -1 at 1:00AM in Energy
According to the BBC's "Working Lunch", Powergen are to reduce their gas prices by 16% and electricity by 5%.

EdF and Scottish & Southern Electric are due to announce their price decreases shortly.

:T

Replies

  • GalGal Forumite
    437 Posts
    gazhawkins wrote:
    According to the BBC's "Working Lunch", Powergen are to reduce their gas prices by 16% and electricity by 5%.

    EdF and Scottish & Southern Electric are due to announce their price decreases shortly.

    :T

    Prices are to come down on April 30th - All customers currently with powergen will receive a letter in the next 6 weeks with there new prices.

    Staywarm Standard users will see a 5% reduction - Users classed as medium and high users will not.

    Capped prices on Versions 8,9.10 and 11 will see reductions as well - Although i would strongly suggest checking your reductions when your letters start to arrive as this varies greatly over the different versions.
  • What will happen to the customers on EnergyOnline Extra Saver, will they get the price reductions recently announced on top off the discount this tariff brings.

    I emailed powergen about seven days ago asking to be put on the EnergyOnline Extra Saver tariff but haven't heard anything yet.
  • Gas coming down on the 30th April - a cunning bit of PR to say things are reducing but still sting us for the Winter months of higher Gas Consumption at the old rates by waiting to the beginning of May.

    Although incredibly naughty, I would suggest that Powergen people withl bills before then and whom provide the meter reads (like with the on-line tariffs) accidently understate their meter reads / usage for this period and correct it in the future quarter and hopefully pay for a proportion of the gas they use in the Winter at the new lower prices.

    (Puts on flameproof suit..)
  • Amyface, naughty naughty. Fine if your meter is inside and the reading is more when they next read it, but if your meter is outside and they get a higher reading, it will be adjusted in your next bill.

    I would suggest that you read the meter on 30 april and when you get the next bill, if the estimate present reading for the price increase is lower then give them a ring or email with the reading you took 30 april.
  • GalGal Forumite
    437 Posts
    The energyonline will probably reduce as well - As they tend to follow suit with domestic prices.

    As for Amyface - It would look slightly stupid if people decide to put there readings through at the lower rate and then have there meter read that day as well - So my suggestion would be to enter your readings on the 30th April so that your guaranteed not to be overcharged in the current period.

    And as for winter usage etc - Powergen service 6 million domestic accounts so it takes a while to get letters sent out to all customers with there upto date prices from the 30th April onwards. So realistically its a timescale that allows for all customers to recieve there upto date prices and for PP meters to be updated with new prices as well.

    Its not a case of them just trying to get money out of people because there are products that are already lower then proposed prices from bgas in march - just customers need to call in and ask to be swapped over to them.

    Anyways enough babbling thats the reason although I am sure some people will doubt that.
  • amyfaceamyface Forumite
    84 Posts
    Come on Gal - you must surely work for Powergen or they must have something on you if you believe they dont think about profit when they make these decisions. I can't swallow the fact that this not a consideration when deciding when to be reducing prices.

    If it was purely about having necessary lead in times then did they wake up one day this week and just decide to decrease bills; of course not, they'll have known for weeks what their plans are and surely an organisation of such magnitude could get wheels in motion much quicker than two months from announcement and no doubt three months from deciding about changing.

    Or are Scottish and Southern Energy just amazingly efficient in being able to announce price reductions on 28th February, with effect from 1st March?
  • GalGal Forumite
    437 Posts
    amyface wrote:
    Come on Gal - you must surely work for Powergen or they must have something on you if you believe they dont think about profit when they make these decisions. I can't swallow the fact that this not a consideration when deciding when to be reducing prices.

    If it was purely about having necessary lead in times then did they wake up one day this week and just decide to decrease bills; of course not, they'll have known for weeks what their plans are and surely an organisation of such magnitude could get wheels in motion much quicker than two months from announcement and no doubt three months from deciding about changing.

    Or are Scottish and Southern Energy just amazingly efficient in being able to announce price reductions on 28th February, with effect from 1st March?

    I've never hidden the fact I work for powergen - Sure most people will back me up on that one.

    And correct me if I am wrong but doesn't SSEs decrease only come into effect after there customers receieve there next bill? So someone who got there bill on the 27th February is not going to actually have the decrease applied until there May?

    Which in theory means its later then powergens decrease.

    What makes you think I know everything about how efficent powergen are at applying decreases - Maybe because of the amount of customers they have its only fair to send them a notification of there prices going down and what they should be? If you have a problem then by all means take it up with powergen I am simply stating what we have been told when we asked exactly the same question.

    What about the huge rise in wholesale gas prices over the past 2 years? 137% at last figures. All suppliers haven't thrown your prices up 137%. If we take your basis - If prices were to shoot up 300% tomorrow should suppliers put your prices up in 2 days? Or should they give you advance warning. You would gladly except a warning when prices go up - But as soon as a reduction occurs you want that the same day?

    Unfortunately it doesn't work like that - And the questions about why does it take so long were asked by pretty much everyone that was breifed so we know exactly how you feel.
  • GalGal Forumite
    437 Posts
    Oh and Energyonline prices will be reduced on the 30th April as well for whoever asked about that :)
  • jem16jem16 Forumite
    19.1K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    Gal wrote:
    Staywarm Standard users will see a 5% reduction - Users classed as medium and high users will not.

    I just switched my parents from Staywarm onto Energy Online Extra Saver as their Staywarm prices were just about to go up by £30pm to £122.50. I was told there would be no decrease in their Staywarm prices so presumably they must have been classed as medium of high users? What consumption is classed as medium and high?

    Their new tariff will be £87.32 - a big difference.
  • GalGal Forumite
    437 Posts
    I think its on ofgem figures which are 3,300kWh for Electric and 22,500kWh for Gas. (Gas I'm not 100% sure on).

    Medium and High Users will see a partial reduction on there renewal figurs at the end of there contracts.
This discussion has been closed.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals