All homes to be put on cheapest energy deal?

Cardew

Wywth wrote: »

Have you switched to Ebico yet? :cool:

Probably not the cheapest for you, but do appear to follow your ideals better than any other supplier - same price for all, no matter how they pay :T

The biggest gainers with Ebico were those low consumption customers on pre-pay meters when pre-pay tariffs with the Big 6 were considerably more expensive than their other tariffs.

Now Ebico is only competitive for very low consumption customers.

On the subject of Comparison websites, surely you must agree that they are parasitic and add many £millions to the Utility companies' costs.

Cardew

sacsquacco wrote: »

Theres a vast number of people on eco 7 tariffs who should nt be. The old night storage heaters are long gone with them but they remain on these meters and tariffs. They have not been informed by any supplier about going on single rate tariff. I wonder if this new legislation includes the suppliers informing them of this situation because they are obviously not on the cheapest tariffs for their now minimal nighttime use of maybe less than one unit in the 7 hours. I have asked OFGEM about this but as usual havent had the courtesy of a reply. The same sort of thing applys to people who use no gas, will they be automatically switched to no standing charge tariffs

Even worse off are those people with properties wired for the old 'white meter' style economy 7.

These properties only get E7 cheap rate for storage heaters and immersion(which they no longer have with their gas combi!) and pay the higher daytime E7 rate 24/7.

If the 'break even' point on a E7 tariff is, say, 25% off peak usage, then all customers using less than that amount should at least have a warning letter.

techspec

Those who couldn't be bothered to switch will pay the same (as this will be the level they set) and those on cheap deals will see them scrapped and will pay a lot more.

Cheers Dave! :mad:

grahamc2003

techspec wrote: »

Those who couldn't be bothered to switch will pay the same (as this will be the level they set) and those on cheap deals will see them scrapped and will pay a lot more.

Cheers Dave! :mad:

How do you work that out? I'd say - all other things being equal - those being ripped off on the standard tariff will pay a little less due to these measures. Sure, those on cheap tariffs will likely pay more, but the saving due to diminished switching may even mean their increases will be minimal.

Put another way, due to these measures, the average bill will be the same, but the variation around the average will be less. Indirectly the average may drop a little due to supplier savings from switching costs.

Undoubtably, bills will rise rapidly from here on for reasons totally unconnected to the current proposals, and many will attribute those rises to these current changes instead of the real reasons - and I expect many people will be happy with that misunderstanding.

techspec

grahamc2003 wrote: »

How do you work that out? I'd say - all other things being equal - those being ripped off on the standard tariff will pay a little less due to these measures. Sure, those on cheap tariffs will likely pay more, but the saving due to diminished switching may even mean their increases will be minimal.

Put another way, due to these measures, the average bill will be the same, but the variation around the average will be less. Indirectly the average may drop a little due to supplier savings from switching costs.

Undoubtably, bills will rise rapidly from here on for reasons totally unconnected to the current proposals, and many will attribute those rises to these current changes instead of the real reasons - and I expect many people will be happy with that misunderstanding.

You really think the deals they remove will be the dearer ones?

None of the top tarifs, including standard will go down. There is nothing in the rules that says they have to lower any prices.

TBH - they might aswell do away with all but the standard - and put us all on that. The Utliity companies will be wringing their hands with joy. Less competition = more profits.

cepheus

If this man can't work it out, give up, it's all too complicated!

[Deleted User]

cepheus wrote: »

If this man can't work it out, give up, it's all too complicated!

I agree cepheus, the same thing with last years winner of Mastermind when BBC Watchdog did a piece on understanding a two tier electric bill, he was struggling to fathom it. I meet people all day who dont have the faintest idea about tariffs, kwhrs, eco 7 meters,prepay meters being expensive, or standard tariff being pricey. The public are, in the main, in the dark. I just hope this new legislation is going to push the suppliers to stop freeloading on peoples ignorance