We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
grace period
npower have just announced that they are introducing a standing charge for gas supply - they have done this to "simplify" billing, it's now going to cost me an extra £165 a year for the priviledge of buying gas from them. I have notified them that I have declined to accept the increase and have contacted a supplier that does not have a standing charge. Does anyone know how long a grace period I have in order to effect that change of supplier before npower can start billing me for a standing charge? Thanks.
0
Comments
-
The letter tells you. If you notify them before the end of April and start the switch on the same day you can stay on the old tariff until the switch is complete.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
0 -
Thank you, but there are no details about notifying them before the end of April in the letter they sent. Nor could they answer my question when I rang them.0
-
.... I assume that there is a statutory length of time that a utility supplier must allow in order for customers to move before they can effect a price rise. I have a hunch it's 60 days but it's only a hunch.0
-
It's not going to cost you £165 extra, because the unit rates you pay on an SC tariff are lower. Unless you are a very low user it should make no difference.No free lunch, and no free laptop
0 -
I AM a very low gas user - I only use electricity! That's why it's going to cost an extra £165.0
-
OK. Then you are not actually 'buying gas from them'. But you are costing them money in metering, reading, billing and network maintenance.
Why not have the supply capped off and the meter removed?No free lunch, and no free laptop
0 -
It's my understanding, ( though I've searched Ofgems web site for confirmation without success ), that the Switch from NSC tariffs where the Service Charge was collected by way of a fixed number of annual units at a higher price, to all companies offering only a Daily Service charge tariff, is part of Ofgems drive for simpler billing where all suppliers are singing from the same hymn sheet.
For customers stuck like you, have a look at EBICO who were good for low users as they never specifically made a Service Charge, but charged all units at a higher price and may be unaffected by Ofgems wishes0 -
Npower is a bit strange in that they pay you to have an unused gas supply so I've been getting £105 back every year for having both gas and electricity and now I'm being asked to pay £156 more each year. It's not worth capping it off. I'll be switching to Ebico and have no charge instead and lose the £60 or so dual fuel discount with Npower....but keep the electric with Npower if it's the cheapest at the end of April.OK. Then you are not actually 'buying gas from them'. But you are costing them money in metering, reading, billing and network maintenance.
Why not have the supply capped off and the meter removed?:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
0 -
(And the trouble with Ebico is they are 50% more expensive for the not-targetted market. (And you can spin the calculations to show them to be 500% more expensive than npower's NSC tariffs.))0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards