MSE News: British Gas hikes energy prices by 9.2%

Nada666

ihateyes wrote: »

prices are all regionalised.
im central scotland and BG is cheapest for electric for me.

British Gas will be cheaper for electricity in many regions. They have obligations on their gas side to fund all sorts of expensive rigmaroles. As such they can only achieve competitive prices through low electricity prices.

A similar thing happens with regional electricity suppliers but it only happens with them in their original region rather than nationally.

CRISPIANNE3

savemoney wrote: »

A fix tarrif only gives you peace of mind it might not necessary be cheaper in long run it always a gamble sometimes it may pay off sometimes it doesn't

In my case just for gas alone it will costs me £142.80 extra per year for price fix to March 2016. Electric will be £126.75 extra per year a whooping £268 extra based on my usage a year

We also have the added advantage of open coal fires in our Victorian house.

Also by being on a fixed tariff It helps with our budgeting.

savemoney

True it can help budgeting

I too have a open fire unused just for show but do use a multi stove mainly burn seasoned logs and briquettes

CRISPIANNE3 wrote: »

We also have the added advantage of open coal fires in our Victorian house.

Also by being on a fixed tariff It helps with our budgeting.

Bark01

Nada666 wrote: »

British Gas will be cheaper for electricity in many regions. They have obligations on their gas side to fund all sorts of expensive rigmaroles. As such they can only achieve competitive prices through low electricity prices.

A similar thing happens with regional electricity suppliers but it only happens with them in their original region rather than nationally.

Are you sure the high gas price is not just because they have a high number of gas customers who don't engage with the market?

chris1234567_2

bloss0m wrote: »

I mights switch to SP Online Fixed Price Energy March 2015 | Fixed till 31 Mar 2015 saving of £42/year.

If I switch my current tarrif ends on 30th November but the price goes up on 23rd. I realise when you switch it takes a while month or s, what's best time to switch with out incurring a £30 per fuel surcharge

Any replies to above question pls. Our tariff ends on 30th Nov which is 6 weeks away. I would like to change to EDF Blue +Price Promise March 2015 - Fixed till 31 Mar 2015. :beer:

OldBear

Am I imagining things, or are BG really going for it with the Electricity Standing Charge?

I just checked my current bill and asked for a quote.

Current tariff: Online Variable November 2013; Standing Charge: 15.02p per day.

All future tariffs: Standing Charge: 26p per day.

73% increase?!
That's surely a mistake!

Is there any way the MSE people can contact them to ask? I never get a reply from them.

Pincher

I left British gas about 15 years ago, and their prices haven't been competitive for years. The only good thing was the five year fix ten years ago, which I do regret not taking.

The sloths who never switched deserve their fate, but are there anybody who left and went back? Why?

Bluebirdman_of_Alcathays

Pincher wrote: »

I left British gas about 15 years ago, and their prices haven't been competitive for years. The only good thing was the five year fix ten years ago, which I do regret not taking.

The sloths who never switched deserve their fate, but are there anybody who left and went back? Why?

As a very low gas user, but with reasonable electricity consumption (lots of gadgets etc) they've always been competitive, and often cheapest.

As has been stated, they offer reasonable electricity prices and poor gas prices, whereas the former regional electricity supplier will offer the inverse: great gas prices and poor electricity prices.

Bizarre really, but that's the energy market in this country!

trets77

Next week the others will probably be following.

So answer me this if one bucked the trend and actually froze prices they would make less profit per customer but would surely pick up lots of extra customers that would off set this.

This is why it seems not the "free market" economy that some would have us believe.

Could you imagine if Tesco announced 10% price rises that Asda would follow. No they would see that as an opportunity to pinch their customers. But this never happens with the energy companies. That is probably a poor comparison but you get the idea.

At least with petrol it seems a supplier bucks the trend every now again forcing the other local petrol station to lower their prices.

CashFortune

guys so what do you think? stick with BG or switch? others will eventually hike up as well but maybe still cheaper than BG?