MSE News: SSE freezes prices until 2016 – but you can still fix energy costs for less

Former_MSE_Helen

"Scottish and Southern Energy is to freeze household gas and electricity prices until at least January 2016"

Read the full story:

SSE freezes prices until 2016 – but you can still fix energy costs for less



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wakeupalarm

Or alternatively, SSE Customers face massive bill shock when their tariff finishes on 31st December 2015, just 20 months away. Why not just take out a fixed tariff with the numerous cheaper providers which have 2 or 3 year fixes which work out less than SSE.
It's purely marketing spin as SSE put up there prices just a few months ago.

Nada666

But the customers who this benefits are not going to do that. Those who would do that are doing it already.

KTF

The cynic in me says that they think the wholesale cost will drop over the next 20 months so will get a bit more profit off the people on the 'frozen' tariff whilst still getting plenty of media coverage about them locking the prices until then.

I_luv_cats

KTF wrote: »

The cynic in me says that they think the wholesale cost will drop over the next 20 months so will get a bit more profit off the people on the 'frozen' tariff whilst still getting plenty of media coverage about them locking the prices until then.

Could be a crafty move like you say.


Ebico aren't locking in their prices so long (Currently Spring 2015) which is disappointing. I'd love to know what their true relationship is with SSE. (i.e. when agreeing prices with SSE)

footyguy

...Ebico customers, who are supplied by SSE, won't benefit from the price fix.

Ebico ustomers have already been benefiting from a price cap since the last price increase announced October last year - that price cap was promised to last until at least this Autumn.

Furthermore, as Ebico benchmark their price changes against SSE (because the energy is supplied by SSE), I can't see any price increases by Ebico during the period SSE have now announced their prices will be frozen.

All I would say is that as SSE reduced their prices by an average of 3.5% just 2 days ago, a price reduction for ebico customers should be expected shortly ... as Mr Levermore promised about Christmas time would happen about now .

Edit: Actually it appears Ebico also reduced their prices by an average 3.5% 2 days ago :beer:
And all Equipower customers will get £12 rebate in the Autumn. :beer:

And prices are now frozen until at least Spring 2015 (Subject to there being no marked and sustained increase in wholesale energy costs, network costs or new policy-related costs. :cool:)

footyguy

wakeupalarm wrote: »

...It's purely marketing spin as SSE put up there prices just a few months ago.

Actually SSE dropped their prices by an average of 3.5% just 2 days ago
https://www.sse.co.uk/LowerPrices/

footyguy

KTF wrote: »

The cynic in me says that they think the wholesale cost will drop over the next 20 months so will get a bit more profit off the people on the 'frozen' tariff whilst still getting plenty of media coverage about them locking the prices until then.

If you read the full detail, it's actually more of a capped price guarantee, rather than a fixed price guarantee.

i.e. prices can fall during the 'frozen' period.