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GB Energy Supply reviews: Give your feedback

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  • Snooze
    Snooze Posts: 2,041 Forumite
    1,000 Posts Combo Breaker
    edited 13 October 2016 at 7:42PM
    bigbill wrote: »
    Just got an email today to say my prices on premium energy saver are increasing from 13th Nov.


    Annoyed at standing charge increase as it's more than doubled with usage going up by 25%+ so good by to GB energy from me.

    Same here. Monumental price increase for me and enough for me to be revisiting the comparison sites to switch.

    "Because wholesale prices have increased, from 13 Nov 2016, the price you pay for your electricity is increasing
    from 10.24p per kWh to 13.59p per kWh. The price you pay for gas is increasing from 2.84p per kWh to 3.52p per
    kWh. Your electricity standing charge has increased from 12.37p per day to 24.28p per day and your gas
    standing charge has increased from 9.10p per day to 15.33p per day."

    :eek:

    That's taking the ******* p*ss imho ! :mad:
  • bohica
    bohica Posts: 41 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Snooze wrote: »
    Same here. Monumental price increase for me and enough for me to be revisiting the comparison sites to switch.

    "Because wholesale prices have increased, from 13 Nov 2016, the price you pay for your electricity is increasing
    from 10.24p per kWh to 13.59p per kWh. The price you pay for gas is increasing from 2.84p per kWh to 3.52p per
    kWh. Your electricity standing charge has increased from 12.37p per day to 24.28p per day and your gas
    standing charge has increased from 9.10p per day to 15.33p per day."

    :eek:

    That's taking the ******* p*ss imho ! :mad:

    Same here. Fortunately I started a switch to the BG collective switch a few weeks ago and it will have gone through by November.

    My estimated cost after the price hike was £1283 to a whopping £1696.

    I was initially very pleased with GB Energy. The switch I did a little over a year ago was painless and the prices were good. Heck, they even reduced the price shortly after I switched. However, the July price change was a warning and I'm glad I paid attention now. Now all I have to hope is that they send me my credit without a lot of hassle.

    Good bye GB Energy.
  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Did you guys not have fixed tariffs available ??
  • bohica
    bohica Posts: 41 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    JJ_Egan wrote: »
    Did you guys not have fixed tariffs available ??

    Nope. I prefer to just follow the best price. I'm prepared to take the risk.
  • mandm65
    mandm65 Posts: 556 Forumite
    bigbill wrote: »
    Just got an email today to say my prices on premium energy saver are increasing from 13th Nov.


    Annoyed at standing charge increase as it's more than doubled with usage going up by 25%+ so good by to GB energy from me.
    +1

    I guess we all need to find best alternative, could agree more GB was good while it lasted ;)
  • Second price increase in just a few months, this time it's a 36% price increase on my standing charge alone. In total an extra £178 per year on my energy bills. I'm switching, but it's not because of bad service, just that I can get cheaper elsewhere. Risks of a variable tariff I suppose.


    I've found GB energy to be an ok supplier so far. Fairly seamless, though slow transition from BG, and I find that having to take the meter readings on the same day each month a bit awkward - but that could just be my own laziness.
    In 10 months I've had to contact them twice - once when the page used to enter meter readings wouldn't accept the numbers for my first reading, and again a couple of weeks ago as I was getting four sets of bills. They said this was something about it failing to generate bills due to late meter readings or something.
  • sweenytodd
    sweenytodd Posts: 10 Forumite
    edited 17 October 2016 at 2:01PM
    I did comment on gb energy many months ago,,,,,,,,,,,
    people need to do a company search on the guy who pulls the strings....

    (Text
    removed
    by
    MsEForumTeam)

    mmmmmm,,,,,
    don`t think I`d be handing over my bank details !
  • matelodave
    matelodave Posts: 9,081 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Why is everyone whinging? Fixed tariffs were and are available but if you went for a variable tariff then you gambled whether the price would go down or up.

    This time you lost so I'm not sure what all the whinging is about.

    !!! there aren't any exit fee's it's not a big deal, you can go somewhere else.
    Never under estimate the power of stupid people in large numbers
  • System
    System Posts: 178,348 Community Admin
    10,000 Posts Photogenic Name Dropper
    My guess is that there is a waiting game being played here. GBEnergy is playing the same game that E.oN has been playing for the past few months. That is, set a fixed tariff considerably higher than that of the competition and wait see how the market settles before coming in with a slightly below average tariff.

    What is clear is that electricity prices are on the increase - partly because of the £/$ relationship but also because of increased costs to maintain peak supply. Exit fees have become less of annoyance as the rate of switching before contract end will decrease. ( The reverse is true in a falling market).

    I could of course be totally wrong and my £75 credit might be at risk.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Change went smoothly but daughter switched at same time to Sainsbury's and unit prices are better. Gas 2.53 (collective 2.66) Electric 8.2 (9.05). The only apparent advantage on the collective tariff appears to be the standing charge (21.8 1(C) v 24.77(S)).
This discussion has been closed.
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