Bulb Price Increase

nockie3

Anyone else had an email from Bulb ref a price increase? Looks like I'll be switching to the new British Gas MSE Energy Club deal and dust my smart meter off out of the draw! Ironically only moved to Bulb late last year from the last British Gas collective fix!

Browntoa

https://forums.moneysavingexpert.com/discussion/5801714

NittyGritty

you should recieve it within 30 days i would assume, (i,m currently with them also)


looking to move now they hiking prices tho

roddydogs

It was always too good to be true with all the refer a friend £50 offered (was £100 for a short time.)

System

In fairness to Bulb, this was trailed by them a couple of months ago as a possibility. The recent increase in the pre-payment cap by Ofgem was enough to encourage me to switch to a fixed tariff until the market settles.

NittyGritty

i cant really complain ive had £200 in referals up to yet since i switched to bulb, but now that they are increasing prices i,m in the process of shopping around now

r2015

I did that as well, moved from Scottish Gas to Bulb, it looks like going back to SG through the energy club will cost me the same as Bulb's increased prices.

How long before SG's fixed till March 2019 runs out?

I wonder if my smart meter will become smart again?

jackywacky

Only switched to Bulb 2 months ago. Just had the email saying prices will increase by 2.8% meaning an increase of £2.20 a month
No immediate rush to switch again, will give it a few months.

NittyGritty

remember your direct debit payment each month is not ur overall usage, so these latest price increases will increase your bills in the coming months, and by more than £2.20 each month


try a comparison if you havent already as the bulb prices have been updated into them to reflect the new increase

Helen28

Is this the start of all the small suppliers beginning to increasing their tariffs as they can no longer obtain supplies for less than the big six and still maintain their profits?

System

Helen28 wrote: »

Is this the start of all the small suppliers beginning to increasing their tariffs as they can no longer obtain supplies for less than the big six and still maintain their profits?

I suspect that all suppliers will increase their prices. This is what Bulb has had to say about it:

Quote: Since July, wholesale energy and government policy costs have gone up by £63 per year for a typical home. However, Bulb has found efficiencies and cost savings of £39, allowing us to keep this price increase to just £24. Unquote

Ofgem has also approved a c.6% increase in the prepayment cap so my guess is that suppliers will use this to increase the tariffs by up to this amount.