Green.Energy - 35% price increase on Redwood variable tariff

CoastingHatbox

Dolor said:

DiseasedBunny said:

Ridiculous amount it’s gone up 40% standing charge increase and electricity up about the same on oak

A variable tariff, I assume? These price rises have been well telegraphed for months. Sadly, a lot of suppliers have increased their fixed tariffs in anticipation of taking on a large number of customers from those on variable tariffs. I took the decision to switch my gas supply the day that Ofgem announced the price cap increase. I got in at 3.2p up from 2.85p. Last week, the tariff on offer was showing close to 3.8p.

These days, imho, all consumers have to be proactive energy customers.

Switching gas/energy providers once every 1-3 years. Fine.
2-3 times a year? Beyond the pale.

The price cap increased 12.2%. So for customers to see 35% increases on variable rate tariffs is concerning.

I'd also argue that the price cap isn't working. Our energy use is marginally above average, yet this latest increase would see our energy bills rise to over £1600 a year, when the price cap is now at £1277. Obviously we are not on the suppliers standard variable rate tariff. AFAIK Ofgem has discretion to exempt green standard variable rate tariffs from the cap.

[Deleted User]

CoastingHatbox said:

Dolor said:

DiseasedBunny said:

Ridiculous amount it’s gone up 40% standing charge increase and electricity up about the same on oak

A variable tariff, I assume? These price rises have been well telegraphed for months. Sadly, a lot of suppliers have increased their fixed tariffs in anticipation of taking on a large number of customers from those on variable tariffs. I took the decision to switch my gas supply the day that Ofgem announced the price cap increase. I got in at 3.2p up from 2.85p. Last week, the tariff on offer was showing close to 3.8p.

These days, imho, all consumers have to be proactive energy customers.

Switching gas/energy providers once every 1-3 years. Fine.
2-3 times a year? Beyond the pale.

The price cap increased 12.2%. So for customers to see 35% increases on variable rate tariffs is concerning.

I'd also argue that the price cap isn't working. Our energy use is marginally above average, yet this latest increase would see our energy bills rise to over £1600 a year, when the price cap is now at £1277. Obviously we are not on the suppliers standard variable rate tariff. AFAIK Ofgem has discretion to exempt green standard variable rate tariffs from the cap.

Look at the wholesale price for gas today in this link (right hand column) and scroll back to a year ago.

https://energy.guylipman.com/sm/gastracker

I was on Gas Tracker a year ago but I fixed last October and fixed again in July.

Here is the Electricity Tracker link:

 https://energy.guylipman.com/sm/electracker