New British gas tariff

sithmaster

Hi all as many people I'm being moved from peoples energy to British gas.
Has anyone been informed of the tariff that we will be put on?
I have contacted British gas but they said it might take a few weeks for them to tell me.

Will I still pay the unit rate from peoples energy until its completed or not, with the current situation with gas costs I'm afraid to use it thinking I'm going to get a massive bill.

Thanks

Mif_2

The tariff's now on the British Gas website at https://www.britishgas.co.uk/GetAQuote/tariff-information. Enter your postcode, and it'll bring up a long list of tariffs, one of which is "The Peoples Tariff". Exact prices depend on the region you're in, but seem to be set at the Ofgem energy cap. For the East it's Gas: 4.056 per kwh and 26.123 per day and Electricity: 20.871 + 24.017pd.

I'm still not quite sure what to make of the fact that it says "guaranteed rate" until June 2022, while also saying variable. The Terms and Conditions don't make it clear to me whether it'll rise when we get to the next cap. The cynic in me thinks that "the government or regulator does something or plans something that means the price must change" will be used as a get out.

hydratoad

Mif_2 said:

The cynic in me thinks that "the government or regulator does something or plans something that means the price must change" will be used as a get out.

I've browsed a lot of the terms and conditions for British Gas tariffs, and they all have this clause (or an extremely similar construction). In contract law "must" is a strictly interpreted word, and as such I would expect this has been added to allow modification to the rate in response to an order from the regulator.

The only prevarication I am inclined to do on this opinion is to note that some tariffs, including "The Peoples Tariff", include phrases such as "prices are set until 30th June 2022 at rates that are the same as the Ofgem Price Cap." which could be interpreted to mean they will follow or track the cap.

I would argue that "set" is also key here, and that the price should be set at the date of execution of the contract, but I wouldn't indemnify anyone against that and individually any legal challenge would likely cost more than the difference (though, who knows the way prices are going!)

sithmaster

So comparing from my peoples energy tariff the bg tariff will be 36% more expensive for electric and 42% more expensive for gas.
The comparison site are not working because of the gas situation.
So basically were now stuck paying through the nose for something that wasn't out fault.

Bg has already announced the will charge ofgem up to 200m so why can't we bill them the difference aswell or maybe that 200m should mean by honor the previous tariff we was all on.

There rant over.

MoJoeGo

So the Sainsbury 2 year was just a touch cheaper. That plus the fact it won't get any worse along with some nectar points makes me happy enough to have switched...

Ultrasonic

sithmaster said:

So basically were now stuck paying through the nose for something that wasn't out fault.

Bg has already announced the will charge ofgem up to 200m so why can't we bill them the difference aswell or maybe that 200m should mean by honor the previous tariff we was all on.

There rant over.

Essentially you, and huge numbers of other people (including potentially me), were promised something that turns out to have been unrealistic. Your gripe is with People's Energy on this front. Is it reasonable that others who didn't make such promises should pay to cover for those who didn't? Probably not I'd suggest.

milook

hydratoad said:

Mif_2 said:

The cynic in me thinks that "the government or regulator does something or plans something that means the price must change" will be used as a get out.

I've browsed a lot of the terms and conditions for British Gas tariffs, and they all have this clause (or an extremely similar construction). In contract law "must" is a strictly interpreted word, and as such I would expect this has been added to allow modification to the rate in response to an order from the regulator.

The only prevarication I am inclined to do on this opinion is to note that some tariffs, including "The Peoples Tariff", include phrases such as "prices are set until 30th June 2022 at rates that are the same as the Ofgem Price Cap." which could be interpreted to mean they will follow or track the cap.

I would argue that "set" is also key here, and that the price should be set at the date of execution of the contract, but I wouldn't indemnify anyone against that and individually any legal challenge would likely cost more than the difference (though, who knows the way prices are going!)

British Gas erases Price guarantee date in Peoples energy tariff 
Sorry about replying on an old thread, but have you noticed the price guarantee date is now missing from the peoples energy tariff? Seems BG just got rid of it. Tried to find where I stand by tweeting, but BG couldn’t give me a satisfactory answer…

brewerdave

milook said:

hydratoad said:

Mif_2 said:

The cynic in me thinks that "the government or regulator does something or plans something that means the price must change" will be used as a get out.

I've browsed a lot of the terms and conditions for British Gas tariffs, and they all have this clause (or an extremely similar construction). In contract law "must" is a strictly interpreted word, and as such I would expect this has been added to allow modification to the rate in response to an order from the regulator.

The only prevarication I am inclined to do on this opinion is to note that some tariffs, including "The Peoples Tariff", include phrases such as "prices are set until 30th June 2022 at rates that are the same as the Ofgem Price Cap." which could be interpreted to mean they will follow or track the cap.

I would argue that "set" is also key here, and that the price should be set at the date of execution of the contract, but I wouldn't indemnify anyone against that and individually any legal challenge would likely cost more than the difference (though, who knows the way prices are going!)

British Gas erases Price guarantee date in Peoples energy tariff 
Sorry about replying on an old thread, but have you noticed the price guarantee date is now missing from the peoples energy tariff? Seems BG just got rid of it. Tried to find where I stand by tweeting, but BG couldn’t give me a satisfactory answer…

Its affected a lot of customers transferred under SOLR processes. I suggest we ALL complain to senior BG management about the loss of the guaranteed rate. My suspicion is that it only came to light because they had given Together Energy customers a guarantee til 31st March 2023 !!!

400ixl

They have done similar for other SOLR transfers such as the one for ex Neon Reef customers.

There is a thread on it where a member has been in contact with British Gas about it.

https://forums.moneysavingexpert.com/discussion/6332617/british-gas-welcome-to-british-gas/