70% increase in cost - Utility Point to EDF - YES!! SEVENTY PERCENT!!

GeorgeRO

Utility Point ceased trading  

However, given the rise in wholesale prices for both gas & electricity and very slim margins the company were working with, it's probably not that surprising.
It's very sad that the good people working for Utility Point are most likely facing unemployment.

What has shocked me is I'm now facing an increase of 70% in cost for the supply of both gas & electricity!

On hearing the news, on 19th September, that OFGEM will be switching my supply to EDF I went to see what the new tariff would be.

The best fixed tariff I could find was "Easy 3 Year Online Fixed" BUT I choked when I saw a near 98% increase.

Attempts to find the tariff that would apply failed until today when I resorted to using EDF's online chat facility.

The end result is a 70% increase!

(The MSE tariff for Utility Point Ruby is marginally higher than the rate on my bill)

Slàinte Mhath!

George

DiseasedBunny

In other news, the Beatles have split up…

gefnew

You will go on to the svr rate set by ofgem

dbks

GeorgeRO said:

Utility Point ceased trading  

However, given the rise in wholesale prices for both gas & electricity and very slim margins the company were working with, it's probably not that surprising.
It's very sad that the good people working for Utility Point are most likely facing unemployment.

What has shocked me is I'm now facing an increase of 70% in cost for the supply of both gas & electricity!

On hearing the news, on 19th September, that OFGEM will be switching my supply to EDF I went to see what the new tariff would be.

The best fixed tariff I could find was "Easy 3 Year Online Fixed" BUT I choked when I saw a near 98% increase.

Attempts to find the tariff that would apply failed until today when I resorted to using EDF's online chat facility.

The end result is a 70% increase!

(The MSE tariff for Utility Point Ruby is marginally higher than the rate on my bill)

Slàinte Mhath!

George

All that work/effort, yet a simple look at the EDF website would have informed you that you would be placed on EDF's Welcome Variable tariff

It will cost more than the 15month tariff you agreed with UP in the early part of this year, but will be less than the EDF tariffs you have considered now.

rp1974

You might be new to this,welcome.

Take a quick look around the forum you'll likely find that your 70% is on the lower end of increases that most people are facing.
For example I'm looking at increases well over 100%,many others are well above even that.

For what it's worth what your currently on is about as good as it gets,for the present time.

jbuchanangb

I am moving from Symbio "LFG 12M Fixed SE02 v23" to EON.Next "Flex Next". My forecast charges for next 6 months with EON.Next are £445.36. The same period and electricity consumption at the Symbio rate would have been £262.75. That is an increase of 69.5%. The likes of Utility Point and Symbio went bust because of ridiculously low tariffs. Now we are in the real world, on tariffs regulated by OFGEM.

WillPS

GeorgeRO said:

Utility Point ceased trading  

However, given the rise in wholesale prices for both gas & electricity and very slim margins the company were working with, it's probably not that surprising.
It's very sad that the good people working for Utility Point are most likely facing unemployment.

What has shocked me is I'm now facing an increase of 70% in cost for the supply of both gas & electricity!

On hearing the news, on 19th September, that OFGEM will be switching my supply to EDF I went to see what the new tariff would be.

The best fixed tariff I could find was "Easy 3 Year Online Fixed" BUT I choked when I saw a near 98% increase.

Attempts to find the tariff that would apply failed until today when I resorted to using EDF's online chat facility.

The end result is a 70% increase!

(The MSE tariff for Utility Point Ruby is marginally higher than the rate on my bill)

Slàinte Mhath!

George

And yet EDF are going to make a loss on every unit of energy you use still (which they'll be compensated for as SoLR). What does that tell you about what you've been paying?

The_Fat_Controller

We should all be thankful for the price cap and that we don't have smart metering that actually charges the real cost of energy on a daily basis.

Cardew

Deleted_User said:

The_Fat_Controller said:

We should all be thankful for the price cap and that we don't have smart metering that actually charges the real cost of energy on a daily basis.

The price cap only saves a minorities bacon - it is a maximum that anyone can be forced to pay monthly (£1227 pa) NOT a maximum per KWh used

So for someone who used to spend say £600 on duel fuel - their charges could literally double overnight

I think you need to look at your statement again. There are several threads explaining the price cap.

[Deleted User]

Cardew said:

Deleted_User said:

The_Fat_Controller said:

We should all be thankful for the price cap and that we don't have smart metering that actually charges the real cost of energy on a daily basis.

The price cap only saves a minorities bacon - it is a maximum that anyone can be forced to pay monthly (£1227 pa) NOT a maximum per KWh used

So for someone who used to spend say £600 on duel fuel - their charges could literally double overnight

I think you need to look at your statement again. There are several threads explaining the price cap.

So you are saying that there is a cap on KWh price? 

The_Fat_Controller

@Deleted_User, "duel fuel", that's fighting talk, LOL