Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 12th Jan 12, 8:36 AM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    MSE News: Energy price cuts, Npower is latest
    • #1
    • 12th Jan 12, 8:36 AM
    MSE News: Energy price cuts, Npower is latest 12th Jan 12 at 8:36 AM
    This is the discussion thread for the following MSE News Story:

    "British Gas has today announced an average 5% reduction in its standard domestic electricity prices ..."

    Last edited by MSE Guy; 13-01-2012 at 1:17 PM.
Page 1
    • Swipe
    • By Swipe 12th Jan 12, 8:42 AM
    • 2,254 Posts
    • 1,192 Thanks
    Swipe
    • #2
    • 12th Jan 12, 8:42 AM
    • #2
    • 12th Jan 12, 8:42 AM
    No gas price cut?
    • SnowMan
    • By SnowMan 12th Jan 12, 8:48 AM
    • 3,182 Posts
    • 5,923 Thanks
    SnowMan
    • #3
    • 12th Jan 12, 8:48 AM
    • #3
    • 12th Jan 12, 8:48 AM
    British Gas press release here

    http://www.britishgasnewsroom.co.uk/2012/01/british-gas-customers-to-benefit-from-immediate-5-cut-in-standard-electricity-prices/
    I came, I saw, I melted
    • jd87
    • By jd87 12th Jan 12, 8:49 AM
    • 2,273 Posts
    • 1,211 Thanks
    jd87
    • #4
    • 12th Jan 12, 8:49 AM
    • #4
    • 12th Jan 12, 8:49 AM
    No gas price cut?
    Originally posted by Swipe
    Given that EDF cut their gas, it would be far too straightforward for British Gas to do the same. It's all about confusion marketing remember.

    • HalloweenJack
    • By HalloweenJack 12th Jan 12, 8:51 AM
    • 614 Posts
    • 205 Thanks
    HalloweenJack
    • #5
    • 12th Jan 12, 8:51 AM
    • #5
    • 12th Jan 12, 8:51 AM
    BG price increase 16% 6 months ago - so a 5% drop is hardly anything
    • SnowMan
    • By SnowMan 12th Jan 12, 8:51 AM
    • 3,182 Posts
    • 5,923 Thanks
    SnowMan
    • #6
    • 12th Jan 12, 8:51 AM
    • #6
    • 12th Jan 12, 8:51 AM
    No gas price cut?
    Originally posted by Swipe
    From the press release

    Why havenít you reduced gas prices as well?

    British Gas serves half the homes in Britain. We have to buy energy in advance to protect our customers against any sharp spikes in prices Ė like we saw last winter. While there have been some short-term falls in the cost of gas, the longer term trend continues to be upward.
    I came, I saw, I melted
    • MoneyMiser
    • By MoneyMiser 12th Jan 12, 8:54 AM
    • 556 Posts
    • 557 Thanks
    MoneyMiser
    • #7
    • 12th Jan 12, 8:54 AM
    • #7
    • 12th Jan 12, 8:54 AM
    BG price increase 16% 6 months ago - so a 5% drop is hardly anything
    Originally posted by HalloweenJack
    Exactly!!

    Now that they have raked it in over the winter period, albeit not as much as they had hoped due to the milder winter we had, this is nothing more than a positive PR stunt.

    MM
    • Pincher
    • By Pincher 12th Jan 12, 9:05 AM
    • 6,516 Posts
    • 2,491 Thanks
    Pincher
    • #8
    • 12th Jan 12, 9:05 AM
    • #8
    • 12th Jan 12, 9:05 AM
    Obviously it's a double dip publicity stunt.
    In a few weeks, BG will announce a gas price drop, but effective after winter is finished.
    • jediknight49
    • By jediknight49 12th Jan 12, 9:05 AM
    • 62 Posts
    • 14 Thanks
    jediknight49
    • #9
    • 12th Jan 12, 9:05 AM
    • #9
    • 12th Jan 12, 9:05 AM
    No reduction on gas, and elect 5% reduction not applicable to dual fuel users. Is that correct?
    • Totality
    • By Totality 12th Jan 12, 9:11 AM
    • 1,799 Posts
    • 5,564 Thanks
    Totality
    BG price increase 16% 6 months ago - so a 5% drop is hardly anything
    Originally posted by HalloweenJack
    This.

    I also love how MSE spent months (years?) telling us all to switch and join fixed tariffs...which won't benefit from any cuts.
    • HalloweenJack
    • By HalloweenJack 12th Jan 12, 9:16 AM
    • 614 Posts
    • 205 Thanks
    HalloweenJack
    i switched last year to EDF 2014 - which is still 10% cheaper than the post cut gas price... for the next 2 1/2 years!
    • danthemoneysavingman
    • By danthemoneysavingman 12th Jan 12, 9:39 AM
    • 1,265 Posts
    • 526 Thanks
    danthemoneysavingman
    seems that gas suppliers cut their electricity prices, and vice versa... hmmm...
    Let me Google that for you...
  • ihateyes
    The fact is BG have announced their profit is under threat..... especially as it has been a mild winter so far.

    absolute sham.
    Promo codes are never always cheaper..... isnt that right EuropCar?
    • TIMMY85
    • By TIMMY85 12th Jan 12, 9:55 AM
    • 169 Posts
    • 53 Thanks
    TIMMY85
    No reduction on gas, and elect 5% reduction not applicable to dual fuel users. Is that correct?
    Originally posted by jediknight49
    A duel fuel customer would receive the new prices on their ele, their gas prices will be as they were yesterday.
    • MoneyMiser
    • By MoneyMiser 12th Jan 12, 10:13 AM
    • 556 Posts
    • 557 Thanks
    MoneyMiser
    SSE just announced 4.5% cut in gas prices from 26 March.

    MM
    • SnowMan
    • By SnowMan 12th Jan 12, 10:41 AM
    • 3,182 Posts
    • 5,923 Thanks
    SnowMan
    Press release from SSE for anyone interested is here.

    The press release also mentions a new SSE 3 year fixed rate product from March with a 4% premium on unit prices. Is that an indication that SSE are expecting energy prices to stabilise over the next 3 years?

    SSE say (spin) in their press release about the small price cut
    To make sure that supplies to its customers are secure, SSE buys most of its gas months, and sometimes years, in advance of when it is actually delivered to customers. Virtually all of the gas being supplied to customers this winter was bought some time ago, but some of the gas that will be supplied to customers from the spring onwards has been purchased since the period of lower wholesale prices began. Having analysed and considered the position for some time, SSE is able to announce this reduction in household prices
    Compare that to the British Gas spin for not reducing their gas prices which looks a very weak argument given the SSE explanation

    Why haven’t you reduced gas prices as well?

    British Gas serves half the homes in Britain. We have to buy energy in advance to protect our customers against any sharp spikes in prices – like we saw last winter. While there have been some short-term falls in the cost of gas, the longer term trend continues to be upward.
    Last edited by SnowMan; 12-01-2012 at 11:18 AM.
    I came, I saw, I melted
    • Paulgonnabedebtfree
    • By Paulgonnabedebtfree 12th Jan 12, 11:05 AM
    • 2,703 Posts
    • 28,940 Thanks
    Paulgonnabedebtfree
    Energy firm Quasicartel have also announced a 5% cut.
    • penrhyn
    • By penrhyn 12th Jan 12, 11:10 AM
    • 15,006 Posts
    • 8,056 Thanks
    penrhyn
    Any of the price comparison sites got the new prices up yet?
    U Switch did not, Energyhelpline neither.

    PS Sir Martin of Lewis is on Radio 5 Live now.
    That gum you like is coming back in style.
    • callum9999
    • By callum9999 12th Jan 12, 11:34 AM
    • 3,950 Posts
    • 2,408 Thanks
    callum9999
    Press release from SSE for anyone interested is here.

    The press release also mentions a new SSE 3 year fixed rate product from March with a 4% premium on unit prices. Is that an indication that SSE are expecting energy prices to stabilise over the next 3 years?

    SSE say (spin) in their press release about the small price cut
    Compare that to the British Gas spin for not reducing their gas prices which looks a very weak argument given the SSE explanation
    Originally posted by SnowMan
    Doesn't seem weak to me - just not what you want to hear. They are separate companies and have separate arrangements and strategies in how they buy their gas and electric
  • timeandtimeagain
    Crafty devils at SSE, cut gas at the end of March when it is starting to get warm and gas use for heating goes down.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,298Posts Today

5,490Users online

Martin's Twitter
  • Mini MSE is on half term next week, so I'm excited to be taking the week off to be daddy. As normal I'm signing of? https://t.co/G3366shWh1

  • I once blurted out on @gmb "Theresa May hasn't been given a poisoned chalice - she's been given a poisoned chalice? https://t.co/onfRbY3XVg

  • It'd be fascinating to know how history will judge Theresa May's premiership. Currently, it is hard to see it as a? https://t.co/eH77G0O9LA

  • Follow Martin