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  • FIRST POST
    • MSE Megan F
    • By MSE Megan F 13th Feb 18, 12:03 PM
    • 286Posts
    • 152Thanks
    MSE Megan F
    MSE News: Energy price cap must be introduced
    • #1
    • 13th Feb 18, 12:03 PM
    MSE News: Energy price cap must be introduced 13th Feb 18 at 12:03 PM
    An energy price cap must be introduced by next winter to stop millions of customers being ripped off, a committee of MPs has said...
    Read the full story:
    'Energy price cap must be introduced by next winter say MPs'

    Click reply below to discuss. If you haven't already, join the forum to reply.
    Last edited by MSE Luke; 20-02-2018 at 12:01 PM.
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    • NineDeuce
    • By NineDeuce 13th Feb 18, 12:48 PM
    • 825 Posts
    • 754 Thanks
    NineDeuce
    • #2
    • 13th Feb 18, 12:48 PM
    • #2
    • 13th Feb 18, 12:48 PM
    The committee of MPs have no clue how energy billing works and should keep out of it. They just want to pull on the heart strings of voters.

    A cap will do nothing, because energy prices will just go up in other ways.
    • pappa golf
    • By pappa golf 13th Feb 18, 1:14 PM
    • 8,706 Posts
    • 9,307 Thanks
    pappa golf
    • #3
    • 13th Feb 18, 1:14 PM
    • #3
    • 13th Feb 18, 1:14 PM
    the last time they stuck there noses in regarding pre pay , every company simply raised there price to the maximum allowed

    thank you
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    • Hengus
    • By Hengus 13th Feb 18, 2:25 PM
    • 5,748 Posts
    • 3,526 Thanks
    Hengus
    • #4
    • 13th Feb 18, 2:25 PM
    • #4
    • 13th Feb 18, 2:25 PM
    Some interesting comments in a Moneywise article:

    Quote ..... the cap is needed due to suppliers “failing to take effective action against the overcharging for years of their customers”, and Ofgem being “too slow and reluctant to use its extensive powers to step in and protect the interests of customers”.

    Responding to the BEIS Select Committee report, Lawrence Slade from industry body Energy UK, comments: “With a record one in six customers switching last year and over 60 suppliers to choose from, the energy market is changing rapidly and has never offered so much choice Quote

    I concur fully with the Committee's views about Ofgem. I just wonder whether my 4 electricity switches in 2017 count as 4 customers or as one?

    I fear that the man use statistics like a drunken man uses a lampost: for support not illumination.
    • gsmlnx
    • By gsmlnx 13th Feb 18, 2:35 PM
    • 863 Posts
    • 684 Thanks
    gsmlnx
    • #5
    • 13th Feb 18, 2:35 PM
    • #5
    • 13th Feb 18, 2:35 PM
    I just wonder whether my 4 electricity switches in 2017 count as 4 customers or as one?
    Originally posted by Hengus
    As this is the energy Industry owners body, probably as 7 customers
    • matelodave
    • By matelodave 13th Feb 18, 3:19 PM
    • 3,542 Posts
    • 2,194 Thanks
    matelodave
    • #6
    • 13th Feb 18, 3:19 PM
    • #6
    • 13th Feb 18, 3:19 PM
    the last time they stuck there noses in regarding pre pay , every company simply raised there price to the maximum allowed

    thank you
    Originally posted by pappa golf
    I'm with you on this.

    There are always unintendend consequences when the government tries to stick their oar in.

    Usually to the detriment of not only those who they think they are helping but to the rest of the population as well who end up paying for it.

    I'm not always sure that some of Martin Lewis's campaigns are for the good either as someone always loses out somewhere
    Last edited by matelodave; 13-02-2018 at 5:04 PM.
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    • SpotlandRules
    • By SpotlandRules 13th Feb 18, 4:58 PM
    • 192 Posts
    • 79 Thanks
    SpotlandRules
    • #7
    • 13th Feb 18, 4:58 PM
    • #7
    • 13th Feb 18, 4:58 PM
    They say one of the reasons that prepay is so high, is because of the middlemen taking their cut, ie Pay Point.

    If all prepay went smart, then surely this would remove Pay Point and then costs would reduce. Or, no doubt, they would probably just keep it the same and rake in further money.
    • pappa golf
    • By pappa golf 13th Feb 18, 5:02 PM
    • 8,706 Posts
    • 9,307 Thanks
    pappa golf
    • #8
    • 13th Feb 18, 5:02 PM
    • #8
    • 13th Feb 18, 5:02 PM
    I'm with you on this.

    There are always unintendend consequences when the government tries to stick their oar in.

    Usually to the detriment of not only those who they think they are helping but to the rest of the population as well who end up paying for it.
    Originally posted by matelodave

    Save a Rachael

    buy a share in crapita
    • Michaelw
    • By Michaelw 13th Feb 18, 8:03 PM
    • 148 Posts
    • 46 Thanks
    Michaelw
    • #9
    • 13th Feb 18, 8:03 PM
    • #9
    • 13th Feb 18, 8:03 PM
    I managed to get this smart meter reverted to prepayment at last and will stay on this method.It took £70 in total to get out of this debt at last.Credit meters are not for everyone and debts can spiral.My warm home discount has gone on the Electricity and now know where I stand.

    Theres a more rapid responce to meter problems.Also fall more under protection if there are problems all round.
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