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  • FIRST POST
    • MSE Stephen B
    • By MSE Stephen B 10th Sep 18, 12:03 PM
    • 44Posts
    • 9Thanks
    MSE Stephen B
    MSE News: Bulb to hike energy prices by 11.1% - its third increase this year
    • #1
    • 10th Sep 18, 12:03 PM
    MSE News: Bulb to hike energy prices by 11.1% - its third increase this year 10th Sep 18 at 12:03 PM
    Green energy supplier Bulb is raising its prices for the third time this year, with 750,000 existing customers to hit by a rise of over 11% in November...
    Read the full story:
    'Bulb to hike energy prices by 11.1% - its third increase this year'

    Click reply below to discuss. If you havenít already, join the forum to reply.
Page 1
    • beardiedog
    • By beardiedog 10th Sep 18, 1:03 PM
    • 638 Posts
    • 245 Thanks
    beardiedog
    • #2
    • 10th Sep 18, 1:03 PM
    • #2
    • 10th Sep 18, 1:03 PM
    For me +8% electric, +30% gas. I'll be switching again come November.
    • VT82
    • By VT82 10th Sep 18, 1:13 PM
    • 1,025 Posts
    • 868 Thanks
    VT82
    • #3
    • 10th Sep 18, 1:13 PM
    • #3
    • 10th Sep 18, 1:13 PM
    Haha, for once an MSE news story about energy costs going up that isn't going to be swamped by Bulb customers trying to get you to click on their referral link! Although amazingly enough, there's already someone with a brass enough neck to have tried it on the Facebook comments.


    Bulb, if you're reading this, when people do that with their referral links, it makes your company look like a cheap and nasty multi-level marketing scheme - the 'Juice Plus' of the energy world if you will. That's obviously not the case; you're a perfectly normal energy company, but it puts me right off you.
    • Futuristic
    • By Futuristic 10th Sep 18, 3:43 PM
    • 800 Posts
    • 406 Thanks
    Futuristic
    • #4
    • 10th Sep 18, 3:43 PM
    • #4
    • 10th Sep 18, 3:43 PM
    I guess everyone will now need to spam even harder to make the plan better than alternatives...
    • martinlewisjunior
    • By martinlewisjunior 10th Sep 18, 3:58 PM
    • 90 Posts
    • 13 Thanks
    martinlewisjunior
    • #5
    • 10th Sep 18, 3:58 PM
    • #5
    • 10th Sep 18, 3:58 PM
    These are the units rate for those are wondering.

    Gas
    Unit Rate

    3.938p per kWh

    Standing Charge

    24.558p per day

    Electricity
    Unit Rate

    13.640p per kWh

    Standing Charge

    24.558p per day
    • Peanut8472
    • By Peanut8472 10th Sep 18, 4:02 PM
    • 97 Posts
    • 19 Thanks
    Peanut8472
    • #6
    • 10th Sep 18, 4:02 PM
    • #6
    • 10th Sep 18, 4:02 PM
    I was in middle of switch to them, just cancelled as it would have added £250 to my annual bill.
    • Looking around
    • By Looking around 10th Sep 18, 8:09 PM
    • 1 Posts
    • 0 Thanks
    Looking around
    • #7
    • 10th Sep 18, 8:09 PM
    In process of joining Bulb, just past cooling off period
    • #7
    • 10th Sep 18, 8:09 PM
    From 11th November
    Electricity was 12.39 per kWh now going to be 13.23 (+6.8%)
    Gas. was 2.81 per kWh. now going to be 3.73 (+32.7%)

    Standing charges unchanged @ Electricity 24.56p per day
    Gas 24.56p per day
    And not had the 1st bill yet!
    Hey perhaps we should all quote these figures in forums from the official notification we get?
    (Triple check as I have, then we know itís correct, after all there is only one price isnít there?)
    • superkoopauk
    • By superkoopauk 10th Sep 18, 9:33 PM
    • 17 Posts
    • 12 Thanks
    superkoopauk
    • #8
    • 10th Sep 18, 9:33 PM
    • #8
    • 10th Sep 18, 9:33 PM
    Well the rates will be different depending on when you live. Haven't received my email yet.
    • Andy_WSM
    • By Andy_WSM 10th Sep 18, 10:46 PM
    • 2,136 Posts
    • 4,561 Thanks
    Andy_WSM
    • #9
    • 10th Sep 18, 10:46 PM
    • #9
    • 10th Sep 18, 10:46 PM
    These are the units rate for those are wondering.

    Gas
    Unit Rate

    3.938p per kWh

    Standing Charge

    24.558p per day

    Electricity
    Unit Rate

    13.640p per kWh

    Standing Charge

    24.558p per day
    Originally posted by martinlewisjunior

    These are the unit rates for your postcode. They will not be the same for everyone else - certainly this applies to the electricity unit rates.

    • Peanut8472
    • By Peanut8472 11th Sep 18, 7:13 AM
    • 97 Posts
    • 19 Thanks
    Peanut8472
    This is from the letter i recieved.


    Because wholesale prices have increased, from 11 Nov 2018, the price you pay for your electricity is increasing from 12.39p to 13.23p per kWh.


    The price you pay for gas is increasing from 2.81p to 3.73p per kWh. Your standing charges will remain the same.
    • roddydogs
    • By roddydogs 11th Sep 18, 7:32 AM
    • 6,127 Posts
    • 2,595 Thanks
    roddydogs
    Its all those referrals at £100 a pop coming home to roost!
    • ChopperST
    • By ChopperST 11th Sep 18, 8:24 AM
    • 1,147 Posts
    • 752 Thanks
    ChopperST
    I was in middle of switch to them, just cancelled as it would have added £250 to my annual bill.
    Originally posted by Peanut8472
    Your prices wouldn't have risen till November in that case. Presumably you got a £50 switching bonus from one of the referral links? You could have switched, got the bonus and switched again two weeks before the price rise on the 11th November and still got the £50 and potentially another switching bonus from your new provider...
    • Peanut8472
    • By Peanut8472 11th Sep 18, 9:01 AM
    • 97 Posts
    • 19 Thanks
    Peanut8472
    Thanks for the info Chopper, however, unfortunately i was unaware of the bonus offer till i'd signed up, therefore i didn't receive one.


    Assuming there were no further problems with Bulb, what you suggested may been a good idea.


    Instead, i've signed up for long-term price protection with my current provider.
    • ChopperST
    • By ChopperST 11th Sep 18, 9:35 AM
    • 1,147 Posts
    • 752 Thanks
    ChopperST
    Very wise - I'll be ditching for a fix in the middle of October once I've bagged the switching bonus and two £50 RAF bonuses.
    • merchcon55
    • By merchcon55 11th Sep 18, 12:42 PM
    • 83 Posts
    • 84 Thanks
    merchcon55
    Considering fixed rate deals are being removed and replaced with higher unit rate deals every day, you should consider if the bonus money of £150 could wind up being a "false economy" if the fixed rate deals in mid-October (just before the cold months start) should go up by 15-20%.

    Of course you know your usage and can calculate what that risk might be - but personally, I would try and lock in a rate now, as I see energy prices going up considerably in the next 3-6 month period.
    • ChopperST
    • By ChopperST 11th Sep 18, 1:15 PM
    • 1,147 Posts
    • 752 Thanks
    ChopperST
    Happy to take the risk, at worse I feel it will be a cost neutral venture. We have a 4KWs of solar panels so are still generating a bit from the tail end of summer so our usage doesn't really go up till the end of September.
    • ryan121
    • By ryan121 11th Sep 18, 6:52 PM
    • 154 Posts
    • 54 Thanks
    ryan121
    Still cheaper than the big six...
    • pjapk
    • By pjapk 11th Sep 18, 11:22 PM
    • 51 Posts
    • 8 Thanks
    pjapk
    Typical - My first ever switch initiated over the weekend from BG to Bulb & a price hike before I've even completed!

    Trying to understand the Cheap Energy club estimates now - Originally guessing at £412 saving switching to bulb (before the hike) whereas currently the club is suggesting a £345/yr saving on a fixed tariff with OneSelect - seems to me I should cancel current switch & go with one of the best fixed rate offers as it works out better off with the risk of further hikes would you knowledgeable folks agree?

    (I'm currently on BG SVR so almost any switch is worth doing anyway but might as well maximise it now I'm finally getting around to doing it).
    • Oasis1
    • By Oasis1 15th Sep 18, 6:06 PM
    • 448 Posts
    • 413 Thanks
    Oasis1
    We had just switched our electricity to Bulb and were planning to follow with our gas, but have now begun switching both to Outfox The Market. They're hiking their prices soon too, so will be keeping an eye on that - 30 days notice and no exit fee though, so not too concerned.

    • matelodave
    • By matelodave 15th Sep 18, 9:31 PM
    • 4,099 Posts
    • 2,598 Thanks
    matelodave
    Blimey, thats over 2p/kwh more than Eversmart - it would cost me over £140 a year more for my 7200kwh of leccy.

    What benefit does Bulb give you unless you can get multiple referral fees
    Never under estimate the power of stupid people in large numbers
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