Category: Household Bills
The analysis published under this category are as follows.
Friday, April 01, 2022
UK Energy Bills Catastrophe! 50% Price Cap Rise - SUBMIT Meter Readings ASAP to Avoid Extra Charges / Personal_Finance / Household Bills
By: N_Walayat
Britians' energy price cap has risen by 50% today which is what most customers will be paying given that all of the fixed rate deals charge more than even the latest price cap. If you have not already submitted a meter reading that it is still not too late to do so but the sooner you submit the better to avoid energy usage being charged at a 50% higher cost.
So having an accurate read of where customers stand WILL make a difference! Once upon a time the price cap could be ignored but not for the past 6 months as a myriad of energy firms such as Zog Energy dumped their fixed rate customers onto regulators who passed the customers onto firms such as EDF onto their variable rate tariffs that as of writing are some 60% BELOW fixed rate tariffs, so the worst thing anyone can do is to FIX their energy tariffs as even after tomorrows 50% hike, the price cap will still be lower than fixed rate deals, and likely remain so all the way into the next price price cap hike on 1st October when we could see another huge hike of as much as 30% ahead of winter 2022.
Read full article... Read full article...
Thursday, March 31, 2022
WARNING - Energy Price Cap 50% Rise Tomorrow, Take and Submit Gas Electric Meter Readings ASAP! / Personal_Finance / Household Bills
By: Nadeem_Walayat
Britians' energy cap is set to rise tomorrow that will probable see average standard rate tariffs hiked by over 50%! And this is no April Fools day joke! FIFTY PERCENT HIKE IN ENERGY PRICES! So having an accurate read of where customers stand WILL make a difference! Once upon a time the price cap could be ignored but not for the past 6 months as a myriad of energy firms such as Zog Energy dumped their fixed rate customers onto regulators who passed the customers onto firms such as EDF onto their variable rate tariffs that as of writing are some 60% BELOW fixed rate tariffs, so the worst thing anyone can do is to FIX their energy tariffs as even after tomorrows 50% hike, the price cap will still be lower than fixed rate deals, and likely remain so all the way into the next price price cap hike on 1st October when we could see another huge hike of as much as 30% ahead of winter 2022.
Read full article... Read full article...
Saturday, January 01, 2022
UK Energy Crisis WARNING 2022 - How to Avoid Huge Increase in Gas and Electric Fuel Bills Right Now! / Personal_Finance / Household Bills
By: Nadeem_Walayat
UK energy bill are set to continue to soar during 2022 as customers either come off their fixed rate deals or that their energy provider walks 'goes bust' away from their contracts with customers leaving to be dumped onto an regulator appointed supplier as was the case for us as our Gas supplier ZOG disappeared. So what do to when your fixed rate content ends? Do you go for the suggested fixes that your energy supplier will be eager to get you to move onto? Or do you go for the standard variable rate. Watch my latest video on Britain's energy crisis before you make a BIG mistake that could result in paying 2 or 3 times what you could have paid all as a consequences of falling prey to the games the energy suppliers play with customers.
Read full article... Read full article...
Tuesday, December 07, 2021
How to Read Your Smart Meter - Economy 7, Day and Night Rate Readings SMETS2 EDF / Personal_Finance / Household Bills
By: HGR
The push is on to roll out smart meters across the UK so that the energy providers get at least daily if not hourly updates of customers energy usage. However customers being able to read these new meters is not straight forward as clicking a button. So in this video I show how to read your SMART Meter Day and Night rate usage so as to ensure it is actually working properly as many home owners are complaining of huge jumps in energy bills following installations.
Read full article... Read full article...
Thursday, November 25, 2021
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 / Personal_Finance / Household Bills
By: Nadeem_Walayat
Gas and electricity prices have surged to extortionate levels and winter has yet to bite sending the fixed rate deals for ALL energy providers soaring in the stratosphere. In my latest video in my inflation mega-trend series I explain why those with expiring tariffs will be making a huge mistake if they now went ahead and fixed their tariffs as energy providers have been eager to get customers to fix ahead of warnings of price highs when the energy cap is lifted in April 2022. This video could literally save you £1000 in making a costly mistake by fixing at the worst possible time at the worst possible rates!
Read full article... Read full article...
Thursday, September 23, 2021
UK Energy Firms Scamming Customers Out of Their Best Fixed Rate Gas Tariffs / Personal_Finance / Household Bills
By: Nadeem_Walayat
UK Gas Market Panic! Apparently energy firms are going bust, or are they? Wh at's the odds most of these firms going bust are going to soon reappear under a slightly different name with probably the same staff and premises. We are being SCAMMED! UK Energy customers are being SCAMMED out of their Fixed rate tariffs because the greedy basket energy firms did NOT HEDGE the natural gas price that they were busy encouraging prospective customers to fix at! Now they want to cancel the contracts by offloading the customers onto the regulators who is then going to dump the customers onto other energy firms on much higher tariffs, probably TRIPLE the tariffs that the customers had been fixed at. What a CON! What a SCAM! The directors of any energy company perpetuating such as scam should be blacklisted!
Read full article... Read full article...
Wednesday, May 05, 2021
Gas and Electricity Price Trends so far in 2021 for the United Kingdom / Personal_Finance / Household Bills
By: Dylan_Moran
With all of the major suppliers increasing their prices, consumers are becoming stressed in the United Kingdom. No one is certain what lies ahead and if the recent price increases will continue for the rest of 2021. With the average increases rising around £96 a year, people are feeling the sting to their wallets. Many are looking to experts to impart wisdom on what can be expected as the year goes on.Read full article... Read full article...
Friday, April 13, 2018
ISupply Energy Consumer Warning - Never Put Your Account Into Credit! / ConsumerWatch / Household Bills
By: N_Walayat
ISupply Energy is one of many small gas and electricity suppliers to UK customers at generally competitive prices. Unfortunately they are able to achieve their competitive prices through having far less overheads in terms of systems in place to manage their customer accounts. I say unfortunately for when things go wrong then communicating with the likes of Isupply energy is literally like talking to a brick wall as has been my experience over the past 18 months as an electricity customer.
So why I am not happy if their electricity prices are competitive against the likes of the bigger players such as NPower, British Gas and Scottish Energy?
Read full article... Read full article...
Friday, October 18, 2013
British Gas Freezing Pensioners Not Prices, 9.2% Price Hike, Exponential Inflation / Personal_Finance / Household Bills
By: Nadeem_Walayat
It's that time of the year when Britain's cartel of 6 energy suppliers steps forward one by one to announce extortionate price hikes with SSE's 8.2% of a few days ago now being followed by British Gas announcing that they will hike energy prices by 9.2% (gas prices by 8.4% and electricity by 10.4%).
Friday, November 12, 2010
British Gas (Centrica) Making Monopoly Rip off Profits with New Energy Price Hikes / ConsumerWatch / Household Bills
By: Nadeem_Walayat
British Gas (owned by Centrica) paid propagandists have been busy making appearances on the mainstream broadcast media with misinformation to try and persuade its 9 million retail gas and electricity customers that the announced price hike of 7% from 10th December is justified, when the facts are that British Gas is ripping off its customers by making near monopoly profits as evidenced by a 98% rise in gas profits for the first half of 2010 to £585 million.
Friday, September 18, 2009
Should Energy Companies Ripping off Customers be Nationalised? / ConsumerWatch / Household Bills
By: Nadeem_Walayat
Ofgem, Britains' toothless energy regulator announced today what customers already knew that Britians' six main energy suppliers (British Gas, E.ON, Scottish Power, Scottish & Southern Energy, EDF Energy) are ripping off their customers to the tune of more than £170 each per annum. In the face of a 75% fall in the whole gas price energy suppliers have raised prices by 20% on a year earlier, this is AFTER a 35% price hike during mid 2008. The industry representatives have publically replied that they may even raise energy prices further despite the fact that average wholesale prices for power has halved over the past 12 months which is reflected in projected profits for the sector of £4 billion over the next 12 months.
Tuesday, July 07, 2009
E.ON Energy Leads with Way with Tiny Gas Price Cuts / Personal_Finance / Household Bills
By: MoneySupermarket
Scott Byrom, utilities manager at moneysupermarket.com, said: "This price drop is a tiny step in the right direction.Read full article... Read full article...
Wednesday, July 30, 2008
British Gas Punishes UK Customers with 35% Price Hike / Personal_Finance / Household Bills
By: Nadeem_Walayat
A 100% rise in the wholesale gas price has resulted in retail gas suppliers in recent days pushing gas prices sharply higher. First to raise was EDF which announced a 22% rise, quickly followed by Britain's biggest gas supplier British Gas which today announced a 35% price hike. Read full article... Read full article...