Watching the debacle of energy price decreases from afar (I’m out of the UK presently) it would seem that there was much ado about nothing – especially as they are now all over.
Back in November and December 2008 talk was fervent around big price decreases due to the massive erosion of oil prices. Sadly all [...]
Posts Tagged as ‘energy’
March 17, 2009
Energy price decreases are over – what now?
February 14, 2009
Better switching advice
Consumers have benefited hugely from the simple, straightforward advice given by MoneySavingExpert, Martin Lewis. However, sometimes a market is more complex and simple advice isn’t necessarily the right advice.
Take the energy market at the moment.
MoneySavingExpert is currently saying:
“DON’T SWITCH”
“The market is in a state of flux. Do a comparison now and it makes no [...]
February 14, 2009
EDF Energy cuts electricity prices
EDF Energy has cut it’s electricity prices by 8.8% (on average), delivering a £40 price cut (on the average electricity bill size) to the majority of the 2.3million customers currently residing on it’s standard plan.
These price cuts aren’t a clear cut across the board set of changes. What we are seeing is a set [...]
January 5, 2009
Energy price decrease signals
The number is 10%, and both British Gas (British Gas’ 10% discount on standard rates) and ScottishPower (ScottishPower Price Sure product) have shown that this is the guide price they are looking to follow when discounting some of their products.
It is very easy to pass on a price cut on a acquisition product, a lot [...]
December 10, 2008
Energy: government threatens legal action
The news and comments today from the governments Ed Miliband could have some significant and far reaching consequences for the UK’s energy market.
In short the government is asking energy suppliers to review the charges and costs for customers who have been less than able or unwilling to switch supplier, and consequently get a better deal.
Miliband [...]
October 13, 2008
Energy price rise predictions: round 2
Energy prices are still set to rise, you don’t need to be a crystal ball gazer to predict that.
We have seen a good chunk of increases this year already, from all of the Big 6: British Gas, ScottishPower, Scottish & Southern Energy, e.on, npower and EDF Energy; these seemed to be off the back of [...]
October 8, 2008
Energy regulator Ofgem calls the shots
Anyone reading the vast majority of the articles following Ofgem’s Energy supply probe findings, would be forgiven for thinking that all they’ve managed to do was find 4 million odd customers who have been overpaying on their bills for the past couple of years.
The overpayment relates to the fact that these customers don’t have any [...]
September 30, 2008
Consumer Focus goes live
Tomorrow, 1st October 2008 is the day that consumers have been waiting for. This is the day that Consumer Focus goes live. The Chief Exec, Ed Mayo has been talking about it, and everyone will surely be talking about him as consumer advocacy enters a new era (at least for the energy consumer).
Energy [...]
May 28, 2008
Fixed term contracts
For the energy market to work better, and for suppliers to offer more value, we need to look at the benefits of moving to fixed term contracts.
The issue in doing this, is that it reduces freedom of choice, and the ability of consumers to switch away at the drop of a hat (….which frankly hasn’t [...]
