British Gas raises prices by 22%!!!
17 February 2006, 03:37 PM
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British Gas raises prices by 22%!!!
The sh*t's hit the fan now alright.
I don't use them myself, but now long before the others follow suit.
If that doesn't trigger a recession in this country I'll be amazed.
http://news.bbc.co.uk/1/hi/business/4723648.stm
I don't use them myself, but now long before the others follow suit.
If that doesn't trigger a recession in this country I'll be amazed.
http://news.bbc.co.uk/1/hi/business/4723648.stm
17 February 2006, 03:41 PM
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disgusting. Gas costs me a friggin fortune as it is... £200 a quarter at the moment. good job summer is coming, Turn the damn heating off...lol
17 February 2006, 04:09 PM
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Chaps you need to understand that Gas/Electric prices to buy from abroad were increased several months ago however British Gas has not reflected this untill now 
Also you will find all the other Companies will increase their prices as they have to pay more to buy their supply too
!
Also you will find all the other Companies will increase their prices as they have to pay more to buy their supply too
!
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17 February 2006, 04:14 PM
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Even at £20/week for my gas and leccy its still not bad if you think it heats the house, the water etc and powers everything from the kettle to lawnmower.
Maybe it will encourage a few more people to be energy concious.
Chip
Maybe it will encourage a few more people to be energy concious.
Chip
17 February 2006, 04:22 PM
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Originally Posted by Chip
Even at £20/week for my gas and leccy its still not bad if you think it heats the house, the water etc and powers everything from the kettle to lawnmower.
Maybe it will encourage a few more people to be energy concious.
Chip
Maybe it will encourage a few more people to be energy concious.
Chip
17 February 2006, 05:23 PM
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And remember we have a lot of gas powered power stations in the UK, so expect 10-20% hike in electricity bills too....
This is on top of petrol prices which are slowely increasing, my local station is charging 91.9p for unleaded now - creaping up all the time
The most worrying thing is that these prices arent a blip, the only way is up from here on
This is on top of petrol prices which are slowely increasing, my local station is charging 91.9p for unleaded now - creaping up all the time
The most worrying thing is that these prices arent a blip, the only way is up from here on
17 February 2006, 06:15 PM
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Well for once I think we're one of the better off for gas and electric prices in Europe.
British Gas have just had a 70% hike in the cost to them and the EU is going to look into unfair practices of the continental suppliers. It is a big price hike but it's not too surprising all things considered. All the other UK retailers will follow suit shortly I should think.
British Gas have just had a 70% hike in the cost to them and the EU is going to look into unfair practices of the continental suppliers. It is a big price hike but it's not too surprising all things considered. All the other UK retailers will follow suit shortly I should think.
14 April 2006, 12:20 AM
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Gas heating costs
I wrote recently that British Gas had told me that I have an old boiler (Potterton kingfisher RS80) for which spare parts will not be available in the near future and I should think of having a new boiler installed. I have a home care contract with them. Mog replied that spare parts for this boiler will be available and that BG are just trying to drum up business. I concur with Mog on this and decided to wait before rushing to change the boiler. BG recently sent me a questionaire and based on my answers they have send me a breakdown on my heating costs and pointed out that I can save nearly 40% if I have a new condensing boiler, TRVs etc. The rationale being that old boilers are inefficient and new ones are more efficient etc. My space heating and water heating costs are approx. £1300/year. According to BG I could save nearly £500 - a hefty sum - by installing new boiler and some of the other things. Is this true? has anyone any thoughts on this. I suppose It must be true that new boilers are more efficient - hence savings. The question is, is it as much as BG are making out or are they just encourqing me to give them business! Look forward to your views or experiences Jes
14 April 2006, 08:30 AM
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Why blame British Gas ? It all about supply and demand, this country no longer is a gas exporter and the price you pay is a reflection of this. Why would they as a business want to supply an end user cheaper they can sell into the traded market for ? If your not happy with them vote with your feet.
As for coal it is back, a number of powerstations have switched over the winter period from gas to coal.
As for coal it is back, a number of powerstations have switched over the winter period from gas to coal.
Last edited by Scooby-Doo; 14 April 2006 at 08:32 AM.
14 April 2006, 09:57 AM
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Originally Posted by logiclee
Bring back coal.
And all the pollution that goes with it would be great wouldnt it
Chip
14 April 2006, 09:59 AM
#18
We are getting stiffed by the exporters seeing as they can get away with it, perhaps we could impose higher prices on our exports to persuade them to keep their prices down, oh ****, we dont actually export anything anymore !
14 April 2006, 10:47 AM
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Originally Posted by Chip
Let's bring back Scargill as well shall we. Just think of all those romantic candlelit dinners you could be having again like we did 25 years ago.
And all the pollution that goes with it would be great wouldnt it
Chip
And all the pollution that goes with it would be great wouldnt it
Chip
Technology has moved on a bit since the 70's.
A third of the UK's energy demand is still met by coal burn, unfortunately the vast majority is supplied by expensive foriegn imports.
De-sulphurisation plants have existed for years and the new proposed Hatfield powerstation will pump it's CO2 back out to sea to fill the empty North Sea gas/oil fields.
The lights may be going out again soon but I expect it will have more to do with the lack of investment rather than any industrial unrest. The UK's power industry is the cheapest and most productive (Gas and Coal) in Europe, just not much of it left.
We may wish to lower our emissions but just think of the emerging economies like China, they have no clean burn technology and this year alone will burn 1.3 Billion tons of coal.
Cheers
Lee
08 February 2007, 04:31 PM
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Nice they have come back down again though Still up on where they were before the massive hike, but it's an improvement.
Still up on where they were before the massive hike, but it's an improvement.
08 February 2007, 04:59 PM
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not really. The prices are capped, not fixed. If price goes down, so do payments. They just don't go up to mad levels
08 February 2007, 05:08 PM
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08 February 2007, 05:22 PM
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It was obvious that in the short-medium term gas prices would come down again a fair bit with the new pipelines and fields coming on line this year.
BG saw that people were panicking when they increased prices a few times when gas prices went up steeply (in the short term) and saw an opportunity to exploit people with fixed prices when they themselves knew they would shortly be falling again.
BG saw that people were panicking when they increased prices a few times when gas prices went up steeply (in the short term) and saw an opportunity to exploit people with fixed prices when they themselves knew they would shortly be falling again.
08 February 2007, 05:46 PM
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But I'm sure thats not the case here
For sure, in the absence of his forecast recession, Robin is no doubt somewhat "amazed"
Last edited by ///\oo/\\\; 08 February 2007 at 05:49 PM.
08 February 2007, 05:59 PM
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It was obvious that in the short-medium term gas prices would come down again a fair bit with the new pipelines and fields coming on line this year.
BG saw that people were panicking when they increased prices a few times when gas prices went up steeply (in the short term) and saw an opportunity to exploit people with fixed prices when they themselves knew they would shortly be falling again.
BG saw that people were panicking when they increased prices a few times when gas prices went up steeply (in the short term) and saw an opportunity to exploit people with fixed prices when they themselves knew they would shortly be falling again.
Last winter I offered plenty of customers the opportunity to hedge over the winter period. Some took the deals and did well. Others didn't and then bitterly complained when prices went throught the roof and demanded to be let into positions that were then closed. This winter they all took hedged positions and will probably come out of it no worse than if they'd gone with the market but they certainly won't be making any huge savings.
There's no exploitation here. You either go with a fixed price or take your chances with the market and with the BG deals there is the opportunity to get out of the rate by paying a redemption penalty.