Do you just ask to go on the "Gas Tracker" tariff?
Tempted to try it.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Tempted to try it.
Sound's like I'll switch to Octopus come end of Feb based on all the chatter
Could ask for the several hundred pounds now or I guess Scottish Power will do it anyway when I leave them. Hmm, please tell me they don't send a cheque and take 30 days.
Could ask for the several hundred pounds now or I guess Scottish Power will do it anyway when I leave them. Hmm, please tell me they don't send a cheque and take 30 days.
Soldato
Centrica boss refuses to say if he will waive bonus after ‘obscene’ £3.3bn profit
Chris O’Shea urged to ‘look at his conscience’ amid cost of living crisis and prepayment meter scandal
www.theguardian.com
Associate
That's what I did. So far, totally worth it. It's been 6-7p/kwh since I got on it earlier this month, no idea what it will be like long term.
Caporegime
Centrica boss refuses to say if he will waive bonus after ‘obscene’ £3.3bn profit
Chris O’Shea urged to ‘look at his conscience’ amid cost of living crisis and prepayment meter scandal
Breaking into peoples homes and force fitting pre payment meters really paying off for British Gas.
Could be worse, we could have some dirty commie state-run gas supplier that existed to provide an essential utility, rather than profits. Disgusting.
I’m not defending the practice but given they have to get a court order to do it, the relevant checks and safeguards should have already been being applied.
At some point you have to draw a line if people can’t pay. The whole point of that court order is to check that line has been crossed.
So if you want to blame anyone, I’d point at the regulators if the checks and balances are not working. That doesn’t get the same rabble rousing response as blaming energy companies at the moment so it won’t happen.
It also puts those in arrears in a really tricky position. If they keep building debt, the next step is to enforce it/make them bankrupt.
Ultimately if the the money can’t be recovered, those costs are socialised to everyone else through higher bills, at the end of the day, someone has to pay for it.
Controversial take I know but it’s the reality of the situation.
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Soldato
The situation of literally hundreds of court orders being signed off in a few minutes apparently by courts should never have been allowed to happen. It seems BG took full advantage of that. Until they were called out on it of course.
Soldato
Scanning above I couldn't see it, but we have no solar or eV but am tempted to get a battery to charge in cheaper spells and run the house in others. Has anyone gone with this use see?
So that’s BGs fault because the courts and tribunal service failed in their duty, not sure I follow that one.
BG can apply for as many orders as they want, just like the police can ask for as many search warrants that they want. Just because they have asked, doesn’t mean they should be approved. It’s literally the courts entire job to ensure the relevant checks and balances as set out in statute are followed.
If the statute, regulation or guidelines are wrong then the buck is passed to the regulator and the government I’m afraid.
Sure you can place moral blame on the energy company, but that’s all it is.
Edit: It’s also worth pointing out that the energy companies are legally required to protect the interests of their shareholders.
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Soldato
Ofgem says ban on forced prepayment meters will end in six weeks
The prospect of a return to the practice in April may raise concerns among consumers facing large hikes in bills
www.theguardian.com
The current situation on this : every household is paying an additional ~£40 a year, to recover the costs of the people who haven't paid their energy bill.
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you sure it was people, customers, who didn't pay?
I thought it was energy companies not hedging their gas supply and having to buy at market prices. Bulb mostly
The recovery of lost credit balances from the bust suppliers is a separate additional cost
That should be fun when the people who thought they could milk their meters and get away with it realise they will have to pay for what they used.Ofgem says ban on forced prepayment meters will end in six weeks
The prospect of a return to the practice in April may raise concerns among consumers facing large hikes in bills
Centrica boss refuses to say if he will waive bonus after ‘obscene’ £3.3bn profit
Chris O’Shea urged to ‘look at his conscience’ amid cost of living crisis and prepayment meter scandal
Just putting that number into content - I understand the British Gas part of that was about £72 million, down by 39% on previous year..., with about 9 millions customers
£72m (profit) / 9m (customer households) = £8 per year, per household profit for BG
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That is what I meant about not taking any action now potentially makes it a lot worse for those people later.That should be fun when the people who thought they could milk their meters and get away with it realise they will have to pay for what they used.
The bigger debt, the more likely it is they will end up with a bankruptcy petition and if there had been intervention earlier, it may not have gotten that far.
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Soldato
There is a solar thread in home and garden best to ask there
In short though its a big risk to go that way as its of course 100% reliant on having cheap pricing thats cheap enough to cover the conversion losses (I would assume 10% loss) and being able to store enough to get an ROI
well they just need to ensure they do not have to pay a premium for the energy delivered that way.Ofgem says ban on forced prepayment meters will end in six weeks
The prospect of a return to the practice in April may raise concerns among consumers facing large hikes in bills
future is bleak . Blare https://www.resolutionfoundation.org/publications/the-only-way-is-down/
Associate
I don't understand why prepaid is more per unit. There's less overhead in terms of account management, and no credit risk..? Should be cheaper than postpaid.