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Energy Costs : Price Cap / Rises / Bankruptcies / Scandals / News And Other Related Issues - Page 9 - Carers UK Forum

Energy Costs : Price Cap / Rises / Bankruptcies / Scandals / News And Other Related Issues

Discuss news stories and political issues that affect carers.
89 posts
Where can I top-up my British Gas pre-pay meter now ? Changes mean fewer terminals to buy energy from while minimum amount rises substantially.

Change to Payzone terminals means there are 15,000 fewer top up locations.

Minimum payments have increased from £1 to £5.

Customers can switch to another supplier and get a cheaper deal.

https://www.dailymail.co.uk/money/bills ... r-now.html

Can you get a better deal ?

British Gas' prepayment 'Safeguard' tariff costs on average £1,216.04 per year, which is a fraction under the prepayment price cap limit of £1,217.

However, households could save money by switching to a different supplier for their pre-payment tariff.

The cheapest current prepayment tariff is with Bulb on their 'Vari-Fair' tariff costing on average £1,025.22 a year – a difference of £171.55.

Bulb was vocal earlier in the year about prepayment costs, stating that millions of households are paying too much for their energy when they have a pre-pay meter.

The number of homes requiring a pre-pay meter installed under warrant by court to recover debt went up from 81,000 to 84,000.

Other top tariffs include Nabuh Energy with their SMART PAYG Lizzy Tariff, fixed for 12 months, which costs an average of £1,035.76.

As mentioned above, you'll need to be less than £500 in debt with your supplier in order to switch.

Where possible, getting off a pre-pay meter can pay dividends.

The cheapest fixed deal on the market at the moment is Utility Point's Just Up 19 Wk49 Direct v3 tariff which costs £822 a year on average - £203.22 than the cheapest prepayment deal and £394.04 cheaper than British Gas' prepayment tariff.
That Unholy Trinity ... EAT / HEAT / ROOF :

Britons paying 40% more for energy than in 2015, analysis reveals

Price rises have far outstripped inflation with dual fuel bills costing on average £1,813 a year

Energy bills have risen by 40% in five years, taking average UK household costs up to a record of £2,707 a year, research has revealed.

Comparethemarket’s study examined the costs of energy, home and motor insurance since 2015, and found that gas and electricity price increases were largely responsible for this year’s changes.

The analysis says financial pressures have worsened despite the energy price cap introduced at the beginning of 2019. Dual fuel bills now cost an average of £1,813 a year, a 40% hike from £1,289 in 2015.

The cap has led to many providers, particularly the big six – British Gas, EDF Energy, E.ON UK, npower, Scottish Power and SSE – raising their prices.

The annual report did not examine the costs of broadband, mobile or TV services, which also involve heavy outlays.

Simon McCulloch of cComparethemarket.com said: “A lot of attention during the general election was devoted to financial difficulties that many people face around the UK.

“These statistics are a stark reminder of not only the high cost of essential services, but of the huge increases that have been seen in the past few years. The average cost of energy, motor and home insurance is now £675 higher than 2015 – far above the rate of inflation.”

According to the Office for National Statistics’ composite price index, items that have risen in line with inflation are 11.59% pricier now than in 2015.

The analysis draws attention to the regional disparities in utility costs, finding that London households were paying £3,129 a year – over £400 more than the national average.

In contrast, those living in Scotland spend only £2,470 on bills, despite experiencing colder weather than the English capital. Lower bills are largely because of significantly cheaper Scottish car insurance.

The West Midlands is the UK’s second most expensive region, with bills averaging £2,910 in 2019.

While the cost of car and home insurance has remained broadly unchanged this year, there are indications that motor cover will rise over the next year. Comparethemarket attributes this to mooted delays to reform of personal injury claims for whiplash injuries and changes to the Ogden rate, used to calculate compensation payable to victims of traffic accidents.

McCulloch said consumers should always look around for better deals. “With the average saving for these products standing at £482, shopping around clearly goes a long way to mitigating the dramatic bill increases we have seen in recent years,” he said.

The energy cap is due to expire by 2023. Ofgem, the government regulator for gas and electricity markets, has previously said “it will be up to the government to consider if the market is working well enough for the cap to be removed”.

The only ones smiling are the directors and shareholders of these companies.

After all , isn't private enterprise all about making monies ???
Oh dear , cutbacks in shops / outlets accepting " Catherine Wheel " payments ???

Bassetlaw mum-of-four unable to top up power slams British Gas.

A Carlton in Lindrick householder has told how she is unable to top up the gas and electricity in her home after her supplier moved its payment points out of the village.

The 50-year-old, who did not want to be named, said British Gas no longer allowed energy customers to use Pay Points to pay for household power.

Instead, they had switched to Pay Zone - with the nearest branch almost two-and-a-half miles away in Worksop’s Gateford Road.

The mother-of-four was dumb-struck to be told the news on Thursday this week when she tried to pay for gas and electric at Carlton’s Long Lane One Stop store.

Because she is unable to drive the retail worker told how she faces a five-mile round trip on the bus to pay for power in her home.

She said: “I don’t drive and my mother has a disability so how is she going to manage?

“How are people on low incomes supposed to afford public transport every time they need to pay a bill?

“I’m not the only person in the village in this position - there are a lot of low-income people in this village.

there are a lot of low-income people in this village.

Yep ... one usually earns a medal every year for having to reside in that manor !
" I am disgusted with British Gas " : Prepayment customers vent their anger at the energy giant over problems with Payzone terminals.

British Gas prepayment customers express their fury at changes.

They now have to top up at Payzone terminals or the Post Office.

Many say they have been without energy and struggling to top up their meter.

https://www.dailymail.co.uk/money/bills ... giant.html

One of the main issues with the change is that prepayment customers now have 15,000 fewer locations to top-up at around the country.

This has left many stuck miles away from their nearest top-up point, with some now having to take long trips regularly.

However, customers can top-up online or can get smart prepayment meters installed.

Another issue is that customers are also now required to spend a minimum of £5 when topping up their card as opposed to the previous limit of £1.

This is a problem for the more vulnerable customers who rely on being able to top up just a couple of pounds at a time.

Others have said that the points they expected to be able to use would not serve them, with some of the Post Office branches not yet offering the Payzone service.
Energy customers hit with backdated bills.

When Clare Crisp received an email from her energy provider, Shell Energy last November, she was shocked and confused.


However, energy firms are no longer allowed to issue these kinds of " catch-up " bills for a period of more than a year.

Regulator Ofgem banned firms from doing so last year, to make sure customers such as Clare wouldn't be left struggling financially, or even in debt, after receiving unexpected bills.
Could you cut your energy bill costs by switching to the best deals ?

We reveal seven tricks and traps to watch out for.

https://www.dailymail.co.uk/money/bills ... deals.html

Savings: tricks & traps

1) Regular meter readings: Make sure you check every time you receive a bill, rather than relying on an estimate by your energy provider's estimate.

2) Change to online bills: You could save up to 10 per cent.

3) Avoid prepayment meters if you can, and swap to a billed meter. Even if you have to pay to get one, it's probably worth it for the savings you'll gain.

4) If you're in financial trouble some companies offer special deals, which help ease any difficulties you might be facing. But don't just assume this will be the cheapest option - make sure you still do your homework.

5) Dual fuel (gas and electricity from the same supplier) is not always the cheapest option.

6) Monthly direct debit payments could save you 5 to 10 per cent as companies are more confident that customers won't default and earn interest on any overpayments. Check any extra payments are refunded at the end of the year.

7) Swot up on how to lower your energy use: This guide gives you a few top tips to help you save more money by cutting your gas and electricity use
That's happening all the time with those who are connected to a bad supplier. As far as I know, a couple of friends of mine had the same problem, even my older brother had to deal with this issue too. I remembered he told about that last year and he was trying to manage this problem somehow. He made it through when he switched his supplier, but it took him some time. He started to do all this by himself,but he would probably never manage it. At least he was lucky enough to find usave.co.uk, this service done all the job without my brother's participation. He had to enter his postal code and to choose from the available suppliers in his area. To be honest, I don't know how much suppliers were available in his area, but he chose the best one. I think I might try this too, maybe next month
Revealed : The best energy tariffs on the market that DON'T require you to have a smart meter installed - as more suppliers make it a requirement

Many suppliers insist customers have to get a meter installed to get cheap deals.

This is so providers can meet their smart meter installation targets.

We reveal the best deals on the market you can join without having one fitted.

https://www.dailymail.co.uk/money/bills ... alled.html
What a surprise .. or not ?

Major UK gas firms 'unlikely' to pass on wholesale price cuts.

Smaller companies offering reductions to households but big six face ‘challenging times’

Wholesale gas prices have fallen to a 10-year low, but while challenger energy companies have begun to pass on the reductions, households have been warned that the UK’s “big six” providers are unlikely to follow.

https://www.theguardian.com/money/2020/ ... price-cuts
89 posts