British Gas put up Energy & Gas prices for the second time in 12 months.

British Gas put up Energy & Gas prices for the second time in 12 months.


British Gas have put up their prices on Energy and Gas by an average of 16% and 18% respectively. The price rises comes after ScottishPower hiked their tariffs last month. With wholesale energy prices going up worldwide is there anything the consumer can do to stop their monthly bills increasing.

 

There still are deals to be had but the cheapest tariff for you is dependent on your location in the UK because rates are different in different regions. Comparison website like uSwitch allows you to compare all relevant tariffs in your area with reviews for service and satisfaction.

 

Once you have made your decision to change your supplier uSwitch will do all the hard work such as forwarding your details. The process should take 4 – 6 weeks. Fixed energy tariffs provide a good way of ensuring your bills are manageable, just watch out for the end of the fixed period. Go for paperless billing and direct debit and you’ll usually get discounts. Some of the new electricity companies are offering good deals, like Ovo Energy’s Fixed New Energy Fixed Plan.

Scottish Power Latest Energy Deals

Scottish Power is offering consumers a brand new energy tariff that gives them a combination of heating cover and energy for £1,211 per year, on average. The uSwitch.com price comparison site noted that, although the online variety of Platinum Fixed Energy January 2014 is amongst the pricier new energy tariffs currently on the market, it has several additional benefits that others lack.

For instance, not only will Scottish Power’s energy tariffs be fixed until January 31st 2014, it will give its clients an energy monitor that normally sells in the shops for about £30. In addition, they will have the benefit of Home Comfort Standard boiler cover from Scottish Power, which normally costs about £152.52. Last, but not least, Scottish Power will also give its customers a 25% discount on insulation for cavity walls, which is usually worth roughly £75.

Tom Lyons, uSwitch.com energy expert, remarked that, for consumers who want an energy monitor and heating cover, and plan to have cavity wall insulation installed, Platinum Fixed Energy January 2014 offers a basic energy expense of £1,028, which is only £145 more costly than Save Online v2 from E.ON, currently the cheapest online plan, at £883. Scottish Power’s product, however, has the added benefit of ensuring that its customers have a fixed rate for almost four years.

According to Lyons, consumers who don’t wish to avail themselves of these benefits should shop around for a less expensive deal, and plans available online can be as much as £300 per year cheaper than the standard deals. He added that the deal was only the beginning of what he expects to become a succession of packaged plans for online customers. Recently, uSwitch.com called upon utility providers to ensure that their annual statements to their customers are as informative and clear as possible.

Switching Tariffs – is it worthwhile?

In spite of British Gas’ 98% profit increase last winter, due to an 8% rise in gas usage, the utility provider is giving mixed signals about whether or not it will raise its gas prices this winter. Consequently, industry experts are unsure of what the future holds, with some warning that prices will increase, while others maintain that rates may even drop further. Either way, consumers should visit an energy comparison site, such as uSwitch, to ensure that they’re getting the best possible deal on their utilities. Several of the lowest gas tariffs have risen recently, and, even without an overall price increase this winter, some of the cheapest deals are expected to rise further. Currently, the best deals are variable dual fuel tariffs, processed online and paid via direct debit each month. While it may seem wise to quit British Gas immediately, the utility provider still offers one of the lowest average household tariffs around. On the Websaver 8 rate, bills average £898.82 annually, while the standard annual rate is £1,157.27. British Gas clients who are currently on the standard tariff are well advised to switch energy tariffs to Websaver 8 in order to ease their frustration at the profit news from the utility giant. Homeowners can save even more if they switch electricity providers to Eon, which offers the SaveOnline v2 tariff, costing the average household £882.71 annually. Industry experts say that, although variable online tariffs are the best, this might be a good time to use uSwitch electricity and switch energy providers for a fixed-tariff deal. A fixed rate ensures that prices remain the same for the duration of the fixed period, usually a year. If consumers find a fixed tariff on uSwitch electricity that comes to about £900 annually, it’s a good idea to consider it, even if it is a bit more expensive than a variable deal. Consumers should avoid a fixed rate from firms such as EDF and Scottish & Southern, whose fixed-rate deals come to almost £1,100 per year. The best fixed-tariff deal is the dual fuel GoFix Version 2 from npower, at £902.38 for a typical household. Rates are fixed until July 30th 2011, and consumers who switch energy providers during that period will incur a £20 per fuel exit penalty. Ovo has a New Energy rate that is only a little pricier, at £926.18 annually, and therefore an option worth considering.

npower Tariff Prizes and First Utility Tariff Rises


Price Alert: Last week First Utility raised prices on their online dual fuel plans iSave v1 & v2

iSave v1 is going up from £954 to £1136 – 19% increase
iSave v2 is going up  from £921 to £1136 – 23% increase

Prize Alert: Win Football League Club Experience Days

This promotion is not available on any other comparison website apart from through uSwitch directly or uSwitch-energy! Sign up to absolutely ANY npower gas or electricity plan – including Sign Online V19 which is currently one of the cheapest online plans, before the 15th August 2010 and you will be entered automatically into a prize draw to win one of the npower Football League Club Experiences on off.

Compare npower Price Plans

How to Cut Energy Costs This Summer

With the longer, warmer days of summer fast approaching, there are a few minor changes you can make that will help you with energy saving. Okay, so you’ve oiled the lawnmower, dusted off the picnic paraphernalia and bought summer clothes, but what about making some practical energy cuts that will save you money and help the planet?

The following energy saving tips will do both:

Give your overworked tumble dryer a rest; it’s done hard labour all winter. Invest in a clothes’ line and let your bloomers blow in the breeze! With warm summer sunshine to dry damp dungarees, you’ll make energy cuts and save.

Take a relaxing stroll, or cycle to and from work, while the mornings and evenings are bright and warm. Giving your car a rest saves fuel, tyres and oil, all of which are bad for the environment and your pocket.

Don’t swap the stuffiness of winter heating for the sterile chill of air conditioning. Let Mother Nature cool your house with her balmy breezes. Just leave a few windows open to let in the sweet scent of flowers and fresh-cut grass, and save on air freshener, too. Remember to close the curtains or blinds so the sun doesn’t heat up your rooms, though.

If it gets a bit chilly in the evening, don’t turn on the heat, there’s no law against wearing a woolly in summer!

Consider investing in a new freezer or fridge-freezer for those cold drinks and ice for your cocktails. An energy saving recommended appliance could save you as much as £34 per year.

Don’t spend summer days sweating in a smelly gym, get out in the sunshine and do something constructive with your energy, like cutting roadside weeds, building paths for cyclists or restoring industrial land. You’ll get in shape, and you’ll have the satisfaction of doing something to help the environment and the community.

Let Mother Nature take care of your lawn – she invented grass, after all. It will thrive in the summer rains, and you can collect rainwater from your roof to water it if it gets really dry. Also, if you raise your lawnmower’s blades just a smidge, the longer grass will protect the soil and keep it moist.

Finally, light up your life with nature’s warm bounty, and open your curtains in the evenings to let those golden rays in. They’re good for you!

npower Sign Online 18

Npower, a member of the ‘big six’ group of utility companies, is jockeying for a top spot in the energy price war that has been going on recently, with its two new tariff offerings, Price Guarantee and Sign Online 18. It has revealed its best online tariff yet, the new Sign Online version 18, a duel fuel tariff that has caused something of an uproar in the marketplace.

Energy industry experts are hailing it as a major contender to the number one position holder, OVO Energy, which has dominated almost the entire standard rates’ table since its inception. According to a spokesman for Energylinx, the comparison partner of Energychoice.co.uk, the new budget tariffs that Npower has introduced make it abundantly clear that the utility company intends to move its operations into the highly competitive end of the market, and the new cut-price tariffs it has introduced will cause quite a commotion amongst its competitors.

The Sign Online version 18 tariff has a per-fuel £20 premature termination fee if consumers switch to another utility company prior to June 30 2011, and comes standard with monthly direct debit payments and online account management.

Price Guarantee, the other new offering from Npower, is not only capped until May 31 2011, it also has zero termination fees, which is somewhat unusual for a utility provider. Industry expert for Energychoices.co.uk, Chris Eagle, said that there have been many energy price cuts amongst the top utility companies in the past several weeks, and recommends that consumers who have been with the same energy provider for a year or more should compare prices now, to find out if there’s a better deal available with another provider, and switch if they find one in their area that’s offering a more cost effective deal that will suit their needs.

Big Six Energy Companies All Drop Prices

In a recent announcement, Scottish Power revealed that it will cut its energy prices from March 31, which makes it the last member of the ‘big six’ group of utility companies to make energy price cuts this year. Industry experts say that this is the optimal time for consumers to compare prices and switch to a better deal if they find one, since now they can make a fair comparison between all the utility companies, and it’s unlikely that the market will undergo any more major changes in the foreseeable future.

Scottish Power’s energy price cuts will reduce its clients’ bills by 8%, a saving of £66 annually per average customer, making it cheaper than British Gas. Scottish and Southern, EDF, Npower and E.ON announced a short time ago that they will also implement energy price reductions of between 4 and 7% by March 31. In February, British Gas led the trend when it cut its energy costs by 7%.

Director of energy retail for Scottish Power, Raymond Jack, urged consumers who pay by direct debit every month, or who use online account management, to avail themselves of the discounts that are being offered. He said that Scottish Power clients should make easy changes to their payment method, and switch to online account management, in order to save even more.

According to www.energychoices.co.uk account manager, Chris Eagle, switching to a new supplier that offers better prices is one of the best ways in which consumers can save money on their utility bills, and the optimal time to switch is now. He remarked that, with Scottish Power finally joining the war on high energy prices, the playing field has been levelled and consumers can get a proper comparison without the possibility of more energy price cuts within the next few weeks

E.On Price Cuts

E.on customers will receive a 6% price reduction from the 31st of March, making it the latest utility supplier to introduce energy price cuts. According to E.on, the average household that is paying by direct debit will see a £42 annual saving as a result. This move follows the price cuts that Scottish & Southern and British Gas have made, which reduced their usual domestic gas prices by an average of 4% and 7% respectively. It also follows a period of reduced wholesale prices.

Uswitch, a price comparison website, said that this means E.on’s standard energy tariff will become the cheapest after Scottish & Southern. It added that British Gas still offers the cheapest domestic dual fuel rates, for electricity and gas, of the six biggest utility companies.

Approximately 5.5 million customers in the UK use E.on energy, but the E.on price cuts will not benefit a lot of those consumers, because they are either on deals with fixed rates, or use only electricity. Pressure has been put on gas providers to make energy price cuts, since the wholesale prices they pay have fallen.

Consumer groups, however, have been critical of the sector, due to its failure to move faster with energy price cuts during one of the coldest winters that has been experienced in the UK in many decades. In addition, the price cuts that British Gas made came into effect immediately, while E.on and Scottish & Southern customers will have to wait for the end of the month before they see the benefit of theirs.

It is expected that the E.on energy price cuts will push other members of the ‘big six’ utility companies to cut their prices too, thereby benefiting their customers and levelling out the playing field when it comes to energy prices in the UK.

What are Smart Meters?

Smart meters, which the government hopes to have installed in every UK home by 2020, will transform how you use and pay for your electricity and gas. These wireless display units will monitor your energy usage and send the information to your supplier, thereby removing the need to read the meter or estimate bills. They will also give you real time readings that will help you to check and reduce your energy consumption.

While smart meters won’t guarantee lower energy bills, they will make your readings more accurate, and, by giving you real time readings of your energy consumption, help you to reduce it and thereby lower your emissions and bills. Some utility companies are also offering smart meters to clients who sign up for tariffs such as the Smart tariff from First:utility, Off Peak tariff and the EnergySmart tariff from British Gas. First:utility is currently the only energy provider that is offering free smart meters, and only to its customers in the East Midlands and Midlands, if they sign up for its Smart tariff.

Smart meters, if used proactively, will allow you to reduce your energy usage, and also change how you interact with your energy provider. Npower foresees an abundance of new, off-peak tariffs coming onto the market, with ‘happy hour tariffs’ that offer cheaper energy during off-peak hours. Brits won’t have to pay for smart meters, and they will make it far easier for householders to export the energy they’ve micro-generated to the grid.

Smart meters will also make it possible to bring out ‘smart’ appliances that can be programmed to run only when cheap energy is available. Since smart meters mean that utility companies will not have to employ meter readers any more, it has being suggested that these savings should be passed on to consumers.

British Gas Price Drop

The British Gas price cut of 7% will mean cheaper energy bills for eight million families around the UK, and save £55 per year for the average consumer, the company says. While consumer energy prices for electricity remain unchanged, this is the second cut in gas prices that British Gas has made in the last year. Energy providers have been under fire for failing to pass on wholesale gas and oil price cuts to consumers. In February 2009, the price of wholesale gas dropped significantly, but the price of domestic gas was reduced only slightly in the spring.

The cut in consumer energy prices for British Gas customers could start a spate of cost reductions amongst competitors, and consumer groups predict that a price war is on the cards as a result of the British Gas price cut. The company’s announcement comes on the heels of a number of warnings that the nation is about to enter a period of steep energy price increases.

Consumer groups recommend that people use this opportunity to check that they’re getting the best deal possible, and look into switching suppliers if they’re not, to ensure cheaper energy bills. For average consumers, the Websaver v6 is now the UK’s cheapest, at £899 per year. Tariffs are generally cheaper for large consumers. The typical price of some other UK suppliers for an average household that uses electricity and gas is £907 for npower’s Sign On-Line 17,  £916 for first: utility’s iSave v2 / Smart Dual Fuel v3,  £921 for OVO Energy’s New Energy, and £929 for Atlantic Electric’s Online Fixed Price.

Over the last 12 months, British Gas has reduced the average household’s dual fuel bill by £187 with its price reductions. Critics, however, maintain that customers should have benefited from the lower wholesale prices sooner.