Another little trick is they all pull is dropping various plans and replacing them with dearer ones thinking consumers don't notice,according to the news yesterday there are 400 various energy plans between all the companies,which is ludicrous
Yes it's done on purpose to make it harder for people to compare tariffs as if it was easy to do this then all customers would ditch the expensive tariffs and move to the cheaper ones hitting profits !
Talking of profits -
http://www.bbc.co.uk/news/business-14321673British Gas says it has been selling gas at a loss since April due to the rising cost of gas on the wholesale markets.
The company said that without the August price rises, it would have made a loss in the second half of the year, "wiping out" the £270m profit its residential business made in the first six months of the year.
My heart bleeds
I don't believe that for a minute as it has been pointed out that although the wholesale costs have risen, they are still around 30% cheaper than they were last year and that means that the recent price hikes will be increasing the energy companies profits even more.
We are with EDF at present and there is no plan cheaper(at present) for us than the one we are on,but that can change in an instance.
I used to be with EDF on their standard tariff but I moved to British Gas to save money on it's online tariff but since joining their have been 2 price hikes (this latest hike is much bigger than the hike around 6 months ago) so it's no longer a competitive tariff.
Isn't it a daft policy that if you are an existing customer then you are not allowed to go on to an online tariff at least this is the case with EDF and so I left them.
This must surely be leading to an exodus of customers !?