OF COLD WINTERS, SOARING ENERGY PRICES AND MEGA PROFITS

Three things are already given and well known. One being the fact that this winter is chillier then has been in many a years, two is that common households are feeling the heat in the form of their ever increasing monthly gas and energy bills and last but not the least, the energy and gas companies are making a killing thus. Many go on to the extent of stating that this has been the chilliest of winters in the past hundred years.

At the same time, when it comes to Profit margins for most of the energy companies, they are enjoying as much as 50 per cent more profits then before. British Gas was among the first names that increased its energy and gas prices. This hike was again increased by as much as seven percent at the very onset of December last year.

Talking of numbers, it was only Last autumn that the leading six energy firms enjoyed an impressive £65-a-year profit per customer. This number has again soared big time this winter which is seeing a profit of as much as £97 per customer annually. In the mean while, even as oil prices continue to soar, energy and gas prices soar subsequently as well.

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British Gas, Managing Director, Phil Bentley is at the same time not one bit perturbed with the accusations going on about the energy companies charging inhumanly high prices. This is the same as many of the other leading gas and energy companies who feel that they are charging pretty reasonable yet and they have not intentionally hiked the prices. At the same time leading UK regulator, Ofgem, is already looking into the matter and investigating as to how appropriate the prices set by energy companies are.

Bentley states the fact here that British Gas energy bills for an average households only in the last year of 2010 were a good £100 lesser then back in 2008.for once, he doesn’t see how people are complaining and why at that. Add to this the £50 credit that British Gas is giving to the 340,000 low income customers that are signed and listed on its Essentials tariff.

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Previous Post: ENERGY GIANTS IN HEATED ACTION Even AS THE COLD SOARS

ENERGY GIANTS IN HEATED ACTION Even AS THE COLD SOARS

All the energy giants are looking at winning over more and more customers. This is even as energy prices continue to soar and touch the skies. For once, the companies are looking at newer and newer ways to woo the customers. Looking at the number graph energy bills have gone up by as much as £560m in United Kingdom itself.

This is again a figure since 2008. This is a fact that is again been brought to light by the leading comparison site uSwitch. E.on has been the latest energy company to make a hike in its gas and energy prices. This has been the case with all the other energy companies that have raised their domestic bill prices as well.
One would do well to observe that these energy giants have also been among the leading sports sponsors.

This has in turn seen giving rise to a marketing challenge to the utilities. The very sports field has become a battleground for these energy companies to win over a customer as against the wishes of one another.

EDF Energy gave a sponsorship of as much as £40m being associated with the London 2012 Olympic Games. Add to it, the company has recently also got the rights to become the title sponsor of the London Eye. EDF will be shelling out as much as £8m which would again be over a period of three years. This deal has been signed with Merlin Entertainment which in turn has the commercial rights to the famous landmark.

British Gas has already got it a deal which was signed last year. Here the figure was as high as £15m and for a period of five-years. This was for the cause of supporting British Swimming, the sport's governing body. Same has been the case with nPower and the others.

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Previous Post: ENERGY DISCOUNTS FOR THE LOW INCOME HOUSEHOLDS IN UK

ENERGY DISCOUNTS FOR THE LOW INCOME HOUSEHOLDS IN UK

British gas has sure come into to play benefiting many a houses that would be smiling at least somewhat. This is even as the energy provider has given a good £50 discount to the vulnerable customers. This discount is bound to positively affect as many as thirty four thousand customers. This will see them getting at least some respite in these financially hit and hard times. This is even as the consumption of gas and energy this chilly winter has also been high. While even higher have been the gas and energy prices.

This is where British Gas has gone a step further in helping out the many needy by offering as much as £20 million in investment. This sum will go into the British Gas Energy Trust that is an independent charity. The idea again behind this charity is to help out the ones struggling from paying their finances. This charity has been set up to help people who are struggling with household debts, including energy bills.

But then there are the critics who feel this is simply a miniscule sum when compared with the heavy profits as is being made by these energy and gas companies over the winter. The revenue that these companies will be collecting over the period of time is bound to be tremendous. Consumer Focus' Head of Energy Audrey Gallacher also shared similar sentiments.

As for the ones who are looking at claiming the £50 relief. This discount is again for the customers who are on British Gas' Essentials social tariff. Those interested in knowing more about this discount may actually call British Gas on 0800 048 0202.

This apart, another good way of doing some savings is by visiting a comparison site and checking for the best of deals there. One may actually end up with a lot of savings by switching his user in case if he is getting a good deal in the bargain that is.

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Previous Post : COLD WINTER AND SOARING PRICES

COLD WINTER AND SOARING PRICES

When the winter gets this harsh, life can be quite difficult. When it becomes all the more expensive, the trouble adds up no ends. Even as a major part of the population is struggling with their finances to meet with their daily needs, the mammoth task of paying the gas and energy bills at the end of the month can be all the more trying. In fact, it is estimated that households are going to be shelling out as much as £650 on their gas and electricity bills.

This sum is again for the coming three months itself. The alarming thing being the fact that this sum is a good £100 increased when compared with last year. Add to this most of the energy and gas providers are also increasing their prices which is simply not helping matters one bit. Amidst this, even npower has made a 5.1 per cent price increase which will now have to be dealt with by its gas and electricity customers. This means as much as £54 more to be paid to the yearly average bill. British Gas, Scottish Power and Scottish and Southern are the other leading names that have gone in with similar price hikes as well.

This apart, it’s only EDF that has given some respite to its customers by stating that it will not increase its prices but rather freeze them at least until the 31st of March 2011. This price hike has actually seen Wholesale gas prices reach their maximum in the past two years. This is going to increase all the more by as much as ten percent in the year later on. For once, people are busy running around trying to do as much of savings as possible. People could do well with checking thoroughly and keeping a sharp tab on what and how much they are using. This is by checking with the supplier with the meter reading or going online for that matter.

Energy Smart from the house of British Gas is a good way to do savings for their subscribers, thus by getting an idea as to what will a subscriber’s next bill be. One may simply put his current meter reading online and instantly get a good enough prediction as to what his next bill will be. The increased VAT isn’t going to help matters either.

Then there are the energy comparison sites like Energyhelpline, Moneysupermarket and uSwitch. Here one may simply get a compete idea of his or her overall annual gas and energy bill. Then of course as much as forty percent of our yearly bills comprise of the winter season. One may think of switching over to another supplier who is offering a better deal. Energy regulator Ofgem states that a good half of the homes in England haven’t even thought of switching over to a new supplier.

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