Utility privatisation was sold to us by Thatcher’s government as giving the customer choice and cheaper prices due to the introduction of competition. It was all supposed to be regulated too. (no i’m not pro-labour or pro-liberal btw)
All I can see are companies concocting the most complicated tariffs, with restrictive terms, being able to contractually lock us into bad deals which only serve to boost their margins.
It feels like we are the mugs to be taken advantage of and the regulator lets them get away with it.
Why can’t the regulator grow a set of balls and force these companies to charge one price for their energy, regardless of how and when a customer pays? (like it used to be – bar economy seven) Contracts should be be no more than 30 days and rolling.
If an energy company truly believes in offering a competitive deal, it wouldn’t need to create such a minefield.
Basically. all these energy firms are conning us!
I switched from N-Power last month. They were penalising me for my loyalty by not automatically switching me to a better tariff when one was introduced. When they asked me why I was leaving I told them that they should automatically keep their customers on the best deal. They told me that the onus was on me to go online and make the switch, but at no stage did they tell me a better deal was available, or suggest that i could do this. I only discovered they had 14 different tariffs when i went online to seek a different supplier.
I’m resigned to the fact that unless you keep tabs on absolutely everything you pay for these days, you’re gonna get screwed! Most people are too busy or simply don’t realise this, but what a lot of hassle! There is no customer care, no concept of customer with these firms. Only the agile avoid these scams, the rest pay.
Many are buying log burners and finding alternatives. I can only see this trend increasing.
The problem is we spunked away the proceeds of North Sea oil instead of investing in nuclear energy. We flogged everything off to foreign companies and now buy most of our energy from Russia and France. Strategically, the UK is is a weak position, so expect energy prices to stay high and then increase.
I’m sorry Mark!
Brilliant web forum though – I never ranted so much in all my life! 😆