You are here: Home - Household Bills - News -

British Gas latest to freeze prices but switching may save more

0
Written by: Paloma Kubiak
01/12/2016
British Gas today confirmed it will freeze standard variable tariff prices through the winter as a ‘Christmas thank you’ to customers.

The big six provider has unveiled a number of commitments to help bring “peace of mind” and help keep its six million customers’ bills down.

It will keep the price of its standard variable energy tariff unchanged through winter and said it will contact these customers for an annual health check to make sure they are on the right tariff.

The move comes just a couple of weeks after SSE announced it would not hike prices (standard variable) over the winter months.

It has also launched a new deal allowing households to fix energy prices for the next three winters, until March 2019 and CEO Mark Hodges said British Gas will continue to bring smart meters to more customers.

“The commitments we’ve made today show British Gas has been thinking hard about ways to improve how the energy market works for all our customers, and is taking tangible action. You will see us doing even more in the coming months,” he said.

‘Energy companies should be doing more’

Campaign Group Which? said customers should look to see if they can switch to get a better deal.

Alex Neill, Which? managing director of home and legal services, said: “While it’s welcome that another big energy supplier is freezing its standard tariff prices, these are generally the most expensive deals on the market and customers should look to see if they can switch to a better deal.

“Energy companies should be doing much more than simply freezing their prices this winter. We want them to set out what they’re doing to genuinely engage with customers who are stuck on these poor-value deals. The government and the regulator must be ready to act if energy companies fail to deliver.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Cost of an average three-bed rental home in London is £30,000 a year

Couples renting in the capital are priced out of starting a family as they fork out an increasing portion of...

Close