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Latest Finance News related to Fixed-price

Tory claims over energy price cap are just hot air | Nils Pratley image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:46:24 PM
.... It’s not hard to guess what will happen if suppliers are forced to cut £100 from 17m standard-rate bills. The companies will yank their discount fixed-price tariffs to minimise the financial pain for themselves. ...
The Conservatives' energy price cap is not a strong and stable long-term policy image
.... In that sense, it will work. But the best fixed-price deals will inevitably go up, to offset the suppliers’ losses. ...
Energy bills: £100 cap plan defended by Theresa May image
Source : BBC [Read Article] Monday 8th of May 2017 09:51:56 PM
....Conservative sources have told the BBC there was opposition to the cap when it was discussed at cabinet, with Mr Clark among those expressing doubts. It is understood he favoured a "relative cap" that would allow energy companies more flexibility, but the prime minister was determined to press ahead with her plan for a fixed-price cap. ...
Dulux owner Akzo Nobel has shown its colours by rebuffing takeover bids | Nils Pratley image
....The Tories’ aim is clearly directed towards standard variable rates, but neither possible technique for capping prices is straightforward. Under a relative price cap – meaning limiting standard variable rates to within a few percentage points of fixed-price tariffs – it is possible that bills could increase, at least for the 30% of active switchers. ...
ENERGY PRICE WARNING: Fury as firms hit customers with sneaky £400 HIKES  image
Source : Daily Express [Read Article] Thursday 20th of April 2017 11:36:00 AM
....8 per cent dual fuel price rise being publicised. "Customers coming off cheap fixed-price tariffs can be in for a huge double whammy. ...
UK gas and electricity customers face price rise double whammy image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:59:19 AM
....Thousands of households are being hit with 40%-plus increases to their gas and electricity bills – far above the price hikes announced by the big energy firms in recent months. A combination of sneaky changes to billing structures, regional variations and the fact that many popular fixed-price tariffs have come to an end have left furious Guardian Money readers complaining that their bills are set to rise by £300 to £400 a year, contrary to official price rise figures from the major providers. ...
EDF raises electricity prices for second time this year image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:24:45 AM
....". Commentators said EDF customers on standard tariffs could save more than £300 a year by switching to the best fixed-price deal. ...
British Gas worst-value tariffs are not 'evil empire', boss says image
Source : Guardian [Read Article] Thursday 23rd of February 2017 01:28:27 PM
....The boss of British Gas’s parent company has defended the worst-value energy deals that two-thirds of households are on, saying they are not the “evil empire”. Iain Conn, Centrica’s chief executive, claimed such standard variable tariffs, which are around £200 more expensive than the cheapest fixed-price deals, are good value, customers found them attractive and chose to be on them. ...
Lack of transparency over green energy subsidies 'shambolic', say MPs image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:01:00 AM
....Sam Hall, researcher at the thinktank Bright Blue, welcomed the call for greater transparency. “One area where more clarity is needed is the cost to consumers of excluding the cheapest renewable energy sources, onshore wind and solar, from competing for fixed-price contracts,” he said. ...
Seven simple ways to cut your spending in 2017 image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
....If you are one of the two-thirds of UK households on your energy supplier’s “standard” gas and electricity tariff, you are almost certainly overpaying by £200 – more if you live in a big house. Get yourself on a fixed-price tariff right now. ...
EDF to hike electricity prices 8.4% with other providers expected to follow suit image
....2% but blamed rising costs for the increase in its electricity tariff. Experts urged customers on standard tariffs to lock into cheap fixed-priced deals while they were still available. ...
Energy customers could save £260 without switching, says Ofgem image
Source : BBC [Read Article] Wednesday 14th of December 2016 11:04:45 AM
....In the UK as a whole, 66% of households are on standard tariffs. However Npower said that customers were unlikely to be able to save £261, as fixed-price deals were usually limited to a certain number of customers. ...
Energy bills mislead with phantom savings offers image
Source : BBC [Read Article] Friday 18th of November 2016 10:16:21 PM
....Energy customers are being misled by savings offers on gas and electricity bills which never materialise, the BBC Money Box programme has discovered. These phantom savings offers are being made to people on fixed-price energy tariffs and are a consequence of rules imposed by the energy regulator Ofgem. ...
Collective switching: can clubbing together lower your energy bills? image
Source : Guardian [Read Article] Thursday 17th of November 2016 07:00:41 AM
....Mark Todd, co-founder of Energyhelpline, admits the savings offered by collectives versus best buys are modest. “Our winter collective winners beat the cheapest comparable (one-year fixed-price tariff) by £20 a year. ...
‘Switch and save’ say energy experts, as fixed-rate tariffs end image
Source : Guardian [Read Article] Saturday 5th of November 2016 07:01:40 AM
. Householders who signed up to one of 64 fixed-price gas and electricity tariffs which are due to expire in the next few weeks are facing price rises of up to £285 a year, energy experts are warning. ...
ScottishPower to offer bundles of energy to customers image
Source : BBC [Read Article] Friday 16th of September 2016 07:32:04 AM
. ScottishPower customers will soon be able to buy gas and electricity in bundles of days rather than signing up to standard or fixed-price deals. ...
Co-operative Energy leads list of energy suppliers increasing prices image
Source : Guardian [Read Article] Saturday 10th of September 2016 05:59:23 AM
....Claire Osborne, energy expert at uSwitch. com, says it is not just the Co-op that has upped the cost of the cheapest deals this summer – 21 energy suppliers have replaced their cheapest fixed-price deal with more expensive plans since June, increasing prices by an average of £23. ...
British Gas loses 224,000 customers in three months amid anger over boss' £3.7m salary image
. The provider's parent company Centrica said the the drop in customers came as long-term fixed-price contracts finished, and consumers switched suppliers to smaller rivals - that typically offer lower costs to homes. ...
How has my fixed-rate Co-op energy bill spiralled to £2,000? image
Source : Guardian [Read Article] Thursday 3rd of March 2016 07:00:56 AM
. I signed up to Co-operative Energy in June 2012 and was led to believe that I was agreeing to a fixed-price contract for dual fuel, currently standing at £111. ...
Scottish Power to cut gas prices by 5.4% image
Source : Guardian [Read Article] Tuesday 2nd of February 2016 12:49:42 PM
....Neil Clitheroe, Scottish Power’s chief executive for retail and generation, defended the reduction: “Over the past year, we have tried to always offer our customers competitively priced dual-fuel tariffs. This has encouraged more of our customers to switch between tariffs, with now close to one in two on fixed-price products. ...
ScottishPower cuts gas prices by 5.4pc from mid-March image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 11:07:25 AM
.... • Click here to compare gas and electricity prices . Neil Clitheroe, chief executive of ScottishPower's retail arm, said almost half of its customers were on other, fixed-price tariffs. ...
'What has happened to my gas supply Scottish Power?' image
Source : Telegraph [Read Article] Monday 1st of February 2016 12:45:55 AM
.... The major problem I have with Scottish Power is that the gas supply was not transferred at the start when the electricity was. When it was finally moved, it was put on a standard tariff and not the fixed-price deal that the contract states. ...
Source : Reuters [Read Article] Wednesday 20th of January 2016 08:25:14 AM
....E. ON also launched a new price which it says is the cheapest available energy tariff in Britain - a one-year dual-fuel fixed-price product available to new or existing customers. ...
Pensioner's shock £400 bill from new supplier image
Source : Daily Express [Read Article] Sunday 17th of January 2016 12:16:00 PM
....”. Many fixed-price dual-fuel deals come to an end this month amid demands for suppliers to pass on savings from low oil prices. ...
Energy switching campaigns 'failing' as households remain on expensive tariffs image
.... . Ministers and energy regulator Ofgem have repeatedly urged consumers to shop around for cheaper deals, with savings of about £200 a year typically on offer if households opt for a fixed-price deal instead of suppliers’ standard variable tariff. ...
Green Star Energy promises: ‘Use as much gas and electricity as you like’ image
....Guardian Money understands that those who sign up will be subject to a “fair use” policy, and that households that use significantly more power than expected will be first warned and could, ultimately, be shifted on to the firm’s standard tariff. “We’ve seen in recent years some customers moving to fixed-priced tariffs. ...
'Scottish Power won’t listen to me'  image
Source : Telegraph [Read Article] Monday 5th of October 2015 01:32:46 PM
.... This meant that your account reverted to a standard tariff. Your final £111 bill included five days of charges on the original fixed-price rate and 40 on standard rates. ...
Poundland launches online delivery - for £4 image
Source : Guardian [Read Article] Tuesday 1st of September 2015 04:04:34 PM
.... When its preliminary results were announced earlier this year, the company had 588 stores in the UK and Ireland. Consumers’ love of a bargain has driven a boom in fixed-price retailers, but some are now questioning whether the era of rapid growth is over. ...
Superyachts in demand as shipbuilder Pendennis rides a wave image
Source : Telegraph [Read Article] Tuesday 25th of August 2015 10:13:13 AM
.... • 140 years of Lurssen, the superyacht builders . Working to the custom designs of individual clients can also leave the company exposed, as the business uses fixed-price contracts where hours and costs can over-run. ...
British Gas to cut gas prices by 5% image
Source : Guardian [Read Article] Wednesday 15th of July 2015 09:12:33 AM
.... Nevertheless it recommended a price cap on high-cost tariffs, which could come in as early as January 2016. Customers on British Gas’s other two fixed-price tariffs, where prices are immune to rises or cuts until autumn 2016, and those on older tariffs no longer available to new customers will not benefit from the cuts. ...
British homes overcharged £1.2bn by Big Six energy giants: The best deals of smaller firms image
.... Roger Witcomb, chairman of the energy market investigation, said: "There are millions of customers paying too much for their energy bills – but they don’t have to. "Whilst competition is delivering benefits to increasing numbers of customers, mainly through the growth of smaller suppliers with cheaper fixed-price deals, the majority of us are still on more expensive default tariffs. ...
Millions could see energy bills cut after inquiry finds prices are too high image
.... . "Whilst competition is delivering benefits to increasing numbers of customers, mainly through the growth of smaller suppliers with cheaper fixed-price deals, the majority of us are still on more expensive default tariffs. ...
Poundland to hit £1bn sales mark as bargain fever continues  image
Source : Telegraph [Read Article] Saturday 13th of June 2015 02:00:47 PM
.... Poundland chairman Jim McCarthy says Brits love a bargain. Poundland, which serves around five million customers a week, was launched in 1990 and is the largest of the fixed-price discounters in Britain. ...
Plane crash linked to software fault image
Source : BBC [Read Article] Wednesday 20th of May 2015 10:39:51 AM
....3bn; £14. 5bn) under a fixed-price contract in 2003. ...
....Q. The Independent reported the story of a Frenchman with a legal claim against Aviva over a fixed-price arbitrage life contract that could potentially send the insurer to the wall. ...
Npower's '£00' direct debit that prompted non-payment threats image
Source : Telegraph [Read Article] Friday 13th of March 2015 07:03:29 PM
.... Problems started two and a half months ago when npower advised that my online tariff was reaching its end. I spoke to an adviser and arranged a new fixed-price account. ...
Big energy suppliers 'loss-leading', claims Ovo Energy image
Source : Telegraph [Read Article] Sunday 8th of March 2015 08:00:21 PM
.... . The majority of customers of the Big Six suppliers are on their standard variable tariffs, several of which are more than £200 more expensive than their cheapest fixed-price deals. ...
We'll advertise rivals' energy deals, says First Utility (but only if they do too) image
.... . Ian McCaig said he would be happy to notify customers if they would be better off with a different supplier as part of a radical shake-up of the energy market designed to shift the majority of households off expensive variable tariffs onto cheaper fixed-price deals. ...
Airbus profits rise despite A400M delivery delays image
Source : BBC [Read Article] Friday 27th of February 2015 11:31:08 AM
....Last month, Airbus parted company with the head of its military programme after governments including Germany, France and Turkey complained about delays to the A400M military transport plane. Built at a cost of €20bn with orders from several European countries, the A400M was a fixed-priced contract that hit production problems and cost-overruns. ...
Profits fall 35% at British Gas owner Centrica as customers exit over bills image
Source : Independent [Read Article] Friday 20th of February 2015 01:20:28 AM
....The results came a day after a Competition and Markets Authority inquiry found that millions of families paid up to £234 a year too much for their energy by failing to switch supplier. But Mr Conn claimed that the gap between standard and cheaper fixed-price deals stemmed from the “falling market” in wholesale prices. ...
Hinkley Point new nuclear plant faces further delays image
Source : Telegraph [Read Article] Thursday 12th of February 2015 09:00:44 AM
.... The suppler said it had gained customers during 2014, with on average 194,000 more accounts during the period than in 2013. Some 40 per cent of its customers are now on fixed-price deals, the highest proportion of any Big Six supplier. ...
Airbus profits jump but more problems loom for A400M  image
Source : Telegraph [Read Article] Friday 14th of November 2014 11:57:36 AM
.... . The UK, France, Germany, Italy, Spain, Turkey, Belgium and Luxembourg became partners in it, but the €20bn fixed-price contract suffered rising costs during development and eventually received a €3. ...
Airbus profits rise but more A400M problems loom image
Source : BBC [Read Article] Friday 14th of November 2014 08:26:24 AM
....5bn. Built at a cost of €20bn with orders from several European countries, the A400M was a fixed-priced contract that hit production problems and cost-overruns. ...
BAE's deal to upgrade F-16 fighters gets shot  down image
Source : Telegraph [Read Article] Thursday 6th of November 2014 05:57:11 PM
.... The F-16 was originally built by General Dynamics, which was bought by Lockheed. The company added that it made it clear that it was "committed" to a fixed-price deal and "remained confident" it could have done the work "efficiently and cost-effectively". ...
Hot energy saving tips to give you a warm winter feeling image
Source : Daily Express [Read Article] Wednesday 1st of October 2014 01:14:00 PM
.... . Households on fixed-price tariffs face yet another price hike as 16 popular deals end this week according to price comparison site uSwitch. ...
Switch energy supplier if your fixed-price tariff is coming to an end image
Source : Guardian [Read Article] Friday 26th of September 2014 06:00:07 AM
. Thousands of householders who are coming to the end of year-long fixed-price energy tariffs face rocketing bills over the winter months if they stick with their existing supplier. ...
Nasa picks astronaut crew ship designs image
Source : BBC [Read Article] Tuesday 16th of September 2014 08:42:09 PM
....It has meant Nasa having to pick favourites. The Boeing Corporation is going to receive a fixed-price Commercial Crew Integrated Capability (CCtCap) contract worth up to $4. ...
Source : Independent [Read Article] Friday 12th of September 2014 11:00:00 PM
....Q. In May we switched energy supplier to save money, choosing an online, fixed-priced tariff offer from Scottish Power. ...
First Utility aims to double its energy customers by 2016 image
Source : Telegraph [Read Article] Monday 8th of September 2014 05:00:28 AM
.... . Both scenarios could result in the company withdrawing some of its cheapest fixed-price tariffs, which reflect current low wholesale costs, from the market, he warned. ...
The potential consequences of Drax's legal defeat on biomass subsidies image
Source : Guardian [Read Article] Thursday 7th of August 2014 05:40:57 PM
. It is hard to keep up with the twists in the tale of Drax's attempts to win fixed-price government subsidies to help convert two of its dirty coal-fired units to run on biomass pellets. ...
'Scottish Power is billing me incorrectly' image
Source : Telegraph [Read Article] Monday 28th of July 2014 08:18:11 AM
. I had a dual fuel fixed-price contract with Scottish Power at our old house and asked for it to be transferred to our new house when we moved in three and a half months ago. ...
Market Report: Power surge for Drax Group image
Source : Daily Express [Read Article] Tuesday 15th of July 2014 12:01:00 AM
. The FTSE 250 company’s market value had plunged 13 per cent in April after a surprise decision by the Department of Energy and ­Climate Change not to award its second unit a fixed-price subsidy. ...
Poundworld lands millions in funding image
Source : Daily Express [Read Article] Tuesday 1st of July 2014 12:00:00 AM
. The 240-store fixed-price retailer will use the loan from Santander Corporate & Commercial to open up to 150 more stores in the next three years and develop its international supply chain. ...
Is Australia's government debt really as bad as Tony Abbott claims? image
....25% it pays that interest for 10 years even if the bond yield goes down during that time. The Australian Office of Financial Management has a list of all the current fixed-price government bond issues. ...
Neil Woodford's Equity Income fund: should you buy in the 'offer period'? image
.... A. Some advertisements placed by brokers selling the new Woodford Equity Income fund offer the chance to "get in on the ground floor at £1 per share" and say the "fixed-price offer closes on 18 June". ...
TUI sees summer sales soar for its all-in deals image
Source : Daily Express [Read Article] Wednesday 14th of May 2014 12:20:00 AM
. A rush for fixed-price holidays pushed up average UK selling prices by 5 per cent and offset a 3 per cent drop in bookings. ...

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