unexpected November record breaking price increase

Since discovering the alarming November unit cost of gas jumping 33%. I have been searching for an explanation.
Yes I understand prices can go up .yes I understand the reason for price increases. Yes I saw a notification that there would be an increase in November
What I cannot understand is the last Bulb blog that I can find states that the November price increase will be 11%.
Why then is it 33%. ie the old price for my area was 2.82 per unit but from 11th November it is 3.75p

What I cannot understand is the last Bulb blog that I can find states that the November price increase will be 11%. Why then is it 33%. ie the old price for my area was 2.82 per unit but from 11th November it is 3.75p

Prices vary by region around the UK. The quoted 11% figure is the average increase. Some regions will be lower, some, like yours, higher.

Hi @ambvol,

You say the price rise was ‘unexpected’. I received an email on the 11th of September about the price rise, it is also showing in my Bulb account (under My Account and Tariff Info → Messages → Variable Price Change Email 11th September) and it was on the Bulb blog at https://bulb.co.uk/blog/energy-price-watch-changes-to-our-energy-prices-sept , Bulb also gave people a ‘warning’ on the 9th of August along with posting their blog article at https://bulb.co.uk/blog/wholesale-energy-market-update-august warning that if wholesale prices don’t change, they’ll have to increase their prices).

Did you not get any of those notifications?

Have you checked whether your bill is based on readings or estimates? 33% sounds like bulbs own winter estimates to me, nothing to do with gas prices. Did you know can alter the amount of your monthly dd yourself? rather than pay bulb’s inflated estimate DD. I’m wondering if Bulb’s inflated estimates is its business model. Instead of monthly smoothing as with fixed price deals, seems to me they dropped prices to appear in the price comparisons & then hiked & overestimated lots of customers. Or maybe just a coincidence.]

Instead of monthly smoothing as with fixed price deals, seems to me they dropped prices to appear in the price comparisons & then hiked & overestimated lots of customers. Or maybe just a coincidence.]

Could you substantiate your allegations?

Given the direct debit level doesn’t affect the price, or indeed the price comparison sites, it seems to me you’re talking nonsense.

It’s a good job price comparison sites understand the difference between the bill and the monthly payment, because it sure seems like the vast majority of people do not.

Glymey

The poster said “November unit cost of gas jumping 33%” which suggests the query has nothing to do with estimated readings.

I can’t locate the thread even after searching the forum, but there was an explanation by a Bulb team member a couple of weeks ago why the unit costs for gas had increased well over the 11% figure.

From memory it was that Bulb had kept their gas prices lower than the percentage previous wholesale hike in prices. However this couldn’t be maintained so the unit prices for some regions increased by the 30% figure to more accurately reflect the wholesale prices over the period.

I’m sure if anyone can find the thread it will provide a more definitive answer than mine.

PS Update,

possible links : http://community.bulb.co.uk/discussion/comment/22905/#Comment_22905
http://community.bulb.co.uk/discussion/comment/22183/#Comment_22183