Hi all
Can anyone explain this please? My mother has just had a letter asking if she wants to cap her prices. It waffles on about 9% but I don't understand what this means!
Is it simply that prices are allowed to go up, but by no more than 9%? If so, what's in it for British Gas! Does she pay a higher rate across the board to cover this?
As most will gather, finances do not register too high on my priority list (unless I don't have any that is).
Thanks
Phil
Becuase they like diddling OAP's out of there pension - go somewhere else
Don't have a clue what this one means but they usually mean:
How can we persuade you to pay more than you have to in exchange for some promise?
How can we make the small print conceal that the promise is worthless?
How many poor mugs can we con with this scam?
Generally, they charge a bit more now but there's a limit to how much prices can rise. There's no substitute for reading all the small print, I'm afraid.
To be fair what they do with the premoum is take out futures contracts on gas.
But you can do that yourself. Cheaper.
I wonder if the average person read all the small print on ALL the policies, contracts and offers placed before them what proportion of their lives would be taken up?
The Unfair Terms in Consumer Contracts Regulations 1999 stop too much important stuff being lost in the very small print, but the OP says he doesn't even understand the letter, and then he comes on usenet and expects people here to know by telepathy what it meant. He needs to make some effort, surely?
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