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Board Gáis increase

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  • 06-07-2018 5:48pm
    #1
    rodge123
    Registered Users Posts: 1,457 ✭✭✭


    I recently signed up to 12 month contract with board Gáis through onebigswitch and got 28% off standard unit rate.

    I see they are increasing their rates by 5.8% in August.

    Anyone know if my rates will go up or they are fixed at rate on signup for contract duration?

    Do they have to inform me?

    Can I cancel contract and move to cheaper provider if they increase within my 12 month contract?

    Thanks


Comments

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    #2
    L1011
    Registered Users Posts: 69,015 ✭✭✭✭L1011


    You would need to see if you are on a fixed contract price, there are fixed and floating ones.

    If floating, they are allowed increase and it doesn't provide a break clause.


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    #3
    CeilingFly
    Closed Accounts Posts: 3,378 ✭✭✭CeilingFly


    Nope, you have a variable rate that can go up and down.

    It would make no difference as gas prices have risen worldwide (50% up from 15 months ago) and every supplier is increasing prices and not just here - most countries


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    #4
    rodge123
    Registered Users Posts: 1,457 ✭✭✭rodge123


    CeilingFly wrote: »
    Nope, you have a variable rate that can go up and down.

    It would make no difference as gas prices have risen worldwide (50% up from 15 months ago) and every supplier is increasing prices and not just here - most countries

    In that case what’s there to stop them hiking my price by 1000% once I’ve signed up to a 12 month contract?!
    Highly Unlikely I know but my point is surely there is some maximum they can increase prices before customers are allowed break out of contract.

    I signed up to them because my existing supplier wouldn’t match their rate, I need to check but it’s possibly cheaper to move back to if supplier now with discounted rate as new customer again.


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    #5
    joeysoap
    Registered Users Posts: 6,245 ✭✭✭joeysoap


    The discount with every supplier is off their ‘standard: rates. So yes it will go up but conversely your savings are now greater ie 28% off 100 is less than 28% off 106.


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    #6
    CeilingFly
    Closed Accounts Posts: 3,378 ✭✭✭CeilingFly


    rodge123 wrote: »
    In that case what’s there to stop them hiking my price by 1000% once I’ve signed up to a 12 month contract?!
    .
    Absolutely nothing to stop them doing that except basic business common sense as a large number of their clients would not be in contract and would leave them overnight.

    In addition they will allow you out of contract for a fee - usually about €75.

    But ALL providers are hiking prices, so there's little to gain. And possibly there are more hikes to come.

    Gas is a commodity and traded internationally just like oil and can move up/down.


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