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Sorry if this is posted in the wrong. Forum. I thought I had read somewhere that the yearly compulsory price increases were to be stopped. Is this true or have I mislead my self. Thanks
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Not stopped, but required to be communicated more clearly and openly.
Instead of percentage increases linked to CPI, the big providers have been moving to fixed annual increases specified in pounds and pence. Their offers now include text like “price increases £3 annually every March”
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DougM
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This link should explain the state of play from January next year.
Existing contract are not impacted.
ofcom statement
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Register (or login) on our website and you will not see this ad.
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Have been seeing £3 typically - with CPI down at 2-2.5% plus 3.9% giving 6.4% which on a £30 contract is about £2, consumers are going to lose out with the simplified method.
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M H C
taurus excreta cerebrum vincit
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In my view the only fair way is to have a fixed price for the duration of the contract or no contract (i.e. 30 days notice).
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I do agree, I'd rather pay the install charges and get a 12-month contract, then the provider gets to re-assess what they want to charge me a year later. If they don't feel they can predict their own costs 24-months out then don't put me on a 24-month term.
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Have been seeing £3 typically - with CPI down at 2-2.5% plus 3.9% giving 6.4% which on a £30 contract is about £2, consumers are going to lose out with the simplified method.
Come, come, MHC. As a longtime contributor did you REALLY think it would work out any other way?
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Have been seeing £3 typically - with CPI down at 2-2.5% plus 3.9% giving 6.4% which on a £30 contract is about £2, consumers are going to lose out with the simplified method.
Come, come, MHC. As a longtime contributor did you REALLY think it would work out any other way?
NO. Deep down, I knew what would happen.
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M H C
taurus excreta cerebrum vincit
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The providers should be forced to give a headline figure which is the *average* monthly cost over the contract term, not the initial price.
If they did that, there would be no incentive to tail-load the pricing as they do.
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Have been seeing £3 typically - with CPI down at 2-2.5% plus 3.9% giving 6.4% which on a £30 contract is about £2, consumers are going to lose out with the simplified method.
They attempted to hold the banks account with charges, but the result was the charges where worse than before.
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