{"id":2008,"date":"2011-05-03T11:56:25","date_gmt":"2011-05-03T10:56:25","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=2008"},"modified":"2011-05-04T13:48:11","modified_gmt":"2011-05-04T12:48:11","slug":"new-laws-for-household-energy-companies","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=2008","title":{"rendered":"New Laws for Household Energy Companies"},"content":{"rendered":"<p>New Rules came into force on 28<sup>th<\/sup> April 2011 preventing Household Energy Companies from increasing their prices to customers who pay by standing order and similar payment methods without giving the customer 30 days\u00e2\u20ac\u2122 notice.<\/p>\n<p>Until this date, the companies had an obligation to write to customers but could do so up to 65 days after the actual increase in price.\u00c2\u00a0<\/p>\n<p>Ofgem, the Energy watchdog which operates under delegated powers, has brought in the new regulations to give households more time to check the rates of other providers and therefore to enable the customer to switch their provider before any uncompetitive increase.<\/p>\n<p>The new rules force the Energy companies to give 30 days\u00e2\u20ac\u2122 notice of any change to their contract that will leave customers significantly worse off.<\/p>\n<p>Most energy companies have brought in price increases over the last 6 months blaming the wholesale market costs.\u00c2\u00a0 It is rare for an equally swift or comparable reduction when the wholesale market costs\u00c2\u00a0drop back on the world markets.\u00c2\u00a0<\/p>\n<p>Although some of the larger Energy companies have already implemented this policy over the last few months since the regulator informed the market last year that this was to be a new rule, this is now compulsory on all Energy suppliers.<\/p>\n<p>Most persons could save significant expenditure by checking their energy costs.\u00c2\u00a0 Price comparison websites are a good place to start in exploring the potential savings that could be made.<\/p>\n<p>28<sup>th<\/sup> April 2011<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Rules came into force on 28th April 2011 preventing Household Energy Companies from increasing their prices to customers who pay by standing order and similar payment methods without giving the customer 30 days\u00e2\u20ac\u2122 notice. Until this date, the companies had an obligation to write to customers but could do so up to 65 days &hellip; <a href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=2008\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Laws for Household Energy Companies&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-2008","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Laws for Household Energy Companies - Property Surveying NEWSLETTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=2008\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Laws for Household Energy Companies - Property Surveying NEWSLETTER\" \/>\n<meta property=\"og:description\" content=\"New Rules came into force on 28th April 2011 preventing Household Energy Companies from increasing their prices to customers who pay by standing order and similar payment methods without giving the customer 30 days\u00e2\u20ac\u2122 notice. 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