On 13/09/2011 20:45, John wrote:
> http://crave.cnet.co.uk/gadgets/ofco...lves-50005164/
>
> About time too.
I think the important thing is to inform the customer, not just roll
over and lock in for another repeat period with exit penalties. Some
people may quite like the convenience and terms of being rolled over for
another year if the price is right. The important thing is being
updated, the choice, and the price.
A one-year rolling lock-in may be beneficial if the price monthly price
would have gone up (as most utilities seem to at the moment) half-way
through the subsequent year.
Contrast this with some savings accounts where savers are locked in for
an initial fixed term, then as soon as the term ends, they are sneakily
dropped into an account paying peanuts.
The cookie crumbles both ways: caveat emptor.