Proof that electricity is overpriced (27 Oct, 2017)

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Re: Proof that electricity is overpriced (27 Oct, 2017)

Postby pctek » Fri Oct 27, 2017 2:04 pm

It's also not power. It's broadband.
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Re: Proof that electricity is overpriced (27 Oct, 2017)

Postby Malcolm » Fri Oct 27, 2017 2:28 pm

Australia got the network Rupert Murdoch paid for to protect his broadcast empire.
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Re: Proof that electricity is overpriced (27 Oct, 2017)

Postby aardvark_admin » Fri Oct 27, 2017 6:31 pm

pctek wrote:It's also not power. It's broadband.

It's power *and* broadband... you have to sign up for both to get the deal.
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Re: Proof that electricity is overpriced (27 Oct, 2017)

Postby patrick » Fri Oct 27, 2017 7:00 pm

These sort of loss leaders are common in the UK, eg. £250 to transfer your current/chq account to another bank, high interest rate on savings for first year, £30 for transferring your gas/electric to another provider (I suspect the energy market is more competitive here). half price broadband for first year, half price mobile phone contract for first year, etc.

They are relying on you being lazy and staying with them for longer than the contract term. In the bank I work in, customer inertia is considered something to take advantage of - once moved to a special deal, ~80% of customers will stay after the deal finishes. It is all costed out so the profits from those who stay after the deal finishes well outweighs any loss made on customers who leave as soon as their contract ends.
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