Pricing Increase Notification
Got an e-mail notification of Ts & Cs changing in Nov 2023. It identifies price increases in Apr 2024 of RPI+3.9%. I am only 4 months into an 18 month fixed price deal. Will my contract subscription ...
Forum Discussion
The introduction of inflation-linked price changes, which comes into effect in April 2024 when RPI is projected to be lower than it is today, will give customers clarity and certainty about what to expect from their bills while fuelling the investment required to meet growing demand for our services. Cheers
Looking at the guidance on this page, it suggests that contracts will also be affected (see scenario 1 and 2). The terms and conditions also state that they can make these changes as long as they notify us and give the option to terminate the contract without an early disconnection fee.
Instead of responding with useless corporate speak, maybe @Matthew_ML could provide some actually useful information to people who are worried about fixed contracts not being worth the paper they are written on, and Virgin Media once again potentially making above inflation price rises for their services?
cozzer365 wrote:Looking at the guidance on this page, it suggests that contracts will also be affected (see scenario 1 and 2). The terms and conditions also state that they can make these changes as long as they notify us and give the option to terminate the contract without an early disconnection fee.
Instead of responding with useless corporate speak, maybe @Matthew_ML could provide some actually useful information to people who are worried about fixed contracts not being worth the paper they are written on, and Virgin Media once again potentially making above inflation price rises for their services?
I too looked at this guidance and it appeared to be at odds (and for other posters in this thread) with what I was promised back in March 2023 when I renewed for 18 months.
The email states that any future price increase will be RPI (February's number) + 3.5% rather than just inflation-linked so let us be clear about this April 2024 increase.
As for giving clarity @Matthew_ML, all we want to know now before 31/10/23 whether customers on contracts, taken out earlier in 2023, will be subject to the implied RPI+3.5% increase in April 2024 (which appears to be happening) - especially to those who have renewed contracts in good faith (and in my case having the telephonic call records) that the price charged in month 1 of said new contract would remain the same for the duration of the contract particularly when assured orally that this was the case.
So to VM, time to be transparent about the situation arising from said email that has landed recently in customers inbox.
I haven't received any such email. Are all existing Virgin Media customers going to receive one?
Shroko wrote:I haven't received any such email. Are all existing Virgin Media customers going to receive one?
Your guess is as good as mine I'm afraid.
I'm also afraid that VM are more likely than unlikely to raise prices in April 2024 by RPI +3.5% judging by the deathly silence.
As my contract states a fixed discount of £22. the increase is likely to be on the undiscounted cost of whatever package folks are on.
Example - I am on a discount of £22 on a package price of £59 (costing £37 after discount is applied). If RPI inflation is say 5% in February I would expect to see a new undiscounted price of 59*1.085 (RPI + 3.5%) = £64.01 , less discount still £22 i.e £44.01 paybale from April 2024.
I'd like to be corrected on any flawed logic of mine🤔
