Member Article

Rocketing Sky Prices Open Door to Exodus

Sky’s latest set of price hikes could likely start an exodus of unhappy customers with their second set of price increases in 2012.

With the hikes being so extreme – at 18%, some SEVEN times higher than the rate of inflation – customers will not face penalties for cancelling their contracts even if they are within the minimum term in keeping with OfCom guidelines.

After forking out £2.28billion for rights to Premiership football for three years (£675million more than the previous contract), Sky have admitted that this left them with tough choices yet claim that the decisions aren’t related. This is hard to believe. Non-Sky Sports subscribers should not be burdened with such an increase.

A top tip that everyone should be reminded of is to make sure you’re not tied into a contract with penalty costs. This is why we urge consumers to shop around before getting into contracts, as suppliers can be prone to increase prices knowing full well that many customers will not change providers due to many factors, such as lack of knowledge of the market or merely down to convenience.

With energy providers also set to increase prices for the winter, consumers must aware of the ease of switching. Do not settle or simply accept these increases; there is no lack of resources available to consumers so it has never been easier to change.

This was posted in Bdaily's Members' News section by MyMoneyPA .