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More increases in electricity bills?

AJJewsbury

"Analysts told the BBC that local distributors and suppliers are moving charges which were once part of a consumer's unit price for energy (which now has a tight upper limit on it) over to their standing charge. They are also increasing standing charges to the maximum level for each region, which means a big jump for some places."

https://www.bbc.co.uk/news/business-60878314

   - Andy.

Parents

  • It's a big racket, folk like this are never backwards at coming forward when it comes to making a profit out of a national crisis. The make-up of these charges is opaque to the extreme, a bit like your council tax break-down.

  • in reply to whjohnson

    It's such a racket that many of the players in the market have lost loads of money and gone bankrupt.

    In reality, the energy suppliers have been losing money for months.  So now they are allowed to increase their prices, they are as much as they can.  And even then, they are unlikely to be making any real profit.

    The people who are making the profits are the ones sucking fossil fuels out of the ground.

Reply
  • in reply to whjohnson

    It's such a racket that many of the players in the market have lost loads of money and gone bankrupt.

    In reality, the energy suppliers have been losing money for months.  So now they are allowed to increase their prices, they are as much as they can.  And even then, they are unlikely to be making any real profit.

    The people who are making the profits are the ones sucking fossil fuels out of the ground.

Children
  • in reply to Simon Barker

    Think you'll find the the solar and wind subsidy farmers are doing slightly better.

  • in reply to Simon Barker

    There was never any real prospect right from the start that some of the minnows who were granted licences to sell energy would ever survive a real crisis. It was irresponsible for Govt to grant them without stricter criteria being applied from the outset.

    Do you know how many people's hands 1 unit of energy goes through during it's journey between generation and consumption? Forget extraction & processing for a moment and instead focus directly upon the start of the journey of say 1 MW of generated energy through the existing marketplace. Having conducted your study I am sure that you will, like myself, be astonished at how many parasites are taking a slice off the top, and will conclude that the existing market is not fit for purpose.

  • in reply to whjohnson
    whjohnson said:
    There was never any real prospect right from the start that some of the minnows who were granted licences to sell energy would ever survive a real crisis

    Right now I am paying the price for having shopped around on an annual basis.

    One would have to be an extraordinary pessimist to take on any of the fixed price deals which are currently available. The larger suppliers must regret their fixed price deals, but at least they are not dragging them under.

    What I don't understand is the massive rises over the past year or so. Has demand risen or has supply fallen?

  • in reply to Chris Pearson

    Chris, its the green agenda that has caused this. Environmentalist propaganda based on flawed nonsense science. Governments worldwide have swallowed the Green B.S. 

    One day the world will wake up. Don't expect this anytime soon.

    We all are subject to an energy heist beyond a common man perspective.

    You have to ask the question. Who's in control?

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