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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.

  • in reply to Simon Barker

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

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