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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

  • its the green agenda that has caused this

    I'm not sure how you come to that conclusion. It's the wholesale gas price that's behind the recent increases - partly as a long term increase in demand as parts of the world continue to modernise, exacerbated by sharply increasing demand after the world economy picked up after covid lockdowns, and partly due to our friends in Moscow mysteriously throttling back supplies for several months for reasons which are now very apparent, plus all the current uncertainty and interruption of supply that war & sanctions always bring.

    It's all made worse for consumers as our electricity "market" arrangement means that all generators are in general free to charge whatever the market will stand - making huge profits where prices significantly exceed their costs. As Mike pointed out the "subsidy" system of having a fixed guaranteed strike price (that I think all recent wind farms, as well as new nuclear) work to - has meant wind generators paying back large amounts rather than receiving anything - this disappointment of the system is that that money doesn't directly go to keeping prices low for consumers.

      - Andy.

Reply

  • its the green agenda that has caused this

    I'm not sure how you come to that conclusion. It's the wholesale gas price that's behind the recent increases - partly as a long term increase in demand as parts of the world continue to modernise, exacerbated by sharply increasing demand after the world economy picked up after covid lockdowns, and partly due to our friends in Moscow mysteriously throttling back supplies for several months for reasons which are now very apparent, plus all the current uncertainty and interruption of supply that war & sanctions always bring.

    It's all made worse for consumers as our electricity "market" arrangement means that all generators are in general free to charge whatever the market will stand - making huge profits where prices significantly exceed their costs. As Mike pointed out the "subsidy" system of having a fixed guaranteed strike price (that I think all recent wind farms, as well as new nuclear) work to - has meant wind generators paying back large amounts rather than receiving anything - this disappointment of the system is that that money doesn't directly go to keeping prices low for consumers.

      - Andy.

Children
  • in reply to AJJewsbury

    "I'm not sure how you come to that conclusion"

    Is it not part of the Green agenda to stop fossil fuel use for our energy based on their belief that CO2 plant food is evil. We could be totally self sufficient with our own energy should we choose to, while we transition to nuclear. No need for wind, battery or solar.

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