Gas and electricity profits
- Thread starter paultap
- Start date
Just a thought , what would stop someone giving a much higher reading to their supplier than it is currently and then paying for future gas and electricity at the rates before they go up and then correct it later down the line ?. 
Rasputin
Well-Known Member
Just a thought , what would stop someone giving a much higher reading to their supplier than it is currently and then paying for future gas and electricity at the rates before they go up and then correct it later down the line ?.
Ok for some but smart meters throw a spanner in the mix.
Glad I haven't gone down that route !
I had a notification from my electricity supplier that I needed to increase my monthly payments by 13% . I looked on my account and found that I had 1.5 months still in credit. I reduced the increase to 8% and will keep a check on it.
They just want you to have more credit in your account so they get the benefit of your hard earned!!
They just want you to have more credit in your account so they get the benefit of your hard earned!!
If the price of bananas went up eight times (because of a say supply issue in Caribbean) would you expect the government to fix it? I think it is dangerous to expect the government to do something about a specific raw material - interfere in the market, cap prices, tax profits or whatever. Governments are notoriously unsuccessful at all of these and it always backfires.
What we have now is a wider issue of poverty. Economists have ways of measuring absolute and relative poverty and the benefits and tax system has been trying to address poverty ever since the welfare state was created post WW2.
What we have now is a wider issue of poverty. Economists have ways of measuring absolute and relative poverty and the benefits and tax system has been trying to address poverty ever since the welfare state was created post WW2.
It has been quoted, possibly incorrectly, that prices for UK energy (gas electricity) will increase by 205%. In France, potentially at the forefront of the European gas 'crisis' with Germany - same increase 8%.
Someone is lying or choosing to make ludicrous profit and I. for one of about 30Million, would like to know which, why and who can make this equitable ??
Someone is lying or choosing to make ludicrous profit and I. for one of about 30Million, would like to know which, why and who can make this equitable ??
But we've stopped extracting our own from the North Sea because Boris Johnson's wife and the Greens who are propping up Nicola Sturgeon don't like it. So instead, as we're still overwhelmingly reliant on gas for energy, we buy it at a premium from the Norwegians who extract it form the North Sea...
Such is the mentality of the people who govern this country.
Bavarianbrit
Well-Known Member
A lot of French nuclear plants are down due to service issues according to the German tv news yesterday
Not completely true. Yes, Green folks would rather that hydrocarbons were left in the ground but they have had limited success in stopping production so far. The two truths are: North Sea gas and oil is running out, with production gradually dropping; and the gas produced from the North Sea is traded internationally because there is a gas interconnector between the UK and the continent. Therefore UK gas prices are affected by what is happening elsewhere.
I saw this question in I think the Times this week. The answer surprised me but then again didn'tMy electricity trebled
And I have a 3.9kw /16x panels on the roof …. Couple that with I’m told we supply you green renewables energy ….
So WHY are my prices trebled ?
Woman on phone couldn’t answer …
The suggestion was that the contract actually states that they will replace the energy you consume with renewable energy as opposed to supplying you with 100% renewable energy as per the adverts suggestion. Next time I see an ad I will pay closer attention. Therefore the energy you are actually paying for is probably generated by gas so you are exposed to the same rises as the rest of us.
If that's true though it implies the people who are not paying for renewables are using it and people who are paying for it are not getting it. Or it's a scam and everybody is being charged on the basis of gas generation and they are just pocketing the profits. Guess which.
Or that's a load of bollocks...
There's enough gas in the North Sea that we can buy it from Norway. While it's there we should be using our own. But the UK has vast untapped onshore gas reserves. We need to build a nationwide grid of nuclear power stations and small modular reactors as well, and in the meantime, get fracking. We could get all our power from wind turbines, tidal barrages and solar arrays of course, but we'll have to get rid of about 40 million of our surplus population first. Since there is not a single mainstream party in the UK that isn't committed to pushing the population past 100 million as quickly as possible and expanding it further beyond that without limit, we'd better frack the gas and build the nuclear reactors. It isn't worth worrying about the environmental impact because within our children's lifetime, this nation will be an island city anyway with no green space left and the majority of our food imported.
We are destined to become a concrete wasteland bathed in an orange glow because our politicians wish it and think it will deflate the huge debts they keep building up to bribe us into keeping them in power. We could question the evils of over-population and the race into squalor, ecological sterility and the everlasting ruin of the landscape, but that is unfashionable and makes a you a little Englander fascist. So let's roll with it, admire the Emperor's new clothes like good right-on metropolitans, and get the fracking rigs out.
That would depend if the supplier was also a “manufacturer” and both businesses are making profit. Also what is in their “running costs”?
the six biggest energy suppliers (that supply 98% of UK customers) do not extract oil or gas, they just supply it to customers having bought it on the wholesale market. They pay National Grid for the use of the electricity lines etc. Im guessing this will be a large part of their running costs, but also hedging prices, issuing statements and chasing bad debts, employing call staff. The wholesale price of electricity has gone up all over Europe because a lot of it is produced by burning gas and Putin is restricting the supply of gas.
Thats how I understand it anyway. Countries that sensibly invested in nuclear energy like France are better off. The UK government seems to have no credible way out of this mess.
Bavarianbrit
Well-Known Member
We could tap off the hot air from Parliament as a start.
SussexSteve
Well-Known Member
Energy should be government owned. I'm sure we could be self sufficient but of course there will be no backhanders for politicians if we were!
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