Energy Bills.

****, mine ends in February, I'll stay on variable for a month or so and then see how the land lies. Its really crazy how prices have shot up recently.
 
Payment strike? It's not the energy companies fault the wholesale price of gas has gone up 500%. People are losing their jobs in the energy industry, which has been on its backside for years. They'll be losing money at the price cap, it's just the max they can charge for "average use". It was designed to protect people on SVR deals, not factoring in situations like this.

If the energy firms were nationalised they'd still have to charge these amounts because the gas is coming from abroad and needs paying for
 
ThatFragranceGuy said:
Payment strike? It's not the energy companies fault the wholesale price of gas has gone up 500%. People are losing their jobs in the energy industry, which has been on its backside for years. They'll be losing money at the price cap, it's just the max they can charge for "average use". It was designed to protect people on SVR deals, not factoring in situations like this.

If the energy firms were nationalised they'd still have to charge these amounts because the gas is coming from abroad and needs paying for
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The just in time model the big 6 energy firm's turned to and relied on to make the most money for their shareholders in times of low gas prices does not help their cause in playing poverty when it reverses.

Ofgem is useless and not fit for purpose, they are overseeing the collapse of the energy sector and had no plans in the event of high wholesale prices of the scale we are seeing now, leaving the consumer picking up the tab.

But we are where we are and more must be done to help those who are and will soon be in fuel poverty.
 
Chris_Boro said:
The just in time model the big 6 energy firm's turned to and relied on to make the most money for their shareholders in times of low gas prices does not help their cause in playing poverty when it reverses.

Ofgem is useless and not fit for purpose, they are overseeing the collapse of the energy sector and had no plans in the event of high wholesale prices of the scale we are seeing now, leaving the consumer picking up the tab.

But we are where we are and more must be done to help those who are and will soon be in fuel poverty.
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What would you like ofgem to do about the global price of natural gas?
 
thewanderer said:
What would you like ofgem to do about the global price of natural gas?
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Was this something that was completely unforseen? They could have put in many ways to mitigate against such rises in times when they were so low, if not gas storage then a fund from profits to offset the rises.

They serve the consumer, not or rather supposedly not, the energy companies. They have done nothing as billions are paid to shareholders and now consumers are wide open to every penny of the rise in gas prices.
 
Didn't we decommission a huge number of our storage facilities for gas. In any event the problem here is people already on the bread line further crushed financially, and as a country we should address that first at governmental level. Nobody should freeze to death in the UK, ever. There is more than enough money sloshing around our economy to keep us all fed, housed and warm.
 
Chris_Boro said:
Was this something that was completely unforseen? They could have put in many ways to mitigate against such rises in times when they were so low, if not gas storage then a fund from profits to offset the rises.

They serve the consumer, not or rather supposedly not, the energy companies. They have done nothing as billions are paid to shareholders and now consumers are wide open to every penny of the rise in gas prices.
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What? You do realise the price cap means that they are currently losing money hand over fist? Consumers are currently being subsidised!
 
BaronSmoggie said:
Absolutely nothing as its not in their remit. I would like a more thoughtful government policy around things like this and maybe consider them national assets.
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Again, how would this have helped? Gas prices have gone up by around 400% in months! It's a global issue.
 
thewanderer said:
Again, how would this have helped? Gas prices have gone up by around 400% in months! It's a global issue.
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Where does it stop though without government assistance? Will I be paying a thousand pounds a month soon for my energy bills? Something needs to change.
 
Chris_Boro said:
You completely missed the point. Decades of multi billion pound profits and the consumers get screwed over at the first sign of a profit loss.
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The government should be stepping in to make sure everyone can heat their homes without sacrificing other necessities. How they do that with caps or monthly credits for poor families doesn't really matter. You are, of course, right about years of profit and the energy suppliers should foot the bill for any measures. I don't really mind how it is funded, so long as nobody goes cold this winter.
 
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