Energy bill increases

[Tenkaykev]

The crazy thing is that they’re just billing companies. They don’t produce gas or maintain the pipelines or infrastructure, they are just billing companies set up to exploit a false market.

 

[DaveReading]

The companies that go bust can operate for years creaming off the extra that a fixed rate generally costs, then as we see now when the energy price goes through the roof they can just fold.

I'm guessing you've never run a company, if you think that "just" going bust is a desirable outcome.

 

[Illaveago]

I think the initial price rises were due to OPEC increasing the price of crude oil . They had decided that they weren't getting enough money and so cut production which raised the price . Electricity and Gas prices are linked to the price of crude oil and so have gone up .
It's the free market which is responsible !

 

[MrGrumpy]

I think the initial price rises were due to OPEC increasing the price of crude oil . They had decided that they weren't getting enough money and so cut production which raised the price . Electricity and Gas prices are linked to the price of crude oil and so have gone up .
It's the free market which is responsible !

It’s all closely linked , not helped by 5 Nuclear Power Stations going offline in France and the cable fire in Kent.
It’s like we don’t generate enough electricity in this country . Whats happened to our own power industry?

 

[numbnuts]

The only people that get really hurt by all these rises are the poor

 

[MrGrumpy]

The only people that get really hurt by all these rises are the poor

Indeed. It’s a hell of a jump in price . Seriously cannot see it dropping back down quick either. Coming into peak period for energy as well.

 

[Tenkaykev]

It’s all closely linked , not helped by 5 Nuclear Power Stations going offline in France and the cable fire in Kent.
It’s like we don’t generate enough electricity in this country . Whats happened to our own power industry?

It was sold to the highest bidder as that would promote competition and bring prices down…

 

[midlife]

The press keep saying that customers won’t lose out if a company goes bust, but that is not true. As detailed above, if your company goes under you get moved to another one, but you lose the rate you were on, £50 extra a month is certainly losing out. The companies that go bust can operate for years creaming off the extra that a fixed rate generally costs, then as we see now when the energy price goes through the roof they can just fold. I would love to know the dividends that were taken during the good days.

By losing out they mean that if you are in credit then that credit is not lost.

 

[MrGrumpy]

It was sold to the highest bidder as that would promote competition and bring prices down…

That’s working out well……

 

[Illaveago]

It’s all closely linked , not helped by 5 Nuclear Power Stations going offline in France and the cable fire in Kent.
It’s like we don’t generate enough electricity in this country . Whats happened to our own power industry?

They have all be excited over the closure of coal fired power stations before they had anything to replace them .

 

[Brandane]

Currently happy with the deal I have with Octopus energy, but as they are relatively small I guess they might be one of the suppliers about to go under. I hope not. Especially if I end up being passed on to NPower or Scottish Power. I swore blind, years ago, that neither of those companies would get another penny from me!

 

[Blue Hills]

Currently happy with the deal I have with Octopus energy, but as they are relatively small I guess they might be one of the suppliers about to go under. I hope not. Especially if I end up being passed on to NPower or Scottish Power. I swore blind, years ago, that neither of those companies would get another penny from me!

Boss of octopus was on telly this morning. hope they are ok - I'm with Octopus - agree about npower - do they still exist or have they changed their name to try to wipe the slate clean on their dazzling incompetence?

 

[vickster]

I was with GNE who went bust and was transferred to EDF on the GNE tariff which is ending this month. I was looking at Octopus. Their estimate is that variable rate currently would be £20 less than a fixed (£66 vs £86), am low user, they haven’t yet raised their variable rates, but guess it will go up but 25%?
decisions…
I’ll also need to see what EDF estimate on the offered tariff

 

[numbnuts]

npower is now E.ON

 

[vickster]

Just looked at EDF… currently £56