Let's call it what it, an absolute racket. Shell posting their highest ever profits while normal people are struggling to feed their kids.
The French Govt have protected their people by nationalising EDF, leading to a maximum of 5% increase during this period, some of us are going to see 100% rises in less than 18 months.
I was paying £92pm as recent as April 2021 on a fixed tariff. I'm up to £280pm now on the variable cap, with another increase expected after October's hike.
The amount of money being spent on building the next two nuclear power stations (Hinckley B and Sizewell C), plus the exorbitant cost per unit of electricity being charged when operational would go a long way towards subsidising electricity in France.
I think a big problem was that there were too many operators. Let's be honest, when you change from one provider to another, the gas/electricity comes from the same place. We are paying for discounted prices from companies that have gone bust. This is an industry that needs to be run by one provider for the public and the environment not many providers for the shareholders. Call me a marxist
The theory of multiple operators giving customers more choice and encouraging competition doesn't take into account corporate greed. All utilities should be state owned - for national security reasons alone.
I think a big problem was that there were too many operators. Let's be honest, when you change from one provider to another, the gas/electricity comes from the same place. We are paying for discounted prices from companies that have gone bust. This is an industry that needs to be run by one provider for the public and the environment not many providers for the shareholders. Call me a marxist
The theory of multiple operators giving customers more choice and encouraging competition doesn't take into account corporate greed. All utilities should be state owned - for national security reasons alone.
I think a big problem was that there were too many operators. Let's be honest, when you change from one provider to another, the gas/electricity comes from the same place. We are paying for discounted prices from companies that have gone bust. This is an industry that needs to be run by one provider for the public and the environment not many providers for the shareholders. Call me a marxist
The theory of multiple operators giving customers more choice and encouraging competition doesn't take into account corporate greed. All utilities should be state owned - for national security reasons alone.
The EU said back in April various measure to reduce energy consumption including wfh 3 times a week. Offices must waste a huge amount of energy during idle hours
Martin Lewis is now confidently predicting that the price cap increase in October will be 77%. This will push someone on current average use of £1971 per year to £3500 with a further increase in January 2023
People really need to wake up to this right now. It’s going to have a catastrophic impact.
Martin Lewis is now confidently predicting that the price cap increase in October will be 77%. This will push someone on current average use of £1971 per year to £3500 with a further increase in January 2023
People really need to wake up to this right now. It’s going to have a catastrophic impact.
Unfortunately this govt won't until its far too late. Even if people can afford it they won't be spending money elsewhere which has a cumulative effect. All while shell make 10bn profit in 3 months
It is having an effect for businesses now as people are cutting spending due to what they are seeing on the news.
That’s grim enough but come winter there are going to be people, lots of people who will simply be unable to afford to warm their homes. If nothing is done I can see riots on a poll tax scale. We seem to be sleepwalking into this.
In a speech in Birmingham, Mr Johnson said: "I know that the pressures people are facing on their cost of living and the global inflation problems that we're seeing, the energy squeeze, the cost of gas, every country around the world is feeling it.
"But my argument to you would be that sometimes you've got to go through periods of difficulty and you've got to remember that they are just inevitable."
It's alright for him to say that, he has plenty of wealthy friends who look after him, pay for his expensive wallpaper, foot the bill for his parties and the tax payer to pay for his dressing up trips, whilst the rest of us have to struggle. I heard on Sky News at lunchtime that any household with an income of less then £38K will probably be in fuel poverty this winter.
It’s not really the British way but I can see violence on the streets because of this. Pricks like Johnson advising people to “suck it up” will enrage people.
Riots more usually take place in the summer, when the days are hot and the evenings long and warm. Riots are less likely in the winter and of course most youngsters (who riot) probably won't be paying the energy bills.
Riots more usually take place in the summer, when the days are hot and the evenings long and warm. Riots are less likely in the winter and of course most youngsters (who riot) probably won't be paying the energy bills.
Ordinary fathers who can’t keep their children warm or fed might feel differently. It wasn’t only youngsters who rioted against the poll tax.
Riots more usually take place in the summer, when the days are hot and the evenings long and warm. Riots are less likely in the winter and of course most youngsters (who riot) probably won't be paying the energy bills.
Ordinary fathers who can’t keep their children warm or fed might feel differently. It wasn’t only youngsters who rioted against the poll tax.
"May 2022, the average wholesale electricity price in France stood at 197.5 euros per megawatt-hour, an increase of roughly 257 percent compared to the same month a year prior. March 2022 saw the peak electricity price in the period of consideration, at more than 295 euros per megawatt-hour. In the past year, electricity prices in France soared, the consequence of an energy supply shortage which severely impacted Europe." Statista
France's energy price cap has been extended to the end of this year, Prime Minister Élisabeth Borne announced yesterday (June 23). The bouclier tarifaire, first introduced in November last year, froze gas prices at October 2021 rates and also limited electricity prices from increasing by more than 4%.
"May 2022, the average wholesale electricity price in France stood at 197.5 euros per megawatt-hour, an increase of roughly 257 percent compared to the same month a year prior. March 2022 saw the peak electricity price in the period of consideration, at more than 295 euros per megawatt-hour. In the past year, electricity prices in France soared, the consequence of an energy supply shortage which severely impacted Europe." Statista
Won't be too dissimilar to what we've seen here.
I'm all for renewable energy, but let me tell you when the wind ain't blowing that's when the grid balancers cheque books start to come out to get the less environmentally accepted assets up and running to get them out of the shit. We are heavily reliant on wind energy in this country now
What a crazy way to pay the £400 support payment. Who dreamt that up ? Surely the most simplest way would be to credit everyone's fuel/ electricity account by £400 in one fell swoop, not over a number of months. You couldn't have made it more confusing if you tried.
I think a big problem was that there were too many operators. Let's be honest, when you change from one provider to another, the gas/electricity comes from the same place. We are paying for discounted prices from companies that have gone bust. This is an industry that needs to be run by one provider for the public and the environment not many providers for the shareholders. Call me a marxist
All the utilities should have remained nationalised and run by the state. We now have private companies making huge profits whilst ordinary people suffer. I used to think that privatisation was a good thing, but it's clear now that privatising the utilities has been very bad for the average person.
It is the same for all privatised businesses,Railways,Water companies,massive pay deals for the fat cats who run them,dividends for the share holders,all at our expense.Look at the profits for Shell and Centrica just announced,more money for the snought in the trough brigade.
Martin Lewis saying lot of people are thinking of boycotting paying there bill.
The only people that will be hurt are the individuals themselves. Fines & CCJ's dont look good on your credit file. Then again, people like that dont worry about credit or needing a mortgage.
With the update from Martin Lewis yesterday, enough’s enough. Utilities need to be brought back into public control. We’re currently funding massive profits for international corporates, including the likes of EDF, which all go to help soften burden in their home countries. Public transport, particularly railways, the same. Rolling stock companies particularly are taking the piss out of the system.
I honestly do think there will be civil unrest over this over the winter, with over 10 million people expected to now be in fuel poverty.
Comments
I'm up to £280pm now on the variable cap, with another increase expected after October's hike.
The German city of Hanover has turned off the heating and switched to cold showers in all public buildings because of the Russian gas crisis.
It's the first big city to turn off the hot water after Russia dramatically reduced Germany's gas supply.
Germans have been told to expect sweeping gas reduction measures and extra charges on their energy bills.
https://www.bbc.com/news/business-61179640
People really need to wake up to this right now. It’s going to have a catastrophic impact.
In a speech in Birmingham, Mr Johnson said: "I know that the pressures people are facing on their cost of living and the global inflation problems that we're seeing, the energy squeeze, the cost of gas, every country around the world is feeling it.
"But my argument to you would be that sometimes you've got to go through periods of difficulty and you've got to remember that they are just inevitable."
It's alright for him to say that, he has plenty of wealthy friends who look after him, pay for his expensive wallpaper, foot the bill for his parties and the tax payer to pay for his dressing up trips, whilst the rest of us have to struggle. I heard on Sky News at lunchtime that any household with an income of less then £38K will probably be in fuel poverty this winter.
Riots are less likely in the winter and of course most youngsters (who riot) probably won't be paying the energy bills.
"May 2022, the average wholesale electricity price in France stood at 197.5 euros per megawatt-hour, an increase of roughly 257 percent compared to the same month a year prior. March 2022 saw the peak electricity price in the period of consideration, at more than 295 euros per megawatt-hour. In the past year, electricity prices in France soared, the consequence of an energy supply shortage which severely impacted Europe."
Statista
I'm all for renewable energy, but let me tell you when the wind ain't blowing that's when the grid balancers cheque books start to come out to get the less environmentally accepted assets up and running to get them out of the shit.
We are heavily reliant on wind energy in this country now