Energy prices

[ollieclarets8]

I thought this was a joke at first but they are increasing them yet again from October even though there have been reports that wholesale energy prices have actually dropped.

The standing charge is also a joke. If you don't use any energy you should have £0 to pay.

Rant over.

[Paul Waine]

I thought this was a joke at first but they are increasing them yet again from October even though there have been reports that wholesale energy prices have actually dropped.

The standing charge is also a joke. If you don't use any energy you should have £0 to pay.

Rant over.

Quote from Times and Ofgem's explanation of why we will pay more:

"The rising cost of paying wind farms to switch themselves off has contributed to a 2 per cent increase in household energy prices from October, taking a typical annual bill to £1,755.

Ofgem, the energy regulator, said that the bigger-than-expected £35-a-year rise in the price cap for the final three months of the year was “driven by an increase in electricity balancing costs”, accounting for £15 of the rise.

These are costs levied on consumers by the National Energy System Operator to fund its work keeping Britain’s lights on by balancing supply and demand in real-time. Ofgem confirmed that this included a rising bill for paying wind farms in remote locations to switch off because the cabling network cannot take their power to where it is needed, and paying other generators like gas plants closer to consumers to fire up to replace them.

So, energy increases not all about the wholesale energy prices. Irony, that these extra balancing costs are to pay for wind farms not to generate electricity because the transmission networks don't exist to transmit the electricity to places consumers want to consume it.

[Bow]

I’d be delighted if my energy prices were £1,755 a year

[Taffy on the wing]

To be fair ...it's difficult to balance Electricity as it moves very quickly!

Just kidding!.........Someone has to pay for the Xmas bonuses this year.

[Clovius Boofus]

Our energy prices are some of the most expensive in the world.

There are gas reserves to be had in the North Sea, and shale gas underneath our feet.

Then there's the cost added on for the so-called renewables. How can industry compete when it's being anchored? No wonder our economy is spluttering. Not to mention the impact on consumer spending when people have less expendable income.

Our drive to NetZero isn't worth a fart in the great scheme of things. UK emissions account for way under 1% on global terms.

[ollieclarets8]

To be fair ...it's difficult to balance Electricity as it moves very quickly!

Just kidding!.........Someone has to pay for the Xmas bonuses this year.

Like I say as well, the Standing charge is a complete and utter joke. You should only pay for what you use - if you don't use it, in no normal world should you pay extra. How the hell the Government allow that is beyond me.

[bfcmik]

Like I say as well, the Standing charge is a complete and utter joke. You should only pay for what you use - if you don't use it, in no normal world should you pay extra. How the hell the Government allow that is beyond me.

So who would pay for the maintenance of the gas pipes or electric cabling into your home? Or the maintenance costs of the transmission wires gas pipelines to and from your locality?

You almost certainly pay a standing charge to Sky (or equivalent) or your mobile network provider or your road tax and council tax - all of which have to paid however much, or little, you use any of their services. For example I still have to contribute towards schools - which I haven't used since my daughter finished her education - back in the last century!

[ollieclarets8]

So who would pay for the maintenance of the gas pipes or electric cabling into your home? Or the maintenance costs of the transmission wires gas pipelines to and from your locality?

You and I - for being overcharged in the first place for what we use.

[Quickenthetempo]

I’d be delighted if my energy prices were £1,755 a year

Sounds like you need solar panels.

[bobinho]

Like I say as well, the Standing charge is a complete and utter joke. You should only pay for what you use - if you don't use it, in no normal world should you pay extra. How the hell the Government allow that is beyond me.

Because they dip into it and take their 20% everytime it’s paid. They dip into everything. They have zero interest in stopping this legalised robbery.

[bobinho]

Our energy prices are some of the most expensive in the world.

There are gas reserves to be had in the North Sea, and shale gas underneath our feet.

Then there's the cost added on for the so-called renewables. How can industry compete when it's being anchored? No wonder our economy is spluttering. Not to mention the impact on consumer spending when people have less expendable income.

Our drive to NetZero isn't worth a fart in the great scheme of things. UK emissions account for way under 1% on global terms.

Earth’s atmosphere is 0.04% CO2. Only 3% of that is proven to be manmade, so humans are responsible for 0.0012% of global CO2. Major industrial European economies such as the UK or Germany for example are responsible for 1% of global CO2 emissions. That means we’re all going to get hammered with restrictions, taxes and nonsense for 0.000012% of global CO2. It’s absolute madness. All presided over by Miliband, who will get extremely rich in the process.

[Holmechapel]

I’d be delighted if my energy prices were £1,755 a year

So would I good old Ed Milliband,

[Acting Claret]

Got solar panels and 2 batteries. Paying Octopus £8 a month for electricity. Gas is lpg.

[ollieclarets8]

Got solar panels and 2 batteries. Paying Octopus £8 a month for electricity. Gas is lpg.

I thought that took around 10 years to level out and be worth it?

If they are free, I'll have them.

[fanzone]

Don’t worry, the plan is to knock £300 off bills by 2030

[bfccrazy]

Don’t worry, the plan is to knock £300 off bills by 2030

Is this after they go up 500 by then

[ollieclarets8]

Is this after they go up 500 by then

We laugh but that is literally the plan. To make us think we are saving money.

[bfccrazy]

We laugh but that is literally the plan. To make us think we are saving money.

A lot being made of the new reactors etc that will help go green.....

They will help but the cost to run them fuel wise is going to be astronomical compared to the cost of nuclear fuel currently for power plants.

[dougcollins]

'The rising cost of paying wind farms to switch themselves off'

I've heard it all now.

[Goalposts]

In truth the way the 5/10/30 yr bond market is performing and the changing yield rates - particularly in japan is going to have a far greater impact on all of us . In terms of inflation - interest and mortgage rates than a new energy cap. I expect a very hard budget in October in terms of tax changes probably vat increases and potentially stamp duty being replaced by a property tax and a complete re-evaluation of council tax bands. ( that’s not changed since 1990). The next 5-10 years will be hard for a lot of people. Doesn’t matter which govt is in charge. Labour unless they tackle the challenges will just have us require a bail out sooner rather than later . With nett debt being north of 96% OF GDP. Unless very severe welfare cuts - tax changes and labour breaking their manifesto ( they have no choice , but to) we are in for a rough few years. And to be clear a lot of this was created by the previous Tory administrations..

[mdd2]

BS
Created since 2008 and the three hits and those hits were spent protecting us by an ever increasing debt crisis which we have to pay for
Happy to be hit by more tax but not at the expense of the billions paid out to the reckless and feckless
Any day spent in an A/E department in a large conurbation will know what I mean

[mdd2]

Good news is we may get to round 4 of league Cup
Four more wins and we have the Cup

[Andreshotboots]

Good news is we may get to round 4 of league Cup
Four more wins and we have the Cup

The club are clearly struggling with the energy cost hikes too though, as we can't seem to keep our lights on

[spamalittle]

I wonder how an increase of 2% will affect corporations and businesses and what effect that will have on inflation. Perhaps they will not pass that increase onto consumers. I'll have to check with Reeves and Miliband autobiographies when they are no longer in post for the reasoning.

[Newcastleclaret93]

In truth the way the 5/10/30 yr bond market is performing and the changing yield rates - particularly in japan is going to have a far greater impact on all of us . In terms of inflation - interest and mortgage rates than a new energy cap. I expect a very hard budget in October in terms of tax changes probably vat increases and potentially stamp duty being replaced by a property tax and a complete re-evaluation of council tax bands. ( that’s not changed since 1990). The next 5-10 years will be hard for a lot of people. Doesn’t matter which govt is in charge. Labour unless they tackle the challenges will just have us require a bail out sooner rather than later . With nett debt being north of 96% OF GDP. Unless very severe welfare cuts - tax changes and labour breaking their manifesto ( they have no choice , but to) we are in for a rough few years. And to be clear a lot of this was created by the previous Tory administrations..

I’m expecting the harshest welfare cuts we have ever seen in October.

The government spending has to dramatically reduce or we will be in serious trouble no matter how much they increase tax.

[Tall Paul]

I wonder how an increase of 2% will affect corporations and businesses and what effect that will have on inflation. Perhaps they will not pass that increase onto consumers. I'll have to check with Reeves and Miliband autobiographies when they are no longer in post for the reasoning.

It won't, because the energy price cap doesn't apply to businesses.

It's not set by the government either.

[Inchy]

Our energy prices are some of the most expensive in the world.

There are gas reserves to be had in the North Sea, and shale gas underneath our feet.

Then there's the cost added on for the so-called renewables. How can industry compete when it's being anchored? No wonder our economy is spluttering. Not to mention the impact on consumer spending when people have less expendable income.

Our drive to NetZero isn't worth a fart in the great scheme of things. UK emissions account for way under 1% on global terms.

We could use the North Sea gas and shale gas all we want. It wouldn’t reduce out prices, it would just increase the fat cats profits.


That’s the issue. We are being rinsed by greed. Capitalism at its finest