EDF Energy customers face higher bills from today

I recently moved away from EDF. I'm now saving a bundle even before these new rate increases.

I can't see why anyone would use them.

I personally don't think vital services should be profitable

Profitable and competitively priced or non-profit and inefficient. It's your call.
 
Move to a new provider now and cap your prices! You can even get cashback when you switch from certain places.
 
I'm in a student house with Scottish Power. I'm uselesswith this lark and wondering if anyone can advise what to do RE: capping the prices or changing provider?
 
Move to a new provider now and cap your prices! You can even get cashback when you switch from certain places.
No guarantee you'll beat the hikes because I suspect everyone was waiting for someone to jump, and now they have, everyone will be after them lemming-like.

However, if you're quick and lucky, then that's a good plan. If you're a Quidco member (or even if you aren't), then it's worth looking to see if they have any deals too.

I switched to a fixed-to-2011 deal last month. Cost me £2 pcm extra but I just need a 5% hike to see me in profit - I think beating that is about as likely as me submitting this post. :)
 
I switched to N-Power a few weeks ago. Capped till 2011 and I get £80 a year cashback. And 'twas cheaper than my previous supplier :)
 
Is switching easier nowadays, because I did switch back in 2001 (in a previous property) and it was a huge pain in the posterior.
 
Yup we are with EDF aswell so again we are being hit in the pocket. Bloody companies are really starting to get on my nerves. Its a monopoly all this business and they can get away with it :(

EDIT: so the others will follow? anyone wanna bet that british gas will the highest? lol
 
This is fantastic news :D :D




I actually blame the enviromentlists for this. We should have been mainly nuclear powered by now, but the OMG we don't understand the science so it must be bad lobby have killed progress for 20 years.
I completely agree. The only realistic solution (and a green one, too) is nuclear. Quite a large proportion of our electricity is nuclear generated at the moment. What a pity it's French!
 
Profitable and competitively priced or non-profit and inefficient. It's your call.

Just look at what happens to health care when it's profitable *cough* america *cough*. Non profit is the way to go if you have to choose between either of the systems, in a capitalist system people just get ripped off for essentials due to the oligopolies.
 
Last edited:
We should have been building several nuclear power stations ten years ago - because they take many years to build and come on stream.

On a rather serious (ie over my head!) investing forum I lurk on, someone who works in the industry said that actually nuclear reactors can be built pretty quickly if necessary. They're fairly simply technology when push comes to shove... mainly plumbing. :-)

It's the planning & inquiry stages which take forever, so I'm hopeful that when the going gets sticky (as it could do any day now given the state of out energy infrastructure) someone will make some brave, if unpopular decisions, and shoehorn a few new reactors into existing sites.

Of course the big problem is that all over the world many nations are building reactors, and we'd have to take our place in the queue for key parts (and fuel, though Sellafield gives us a head start there).

Andrew McP
 
I thought a new fat gas pipe from one of the baltic countries to us completed recently was going to lower / keep costs under control?
 
On a rather serious (ie over my head!) investing forum I lurk on, someone who works in the industry said that actually nuclear reactors can be built pretty quickly if necessary. They're fairly simply technology when push comes to shove... mainly plumbing. :-)

It's the planning & inquiry stages which take forever, so I'm hopeful that when the going gets sticky (as it could do any day now given the state of out energy infrastructure) someone will make some brave, if unpopular decisions, and shoehorn a few new reactors into existing sites.

Of course the big problem is that all over the world many nations are building reactors, and we'd have to take our place in the queue for key parts (and fuel, though Sellafield gives us a head start there).

Andrew McP

It's the hoops we have to jump through before a reactor can be built that is the problem as you have said. Construction to completion is relatively fast.
 
Rises in gas and electricity bills in the near future will have serious consequences for millions of households, an MPs' committee has said.

They also warned that thousands of jobs in manufacturing would be at risk if UK prices stayed higher than those faced by industry in the rest of Europe.

The Business and Enterprise Select Committee report said problems in the sector needed to be addressed urgently.

But it found no evidence that key firms colluded to keep energy prices high.

The committee's report, published on Monday, comes just a few days after EDF Energy became the first big supplier to announce widely-predicted summer price rises.
http://news.bbc.co.uk/1/hi/business/7526048.stm
 
I thought a new fat gas pipe from one of the baltic countries to us completed recently was going to lower / keep costs under control?
The Langeled pipeline was built to ensure security of supply.


It's the planning & inquiry stages which take forever,
Planning Regs are currently under review with the intention of removing the decision from local authorities to a national panel. Timescale for this happening is 2010 though.
 
Couple of graphs for info.

Our Gas price is amongst the lowest in Europe.

energy2.jpg




UK Energy bills are mostly made up from energy supply costs etc

energy1.jpg



Source : Ofgem
 
Back
Top Bottom