Energy prices to rise dramatically
- Thread starter Guru
- Start date
It isn't that simple though.
Oh it ****** well is. Sure wholesale prices are going up so they need to increase the price but you can bet your house on the fact that they will add a little extra on top to make more profit.
Yet they will still make several billion in profit.
Agree with Jono8 as well. Can't see how wholesale would have gone up that dramatically that it demands 11% and 18% increases. It's ridiculous. Must be a few extra percent being whacked on top for some nice little bonuses later in the year.
Typically they're going up just before winter kicks in as well. Right on time for when people start turning the central heating on.
Agree with Jono8 as well. Can't see how wholesale would have gone up that dramatically that it demands 11% and 18% increases. It's ridiculous. Must be a few extra percent being whacked on top for some nice little bonuses later in the year.
Typically they're going up just before winter kicks in as well. Right on time for when people start turning the central heating on.
Well you know what you should do then... Buy some shares in them and get a nice dividend if it is that simple...
Take a look at the recent Centrica profits, £1.3 billion.
Of that, British Gas profits fell by 54%
http://www.bbc.co.uk/news/business-14321673
Of that, British Gas profits fell by 54%
http://www.bbc.co.uk/news/business-14321673
Energy supply is a competitive market so if you're not happy switch supplier. If all suppliers are increasing price then clearly there is reason, or, someone else would come in and under cut them.
Ever heard of supply and demand
Stupid Thatcher.The free market approach to energy is just not working anymore. They are just going to end up holding us all to ransom.
An old, but interesting read http://www.guardian.co.uk/business/2010/feb/03/ofgem-uk-energy-supplies
An old, but interesting read http://www.guardian.co.uk/business/2010/feb/03/ofgem-uk-energy-supplies
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Can't wait for the day where things like solar panels become a lot cheaper. Run the house and put money back on the grid, then again i don't know why I'm talking about this as I can't afford my own place !!! No way in hell am I going to "own" anytime soon
So I'll just end up chucking my money in to someone else's hands, along with the high bills
So I'll just end up chucking my money in to someone else's hands, along with the high bills
I was going to mention the £200bn investment required to meet the 2020 targets. Companies won't invest if there is no return and who do you think foots the bill
Get used to prices going up
If solar was much cheaper than now the profits from "put(ting) money back on the grid" would be pretty slim to none, as everyone would have them...
There have been plenty of shows on tv describing how much they made putting back on to the grid, it's just it's too damn expensive to buy and install the kit for the average Joe, Yet everyone is telling us to go green
I've never understood the rationale behind privatising these things. Public infrastructure like this is not the sort of thing that can be run competitively.
I mean, it's not like you're actually buying power from Scottish Electric, is it? You're paying them for... what? You're getting electricity from the grid. Sure, at the other end of the grid they're putting power in, but the whole thing is entirely fungible, so it's a bit of a nonsense to think of it as something that can be competitively run.
British Gas profits were down 54% over past 6 months.