British Gas Made Even More Profit Because We Used More Gas...

People complaining about the increase in price would be the first ones to start complaining if they kept the price low and rolling blackouts started.

You can't have it all ways!

If I can see that, and I don't make *loads* at my job, then surely others can? Or are you being too pig headed to understand.
 
Russinating said:
Couldn't care less what you do. If you don't want to go out and collect wood every day then pay someone to do it for you and stop moaning. And that's where we are now.
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Haha, so anyone with a differing opinion is moaning. You seem to have more of an issue than anyone on the other side, judging by the way you are posting :)
 
alx said:
It's the Governments job, not the energy companies, to provide help to the poor. Do you see Tesco offering discounted food to people on the breadline?
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Morba said:
They offer a much cheaper set of products. People have a choice - pay more or pay less.

How does that compare to energy exactly?
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Energy companies just pipes gas and electric to your home, maintain the system. Why can't they add value to get my custom, to allow consumers get a feel for value of having to pay more and more?

My point is, all energy companies does the same job and all raise their prices like some kind of cartel, reporting profits and increase money back to investors. Yes, that's how capitalism work BUT disregarding service value will just make customer go against them.

That is why I suggested added value.
 
Mr Jones said:
Energy companies just pipes gas and electric to your home, maintain the system. Why can't they add value to get my custom, to allow consumers get a feel for value of having to pay more and more?

My point is, all energy companies does the same job and all raise their prices like some kind of cartel, reporting profits and increase money back to investors. Yes, that's how capitalism work BUT disregarding service value will just make customer go against them.

That is why I suggested added value.
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How can you say that? There's investment and resources going into renewable energy, it's not just pipes.
 
Morba said:
They offer a much cheaper set of products. People have a choice - pay more or pay less.

How does that compare to energy exactly?
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Well maybe we just need to admit that energy isn't cheap? Unless someone subsidies it or finds a whole load of gas which drives the price down you're going to have this problem.

People moan that they want future investment, but then complain when companies make a profit....you need to be making a profit to invest.

What everyone really wants is a nonprofit energy company.....
 
British Gas have a legal obligation to maxmise shareholder value. There are many things wrong with the energy market in this country but almost none of them are the 'fault' of companies like British Gas. They are operating in the manner best suited to the legal obligation they have. They are not here as charities, they are here to make profit.

The problems with energy supply in this country and the prices as a result are down to the way the system is structured and regulated - and this lays firmly at the door of government. You can't blame BG for it. You'd do the same thing as them if you were running the company.

People moan that they want future investment, but then complain when companies make a profit....you need to be making a profit to invest.
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Profit paid as dividends to shareholders is not, by its nature, invested back into the business.

What everyone really wants is a nonprofit energy company.....
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And there are rational arguments for such a thing - but again thats a government issue. BG are just operating within the current market, as they are entitled to do.
 
Mr Jones said:
Energy companies just pipes gas and electric to your home, maintain the system. Why can't they add value to get my custom, to allow consumers get a feel for value of having to pay more and more?

My point is, all energy companies does the same job and all raise their prices like some kind of cartel, reporting profits and increase money back to investors. Yes, that's how capitalism work BUT disregarding service value will just make customer go against them.

That is why I suggested added value.
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I'm guessing you mean British Gas and not Centrica? Because Centrica do far more that what you've highlighted.
 
PiKe said:
How can you say that? There's investment and resources going into renewable energy, it's not just pipes.
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True, they are investing but at a subsidy from government and because they need to meet carbon targets or face higher costings. The government's push for carbon targets are also driving cost into to household users' bill.

From the payer's level, seeing them gain and gain but not feeling any value for money, that's something energy companies need to address.
 
Mr Jones said:
True, they are investing but at a subsidy from government and because they need to meet carbon targets or face higher costings. The government's push for carbon targets are also driving cost into to household users' bill.

From the payer's level, seeing them gain and gain but not feeling any value for money, that's something energy companies need to address.
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See this is the problem, taking things for granted, flicking a light switch and getting instantaneous light, is your value for money.

I don't see what else they could offer you? A Zingy everytime you renew your contract with them? :confused:
 
Mr Jones said:
True, they are investing but at a subsidy from government and because they need to meet carbon targets or face higher costings. The government's push for carbon targets are also driving cost into to household users' bill.

From the payer's level, seeing them gain and gain but not feeling any value for money, that's something energy companies need to address.
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You do understand the vastly complex and costly processes required to get oil and gas to your home?

The effect of things like the deep water horizon on safety features and associated fail safes which all cost additional money. For example, the valves used subsea can be upto 7figures and on some projects you are getting 100's of these valves, thats not considering the man cost, fabrication cost etc etc.

But yes, you want "value for money" on a process you do not understand....................

KaHn

Edit :- Also for example this is the current project I'm working on but it gives you an idea of the size of project for one field, now google how many oil fields are in operation and you start to see the associated costs.

 
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I think Mr Jones wants Safestyle windows and door adverts for British Gas.

I say you buy one unit of gas, you get another unit of gas, absolutely, free!
 
PiKe said:
See this is the problem, taking things for granted, flicking a light switch and getting instantaneous light, is your value for money.

I don't see what else they could offer you? A Zingy everytime you renew your contract with them? :confused:
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KaHn said:
You do understand the vastly complex and costly processes required to get oil and gas to your home?

The effect of things like the deep water horizon on safety features and associated fail safes which all cost additional money. For example, the valves used subsea can be upto 7figures and on some projects you are getting 100's of these valves, thats not considering the man cost, fabrication cost etc etc.

But yes, you want "value for money" on a process you do not understand....................

KaHn
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I am not saying I know how the process works. I am speaking from a typical bill payer's point of view. Those in the know can tell me everything so I can understand further, but getting reports of increased profits isn't a major issue, it's this:

"Centrica's dividends to shareholders have risen 6% and the company is also returning £500m to them."

So price increased to their customers to eventually allow them to boost pay packet is not adding value to consumer. What I'm saying is, if they didn't pull the increaed 6% last year, would they stop reinvesting back to tech and works on getting more gas and oil to power? Will they go into the reds?

Or will they instead of line their investers with a smaller increase than the 6% + £500mill?
 
KaHn said:
You do understand the vastly complex and costly processes required to get oil and gas to your home?

The effect of things like the deep water horizon on safety features and associated fail safes which all cost additional money. For example, the valves used subsea can be upto 7figures and on some projects you are getting 100's of these valves, thats not considering the man cost, fabrication cost etc etc.

But yes, you want "value for money" on a process you do not understand....................

KaHn

Edit :- Also for example this is the current project I'm working on but it gives you an idea of the size of project for one field, now google how many oil fields are in operation and you start to see the associated costs.

*snip*
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Impressive project, but it's not like all fields require a FPSO vessel do they? :p Just look at the Middle East :D
 
Russinating said:
So you're not moaning/complaining about British Gas making a profit?
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I have not said that they should not be making a profit. What is your point as you seem to be singling me out for something but not coming back with anything yourself?
 
Putting the cost of gas up before winter and them making loads more money and ripping off the customer shock horror.

Is their something wrong with people on here? Why are you sticking up for British gas. They're renowned for ripping people off. Constantly on rogue traders.

They're a ******* of a company. They're not in business to help the British only to rip them off as much as they can. It's not funny either as more and more people get into fuel poverty more people die every winter.
 
Mickie said:
Putting the cost of gas up before winter and them making loads more money and ripping off the customer shock horror.

Is their something wrong with people on here? Why are you sticking up for British gas. They're renowned for ripping people off. Constantly on rogue traders.

They're a ******* of a company. They're not in business to help the British only to rip them off as much as they can. It's not funny either as more and more people get into fuel poverty more people die every winter.
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It's called supply and demand, Google it.

More energy is needed, so they have to buy in more expensive energy from overseas.
 
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Residential customers are subsiding shareholder dividends, I would be much happier with that profit being used for investment in infrastructure than it lining the pockets of speculators.
 
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