Consumers have paid too much for electricity and gas transmission and distribution

Vonhelmet · 14 Jul 2017 at 19:11

Behemoth said:
Energy prices are not regulated. If you regulate prices then you have no competition in the market.

Energy is fungible. There is already no competition.

SDK^ · 14 Jul 2017 at 21:01

Participant said:
Warwick? Or Solihull? Or Hams Lane?

Warwick based but do Solihull and The Strand also. Are you there too?

Teknobry · 15 Jul 2017 at 07:36

so participant works for national grid but complains they make too much money?
Did you miss out on dividends or sharesaves etc? lol

Participant · 15 Jul 2017 at 07:44

I don't work for National Grid.

Behemoth · 16 Jul 2017 at 22:57

Vonhelmet said:
Energy is fungible. There is already no competition.

Totally agree with you. I work for a well known advice organisation (well not for much longer) and I work the energy line. Its clear to me there are no savings to be had by switching - in some cases people are best off staying put.

Teknobry · 17 Jul 2017 at 01:47

apologies for the DM link:

http://www.dailymail.co.uk/news/art...es-new-boss-500-000-relocation-allowance.html

Nice little relocation bonus!

Blackjack Davy · 17 Jul 2017 at 11:40

Teknobry said:
things are changing massively, national grid is no longer the system operator, that is now a seperate company. Their monopoly is soon to be challenged as other firms will now be able to tender for work that previously was done only by them. competition is coming and that will drive down prices.

Just like BT Openreach you mean where they can charge exactly what they like because they have a near monopoly? Its not like there is an alternative distribution network to the National Grid.

Teknobry · 17 Jul 2017 at 12:32

Blackjack Davy said:
Just like BT Openreach you mean where they can charge exactly what they like because they have a near monopoly? Its not like there is an alternative distribution network to the National Grid.

I think that is the point, ofgem want competition. for new connections it isn't a given that the infrastructure will be built and maintained by grid. they'll have to become competitive or lose out on those tenders to other companies.

Sankari · 19 Jul 2017 at 09:55

Consumers have paid too much for electricity and gas transmission and distribution!

Participant · 23 Jul 2017 at 09:08

Teknobry said:
I think that is the point, ofgem want competition. for new connections it isn't a given that the infrastructure will be built and maintained by grid. they'll have to become competitive or lose out on those tenders to other companies.

Can't wait to see how Ofgem will deal with several different companies owning and maintaining their own transmission network assets with the huge system operator and connection complications this will bring.

A race to the bottom is a bad idea for the nation's critical infrastructure. That said, Grid are too expensive.