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The_One · 5 Jul 2018 at 11:06

your wrong

in the last 3 months prices have shot up

pooley · 5 Jul 2018 at 11:06

it's a rigged game so i'm not surprised tbh

Minusorange · 5 Jul 2018 at 11:06

I don't understand why we don't use our plastic waste for energy instead of shipping it to places like Sweden so they can instead get cheap energy from it :confused:

VincentHanna · 5 Jul 2018 at 11:07

The_One said:
your wrong

in the last 3 months prices have shot up

But we're told they (the energy suppliers) purchase in bulk 12 months in advance?

The_One · 5 Jul 2018 at 11:11

All you need to know

https://blog.purepla.net/whats-up-with-wholesale-gas-and-electricity-prices-f9dec2dfe1be

Simply demand

Also last month norweigans largest gas supply route was closed for long term maintenance meaning we have to get it from elsewhere which means more demand elsewhere which means costs go up

The_One · 5 Jul 2018 at 11:17

Kermit said:
^^ blog link is from an energy supplier, hardly trustworthy source of facts.

Lol go to any market site and look at last 3 to 6 months price of gas has rocketed

doodah · 5 Jul 2018 at 11:47

It feels like if wholesale prices go up, customers pay more fairly quickly after. If the opposite happens, that lag greatly increases and they start talking about advanced purchasing.

Kronos · 5 Jul 2018 at 11:56

doodah said:
It feels like if wholesale prices go up, customers pay more fairly quickly after. If the opposite happens, that lag greatly increases and they start talking about advanced purchasing.

That happens with everything, wholesale prices rise bung it on the consumer immediately, they fall and consumer prices remain the same or drop by a small amountbecause the suppliers buy in advance and of course our politicians allow this to go on.

Roar87 · 5 Jul 2018 at 11:57

Of course the system is rigged, we're literally cash cows to the energy providers. They earn billions of pounds in profit, people will do basically what ever it takes to maintain that sort of income and will pay big bonuses to see it increase every year. They know how to manipulate the market to make sure that energy never becomes cheaper even though technology has advanced incredibly.

Nasher · 5 Jul 2018 at 11:58

Totally rigged market which only goes one way. It's about time we had people in charge, who aren't taking backhanders and will sort it out.

cheesyboy · 5 Jul 2018 at 12:13

I had a message from Bulb (no referrals) that my electric was going up.

An increase to my direct debit of £0.06 per month

Martini1991 · 5 Jul 2018 at 12:41

Nasher said:
Totally rigged market which only goes one way. It's about time we had people in charge, who aren't taking backhanders and will sort it out.

Corbyn's more likely to have a positive impact with this, yet I'm assuming you're against him?

SixTwoSix · 5 Jul 2018 at 12:55

cheesyboy said:
I had a message from Bulb (no referrals) that my electric was going up.

An increase to my direct debit of £0.06 per month

Whats's your experience with bulb been like and how long have you been with them?

My tariff is up end of the month and they come in cheapest after many many hours of checking available deals.

cheesyboy · 5 Jul 2018 at 12:58

SixTwoSix said:
Whats's your experience with bulb been like and how long have you been with them?

My tariff is up end of the month and they come in cheapest after many many hours of checking available deals.

Only joined up 2 months ago, but it's been smooth so far. That £0.06 rise was because of "a 21% rise in wholesale energy since February" so hopefully have already built in the main price rises we're experiencing

Stop mentioning it then

SixTwoSix · 5 Jul 2018 at 13:08

cheesyboy said:
Only joined up 2 months ago, but it's been smooth so far. That £0.06 rise was because of "a 21% rise in wholesale energy since February" so hopefully have already built in the main price rises we're experiencing

Thanks for the quick reply. If you don't mind me asking, what is your monthly DD cost that the 6p rise was against?

cheesyboy · 5 Jul 2018 at 13:10

SixTwoSix said:
Thanks for the quick reply. If you don't mind me asking, what is your monthly DD cost that the 6p rise was against?

£58. We use (IIRC) about 4500-5000KWH per year. Can't remember exactly what I estimated when setting up the account. Electric only, as we don't have mains gas.

Kronos · 5 Jul 2018 at 13:18

SixTwoSix said:
Whats's your experience with bulb been like and how long have you been with them?

My tariff is up end of the month and they come in cheapest after many many hours of checking available deals.

I lasted a month with Bulb as they could not explain why i needed two meter readers to call in that month, in fact their customer service rep was downright rude. If you look on their Facebook page there are lots of posts extolling the savings of 350/60 70 a month people were saving, I saved 3 quid. Just moved to Avro who are slightly less than Bulb.