Soldato
- Joined
- 2 Apr 2006
- Posts
- 3,731
Who's policing the payment of that debt I wonder? I often wonder why we had to shoulder that burden in the first place, perhaps we should all chip in whenever a company is struggling.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Permabanned
Privatise profits and nationalise debt is normally how it works isn’t it?
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Soldato
Well if you put it on the government then we all pay it via taxes, if you write it off then people lose their deposits with the suppliers.
Probably just had to make everyone pay it like this.
Permabanned
When will their debt be paid off? It’s one thing being told you need to pay off someone else’s debt, but when you have no idea how much or for how long, how do you know your not being taken advantage of?
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Soldato
- Joined
- 23 May 2006
- Posts
- 7,308
indeed... which is precisely why vital services should never be privatised because when the sun shines the profits go to investors but when the crap hits the fan we have to pay for it anyway. it's the worst of both worlds.
all the risk but no rewards
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Octopus walked off with all the bulb clients but not the responsibility to repay the 5Bn (was it) tax payer debt associated with them, they get an economy of scale and premier league position in the market,
subject to current legal actions.
Ofgen discussed making standing charge fairer for those on pre-payment meters , getting rid of VAT, and only including genuine distribution costs ... but energy companies prefer the staus quo.
subject to current legal actions.
Ofgen discussed making standing charge fairer for those on pre-payment meters , getting rid of VAT, and only including genuine distribution costs ... but energy companies prefer the staus quo.
Soldato
Positive... Snipped from recent bill (Gas and Elec)
74.21p/day or £23/month (I was 3p out for some reason)
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Soldato
Positive... Snipped from recent bill (Gas and Elec)
74.21p/day or £23/month (I was 3p out for some reason)
Ah you meant for 2x fuels makes sense now
Your an incredibly low user of energy from those readings
Soldato
All water bills have a standard charge as per ofwat.
How non-household customers are charged - Ofwat
Non-households are usually charged for water and sewerage services on the basis of the amount of water they use, and the amount of wastewater and trade effluent they discard. Water If you have a meter […]
www.ofwat.gov.uk
moreover analogous bail out fee on the water bills soon - wouldn't mind being able to swim in sea/rivers
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Cornwall/invision now came out with a new £2K cap for 3/4th quarter https://www.cornwall-insight.com/pr...s-to-the-governments-announcement-on-the-epg/
but, what could possibly go wrong .... well china can increase gas demand or russia reduce supply.
think.ing.com
www.reuters.com
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Cornwall/invision now came out with a new £2K cap for 3/4th quarter https://www.cornwall-insight.com/pr...s-to-the-governments-announcement-on-the-epg/
but, what could possibly go wrong .... well china can increase gas demand or russia reduce supply.
Energy Outlook 2023: Drastic shift in natural gas outlook
European gas prices have collapsed over the Northern Hemisphere winter. Mild weather and weak industrial demand have ensured that gas storage has remained…
think.ing.com
Gazprom's gas exports to Europe up 6% in March so far vs February - Reuters calculations
Gazprom's gas supplies to Europe were up 6% on a daily basis during the first 15 days of March compared to February levels, according to Reuters calculations based on shipment data from Gazprom's daily transit volumes sent through Turkey and Ukraine.
www.reuters.com
Soldato
- Joined
- 23 May 2006
- Posts
- 7,308
it was a long time ago now so i apologise if i got this wrong but.
wasnt the promise to radically improve / modernise our entire water treatment infrastructure part of the deal for actually privatising water? ie it would be run so much better this would happen automatically because a modern quality infrastructure would ultimately be a more profitable one.
utter BS i know but am sure that was the promise
ultimately it needs to be done..... but.... i know when rail services are run poorly the government can forcibly confiscate their contract. I think this should happen with water (and all privatised infrastructure) if it needs to be bailed out by public money then it should be taken back and when profitable again the money goes into the public coffers.
this is absolutely out of my wheel house so i am probably talking nonsence!.
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Associate
No, it's the gas tracker
Soldato
There is an electricity tracker and a gas tracker, so you can join the waiting list for both, or one of them if you prefer.
Do you have a link to the electricity tracker?
Soldato
No I don't use it, try Googling it or asking Octopus, I only know it exists for both.
Associate
It's my first time having to look into energy prices as I've managed to most of the time stick my head in the sand and avoid the subject as I've always lived with family. With a 2 person household, one working from home and some quick calculations on usage and cost it seems that Octopus would work out cheaper than the current supplier Ovo. The general gist seems to be to avoid Ivo from what I've read so I'm planning on joining the club and waiting out for the tracker rate. I have to admit I'm rather relived you guys have been here as some of the discussions have been rather helpful on my decision making.
Soldato
Octopus are great in general (at least in my opinion) so far.
Make sure you get a referral code if you switch, it gives you each £50 bill credit.
Was this a public consultation or industry only?
Not sure if VAT would be part of ofgem's remit.
The Octopus acquisition of bulb does seem dodgy, Octopus would argue I supppose if they had to inherit the bill then they would simply pass it on to their customers which would have absolutely forced the government to concede.