Soldato
Yes indeed
I find it interesting people dont realise that social tariffs are in effect paid for by the other consumers
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Yes indeed
I find it interesting people dont realise that social tariffs are in effect paid for by the other consumers
So, my dad's fix just expired and with the potential for more energy chaos he wanted to fix.
He's currently with Scottish Power and wants to stay with them as he's attached to the in home display (SMETS 1).
The only option they have is a 'Flexi Rate' which is based on 75% fixed cost and 25% variable.
The variable element of this seems to be all of extra taxes / charges loaded onto energy which was a bit of a surprise to me as I didn't realise on the charges accounted for so much.
They are all listed in the T+C's by region (scroll down for yours and expand) and split into elements covered in standing charge and rate. Scottish Power T+C
Seems like they are covering themselves against the government increasing these mandatory charges which isn't something I've seen before and not sure that's a good thing.
What do they know that means they don't consider these parts fixed for 12m?
Is this now common? I fixed with a different supplier a few months back and it was a straight fix.
Examples
Northwest Electricity
Northwest Gas
He's currently with Scottish Power and wants to stay with them as he's attached to the in home display (SMETS 1).
The only option they have is a 'Flexi Rate' which is based on 75% fixed cost and 25% variable.
The variable element of this seems to be all of extra taxes / charges loaded onto energy which was a bit of a surprise to me as I didn't realise on the charges accounted for so much.
They are all listed in the T+C's by region (scroll down for yours and expand) and split into elements covered in standing charge and rate. Scottish Power T+C
Seems like they are covering themselves against the government increasing these mandatory charges which isn't something I've seen before and not sure that's a good thing.
What do they know that means they don't consider these parts fixed for 12m?
Is this now common? I fixed with a different supplier a few months back and it was a straight fix.
Examples
Northwest Electricity
Northwest Gas
Yup and the media went and shamed OFGEM into stopping suppliers installing them.....
they put the contracts out for tender before incorporating the impact of inflation on build costs and interest rates for borrowing money - yes perhaps they should have abandonned the round.
the offshore wind companies had previously flagged up these increasing costs so lack of offers was no real surprise;
on the other hand have those companies found other countries to deploy their resources..
If we now construct more onshore wind - a quarter of the cost isn't it ? not such a bad thing.
Haven't heard Keir pontificate on on-shore wind and tell the electorate he's trying to buy with his housing promises they will have a turbine next to their house.
new oil fields - the government in theory is using the windfall profits to pay the winter fuel credits for those less well off - the £400 we all had last year plus the over 80's credit parents receive - levelling up.
Soldato
From what I’ve read on a five minute google the ‘health risks’ unless you already have a significant respiratory condition don’t really exist and it’s not like the inside of modern houses actually get properly cold 16/17 degrees isn’t cold!
I know all this, profits are up regardless of what you just typed.
ignore this, bad reply, mods can delete.
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Mainly it was the BBC.
The BBC was shaming Ofgem on the possibility of introducing a social tariff?
If you have a link would appreciate it, as cant find it.
Only found this.
People struggling could get lower energy bills
The regulator will also investigate the growth in households being switched to prepayment meters.
www.bbc.co.uk
Typically the BBC dont usually offer an opinion on their articles, so I am very curious at this point.
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He's talking about prepayment meters.
Ahh I see, MKW mentioned social tariffs but I responded to something on prepay meters, going to edit my post urrrgh.
Soldato
Although I scorn at the fact private companies should really provide funding, as an ethical initiative under licencing, for social tariffs from their own coffers / profits, I accept, begrudgingly, that this is being subsidised by other customers; a "social" tariff after all.
I utterly reject as unreasonable and unfair at the current situation, where seemingly, every customer of every other private energy company is subsidising each others debt, under the guise of whole sector security.
Soldato
The whole thing is basically a buggers muddle.
There are multiple parties at fault, across differing timescales.
The first party to blame was the government who privatised it without decent enough safeguards in place to ensure a secure and competitive marketplace.
In recent times the government and Ofgem were the main villains. The majority of the energy firms that have gone bust were as a direct result of the government and Ofgem, not those companies.
Those companies in a normal functioning market place would simply up prices, they couldn't, and hadn't got the reserves and/or scale of the old players.
We see the same issues across the whole of the environment of monopoly supplies being attempted to be run with "competition"
They all either get screwed (like Royal mail being forced to provide service to the competitors at the point of loss making (delivery)) or end up in a position of too much power, utilities etc.
IMO the French model is far better with private/government involvement.
There are multiple parties at fault, across differing timescales.
The first party to blame was the government who privatised it without decent enough safeguards in place to ensure a secure and competitive marketplace.
In recent times the government and Ofgem were the main villains. The majority of the energy firms that have gone bust were as a direct result of the government and Ofgem, not those companies.
Those companies in a normal functioning market place would simply up prices, they couldn't, and hadn't got the reserves and/or scale of the old players.
We see the same issues across the whole of the environment of monopoly supplies being attempted to be run with "competition"
They all either get screwed (like Royal mail being forced to provide service to the competitors at the point of loss making (delivery)) or end up in a position of too much power, utilities etc.
IMO the French model is far better with private/government involvement.
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And working entitely as intended, and as envisaged when everyone's birthrights were sold off for peanuts, a process which began 40 years ago. Nationalk assets stolen by the tories and sold to their mates in the city as basically free chips at the casino.
Soldato
Not strictly true.
A lot of public bought shares in the privatised companies, but most then just flogged them straight on for a profit.
The sales were split to differing markets.
I wonder where the vast majory of shares are now? I doubt there are that many "Sids" left. Either way that's pretty much what happened.
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Most things are better in France.
Obviously I don't know the ins and outs but I haven't seen anything better here than in France.
You can always find out who owns large share stakes.
Funny how having better public services, social provision, and infrastructure go hand in hand with having a quite heavily unionised working and middle class and a population with some b***s isn't it?