Energy Prices (Strictly NO referrals!)

So people are struggling to pay their bills because of rising energy costs, and the solution they have come up with is to raise them even more. Makes great sense that.

So people already struggling will struggle even more and the ones just scrapping by will be in that can't pay bracket so the next solution will be............ raise them again.

Brilliant idea, give the people who think of these things a medal, or a pay raise, oh forget that as they get that lovely bonus for meeting targets, or should that be robbing people blind.
 
darkgen said:
Strange sort of competitiveness where all households ultimately pay private companies costs /debt irrespective whether they're a customer of them or not!
Click to expand...

Most of those companies that failed failed (partly) because of the government
The government set the rules in regards the price cap, the very price cap that saw the companies forced to sell at below cost because they were prevented from charging cost+ as it would be above the cap

The moment the price started soaring and companies started having issues they should have abandoned the cap, or at least revised it.

Most of the debt was customer balances. If you stop the energy companies using those balances for purchasing energy then no one would pay in advance.
If no one pays in advance then the energy companies would be forced to borrow massive amounts of money, and the costs of that borrowing would fall on.... us!
 
Mercenary Keyboard Warrior said:
Most of those companies that failed failed (partly) because of the government
The government set the rules in regards the price cap, the very price cap that saw the companies forced to sell at below cost because they were prevented from charging cost+ as it would be above the cap

The moment the price started soaring and companies started having issues they should have abandoned the cap, or at least revised it.

Most of the debt was customer balances. If you stop the energy companies using those balances for purchasing energy then no one would pay in advance.
If no one pays in advance then the energy companies would be forced to borrow massive amounts of money, and the costs of that borrowing would fall on.... us!
Click to expand...
I should take a look at how other comparable countries deal with energy supply and the associated costs for delivery but the UK model sure as hell does not seem to be performing as intended whether or not through government interventions (good or ill). I would have expected private companies to of had a robust strategy when operating in leaner years as irrespective of the shock created by the recent Ukraine conflict, there have been several decades for company wealth funds to have accumulated to offset such times.

There has to be a better way to deliver and support a cost efficient model when operating core infrastructure services in the privatised sector. If not, what is the point.
 
darkgen said:
Strange sort of competitiveness where all households ultimately pay private companies costs /debt irrespective whether they're a customer of them or not!
Click to expand...
Who else would pay them..................................................
 
sessionimportexportbaselinesavedrewardearnings
2023-11-16T17:30:00.000Z
0.352​
2.347​
0.0055​
2.3424​
4216​
5.27​
2023-11-29T17:00:00.000Z
0.003​
5.352​
1.4525​
6.8015​
21768​
27.21​
2023-12-01T16:30:00.000Z
0​
6.549​
0.8833​
7.4323​
23776​
29.72​
2023-12-05T17:30:00.000Z
0​
4.693​
1.1801​
5.8731​
10568​
13.21​
2023-12-12T17:00:00.000Z
0​
4.66​
0.8936​
5.5536​
9992​
12.49​
2023-12-14T17:00:00.000Z
0.279​
4.501​
0.7829​
5.0049​
9008​
11.26​
2023-12-15T17:00:00.000Z
0.7829​

Will break the £100 today
 
dlockers said:
Who else would pay them..................................................
Click to expand...
Usually in the private sector, costs to their customers for a service provision incorporates bad debt created by other customers of the same company.

The logic seemingly applied here is that; "oh well, every energy supplier has bad debt, it's all swings and roundabouts, may as well consolidate all bad debt from every private energy supplier and make every household pay for it thereby potentially reducing the overall cost for each household."

I get it, I really do but it a) leaves a bad taste in my mouth that private suppliers are provided such a convenience in an supposed competitive market while b) at best ignoring how or why these suppliers ended up in this position whether due to lack of strategy, poor governance, lack of wealth fund or whatever else and at worst allows bad practices where they may exist by not addressing core business concerns and lastly c) not mentioning these same suppliers were creaming it from the same households during the good times!

dlockers said:
Who else would pay them..................................................
Click to expand...
It's all moot really isn't it. UK households will continue to pay and pay and pay ....
 
Does anyone else have Fan Assisted Storage Heaters with a Day/Night digital display? First Winter I've had one and it's fan assisted too. I'm unsure what to set the night temp to, as any higher than 17C and the fan keeps coming on and pumping the heat out, losing the heat that's charging

410571523-10159764318352108-4043517314926390883-n.jpg


411553165-10159764318457108-3286942992390293704-n.jpg
 
Neil79 said:
Does anyone else have Fan Assisted Storage Heaters with a Day/Night digital display? First Winter I've had one and it's fan assisted too. I'm unsure what to set the night temp to, as any higher than 17C and the fan keeps coming on and pumping the heat out, losing the heat that's charging

410571523-10159764318352108-4043517314926390883-n.jpg


411553165-10159764318457108-3286942992390293704-n.jpg
Click to expand...


All I can think is keep it below 17 so it charges, and add a cheap small 500W oil heater to use overnight to trickle some heat into the room to keep it comfortable and avoid the storage heater turning on?
 
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