Soldato
Why is the SC increasing by up to 50% again, the reason for the previous increase was due to the bail outs over covid, what is the reason this time? Specially at a time when everyone has been hammered by inflation and high prices.
I shall respond in the same manner of the responses I received circa 6-12 months ago when I started complaining about the SC increases/problem - Suck it buttercup.
NOW the SC is a problem??... Oh the schadenfraude![]()
Well they wanted you to believe this was the reason but it only ever made up a small percentage of the SC. Ofgem need to be more transparent about it.Why is the SC increasing by up to 50% again, the reason for the previous increase was due to the bail outs over covid, what is the reason this time? Specially at a time when everyone has been hammered by inflation and high prices.
Yeah, I've been spoilt with my three year cheap fix (RIP) so time to lube up and bend over I suppose.I'm really going to feel that change.
I'll be coming off a 24p standing and like like jumping to a 60p+ standing.
So about 40p a day increase on standing alone.
So that's about 12 pounds a month on elec standing alone. Lol
apparently paying for customer debt (the main thing they are talking about) and more failed suppliers going bust.Why is the SC increasing by up to 50% again, the reason for the previous increase was due to the bail outs over covid, what is the reason this time? Specially at a time when everyone has been hammered by inflation and high prices.
apparently paying for customer debt (the main thing they are talking about) and more failed suppliers going bust.
My standing charge is 50% of my bill already, it's just silly.
At the peak it was about 6% of the SC.We've been over this on this thread a few times now I think, but from what I understand, the standing charge is mostly not related to failed suppliers or supplier debt.
I can't find a source for it but I'm sure someone else has posted one before, and it showed only a few pence was to do with failed suppliers.
same here, i cut back to almost nothing, yet the bill keeps going upapparently paying for customer debt (the main thing they are talking about) and more failed suppliers going bust.
My standing charge is 50% of my bill already, it's just silly.
It isnt.We've been over this on this thread a few times now I think, but from what I understand, the standing charge is mostly not related to failed suppliers or supplier debt.
I can't find a source for it but I'm sure someone else has posted one before, and it showed only a few pence was to do with failed suppliers.
Yeah, to me Ofgem have been stealthily increasing their margins as a means of assurance of having no more suppliers leave the market. They obviously aware if they announced a margin increase from 1.9% to the current 6.7% it wouldnt go down well, so it was done in stages under different descriptions.So basically what your saying is
The service charge is basically just a scam and a method for the energy suppliers to extract more money out of us rather than spend their profits on improving their service.
Standing charge is an absolute scandal. It just shows how out of touch ofgem is and whose interest ofgem looks after.
I am on tracker combined standing charge is 70p now. It’s insane.
There are 28.mil house holds in the UK so on lower bound estimate, energy companies are making 20mil a day for doing nothing. That’s £7.3bil/year revenue or pure cream profit.
Well done ofgem you are truly the king of pins - looking after your cartel business super well.
Well it's not for 'doing nothing' is it, can't take people seriously who post such rubbish.Standing charge is an absolute scandal. It just shows how out of touch ofgem is and whose interest ofgem looks after.
I am on tracker combined standing charge is 70p now. It’s insane.
There are 28.mil house holds in the UK so on lower bound estimate, energy companies are making 20mil a day for doing nothing. That’s £7.3bil/year revenue or pure cream profit.
Well done ofgem you are truly the king of pins - looking after your cartel business super well.
I work in water sector and Ofwat are our regulator. They come under criticism too of course for various things but one thing they are continually hot on is minimising bill increases, affordability, vulnerable customer support and fair charging.
In contrast Ofgem appear to be very weak on the customer facing side of things. I don't know what they achieve on the wholesale side but they clearly have no desire to do anything about charging fairness or affordability issues and every decision they make appears to favour the energy companies.
I wonder if forcing more and more people to consider / buy at home power generation is making them wonder how they'll continue to fund the infrastructure?I shall respond in the same manner of the responses I received circa 6-12 months ago when I started complaining about the SC increases/problem - Suck it buttercup.
NOW the SC is a problem??... Oh the schadenfraude![]()
Or perhaps you see it that way as you are on the "inside" of one one sector and the "outside".of the other so don't see as full a picture on Ofgem as you.do with Ofwat.
I'm not defending Ofgem, the above is purely a practical observation.
Tell me what is there to do to have a meter sitting there in a property?Well it's not for 'doing nothing' is it, can't take people seriously who post such rubbish.
With all the pollution of waterways, largest water companies on the verge of collapse etc. Ofwat is not an example of anything good.