So why do they waste so much energy? there is no logic.
Last edited:
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
So why do they waste so much energy? there is no logic.
Soldato
Because it's been too cheap for to long so it wasn't a significant cost, or the cost of reducing the waste was greater than the saving.
Caporegime
It was cheap back in 2001 when we actually used way more electricity than what we use today. It is all driven by profits and greed.
this...^
They are all making record profits every year, that should tell you enough and the bonuses given out are huge. They are taking the micky really.. maybe when we have a normal government in power things will change, but for now I am expecting April 1st the joke is going to be on the government with people protesting they can't afford to even live a normal life with these huge bills now and the standing charge increase is just a pure insult now.
Soldato
Everything is driven by profits and greed. We all like to see pay rises, we like to see our pension and share prices rise, where do you think that comes from?
Exactly. It all comes down to profits and greed. I wonder how many people who can't afford to live a normal life will be voting Tory again? In a way a lot of people voted for there own poverty time and time again.
Which companies are making record profits from the sale of domestic gas and electricity?
British Gas Energy supplies eight million customers and £118 million profit is £14.75 per customer. I don't think their "record profits" are a problem.
does british gas only sell british gas too
French had one approach
But there has been some flak from other quarters, with Mr Le Maire accused of "killing off" the 85% state-owned electricity giant EDF.
EDF is bearing the brunt of the government's intervention, by being forced to sell more of its electricity to competitors at a lower price.
The firm says this will cost it €8bn this year. But Mr Le Maire is unrepentant, saying EDF is a public service and must act in the public interest "to protect the French".
-----------
its not just energy prices going up but everything in general like food, broadband, clothing, water ...
so yes people will be cutting back on remaining discretionary purchases - eating out, fast-food, travel ... has Tiim Martin put up food/drink prices in Weatherspoons.
My pension and share prices have dropped over the last 4 months.
Caporegime
Will be the final nail in the coffin for the hospitality sector as people have become accustomed to eating at home and will simply not have the money to eat out.
Prices jump to record highs on Russian supply fears
https://www.reuters.com/business/en...ket-volatile-russian-supply-fears-2022-03-04/
"British and Dutch gas prices soared on Friday, with some contracts hitting all-time highs,as market participants continued to fear disruptions to Russian gas supplies to Europe in light of the war in Ukraine.
The British day-ahead gas price rose by 104 pence to 454 pence per therm by 1352 GMT, just shy of its all-time high of 464 p/therm hit on Dec. 21."
https://www.reuters.com/business/en...ket-volatile-russian-supply-fears-2022-03-04/
"British and Dutch gas prices soared on Friday, with some contracts hitting all-time highs,as market participants continued to fear disruptions to Russian gas supplies to Europe in light of the war in Ukraine.
The British day-ahead gas price rose by 104 pence to 454 pence per therm by 1352 GMT, just shy of its all-time high of 464 p/therm hit on Dec. 21."
There's more misery to come. There's a war going on right now which is only going to escalate. With that, money flocks out of most currencies into the US Dollar for safety. Now most central banks don't want to put interest rates up, however they will have no choice, and I expect to see the markets force the Bank of England to hike rates rather substantially.
Caporegime
Not the thread to be reading when your energy usage has jumped up from around 12kWh a day to 40.
Thankfully, my energy monitor appears to have gone very wrong but some poo came out.
Thankfully, my energy monitor appears to have gone very wrong but some poo came out.
Associate
We came out of Covid19 and jumped into a War! What Madness, and people will pay for this mistake
Last edited:
I tend to agree. I'm sure if there's much more of a dip cash buyers will be in to snap stuff up.
It’s a con in respect of electricity generation and costs. I accept gas is a global commodity but how is electricity? It’s generated abs used exclusively in the UK with very little way to “export” or move it around other than a few small interconnectors.
I'd imagine the house prices would go up due to bills going up - landlords will have to increase rent prices.
And I'd have thought that would cause the price of houses to also go up further fuelling inflation.
Soldato
Time to batten down the hatches, it's going to get rough. No way the economy is going to recover from its recent battering now.