Energy Prices (Strictly NO referrals!)

platinum87 said:
The total return of Exxon for example, from 2000-2020, was around 2%, in 2021 that changes to about 5%, and until now it is 7%., im sure it will be extremely similar for all oil companies.

Thus bringing them in line with the overall stock market, give or take.

So at what point should the government intervene and do what exactly?

Pepsi has returns 9.9% over the same 22 year period (annual compounded). Thats much more profit, what is to be done about them?
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Different markets though

Fossil fuels right now are a semi monopoly market, they are using natural resources owned by countries that are licenced to them
Pepsi could fail tomorrow, its got nothing preventing existing or new competition wiping them out, they arent using a limited resource etc

What would be best if there are any future contracts is to build in an additional payment if the extraction vs retail price goes above certain ratios
 
Surveyor said:
Everyone's circumstances are different which is why it's a ridiculous comment. My heating has technically been on throughout October and I only used 20% of the gas @Captain used and that included hot water and some cooking. My use doesn't mean other people don't have legitimate concerns though.
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Pfffft my heating has been on all year and I’ve not used any gas at all.

(It burns oil and I never turn it off because someone invented thermostats so that I don’t have to)
 
Our thermostats are gash, temperature seems way off, have to set it to around 25 before the heating even comes on, which is way off.

They look like these......can you just swap these for something smarter and/or digital....assume there is very little power to this....

clklAmV.png
 
Doobedoo said:
Nothing can or will get done about it though. We are witnessing a huge wealth transfer that’s been continuous since the 2000’s at least.
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yes income inequality versus eu countries makes lower income folk less resilient ... labour could start discussingg that versus parroting windfall tax.
 
platinum87 said:
The total return of Exxon for example, from 2000-2020, was around 2%, in 2021 that changes to about 5%, and until now it is 7%., im sure it will be extremely similar for all oil companies.

Thus bringing them in line with the overall stock market, give or take.

So at what point should the government intervene and do what exactly?

Pepsi has returns 9.9% over the same 22 year period (annual compounded). Thats much more profit, what is to be done about them?
Click to expand...
Brb, just going to heat my house with Pepsi.
 
platinum87 said:
The total return of Exxon for example, from 2000-2020, was around 2%, in 2021 that changes to about 5%, and until now it is 7%., im sure it will be extremely similar for all oil companies.

Thus bringing them in line with the overall stock market, give or take.

So at what point should the government intervene and do what exactly?

Pepsi has returns 9.9% over the same 22 year period (annual compounded). Thats much more profit, what is to be done about them?
Click to expand...
What a completely irrelevant comparison. One is a luxury commodity of choice, the other not.
 
chroniclard said:
Our thermostats are gash, temperature seems way off, have to set it to around 25 before the heating even comes on, which is way off.

They look like these......can you just swap these for something smarter and/or digital....assume there is very little power to this....

clklAmV.png
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I have a Hive thermostat. The thermostat is battery powered so I can position it anywhere. It connects to a hub that is directly connected to the boiler.
 
n111ck said:
Panic over...

www.telegraph.co.uk

US rates hit 4pc as Fed warns of more rises to come

The Fed has said that "ongoing increases" in interest rates will likely be needed after it raised interest rates by 75 basis points to between 3.
www.telegraph.co.uk www.telegraph.co.uk
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The prices are already back down to July levels. It’s a shame that electricity is purchased 12 months in advance but hopefully when those contracts come around again the electricity price will be a lot lower.
 
delta0 said:
The prices are already back down to July levels. It’s a shame that electricity is purchased 12 months in advance but hopefully when those contracts come around again the electricity price will be a lot lower.
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Purchased 12 months in advance from their parent companies :cry:
 
platinum87 said:
The total return of Exxon for example, from 2000-2020, was around 2%, in 2021 that changes to about 5%, and until now it is 7%., im sure it will be extremely similar for all oil companies.

Thus bringing them in line with the overall stock market, give or take.

So at what point should the government intervene and do what exactly?

Pepsi has returns 9.9% over the same 22 year period (annual compounded). Thats much more profit, what is to be done about them?
Click to expand...

Are you really comparing gas and electric to Pepsi a soft drink ? I can choose not to buy Pepsi and happily carry on. Without Gas and electric life is pretty crappy don’t you think….

Very strange……. Lol..
 
darael said:
After doing my monthly readings last night, I can conclude that my energy bills have increased ~20% since last month.

Compared to last year, my usage is down ~25% for gas and ~15% for electric.

Bring on the blackouts next. :(
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Mine went down just under 30%.

Mostly due to cheap daily/hourly unit rates on agile and gas tracker.

Also just won £1 on octopus wheel of fortune happy days.

Also have access to the saving sessions dashboard now.
 
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n111ck said:
I think the point is that the current mild weather has enabled sufficient storage so a cold winter can be managed.
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Is there any provision for customers though if the price does significantly drop where we are then overpaying compared to wholesale costs for suppliers?
 
chroniclard said:
Our thermostats are gash, temperature seems way off, have to set it to around 25 before the heating even comes on, which is way off.

They look like these......can you just swap these for something smarter and/or digital....assume there is very little power to this....
Click to expand...

I replaced mine with one of the below. It gives you a wireless control and sensing and a little box that replaces the old mechanical thermostat. it works really well and was simple to fit too…

https://www.amazon.co.uk/Honeywell-...a-4a64-a7d6-65815d850173&ref_=pd_gw_ci_mcx_mi
 
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