It is that time of year again.

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When we all bend over and and take it.

http://www.bbc.co.uk/news/business-24465979

SSE customers will see an average 8.2% rise in gas and electricity prices from 15 November, the company has announced.

The energy firm said the rise reflected higher costs of buying wholesale energy and paying to deliver it to customers' homes, plus government levies.

The price rises will affect about 4.4 million electricity customers and 2.9 million gas customers, not including those on fixed-price tariffs.

SSE's average annual dual-fuel energy bill will rise by £106 to £1,380.

Business and Energy Minister Michael Fallon said he was "disappointed" by SSE's decision to increase energy prices.

The energy companies must have been secretly rubbing their hands together in glee when Ed Miliband made his ridiculous announcement to freeze prices.
 
that average bill price seems like a bargin tbh...Dont know how much energy thats for but I pay way more then that at present for my two bed house.

Miliband is a fool, but it would be nice if a more sensible politician maybe at least attempted to rain this in a little.
 
That BBC figure for their profits is wrong, they took a lot of debt to get that "profit".

I am an SSE shareholder so I know. But I don't like seeing these price rises as I am also a consumer and I am sure other providers will follow suit. Though I am now on a fixed tariff, I will have to re-roll when it ends in 2015.
 
The latest calculations from the regulator found that the average profit margin made by an energy supplier on an average £1,315 bill is £65.

However, this figure can be volatile. The snapshot profit margin has risen above £100, but has also fallen to a negative figure at certain points in recent years.

Seems like good value to me.
 
that average bill price seems like a bargin tbh...Dont know how much energy thats for but I pay way more then that at present for my two bed house.

Miliband is a fool, but it would be nice if a more sensible politician maybe at least attempted to rain this in a little.

I don't think it's a bargain, I think you're paying too much (or using a shed load of gas/elec!). Have you shopped around lately?
 
I object to the price hikes especially when our money is used by some of the big energy companies to subsidise energy costs in their home territories but what I really don't understand is the timming from a PR perspective rising prices every year just as the cold weather hits is stupid and whether or not it is rank profitering it absolutely reeks of it!
 
I know Fracking is controversial, but it seems to me that if it became widespread, then our Gas bills would plummet. Trouble is, the ground water pollution. :(
 
I know Fracking is controversial, but it seems to me that if it became widespread, then our Gas bills would plummet. Trouble is, the ground water pollution. :(

Don't believe the hype on both sides of your statement. Prices won't drop, and water pollution will be minimal.

Electric cars save money on fuel - yea, until it becomes mainstream enough then electricity prices will skyrocket, despite (potential) breakthroughs and implementations of new technologies in Hydrogen and Nuclear power.
 
I know Fracking is controversial, but it seems to me that if it became widespread, then our Gas bills would plummet. Trouble is, the ground water pollution. :(

Why, the gas will be sold on the open market to the highest bidder, don't let the cheaper gas for all mantra fool you.
 
I know Fracking is controversial, but it seems to me that if it became widespread, then our Gas bills would plummet. Trouble is, the ground water pollution. :(

Fracking doesn't produce ground water pollution any more than any other oil and gas extraction (ie basically none in the UK), however the likelihood of it reducing gas bills is slim to none. It's marginally economic in the UK as it is let alone with decreased wholesale gas prices. On the other hand it may reduce the rate at which wholesale gas prices are increasing. On which note, before we string up the gas companies how about we see how much wholesale gas has gone up in the last year? Similar amount to their increases?
 
How long before Ofgem get involved?

They're still arround? Seen or heard nothing about them doing anything FOR consumers.

Anyway, I've been doing it for 3 years now, every late summer, shop and reroll with a new gas company with the best price for my use. This year, it's M&S Energy (running on the back of SSE), cheaper, great customer service thus far and change over should happen in a fortnight. Bye Biritish Gas, maybe when it's free Saturday energy kicks in will I return to them...
 
I know the pollution is minimal. As for the prices, they have plummeted in America where Fracking is widespread, so you're wrong about that.

*EDIT* http://www.ft.com/cms/s/0/45d75ad0-fe7f-11e2-97dc-00144feabdc0.html

The US has a totally different gas market to Europe. For example tell the Alaskans their gas bills have plummited... The wholesale industrialisaltion if while states in the US is not something that will happen here either (both due to the geology and environmental impact of an industrialised landscape).
 
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