Energy prices predicted to rise to £3,850 in January...

Discussion in 'Bulletin Board' started by StatisTYKE, Jul 27, 2022.

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  1. Redstone

    Redstone Well-Known Member

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    Very true people need to understand that their is no limit to how much they can be charged based on usage. The next rise is January not April. That's when it's likely to hit the 5k mark.
     
    Redstone, Aug 26, 2022
    #221
  2. nezbfc

    nezbfc Well-Known Member

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    nezbfc, Aug 26, 2022
    #222
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  3. DazFrumTarn

    DazFrumTarn Well-Known Member

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    Last edited: Aug 27, 2022
    DazFrumTarn, Aug 27, 2022
    #223
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  4. DazFrumTarn

    DazFrumTarn Well-Known Member

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    RDT_20220827_2207308809089006389447936.png
     
    DazFrumTarn, Aug 27, 2022
    #224
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  5. dreamboy3000

    dreamboy3000 Well-Known Member

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    dreamboy3000, Aug 28, 2022
    #225
  6. orsenkaht

    orsenkaht Well-Known Member

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    orsenkaht, Aug 28, 2022
    #226
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  7. bfc

    bfc1001 Well-Known Member

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    It won't . In fact the 2008 climate change act ( voted in unanimously) seems to be the main cause of our current pain . The switch to renewable energy has failed spectacularly , all of course voted in so politicians could virtue signal their green credentials.


    Video above is worth a watch . Made 4 years ago but they certainly saw it coming . Prices were rising back then hence why Teresa may created ofgem to try and keep a lid on prices which of course led to all the energy start up companies going bust all at once . They could nt raise prices past ofgems limit so gradually lost money until liquidation . What a tragedy this will turn out to be ....
     
    bfc1001, Aug 28, 2022
    #227
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  8. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    The issue here is way bigger than just people trying to heat their homes. It goes much further than that. Reports today that 500,000 hospitality jobs at risk as there’s no cap for small businesses and places are being asked to find an extra £120k a year plus just to stay open.

    What that 500,000 number doesn’t take into account is supply chain. When the doors start closing on hospitality, so do the jobs in the support network for the sector.

    Probably the most worried I’ve been in my lifetime around the future for the next 12 months. And nothing is being done.
     
    Loko the Tyke, Aug 28, 2022
    #228
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  9. upt

    upthecolliers Well-Known Member

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    There is only one way to stop energy price rises and that is NATIONALIZATION.

    ENOUGH IS ENOUGH.
     
    upthecolliers, Aug 28, 2022
    #229
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  10. exiled

    exiled Well-Known Member

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    Aldi for some strange reason have just been selling off 10kg bags of coal for half price so £1.99 a bag, I bought 2pallets so 2 tonnes for £400, far cheaper than any merchant will sell it. That'll do me for at least 2 winters I reckon.
    Time to bunker down, the world's going mad.
     
    exiled, Aug 28, 2022
    #230
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  11. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    People queuing for days in Poland to stock up on their coal supply. You’re not alone in taking this approach.
     
    Loko the Tyke, Aug 28, 2022
    #231
  12. Redstone

    Redstone Well-Known Member

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    I've already seen a few stories of small businesses closing citing energy prices as a major factor. I think one was a chippy and the other a restaurant. Both said they had the custom.
     
    Redstone, Aug 28, 2022
    #232
  13. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    Businesses that were on the brink due to lockdown rules and restrictions are now being given zero support on energy. The media have been silent on it. ‘Celebrities’ have t said a word from the pedestal they like to put themselves on.

    Reality is starting to hit home. These businesses won’t be here. Which is not just the livelihoods of those owners in tatters but all the people they employ not having a job to go to.
     
    Loko the Tyke, Aug 28, 2022
    #233
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  14. Redstone

    Redstone Well-Known Member

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    Very interesting coment at the end dof that video. The MP saying the house of commons has historically made its worse decisions when the house is unanimous. When MPs switch off critical thinking in favour of moral self congratulation.
     
    Redstone, Aug 28, 2022
    #234
  15. Redstone

    Redstone Well-Known Member

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    And as you say the knock on impact down the supply chain. Then the increase in price on items produced by larger businesses. Which will further drive up inflation and likely followed by interest rates, the viscous cycle continues.
     
    Redstone, Aug 28, 2022
    #235
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  16. RedKen-dal

    RedKen-dal Well-Known Member

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    Main cause of our current pain is that gas is now 15 times the price it was before Russia invaded Ukraine.
    look at the graph of gas price shown on this link:
    https://www.bbc.co.uk/news/business-58620167
    Cost of electricity is linked to price of gas and needs decoupling as quick as possible. Don’t know what we’ve got to is it 40 % renewables now? We need to reduce our dependence on energy from despotic regimes and reduce CO2 production. Somehow we need to do this while safeguarding peoples livelihoods and lifestyle. We have Putin to thank for this not the 2008 climate act.
     
    Last edited: Aug 28, 2022
    RedKen-dal, Aug 28, 2022
    #236
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  17. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    Here you go

    But not only are shops restaurants pubs going to be pushed over into bankruptcy whats left ouf our industry is hardly going to be competitive with the rest of the competition if that is the sort of percentage increase thay are facing when many other countries are seeing much lower increases

    The current domestic tariff in France for electric on EDF is €0.174 - a figure I just checked today on their website before posting it

    of course gas generates 50% of our electricity ( thanks Maggie) but surely the increase in electricity prices should be about half the increase in gas pricing
     
    Farnham_Red, Aug 28, 2022
    #237
  18. RedKen-dal

    RedKen-dal Well-Known Member

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    The pricing structure paid to electricity producers is based on the most expensive generator used to satisfy demand in the previous half hour. So if gas is needed then it will set the price paid to all producers including renewables which will as you point out not have higher costs. The pricing structure needs to change. There’s a good explanation here:
    https://www.goodenergy.co.uk/why-do...rive-electricity-prices-including-renewables/
    There can be little argument against further windfall taxes while we wait for the pricing structure to be changed.
     
    RedKen-dal, Aug 28, 2022
    #238
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  19. Jay

    Jay Well-Known Member

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    Coal is being phased out. It will soon be illegal to sell it. I think that's from September (although I could be wrong on the date). Which is why Aldi were selling it off.
     
    Jay, Aug 29, 2022
    #239
  20. Old Goat

    Old Goat Well-Known Member

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    Old Goat, Aug 29, 2022
    #240
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