Energy bills due to go up by 40%

Don't worry. Gas futures prices have dropped dramatically in recent months so user's bills will drop accordingly. If they don't, Ofgem and the government will make the energy suppliers to reduce their charges.

Ha ha! Almost managed to say that with a straight face :(

Obviously what will happen is tory ministers being wheeled out to keep the grift going and pleading the cases of the impoverished Shell, British Gas and Octopus.
 
Don't worry. Gas futures prices have dropped dramatically in recent months so user's bills will drop accordingly. If they don't, Ofgem and the government will make the energy suppliers to reduce their charges.

Ha ha! Almost managed to say that with a straight face :(

Obviously what will happen is tory ministers being wheeled out to keep the grift going and pleading the cases of the impoverished Shell, British Gas and Octopus.
Octopus has never made a profit

 
Not sure if this is entirely accurate but gas prices have come down.

They're not robbing you, they buy energy one year in advance usually hence wholesale prices been dropping for some time.

This is why bills are forecast to drop q3/q4 and dropped in April (although only for the govt as they're sibsiding it)

Also why it too so Iong for bills to go up

There are some companies that buy daily energy, or should say were - they're all the ones that went bust in 21/22- selling energy to people for less than they could buy it forced them under

Octopus does have a wholesale price tracker. Gas today is 4.6p, but there is a waiting list. Search this site for octopus for details. It's not without risk though.
 
They're not robbing you, they buy energy one year in advance usually hence wholesale prices been dropping for some time.

This is why bills are forecast to drop q3/q4 and dropped in April (although only for the govt as they're sibsiding it)

Also why it too so Iong for bills to go up

There are some companies that buy daily energy, or should say were - they're all the ones that went bust in 21/22- selling energy to people for less than they could buy it forced them under

Octopus does have a wholesale price tracker. Gas today is 4.6p, but there is a waiting list. Search this site for octopus for details. It's not without risk though.
Do the buy it a year in advance or do they base the price based on what the expect to buy for in a years time?
 
They appear to buy it in whatever way ensures that prices rise as fast as possible and fall as slow as possible for customers.
Yes the model is broken for the consumer. This is why is should be in public ownership

That way where the price goes like it they don’t have to make schemes that protect profits, and make it affordable to the consumer
 
They're not robbing you, they buy energy one year in advance usually hence wholesale prices been dropping for some time.

This is why bills are forecast to drop q3/q4 and dropped in April (although only for the govt as they're sibsiding it)

Also why it too so Iong for bills to go up

There are some companies that buy daily energy, or should say were - they're all the ones that went bust in 21/22- selling energy to people for less than they could buy it forced them under

Octopus does have a wholesale price tracker. Gas today is 4.6p, but there is a waiting list. Search this site for octopus for details. It's not without risk though.
It’s a racket, energy producers have made big profits out of the market volatility, the consumer has suffered appallingly.
 
Whilst food prices are of course rising, at least there is actual competition and you know when wholesale prices drop there will be plenty of undercutting etc.

Energy companies operate more like a cartel. There’s got to be a better way.
 
Whilst food prices are of course rising, at least there is actual competition and you know when wholesale prices drop there will be plenty of undercutting etc.

Energy companies operate more like a cartel. There’s got to be a better way.
I've changed energy provider practically annually and always saved a fortune. Currently paying about 50-60% of EPG rates via a wholesale tracker product.

It’s a racket, energy producers have made big profits out of the market volatility, the consumer has suffered appallingly.
Well yes, I suppose if we have a few hundred billion we could invest in our wholly UK owned and operated energy production network but we don't, do we? We struggle to get a nuclear station built and even then need the French to build/own it.

And then someone like capita would run it and the contract would cost a fortune, but I'm sure any savings would totally filter down to taxpayers.
 
I've changed energy provider practically annually and always saved a fortune. Currently paying about 50-60% of EPG rates via a wholesale tracker product.


Well yes, I suppose if we have a few hundred billion we could invest in our wholly UK owned and operated energy production network but we don't, do we? We struggle to get a nuclear station built and even then need the French to build/own it.

And then someone like capita would run it and the contract would cost a fortune, but I'm sure any savings would totally filter down to taxpayers.
I don’t disagree but I think you have made a different point.

It is a sad truth that the UK energy market is run for the benefit of investors rather than consumers.

One of the main arguments against energy market reform is that the profits need to be high to attract investment for the new development, massive grid upgrades etc all required for the green electric revolution.

There are other ways to fund it but not in the U.K. where the attractiveness of the energy industry to the private investment market overrides every other consideration.
 
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