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MSE News: Consumers warned over energy hikes

Former_MSE_Helen
Former_MSE_Helen Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:

"Households have been urged to snap up a cheap energy deal while they can ..."
«1

Comments

  • ANGLICANPAT
    ANGLICANPAT Posts: 1,455 Forumite
    Part of the Furniture 1,000 Posts
    Well, Ive hung back from taking up SP's fixed rate 13 in the hope that the Which price will be competitive. Cant imagine it will be now as it only has to compete with the new raised prices I guess. Wonder if all the big companies will now anounce rises before Which has a chance to reveal its offer.
  • Butterfly_Brain
    Butterfly_Brain Posts: 8,862 Forumite
    Part of the Furniture 1,000 Posts I've been Money Tipped! Post of the Month
    They have us over a barrel, they have not put the bills down in the last year even though the price has fallen a lot. Why do you think that we don't have storage capacity so that they can buy more gas when it is cheaper? Oh yes it is because they would have to invest some of their shareholders money to build them and it wouldn't be in their interest anyway, because they wouldn't have an excuse to milk us more for their fat cat bosses and shareholders.....thieves the lot of them.
    Blessed are the cracked for they are the ones that let in the light
    C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
    Not Buying it 2015!
  • Dave_C_2
    Dave_C_2 Posts: 1,827 Forumite
    But shirley as consumers we have a whole government department to protect us from these ripoff merchants, sorry big six energy companies increasing prices. Ofgem, the seventh energy company.

    Dave
  • dori2o
    dori2o Posts: 8,150 Forumite
    Part of the Furniture 1,000 Posts
    Until people stop paying their bills and force these companies to bring their charges down to a reasonable level, they'll always have the upper hand.

    People power forced the banks to back down over their charging regeims and their PPI mis-selling, it needs a similar type of action to show these companies they are taking the p***.

    Unfortunately not enough people are willing to stand together and fight and so the fat cats keep getting fatter.

    If ever there was a case for re-nationalisation, then the energy sector is the prime example.
    [SIZE=-1]To equate judgement and wisdom with occupation is at best . . . insulting.
    [/SIZE]
  • Terrylw1
    Terrylw1 Posts: 7,038 Forumite
    Problem: Ah, heading into the summer months are we, people using less heating?

    Solution: Price rise, weh heh!
    :rotfl: It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!:rotfl:
  • Fred_Bear_2
    Fred_Bear_2 Posts: 392 Forumite
    One way to fight back is to use less.

    By buying energy-efficient appliances and using them as efficiently as possible we have cut our electricity bill (not including the standing charge) from £383 (6500kWh @ 5.615p) in 2004 (equivalent to £479 after inflation) to £220 (2224kWh @ 9.43p) in 2011.
  • Terrylw1
    Terrylw1 Posts: 7,038 Forumite
    I_luv_cats wrote: »

    They always blame it on wholesale but its also the operating costs. After all, someone spending £200m+ on new billing systems is going to be shoving that on your bills for the next X years...
    :rotfl: It's better to live 1 year as a tiger than a lifetime as a worm...but then, whoever heard of a wormskin rug!!!:rotfl:
  • Butterfly_Brain
    Butterfly_Brain Posts: 8,862 Forumite
    Part of the Furniture 1,000 Posts I've been Money Tipped! Post of the Month
    So 28% wholesale will probably equate to 40%-50% to the consumer, after all they have to make a profit don't they.
    Blessed are the cracked for they are the ones that let in the light
    C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
    Not Buying it 2015!
  • Fred_Bear wrote: »
    One way to fight back is to use less.

    By buying energy-efficient appliances and using them as efficiently as possible we have cut our electricity bill (not including the standing charge) from £383 (6500kWh @ 5.615p) in 2004 (equivalent to £479 after inflation) to £220 (2224kWh @ 9.43p) in 2011.


    I get what you are saying, I really do. But at what cost has this saving come? Obviously if the appliance no longer worked then it's a no brainer but have you replaced working (inefficient) appliances for new (efficient) appliances?
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