Wholesale gas prices have almost halved since June!!!!!!!

iamesbo

BallandChain wrote: »

I posted on a thread of Iamesbo's last night and it's disappeared. Why was that thread pulled? I didn't see anything warranting it's closure. I was looking forward to reading Iamesbo's evidence concerning the electric/gas companies profiteering.

A good question I was wondering why it disappeared to:-

To refresh you memory here are some of the points made, should I repost the thread as there seems to be no justifiable reason for its removal???
I will be posting further evidence in this thread.

---

http://www.telegraph.co.uk/news/ukne...consumers.html

" To protect themselves from fluctuating wholesale prices, big energy retailers tend to buy their gas supplies at agreed prices months and sometimes even years ahead."

Ahh.. so we should be paying last years prices then, the price they bought it at to protect themselves from the fluctuations!!

How come the price rose with oil prices when the oil price went up??

I mean surely they bought that gas up to a year before the oil price rises, so no need to raise our bills.

Futhermore - " The UK has the capacity to store around 13 days of gas, compared to Germany with 99 days and France with 122 days."

Ahh... so we can only store 13 days of gas, so by my reckoning gas prices should have started falling in mid July and have been falling all the time after that for 3 months. But prices have been going up.

Whats happened there then?

All the expensive gas has been used up we should be getting cheaper stuff now, lets face it we have no were to store that expensive gas so why are prices still high.


I will tell you why.


The gas companies are run by ruthless crooks, who if I were incharge would be taken out and shot. No doubt about that.

Same goes for the effing 'regulator', they would be the first up against the wall.

" Garry Felgate, chief executive of the ERA said: “As gas is bought through long- and short-term contracts on the wholesale market, there is always a time lag between when the wholesale price rises or falls and when customers’ domestic bills rise or fall.”"

Didn't notice a time lag when prices went up Gary, what went wrong there?

And from the lovely 'regulator' OFGEM.

"A lack of gas storage capacity in Britain also prevents firms “banking” gas when it is available at low prices. "

So we can't have any of that expensive gas 'banked' then can we?
How come you didn't spot that glaring error????
To much 'hopsitality' from the gas suppliers perhaps?

And the final 'joke' is from uSwitch, who unsurprisingly are paid ny the gas companies.



"Prices could stay high next winter too. According to uSwitch, wholesale gas prices for delivery in the winter of 2009/10 are around 70 p per therm, roughly the same as today’s prices." (seems they have managed to squeeze 2 years worth of supply into a 13 days worth of storage capacity!!! Sounds very dangerous to me!!)

"uSwitch.com has agreed deals with some suppliers across all our services to receive a 'small commission' payment when a customer chooses to switch"

The higher the price the more people are forced to switch so they *profit* from high prices - vested interest - B******DS.

We need to re-nationalise our gas companies and get rid of the curent bunch of crooks running them. And get rid of Gorden Brown too, what a waste of space he turned out to be. But not elect the Tories, get me in instead

I will kick all their !!!!!! out of the country!!

In the meantime I will have to see about getting oil fired heating, I won't be held to ransom by those criminals supplying the gas, they can go bankrupt for all I care.

There are plenty of people being laid off who should be able to do the work cheaply, gotta be better than paying twice the price for your gas.

The gas companies can go **** themselves

BallandChain

Error 404
Sorry, the page you have requested is not available
Please try again later

This error message may occur for a number of reasons:

We are unable to locate any more files relating to this subject
The file may have been moved or deleted because it is out of date
You may have followed a link from another web site that contains an incorrect or out of date URL (web page address)
You may have typed an incorrect URL into your browser
There may be an error on the telegraph.co.uk site.

This is what I get on the link you posted. Thanks for reposting your initial post from the now deleted thread. I don't know why your thread got pulled as it was interesting. Maybe those who are pro gas/electric companies had something to complain about? You could start another thread but no doubt that would get pulled for some minor reason.

Yes it just beggars belief the prices we get charged. They don't get charged extortionate prices in Norway and they are a colder country. (Was listening to Radio 4.) You'd think that with the profits these companies make they would build our own storage tanks for our gas instead of having it imported here. They talk about renewables and saving the planet and yet it isn't cost effective or environmentally friendly shipping the gas over here.Ooops, sorry rant over!

iamesbo

BallandChain wrote: »

Error 404
Sorry, the page you have requested is not available
Please try again later

This error message may occur for a number of reasons:

We are unable to locate any more files relating to this subject
The file may have been moved or deleted because it is out of date
You may have followed a link from another web site that contains an incorrect or out of date URL (web page address)
You may have typed an incorrect URL into your browser
There may be an error on the telegraph.co.uk site.

This is what I get on the link you posted. Thanks for reposting your initial post from the now deleted thread. I don't know why your thread got pulled as it was interesting. Maybe those who are pro gas/electric companies had something to complain about? You could start another thread but no doubt that would get pulled for some minor reason.

Yes it just beggars belief the prices we get charged. They don't get charged extortionate prices in Norway and they are a colder country. (Was listening to Radio 4.) You'd think that with the profits these companies make they would build our own storage tanks for our gas instead of having it imported here. They talk about renewables and saving the planet and yet it isn't cost effective or environmentally friendly shipping the gas over here.Ooops, sorry rant over!

Yes one could be forgiven for thinking that the site was in somewhat trying to surppress criticism of high gas prices, but why would it want to do that?
Afterall it is supposed to be a site for helping people save money, not suspressing critism of companies who are widely believd, by the general public, the press and many industry watchers and by anyone with any common sense to be overcharging customers.

iamesbo

You can see from the above graph that the green line, gas prices is following oil (and US gas) up, you can quite clearly see that, it then starts following them down, then something rather strange happens, there is an inexpliciable huge increase in gas prices as oil (and US gas) fall

How do you explain that other than illegal price rigging?

backfoot

iamesbo,

RE post 82.

I would imagine someone has objected to your use of not very well disguised offensive language. You have made some very good and strong points but they tend to lose impact when the reader gets to childish rant towards the end of your post.

iamesbo

backfoot wrote: »

iamesbo,

RE post 82.

I would imagine someone has objected to your use of not very well disguised offensive language. You have made some very good and strong points but they tend to lose impact when the reader gets to childish rant towards the end of your post.

Nothing in my post you won't find in all the newspapers, and they have not been banned yet. Also I am not a child or childish I am an adult who is angered by high
gas prices which are unjustified.

BallandChain

iamesbo wrote: »

You can see from the above graph that the green line, gas prices is following oil (and US gas) up, you can quite clearly see that, it then starts following them down, then something rather strange happens, there is an inexpliciable huge increase in gas prices as oil (and US gas) fall

How do you explain that other than illegal price rigging?

That does look suspicious. I think it was Ofgem? that stated on Radio 4 that they found no evidence of a cartel. Hmmm.

Plushchris

1carminestocky wrote: »

This programme (although some of it is a little boring) is well worth a squint at as the people it speaks to are basically ones whose knowledge of the industry (without making their livelihood from it like some of the apologists on here) is such that it's difficult to discredit (though I'm sure Mech will try and come up with yet another spirograph-ish graph to attempt it, lol). It can be viewed on Channel 4s catch up service here:

http://www.channel4.com/video/brandless-catchup.jsp?vodBrand=dispatches-the-truth-about-your-energy-bill

You are kidding I hope?

That program was a badly concealed hour long advert for Uswitch.

1carminestocky

Plushchris wrote: »

You are kidding I hope?

That program was a badly concealed hour long advert for Uswitch.

Not quite true. There were industry heavyweights (credentials hard to poo poo) interviewed who were highly critical of the industry, did you not see them, PC? but by all means if you want to have a go at debunking their theories, feel free..

Plushchris

1carminestocky wrote: »

Not quite true. There were industry heavyweights (credentials hard to poo poo) interviewed who were highly critical of the industry, did you not see them, PC? but by all means if you want to have a go at debunking their theories, feel free..

It was interesting hearing what the "Industry heavyweights" had to say, and yes they were highly critical of the industry (and I agreed with most of what they said)

And not to debunk but Allan Asher is just out of a job so its no wonder he is speaking his mind its just a crying shame he didnt come out with all this while he was still in charge and actually did something about it.