Energy Prices--A Brokers View--

fatlad1971

Cardew wrote: »

Fatboy

Just to refresh your memory. You wrote in your opening post:



In reply I wrote:



Since that exchange you have misread Euros for Pence, Transposed Industrial gas prices for domestic gas prices, and in your latest faux pas misread electricity prices for gas prices.

It wouldn't be so bad if you simply admitted you have made mistake after mistake, but you accuse me of being unable to interpret the tables in the link I gave you.

So the subject under discussion is domestic gas - not any form of industrial prices and not electricity - is that quite clear?

My addy is fatlad , so childish personal attempts at insulting me are a little sad for (I'm assuming) a fully grown man.

There is no comprehensive data available in the UK with regards to the average cost of gas.

No one , suppliers , Ofgem , energy watch etc can provide it .

Your argument is fundamentally flawed

You offered this website http://www.energy.eu/#domestic as the source of the information you were offering as fact

You stated and i quote you " Firstly the prices quoted for Europe are in an official European Commission Document. - That is the link I gave above."

But it is not an official European commission document is it
" Europe's Energy Portal is a private initiative, strongly rooted within the EU, but run independently from the European Union."

It is neither funded nor recognized by the European commission.

I cant not be bothered to waste my time on a person like yourself

Many thanks for the personal messages i have recieved from varouis posters , they were greatly apprecated :T

The three posters who contacted me with regards to advice about business energy and help with picking the right supplier. I am afraid i wish to remain impartional on this board so i dont feel i can hand on heart do what you have asked and retain impartiality .

I will answer all questions as honestly as i can with regards to my knowledge of the energy markets as often as i can .

fatlad1971

Cardew wrote: »

Sorry about the wrong name, that was a genuine mistake!

If you were not happy with that website why did you(wrongly) quote figures from it several times in order to prove your points?

It doesn't change the situation in that you have been wrong in almost everything you have posted - you know it, everyone who can read knows it.

You are very wise to give up - you are out of your depth(and you know that as well)

I bet the long winter evenings just flyby in your household :rotfl:
I will now switch the ignore thingy on and you we simply cease to exist

Cardew

fatlad1971 wrote: »

II will now switch the ignore thingy on and you we simply cease to exist

I doubt you will - still haven't answered a single point I note.

fatlad1971

Remove user from ignore list
Cardew This message is hidden because Cardew is on your ignore list.

45XKM

What you experts should be talking about is, how do we get rid of the biggest con of all,The roll over clause, if any of you guys know how to get out of a rolled over contract then please come forward and explain and i am not talking about change of business or owner.

fatlad1971

45XKM wrote: »

What you experts should be talking about is, how do we get rid of the biggest con of all,The roll over clause, if any of you guys know how to get out of a rolled over contract then please come forward and explain and i am not talking about change of business or owner.

The most important issue for SME customers since day dot.
A question the British gas boys on here should answer as i have seen 2 year rollover prices of over 32 pp kWh from BG.

The only way out is to go through your original t & c "s with a fine tooth comb, see if any spelling mistakes or errors are on the contract ( if paper) ask for the recording if a verbal . As you well know energy watch just are just not interested . If you spot errors raise this with the power company concerned , get a solicitor to look over it.

The whole issue of roll overs and the fact that the regulators have allowed suppliers to get away with this as well as oppressive terms and conditions
is evidence that currently the market is not working as it should.

brysiewysie

Removed by me since the offending personal attack on another poster seems to have been deleted by the mods as I was adding my views, but after I'd posted - sorry.

margaret_rake

fatlad1971 wrote: »

Hello All,
Just like to add my two pence worth to the debate regarding energy prices.
Firstly I am an energy consultant; I’ve been working in the industry for over a decade and negotiate commercial contracts for SME and public sector clients.

The price of oil is only loosely linked to the price of electricity.
The price of gas in Europe is largely linked to oil and the UK and European energy markets are interacting more by the year, this has had a knock-on effect on the price of gas in the UK. The main driver of high gas prices in the UK is lack of storage capacity.

First point
power companies responsibility is to their shareholders NOT YOU

secondly
Energy costs are falling in the medium term and will peak around Jan 09 they will steadily drop from this point , in my opinion.

Thirdly
many of the horror stories of unrelenting price increases are coming from the power companies, they want people to take long term fixed price capped tariffs, with the unit rate set when the pricing curve is at the top of its cycle; it is good business for them.

If you are a domestic energy consumer be very careful with comparison websites, many use smoke and mirrors with regards to standing charges and first and secondary rate unit rates. Remember these sites are businesses that earn commission from supplier’s .Don’t take it as gospel that a new tariff will save you money. Get out you calculator and do the maths yourself.

If you are a business customer use a established Consultant / broker and make sure they are accredited with the UIA ( http://www.uia.org.uk/ ) . Using a member of the UIA will mean your broker works to a high standard and you have full recourse if they don’t do a good job. Your consultant will also have in-depth knowledge of the market and also the pitfalls of certain suppliers.

I am grateful for your advice and understand what your saying but i'm not very good with figures im ashamed to say. I have the calculator but for the life of me it just doesnt make any sense(prob cause im thick) so how do i work it out?

BusinessEnergyBroker

whether you feel i am competent or not doesn't really matter, the public sector , bluechip and SME customers that use my services year upon year have complete faith in my company .

Would they really if you were put up against other reputable brokers?

And I am sure that the other MSE members would like to know that at least one of the UIA members has a customer charter which puts them in a win win situation.

I mean how is it fair on any customer (potential or existing) to pay £250 per electricity meter or £500 per gas meter to obtain quotes? This is ultimately the position one Yorkshire based broker (UIA member)has placed customers in if they do not accept the offer presented by the broker.

I as well as other members have pretty much nailed why the UIA has been put together and its more of a back slapping excerise for companies who's Directors have overinflated egos and pay packets and has nothing to do with working for the benefit of the customer.

With companies doing what the Yorkshire based one is, is it any wonder the customer is no longer king.