Where are the spot prices for UK gas published?

beingjdc

iamesbo wrote: »

Can't say I have seen any sign of them cutting prices, they want to ramp them up even more apparently, and keep them up.
The gas companies got their price up within 3 months, why can't thehy get them back down within 3 months?

Why don't you do the maths and make a case, instead of just asking leading questions without presenting any facts of your own?

Look at what they were charging, what they're charging now, plot the retail price on the x axis against the wholesale price on the y axis for a variety of dates, and see how it looks. You have also completely ignored my point about whether the previous rises were of the same scale as the wholesale prices or not. If they weren't, it's perfectly understandable that it would take a bigger wholesale fall before retail prices come down. I don't know, I haven't been watching the exact change in retail gas prices, because I don't have a gas supply. You obviously care deeply, so where's your spreadsheet, graph, formula?

Where does Shell and BP's hundreds of billions of pounds come from by the way?
Any clue on that? Car boot sales perhaps?
Obviously they are making nothing on gas, that done for charity. Most probably subsidsinig it out of the shareholders profits.

Mostly oil, partly gas. The best way to thing about Shell and BP is that they're like a mining company. That's a very cyclical business, so during the peak of the commodity cycle they will make huge profits. During the bottom of the commodity cycle (if we see another bottom, again that depends on the peak issues I raised earlier) they'll struggle to stay in business if they have overinvested, or failed to build up a cash base beforehand.

I can only repeat that Shell and BP are wholly irrelevant to the question of whether we are being overcharged for gas. They do not sell us gas. They get gas out of the ground, and sell it to wholesale distributors. They are fully entitled to charge whatever they like, just like Gold Miners are currently charging $700 an ounce for gold, even though most of them are getting it out of the ground for about $150. They have it, other people want it. You might see gas as an essential and think it should therefore be nationalised and sold at cost, but that argument was lost decades ago, and in any case while I have some sympathy with it, it would only work for as long as we were self-sufficient, and those days are as good as over.

If you owned a sweet shop, and there was a queue of people ready to pay you 5p each for your sherbet lemons, would you sell them for 2p to someone else because that was what it cost you to buy them, or would you take the 5p?

Mazio_2

The utility companies have done themselves no favours my in my opinion

1) Very confusing tariffs that look like they try and catch consumers out and don’t automatically switch their consumers to the best price as they change tariffs.

2) Mistrust of large companies that control in effect a life giving commodity.

3) No control structure to govern increase decrease in their pricing as this is always going to be in demand by the nature of the product you cannot justify a demand based commodity in the market as most people cannot just turn to another source only thing most of us can do is try to control usage better.

4) Not enough return into UK infrastructure to try to balance the price fluctuations in future.

It isn’t just the utility companies though this needs to be better controlled from source to end product just as they are having to try to do with banking structure.


As I have stated before the world goes round with commerce I have no problem with any company making a profit but its not clear enough in this sector and very confusing how and what they make and seems to be run to confuse and panic people. Something needs to be put in place to make it more transparent and easier for people to use this would not cost very much to implement but might cost the ultility companies as people understood what they are paying for.

mech_2

iamesbo wrote: »

Where are the spot prices for UK gas published?
(the wholesale spot price)

http://www.spectrongroup.com/tabid/78/tabid/70/tabid/137/Default.aspx
https://www.theice.com/marketdata/ukNaturalGasView/ukNatGasIndexView.jsp
http://www.upstreamonline.com/market_data/?id=markets_gas
http://www.britishenergydirect.com/pdfs/forwardpricecurves/eighteen_27-10-2008.pdf

Euro exchange rate history:
http://www.exchange-rates.org/history/EUR/GBP/T

Historical US Henry Hub figures:
http://www.neo.ne.gov/statshtml/124.htm

Dollar exchange rate history:
http://www.dollars2pounds.com/RatesHistory.php

Oil spot prices for comparison:
http://tonto.eia.doe.gov/dnav/pet/pet_pri_spt_s1_d.htm


Knock yourself out.

mech_2

beingjdc wrote: »

Why don't you do the maths and make a case, instead of just asking leading questions without presenting any facts of your own?

That'll be the day.

Honestly, don't waste your time on the guy. I'm sure you have more important things.

iamesbo

beingjdc wrote: »

If you owned a sweet shop, and there was a queue of people ready to pay you 5p each for your sherbet lemons, would you sell them for 2p to someone else because that was what it cost you to buy them, or would you take the 5p?

This is not the case though is it the price of sherbet lemons have dropped and shops
in the area run by greedy men have not dropped their prices because they have
colluded to keep the price high.

This is proven because the price of sherbet lemons in the next town has dropped.
The sherbet lemon wholesaler is in on the act and just happens to own the shops too. Thus the shops themselve can show whatever level of profit they like
and say they made their money in other areas than sherbet lemon retailing.

So essentially these people can come up with whatever figure they like but it only
really becomes clear that they are overcharging when you compare them to
other areas.

Also the price of sherbet lemons was connected to the price of sherbet dips when the price rose but suddenly became disconnected from the price when the price slumped - how strange.

We know they are making up the figures, but they will be found out.

iamesbo

mech wrote: »

http://www.spectrongroup.com/tabid/78/tabid/70/tabid/137/Default.aspx
https://www.theice.com/marketdata/ukNaturalGasView/ukNatGasIndexView.jsp
http://www.upstreamonline.com/market_data/?id=markets_gas
http://www.britishenergydirect.com/pdfs/forwardpricecurves/eighteen_27-10-2008.pdf

Euro exchange rate history:
http://www.exchange-rates.org/history/EUR/GBP/T

Historical US Henry Hub figures:
http://www.neo.ne.gov/statshtml/124.htm

Dollar exchange rate history:
http://www.dollars2pounds.com/RatesHistory.php

Oil spot prices for comparison:
http://tonto.eia.doe.gov/dnav/pet/pet_pri_spt_s1_d.htm


Knock yourself out.

http://www.spectrongroup.com/tabid/78/tabid/70/tabid/137/Default.aspx

The historical data link does not work.

I wonder why

If you have nothing to hide you don't need to hide it and the gas companies have a lot to hide, including excess profits.

Vestra

iamesbo wrote: »

http://www.spectrongroup.com/tabid/78/tabid/70/tabid/137/Default.aspx

The historical data link does not work.

I wonder why

If you have nothing to hide you don't need to hide it and the gas companies have a lot to hide, including excess profits.

They are a business, sorry to break it to you but you're not going to stop them making a profit.

gazza975526570

Is this guy for real? is there some kind of conspiracy?

Or more likely someone with too much time on their hands

iamesbo

Rian1988 wrote: »

They are a business, sorry to break it to you but you're not going to stop them making a profit.

No problem with that but running a cartel and price fixing are illegal in Europe.
Lengthy jail terms are the best way to end cartels, along with confiscation of the proceeds of crime and heavy fines for the companies.
The industry really needs to be taken back under government control because it is rotten to the core.

Cardew

beingjdc wrote: »

Why don't you do the maths and make a case, instead of just asking leading questions without presenting any facts of your own?

?

You are wasting your time.

This forum has simply become a playground for pathetic trolls.

No facts, no logic, just an irrational hatred of Utility companies, the Government, anyone.

Having intervened, your past posting history will be examined in depth to see if there is another line of attack; plus of course you will undoubtedly be accused of being connected to the gas/electricty industry - a stooge!