oil prices below $50 a barrel!! still no price cut!!

logie28

linking food costs with energy cost is ridiculous, the supermarkets got the blame for closing small businesses because of their cheap deals, Also if you buy food at the end of its shelf life you can get massive reductions.

Dont see energy companies doing this. Nor do i see energy companies advertising in most papers and on the t.v every day with their new exciting price cuts!!

At lest when you buy bread it is the same price for every one, why a energy company needs so many tariffs for the same product is beyond me, normally the poor or vulnerable that suffer.

This market needs serious restructure with fair prices for every one.


Here's an idea,, Hi we are british gas, our gas costs £? and our electric costs £?......

Hi we are npower our gas costs £? and our electric is £?... and so on.

No strings no other tariffs just a basic price, As a customer i will choose the best deal..

Not that simple though is it, to change companies can be highly stressful and take months, Choosing the right tariff requires a lot if luck (look at the people on BG 2012) and plenty of searching.

The whole thing is one big scam, scamming the nation to get rich quick..

Cardew

logie28 wrote: »

linking food costs with energy cost is ridiculous, ....

The whole thing is one big scam, scamming the nation to get rich quick..

Nobody has linked food costs with energy costs - except you in this thread.

What I said was:

However somehow the impression is given that Utility company profits are the reason for our high prices - and they ain't.

It is strange that there isn't an outcry against Tesco/Sainsbury/Asda who make far higher profits from us.

So we are talking about the level of profit made.

Now if the Utility companies are "scamming the nation to get rich quick" , yet make lower profits than Tesco/Sainsbury/Asda, why isn't the same accusation levelled against these firms? Or for that matter every firm that makes a larger profit than the Utility companies?

logie28

Dannii_B wrote: »

Exactly, no-one complains to tesco/asda etc. when the price of bread goes up significantly and when they rake in profits from just about every other commodity on earth, but seeing as everyone has to buy gas/electricity then the energy companies are the spawn of satan - everyone has to buy bread as well, but don't worry, the supermarkets are allowed to make profits

cardew , i found this post, Posted before i mentioned food and supermarkets.

i didn't link food and energy once, i'm replying to other posts,

logie28

POSTED BY CARDEW

So we are talking about the level of profit made.

Now if the Utility companies are "scamming the nation to get rich quick" , yet make lower profits than Tesco/Sainsbury/Asda, why isn't the same accusation levelled against these firms? Or for that matter every firm that makes a larger profit than the Utility companies?[/quote]





Who's bothered about profits? Good luck to companies offering a product at market value or below at a competitive price with good service. Energy companies do not provide this.

what connects profits and scamming ? I dont care a t&ss how much profit a company makes as long as what they offer is good quality at a competitive price.
British gas do not supply the service to my home, they simply do the administration. Transco supply the supply service.

Cardew you contradict people, making excuses for these companies, Look at the customer service complaints against these companies, they do not offer a all round good deal at a competitive price. its a fact.

logie28

Cardew wrote: »

However somehow the impression is given that Utility company profits are the reason for our high prices - and they ain't.




A complete contradiction if ever i heard one!!
If the high prices, became low prices they would not have huge( even you cant deny HUGE) profits, how else do energy companies make extortionate profits???

Answer- By selling energy at extortinate prices!! how else do they make their money?? Selling bread!!!

Cardew

logie28 wrote: »

Cardew wrote: »

However somehow the impression is given that Utility company profits are the reason for our high prices - and they ain't.




A complete contradiction if ever i heard one!!
If the high prices, became low prices they would not have huge( even you cant deny HUGE) profits, how else do energy companies make extortionate profits???

Answer- By selling energy at extortinate prices!! how else do they make their money?? Selling bread!!!

They don't make extortionate profits, they are lower than many companies; including those large Supermarket chains selling bread(as you put it)

As stated above see how much profit they make per customer - including the generating and distribution arms combined.

If they were forced to make nil profit(zero) it would reduce our annual bills by £tens per customer(look at the combined profits of Centrica and British gas last year - their most profitable year)

The Regulator(who will no doubt be dismissed as toothless) and the all party Parliamentary Committe on Energy(and toothless they ain't) have cleared the companies of making excess profits and of being a cartel.

None of the Political patries(including the PM) have said their profits are too high. They are of course correctly applying pressure to ensure that the lower wholesale energy prices will be reflected in reductions to our bills.

Your problem is that you make up accusations - like the level of the £/$ exchange rate in 2004/2005 and the oil price(no comment there I notice) and then argue as if that is an accepted fact.

If you feel that the Utility companies profits are too high - then fine(I might even agree with you!)

However state what level you feel those profits should be and how much you feel that level will affect our bills.

This ranting about greedy Utility companies being the reason for our high bills is just unsupportable!

Let us have some facts.

logie28

The facts are, the prime minister was thinking about introducing wind fall tax. Unfortunately he decided not to.

Secondly i mentioned £ against $ price for one reason. Like i said in the summer when the market price was high . The £ to the $ was 2 to 1, Experts said this made no difference on prices bought at that time because commodities are bought in advance.

So obviously the fuel we are using now is what was bought in advance!! maybe when the £ was so strong, there for not as expensive as seemed.

You was correct in mentioning the $ price was higher in 2004-5 compared to now.

What you did not mention was how cheap gas and electric was in 2004-5 compared to now. Or did you not think that was relevant?


You say I'm ranting.. look in the mirror, you consistently rant in favor of these companies then contradict other peoples posts.


Like i say, i do not have a problem with profit, that's the capitalist society we live in, and long may it continue.


My problem is being over charged and companies spouting BULLS$$T, when they are pounding up the price, and saying nothing when, according to market prices, prices should be falling.

logie28

posted by cardew..
They don't make extortionate profits, they are lower than many companies;
Alittle further on..
If you feel that the Utility companies profits are too high - then fine(I might even agree with you!)

then,,,
Your problem is that you make up accusations - like the level of the £/$ exchange rate in 2004/2005 and the oil price(no comment there I notice) and then argue as if that is an accepted fact.
Your talking at today's exchange rate,, if you want to quote by the year , i can factually quote it was £2 to 1$ in 2208 as oppsed to the 2004/2005 exchange rate!!
so please justify the price of commodities in 2004/2005 to 2008 prices, at the current market !!

However state what level you feel those profits should be and how much you feel that level will affect our bills.

I am happy for these companies to make a good turnover in profit for a competitive market price for their product , with a good service.

Cardew

Ok Logie - if that is the level of debate you desire, you win.

logie28

Cardew wrote: »

Ok Logie - if that is the level of debate you desire, you win.

Cant remember when i set a level for debate, certainly was not my intention or desire to debate with energy company sympathisers or employees.

The facts speak for themselves , so really no room to debate! The energy companies are over charging at this present moment in time. End of really.

I'm mearley asking why? still not had a constructive reason, even off yourself.


If there was a genuine reason for why prices had not fallen. A reason which was fact. Backed up by figures and reasons, I'm pretty sure the energy companies would be shouting out loud.

Press releases, billboard adverts, advertisements in the press and even letters to the customers.... you know,,, all the things they do at the drop of a hat when the global markets are rising.

What i'm asking is... it should work both ways.. information or a price cut prediction when markets are low.

Not a lot to ask for really ... in fact shouldn't really have to ask.. after all we dont need to ask when the markets are soaring... do we?