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Home fuel prices
Comments
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There has been some change. Electricity prices fell by between 8-10% in february. But prices are set well in advance. Basically utility companies are giant financial companies, their profit is essentially determined by when they buy currency futures and whether they did good.
At the same time that the currency was starting to tank, the commercial paper market was also tanking, and it was hard for them to lock in the exchange rate. This meant most of them locked in the price a month or so latter than normal. They didn't do good.
Yep, get all that.
But what I don't get, is how in the summer, they stated they had bought in advance. So, from buying in advance, they appeared to put the prices up every month....
Well that doesnt really add up to me. If they bought in advance, howcome it continued to go up?
Also, if they bought in advance, howcome they are STILL charging those prices? Surely they are buying in advance again? But it seems now, they have changed their minds, and anything they bought "in advance" does not follow the same pattern down, as it does up?
Maybe I'm just completely dumb and all this is passed me. But this buying in advance really doesnt cut it with me, when prices rise inline with rises, but don't fall in line with prices.
Wheres our cuts of two thirds if they buy in adavnce (its five months on now from the fuel price lows).
Howcome, if they buy in advance, they can now blame the exchange rate? Surely this wouldnt be an issue right now, if they bought in advance, when the exchanged rate was more in our favour?
Seems to me, and like I said, I could be just completely thick....but seems to me, it's not buying in advance....it's whatever excuse they can use next?
All I know is I'm part time self employed, and if I used all these excuses to continually put up my prices for my customers, I would be kicked out very quickly.0 -
Hang on, we are now in a part of the forum I didn't even know existed.
kudos to the board guides:)
Well, what would be your explination, then Graham? I would say part of it are the factors I mentioned, and the other part is there is very little actual competition in the market.
Rather like the fact Banks got away with charging £30 returned item fees for years because... well, because all the other banks did too.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Hang on, we are now in a part of the forum I didn't even know existed.
kudos to the board guides:)
Well, what would be your explination, then Graham? I would say part of it are the factors I mentioned, and the other part is there is very little actual competition in the market.
Rather like the fact Banks got away with charging £30 returned item fees for years because... well, because all the other banks did too.
My explanation would eb we are being totally ripped off!!
That's it, I don't have another explanation.0 -
Who ARE these people?
:D Call me Carmine....
HAVE YOU SEEN QUENTIN'S CASHBACK CARD??0 -
1carminestocky wrote: »Who ARE these people?:D
we're the nice people from the Debate House Prices, The Recession, the Economy, and boring immigration rants board.
http://forums.moneysavingexpert.com/forumdisplay.html?f=149
Very welcome to join us, as long as you are a little weird.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
we're the nice people from the Debate House Prices, The Recession, the Economy, and boring immigration rants board.
http://forums.moneysavingexpert.com/forumdisplay.html?f=149
Very welcome to join us, as long as you are a little weird.
Sounds right up my street.
Call me Carmine....
HAVE YOU SEEN QUENTIN'S CASHBACK CARD??0 -
Wow, that's 300% more than I thought. Must get my facts right next time.Graham_Devon wrote: »3 people.
You originally thought there was 3/4 of a person? Must get your maths right next time
0 -
DrScotsman wrote: »You originally thought there was 3/4 of a person? Must get your maths right next time
There is where labour are concerned. The white male. So I think technically, mewbie is correct 0 -
Someone's gonna have to explain that to me. I never was all that competant with mathematics. I'm pretty sure 300% of 1 is 3, has brussels brought out a new directive or sommat?“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0
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