MSE News: The big six energy suppliers say no price cuts

Bark01

One of the noticable things to come from this is that the energy prices now only account for ~60% of energy bills, 3-4 years ago the energy price accounted for ~90% of the bill.

This ratio is only going to keep decreasing because of the increasesd social and CERT payments.

M271

JUNIOR wrote: »

Surely this cant carry on , gas , elec , petrol , c/tax , well all bills really :rolleyes: going up + 2.47million folks out of work this winter , . How are these famlies supposed to keep warm , cook food ,ect .

I cant see how we are going to dig ourselves out of this hole , there is no way British people can afford these ever increasing bills :mad:

no jobs ,no future , no end to con merchant businesses , oh yeh and a shat goverment

So not proud to be british , never thought i'd say that !

I thought that this thread was about energy prices not this 'come the revalution' b****cks.

JUNIOR

" I thought that this thread was about energy prices not this 'come the revalution' b****cks "

Last i heard gas , elec , petrol were all energy

Steady on M271, do you work for the goverment ! UP THE REVOLUTION or should i say revalution

M271

JUNIOR wrote: »

" I thought that this thread was about energy prices not this 'come the revalution' b****cks "

Last i heard gas , elec , petrol were all energy

Steady on M271, do you work for the goverment ! UP THE REVOLUTION or should i say revalution

No Junior I don't work for the government

Seriously, I do think that the energy companies are making unfounded statements why prices will not be reduced (extra other costs, overheads etc..), I prefer to trust the facts from OFGEM who state that prices should be reduced by up to 10%.

1carminestocky

M271 wrote: »

No Junior I don't work for the government

Seriously, I do think that the energy companies are making unfounded statements why prices will not be reduced (extra other costs, overheads etc..), I prefer to trust the facts from OFGEM who state that prices should be reduced by up to 10%.

Question: have you read the npower sculpting thread?

JUNIOR

"No Junior I don't work for the government

Seriously, I do think that the energy companies are making unfounded statements why prices will not be reduced (extra other costs, overheads etc..), I prefer to trust the facts from OFGEM who state that prices should be reduced by up to 10%."

why you didnt post this in the first place is beyond me instead of accusing me of starting a revolution My opinion is not for you to judge

J

Former_MSE_Natasha

Just a quick note to say we've posted a news story on this - the link's been added to the top of the thread.

PNPSUKNET

its all these people that go about scamming power suppliers and not paying, we end up paying for them

mech_2

Bark01 wrote: »

One of the noticable things to come from this is that the energy prices now only account for ~60% of energy bills, 3-4 years ago the energy price accounted for ~90% of the bill.

No it didn't. Plenty of literature out there that shows it as 40%-50% at around that time.

This ratio is only going to keep decreasing because of the increasesd social and CERT payments.

I think more of it will be because the wholesale prices are going down. At least in the short term.

Windmill_Farmer

This shows the lies from the energy companies.
They put the prices up soon enough, within a few months so why is it taking so long to drop them?

Scottish and Southern Energy - "With forward annual wholesale prices significantly higher, and with upward pressures in terms of distribution, environmental and social costs, seeking to avoid an increase between now and the end of 2010 is an important goal."

That is little more than a sick joke, any social and enviromential costs are tiny compared with how much they put the prices up.

Nothern Ireland is cutting it's prices by a further (miserly) 5% why not the UK companies?

http://www.rte.ie/news/2009/0915/electricity.html

OFGEM are an absolute disgrace, anyone looking at the wholesale costs and how they have fallen, and remained low for so long, can see that.


Anyone who is not a fool or who is not on the energy prices gravy chain can see that.
The energy companies are as bad as the bankers and OFGEM are turning a blind eye, just as the finiancial regulators did, it is to all extents and purposes a crime.


OFGEM actually seem to be in on the act look at the wholesale costs in fig 2.2 in this report, why doe it not reflect the huge drop I show in the graph above?


And finally this insult form OFGEM

A spokesman for Ofgem said: "It is not for us to say when or if companies should reduce their bills. But we would like to think if wholesale prices remain at this low level, pressure will come from the market for prices to fall."

So if it is nothing to do with OFGEM then what are they there for? :mad:

If the government needs to save money then it can do so by getting rid of waste of space organistions such as OFGEM.

"presssure will coome from the market"?? It is clear the market is running a cartel.

So sack OFGEM, they admit they are not there to regulate gas prices so why are we paying them their fat wages?