50% drop in gas & 35% drop in electric Happy New Year

Cardew

*Louise* wrote:

Re: Price Drops..

I'll believe it when they ask for less money....pardon my cynicism

Robbing bar stewards, lucky if we see a cut to bills

In fact far from 'robbing' the public, all the distribution companies have made a loss recently. Thats why most of the smaller companies who couldn't stand the loss have gone out of business. The market is now dominated by big companies who can afford to stand the loss as they are part of major groups.

There is little doubt that the companies would 'rob' us if they could however all gas/electricity price rises have to be approved by the Regulator.

Also if these companies start to make excessive profits, because the drop in wholesale prices is not being reflected in their tariffs, the Regulator can force them to lower prices - and will.

*Louise*

Cardew wrote:

Also if these companies start to make excessive profits, because the drop in wholesale prices is not being reflected in their tariffs, the Regulator can force them to lower prices - and will.

And like I said...I'll believe it when it happens...:D

skintas_2

my bill is goin donw due to the warm weather hadnt had it on..........

Wig

Barrell of oil dropped by $2.50 today to $55 from $80 5 months ago

Should be good news for the gas prices.

melbury

Wig wrote:

Barrell of oil dropped by $2.50 today to $55 from $80 5 months ago

Should be good news for the gas prices.

Why have petrol prices gone up recently then?

tripled

Good old Gordon put 1.5p on petrol and diesel a few weeks ago.

thor

If the energy had not neen denationalised then perhaps we would have seen the benefits sooner. I don't believe that whatever the supposed improvements we have gained since privatisation could not have been replicated if the utilities were still under state control and there would not be any shareholders waiting to take their cut out of an industry that is essential to the country.