Massaging the facts about recent increases

rollon65

Hello Malc,

Appreciate you coming back on topic here and will certainly take a look at the YouTube postings you mention.

I really do believe that if ever there was a time for e-on to show it's human face and capture the moment to build on its customer base, it is now.

I am not a pensioner yet but I do have regular forecasts of my likely income when I am and price increases like the current ones represent the best part of a whole weeks income for me and two weeks income for my wife.

The really scary bit is that the increase has occurred in less than 12 months. My annuity will be a fixed income for the duration of the rest of my life and at the current rate the prospects for our future lives bring that frequently proferred cameo scenario of " Shall we eat today, or keep ourselves warm?" into sharp focus, if the prices gas and electricity are going to go careering on upwards like the cost of petrol has.

Finally, may I say that somewhere here the figure of 1% profit is mentioned. I can't but help think that this has to be a figure that has had a bit of "creative accounting" applied to it as any business that only makes 1% more than it costs to run is in serious trouble as that figure would not allow for any capital investment for the future of the business.

Now if you said to me that e-on is making 25% profit but is re-investing 24% of it in new technologies to safeguard the future of the business at the forefront of the energy supply industry, then you might sound more convincing.

I shall come back here when I have taken a look at YouTube.

CFC

rollon65 wrote: »

Now if you said to me that e-on is making 25% profit but is re-investing 24% of it in new technologies to safeguard the future of the business at the forefront of the energy supply industry, then you might sound more convincing.

But it still wouldn't be true, even if you thought it sounded more convincing. The fact is that the energy companies are operating as a cartel, whatever their protests, and the shareholders are happy. End of story.

kar999

There are lies, damned lies and statistics. (Mark Twain)

....and then there's Scottish Power

My c.40% increase in electricy was stretching their 10% "average" increase almost to the limit of the laws of mathematics.

CFC wrote: »

The fact is that the energy companies are operating as a cartel, whatever their protests, and the shareholders are happy. End of story.

As a Centrica shareholder my dividend has gone up 12% this year.... sadly I dont own enough shares for the dividend to pay for more than a weeks worth of my electricty consumption!

dobsoncrew

who uses 16,500 kwh of gas per year. A mansion ? I have used 5,000 in the first year and about 4,500 in the second year. I live in a flat (2 Bed). My mum lives in a 2 bed house but still doesn't use 16,500 kwh per year.

Cardew

dobsoncrew wrote: »

who uses 16,500 kwh of gas per year. A mansion ? I have used 5,000 in the first year and about 4,500 in the second year. I live in a flat (2 Bed). My mum lives in a 2 bed house but still doesn't use 16,500 kwh per year.

It was 20,500kWh until recently.

If 16,500 or 20,500kWh is average, by definition there will be people a lot of people who use more.

Don't forget some people are in all day, have poorly insulated houses etc etc.

http://www.simplyswitch.com/energy/switchingguide/averageenergyuse.aspx

victor2

I used over 22,000 kWh of gas last year. 4 bed well insulated detached house gas fired central heating and hot water, just two occupying it and no heating during the day.
So I can easily believe the published averages.

rollon65

Hi CFC,

You hit the nail smack bang on the head there!
If we all stick together then no-one can be singled out as the villain of the piece, is their motto!
I am so with you there.
kar99 - The definition of "the average user" is about as ridiculously unfounded as the "average UK wage" of 30 grand per annum.
Are you on it? I know I'm not.
There are folk like ourselves out there who don't dare "use what you want and worry about it afterwards".
We instinctively know that we have to turn the room-stat down or fire up the central heating an hour later than we would like to.
Folk who do it differently, I'm sorry - think they are entitled to be warm as toast 24-7 and just let it burn away!
They are part of the pie chart that throws the entire projection into the realms of fantasy.
If you can't afford it - you can't have it. I guess you have to be a 1940's - 1950's baby to get your head around that one.
I don't owe anyone a penny and have made little or no impression on the "live now, pay later", or "just as long as I can make the next credit card payment" society - but am being forced to suffer the universal consequences of not just individuals, but governments and whole countries alike living beyond their means.
Unfortunately, power is a commodity, just like baked beans - and you either can afford it, or you can't. Under the present political system, it can't be considered an entitlement, or hypothermia would not claim so many casualties each Winter.
I am not Mr Average, I am Mr Living Within my Means - and proud of it.