Interesting Figures about energy price rises

Simon7685

Having looked at what I pay for my energy usage and now having had to switch following the end of the social tariff, I thought I would share just how much energy costs have risen over the last 3 winters.

I am a high end user with Economy 7 and all electric, NO gas.

All costs relate to the period 1st Dec to 31st March each winter and are calculated on British Gas Essentials tariff. Todays costs for the same usage based on Scottish Power Fixed 2014 tariff are in RED.

2009 - 2010 Cost was £310.80 Same usage today is £518.11 +£207.31

2010 - 2011 Cost was £354.68 Same usage today is £605.05 +£245.37

2011 - 2012 Cost was £483.72 Same usage today is £656.86 +£173.14

It is worth noting that todays costs are based on the cheapest available tariff on the market.

Makes for interesting reading I think, especially when we are only looking at prices for 4 months each year, the full 12 months figures are obviously a lot more.

oldskoo1

Big rises, totally controlled by the people at the top.

End result, less oil and gas used as people cut back on wastage and there is indeed far too much wastage.

Since the energy increase driver in 2008 / 2009 co2 emissions have fallen apparently by 13% or more. I dont have the latest data from the past year.

We are slowly using less oil and gas (good) and trying to find alternative energy sources.

With Brazil, China and India (and others) really picking up industrial pace, energy consumption is going to sky rocket, we are going to run seriously low on oil and gas in 20 years and the worlds economy will completely collapse. But these countries can't afford to cut back on usage as their economies are flourishing.

The energy prices are being inflated to make us cut back so we have enough time to produce our own energy so the economies can continue to grow on alternative fuel.

No shortage now.

Cardew

oldskoo1 wrote: »

With Brazil, China and India (and others) really picking up industrial pace, energy consumption is going to sky rocket, we are going to run seriously low on oil and gas in 20 years and the worlds economy will completely collapse. But these countries can't afford to cut back on usage as their economies are flourishing.

There is evidence that there is plenty of oil available. It is only now that the oil price has risen so much, that it has become an economic proposition to get the oil out of the ground.

An article by George Monbiot - an environmental guru wrote this interesting article:

http://www.monbiot.com/2012/07/02/false-summit/

We were wrong about peak oil: there’s enough in the ground to deep-fry the planet.


By George Monbiot, published in the Guardian 3rd July 2012

Simon7685

I was on Watchdog 2 years ago when they did an item about the rising cost of electricity. We were taken on a tour round London. The bosses of the big 6 all refused to appear on camera. We went to the headquarters of OFGEN, where surprise surprise nobody was prepared to meet with us, the customers.

The one guy we did see, who was with us all day was an industry expert. His insights in to how this pricing structure works was very accurate and his predictions at the time, are so coming true. He argues and I have to agree, the big 6 are operating as a cartel. The government are powerless to intervene in their pricing structures as are OFGEN. Their power was taken away when the industry was privatised. This guy acturately predicted what we would be paying 2 years down the line and he has been spot on.

The most worrying thing, that ties in with post 2 is. He said that all the major suppliers were facing massive problems of demand outstripping supply where electricity is concerned. He said the UK was at that time looking at a massive supply deficit around 2015/2016. When unless they developed alternative supply methods there was not going to be enough energy for keeping the lights on. He said in his opinion we would be very lucky if we were not looking at planned periods of the lights being turned off to conserve supplies.

Basically we have all become so dependant on energy that they cannot make it fast enough for the world to stay supplied. Energy will be sold to the highest bidders, which in short means we all continue to pay more and there is nothing anyone can do about it.

Pincher

They predicted 30% increase in five years, but it took just over two. and a bit. However, I stand by the decision not to fix for three years, as I would have been paying £1,400+ for the last two years.

Simon7685

It's like I always say, sometimes it pays to tie into a long term tariff, sometimes it doesn't and each persons usage is different, so you have to decide whats best for you.