MSE News: Scottish Power bills to rise 7%

John_Pierpoint

chris1973 wrote: »

Depends on how the Winter pans out. I seem to remember that the mega-winter similar to 2010 - 11 predicted last year never arrived, and in Jan this year the energy companies were scrambling to reduce prices

How much "quantitative easing" we get will also be a consideration.
There is a limited supply of energy and an infinite supply of "funny money".

It is a race between the dash for fracked gas and the government's ability to get away with printing money.

The answer to high energy prices may be high energy prices or to use less.

2010

The energy suppliers are the only companies in the world that actually want you to use LESS of their product but at the same time make you pay a lot more.

As for "scrambling to reduce prices", is that when after increasing them by about 24% last Oct. they came out with a miserly cut of about 4%.
In fact B Gas didn`t cut gas prices at all, only electricity.

Don`t for get their annual (sometimes twice annual) rises are on top of the rises every time a new tariff comes out about once a month.

frugalmacdugal

Hi,

they've got a new fix out this morning, until 31/03/15, which seems to replace the Nov14 fix, though future price increase has been built in.

working

They've just got back to me about the new prices for online saver 17...

Apparently they haven't decided on the new rates for this!

:eek:

Whoever is on online 20 is very lucky. The rates are already lower than online 17 and they are freezing (excuse the pun) the prices.

working

scottishpower_company_representative wrote: »

Hi typistretired yes I can confirm that Online Energy Saver 20 customers will not be affected by the price increase. Thanks David @ ScottishPower

2010 wrote: »

When you`re next on the board maybe you could tell us why SP went from OES14 to OES20 in one year, with each tariff being higher than the previous.

Isn`t this in effect price increases by the backdoor, on top of the latest "annual" increase of 7%.

......
Aren`t you just ripping off the public for your own greed of profit.

It's not his fault. He only works there. I feel sorry for the workers, I bet they are getting a right earful.
I feel it's best to email the top dogs if you really want to give them 'what for'.

Presumably the workers have the same problem with high energy bills ...unless they get staff discount?

2010

working wrote: »

I feel it's best to email the top dogs if you really want to give them 'what for'.

I can`t speak Spanish.

working

Haha!

Email Neil Clitheroe?

John_Pierpoint

2010 wrote: »

The energy suppliers are the only companies in the world that actually want you to use LESS of their product but at the same time make you pay a lot more.

Not true, especially when a company is selling something that is running out and that is likely to get much more expensive in the future. One technique is to give you free light bulbs - that is a lot cheaper than building a bigger power station.

The logical thing to do is jack up the price now. Then demand falls and the company will have more left to sell in the future, when prices have gone up yet more.

Unfortunately, unlike coal, there is no realistic way for the consumer to store electricity & gas. In the mean time there is a National Grid company that needs to build "The Second National Grid". It has already raised a big chunk of money by paying inflation plus one and half percent. Somewhere in this system you and I, as consumers, need to pay all these expenses. So the real question is "how are these future expenses going to be shared out" - My guess is that the clever people (?) at the distribution companies are making sure they don't end up holding the baby.