MSE News: SSE to raise energy prices by 8.2%, as first of the big six to hike

jobdone1

disgrace. And what is the government doing, Ah yes selling the royal mail. STANDARD

jamesg123

jammydodger0905 wrote: »

I USED THE MSE ENERGY SWITCHING TOOL TO DETERMINE WHO I SHOULD SWITCH TO, AND THE TOP OF THE LIST WAS M & S ENERGY. SO I AM GOING THROUGH THE SWITCH!! I HAVE JUST RECEIVED A TEXT FROM SSE SAYING "WELCOME...." SO THE ADVISE GIVEN BY MSE IS TO SWITCH TO THE SUPPLIER THAT IS DOING THE INITIAL HIKE!! :mad:

I DON'T UNDERSTAND!! :eek:

HAVE I GOT THE BEST DEAL OR NOT? I HAVEN'T HAD AN UPDATE FROM MSE TO SAY OTHERWISE SO NOW I AM IN A QUANDRY!!

CAN ANYONE SHED ANY LIGHT ON ALL OF THIS???

THANKS

Hi is the M&S energy deal you signed up to a fixed deal or is it variable? If it is fixed then by signing up today you have secured that deal therefore that price and it will be fixed for the sign up duration, however if it variable then the price can fluctuate. M&S Energy have not given a price increase today, but may and probably will put their prices up in the weeks to come and therefore your rates would increase inline with this announcement. Hope this helps. Don't be confused with an email from SSE as they probably manage signups for M&S,prices will be changed by M&S and not SSE.

penrhyn

M&S Energy is SSE, M&S only provide the name.

From the website.

You acknowledge and agree that this Website is owned and operated by SSE Energy Supply Limited and that these Terms of Use govern your relationship with SSE Energy Supply Limited when using the Website. Accordingly, you acknowledge and agree that Marks and Spencer plc and its group companies cannot accept any responsibility or liability for your use of this Website. In the event that you suffer any harm, loss or other damage as a consequence of using this Website, any rights you may have will be solely against SSE Energy Supply Limited, subject to these Terms of Use, the Energy Terms and the Privacy Policy.

DragonQ

jammydodger0905 wrote: »

I USED THE MSE ENERGY SWITCHING TOOL TO DETERMINE WHO I SHOULD SWITCH TO, AND THE TOP OF THE LIST WAS M & S ENERGY. SO I AM GOING THROUGH THE SWITCH!! I HAVE JUST RECEIVED A TEXT FROM SSE SAYING "WELCOME...." SO THE ADVISE GIVEN BY MSE IS TO SWITCH TO THE SUPPLIER THAT IS DOING THE INITIAL HIKE!! :mad:

I DON'T UNDERSTAND!! :eek:

HAVE I GOT THE BEST DEAL OR NOT? I HAVEN'T HAD AN UPDATE FROM MSE TO SAY OTHERWISE SO NOW I AM IN A QUANDRY!!

CAN ANYONE SHED ANY LIGHT ON ALL OF THIS???

THANKS

I spoke to SSE this morning and they said the price rise was for both SSE and M&S. He said only Ebico was separate but they've already announced price rises anyway.

It doesn't matter though, all the others will put their prices up soon anyway. Also, if you got a fixed deal then it doesn't affect you.

jobdone1 wrote: »

disgrace. And what is the government doing, Ah yes selling the royal mail. STANDARD

It really is amazing that they don't learn. Selling off nationalised industries rarely benefits the public. I'm sure they'll tout various figures saying the service has improved after a couple of years, neglecting to mention that prices have tripled. But hey, they've got to keep their promise of removing the deficit by 2017 so need the money, right? :mad:

ChumpusRex

DragonQ wrote: »

The US still has far cheaper energy prices than us and, unlike with petrol, it's not just because of government tax. How do they do it?

They have historically had massive amounts of indigenous and easy to extract coal and oil.

Unlike in the UK and Europe where much gas and oil comes from the North Sea and adjacent seas, in the US, oil literally bubbled up from the ground in Texas and other southern states, and could be pumped with low tech nodding donkey pumps.

Coal in the UK is difficult to get. Deep mines were needed making it a dangerous and expensive process; massive environmental protests causes serious security costs for opencast mining projects.

In the US, most of their coal comes from gigantic opencast projects, where literally an entire mountain will be blown up with explosives and the coal that was buried gets exposed and, is simply scooped up into trucks.

In addition, in Europe there are big carbon taxes. The cost of carbon credits when making electricity from coal accounts for something like 30% of the fuel cost. In the US, there's nothing equivalent. Similarly, in the UK, many of our coal power stations have now shut down, as new EU pollution laws are so strict, that they would not be viable to operate after upgrading. Conversely, in the US, emission standards are much, much weaker.

The new thing in the US is shale gas from fracking. Lots of companies jumped on this bandwagon. Too many, in fact. There have been so many fracking projects in the US, that they've got so much gas that they just don't know what to do with it. They don't have enough pipelines to get it round the country to where it can be used; they don't have enough international pipelines to export it; they don't have any liquification plants to allow it to be shipped abroad. At the moment, gas power stations are buying it (assuming they can get it delivered via pipeline) at rock bottom prices.

There was talk about converting the gas to diesel fuel; but a lot of companies have been doing fracking to rejuvenate oil wells in Texas and the like. The result, it that US oil production is now surging, and is now approaching levels seen 30 years ago near the peak of oil production. However, unlike gas, oil can be easily sold internationally, so much of the extra world production has been absorbed by economic growth in Asia, and decline in production from other countries.

Bluebirdman_of_Alcathays

ChumpusRex wrote: »

They have historically had massive amounts of indigenous and easy to extract coal and oil.

Unlike in the UK and Europe where much gas and oil comes from the North Sea and adjacent seas, in the US, oil literally bubbled up from the ground in Texas and other southern states, and could be pumped with low tech nodding donkey pumps.

Coal in the UK is difficult to get. Deep mines were needed making it a dangerous and expensive process; massive environmental protests causes serious security costs for opencast mining projects.

In the US, most of their coal comes from gigantic opencast projects, where literally an entire mountain will be blown up with explosives and the coal that was buried gets exposed and, is simply scooped up into trucks.

In addition, in Europe there are big carbon taxes. The cost of carbon credits when making electricity from coal accounts for something like 30% of the fuel cost. In the US, there's nothing equivalent. Similarly, in the UK, many of our coal power stations have now shut down, as new EU pollution laws are so strict, that they would not be viable to operate after upgrading. Conversely, in the US, emission standards are much, much weaker.

The new thing in the US is shale gas from fracking. Lots of companies jumped on this bandwagon. Too many, in fact. There have been so many fracking projects in the US, that they've got so much gas that they just don't know what to do with it. They don't have enough pipelines to get it round the country to where it can be used; they don't have enough international pipelines to export it; they don't have any liquification plants to allow it to be shipped abroad. At the moment, gas power stations are buying it (assuming they can get it delivered via pipeline) at rock bottom prices.

There was talk about converting the gas to diesel fuel; but a lot of companies have been doing fracking to rejuvenate oil wells in Texas and the like. The result, it that US oil production is now surging, and is now approaching levels seen 30 years ago near the peak of oil production. However, unlike gas, oil can be easily sold internationally, so much of the extra world production has been absorbed by economic growth in Asia, and decline in production from other countries.

Stop talking sense @sshole, blame the government!!

shazza71_2

my gas and electric will be costing more than my rent !!

verydeeppockets

gem1978 wrote: »

The sooner red ed can get in and reduce energy bills the better!

He's promised to cap 'em.
After umpteen price rises in the next few months, obviously.

verydeeppockets

MillicentBystander wrote: »

The suppliers get massive tax breaks depending on their level of spending on green initiatives. Then recoup the cost of these initiatives from their punters! Not a bad business to be in, eh? Keep upping your prices until you make that magic £50 per household and nothing is done about it. Easy peasy business.

And the green 'initiatives' were whose creation?

verydeeppockets

DragonQ wrote: »

Isn't fracking a relatively recent thing though? Also, that surely doesn't affect electricity prices much?

If the electricity is from gas powered stations, it'll make a heck of a difference - I suspect the US electricity prices have also dropped as a result of their fracking.
It'd work here after successful fracking, if the EU didn't carbon tax the whole thing.