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Energy comes at a very high price - get over it.
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The price is determined by the regulator (and is the main function of OFGEM) unlike the end price which is determined by the retailers.
Probably the cost has hidden 'green subsidies ' included.
It would be interesting to know why this hasn't been reported in the news.
OFGEM does not defend itself from widespread criticism by stating that its main function is to determine the price of transportation, and is not concerned with end prices.
TruckerTAccording to Clapton, I am a totally ignorant idiot.0 -
Many of those who don't switch fall back on 'all the companies raise their prices' so there is no point switching 'it is a cartel' and anyway look at the 'doorstep switching scandals'....sounds like the marketing departments of the energy companies have being doing a great job at segmenting the market - those who can be bothered to switch to save 300+ per year have a wide choice of tariffs, those who are too lazy to even look believe the 'cartel' message and allow the energy companies to make big profits. No wonder British Gas adverts are all about how cuddly and reliable they are rather than about their prices.
So there is a market failure, a failure by consumers to bother to look at prices rather than just paying over the odds and the suppliers are too blame by manipulating the press to provide the impresson that prices are a rip off and that there is nothing a consumer can do except to bend over and suck it up
There is undoubtedly a large saving to be made switching from standard tariff/ pay on receipt of bill,to a fixed/online/DDR package.
Once you are on the fixed packages the savings are limited and more dependent on timing. Same escalators just with bigger steps on the longer fixes.
I have regularly swapped and also do it for 3 other family members. I have just done one and it was virtually the same to fix again with existing supplier than go to the cheapest possible fix, especially bearing in mind the 4/6 week lag, in a cold period, having being moved back on to standard tariff in meantime.
If more than a small number started switching the cheap tariffs would be withdrawn."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
My favourite fall back is 'prices will only go up anyway so it's best to pay more now to avoid the shock later'.
Agree on the British Gas ads - I've been investigating a boiler replacement. The BG labour charge is of the same order as what a local company will charge for the same boiler including fitting.
Strangely, it's the first boiler I've considered replacing in two decades of home ownership contrary to some of the 'what's cheaper - renting or buying threads' and have only spent c£300 in repairs in that time. We don't see any more of those threads.
Not been tempted by that Johnny Ball scheme?;)"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
mayonnaise wrote: ȣ15 a week is cheap, well done to you.
I always wonder about the 'average bill' mentioned in the press at each price rise. I think it's over £1400 p.a. now?
We live in a 3-bedroom semi and average around £80 per month. And keeping it comfortably warm, no jumpers. Do they heat with the windows open in the average house?Same here my £77 a month direct debit looks to be on track.
Do you have children?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
those who can be bothered to switch to save 300+ per year have a wide choice of tariffs
By government decree, there is no longer a wide choice of tariffs.
I recently emailed my Conservative MP to complain that that my gas bill has increased by a factor of 6 as a result of the recent tariff 'simplification' process, and he claims to be extremely concerned. He says that he has written to the energy department, and will get back to me as soon as he gets a reply.
TruckerTAccording to Clapton, I am a totally ignorant idiot.0 -
Instead of getting hysterical about energy company profits, it's probably a suggestion to see where they make their money and it ain't in the domestic market. Centrica's domestic energy profit only went up by 3%.
Was it your good self he suggested that Centrica made something like 17% whilst BG only makes 4/5%?
Didn't the Independent do an article, this week, on one energy company being saddled with a high "debt charge" from the parent?
I wonder how much is gambled trading energy futures?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »I wonder how much is gambled trading energy futures?
That was what the guy from Ozo said to the select committee - he said that the consumer should not have to carry the risks of future gambling, and that retail prices should be based upon actual wholesale prices during the period in question.
TruckerTAccording to Clapton, I am a totally ignorant idiot.0 -
I forget, who was energy secretary when the climate change act was passed?
I don't think you have.
Irrelevant has the other lot have embraced it and built on it. Even brought in a tree logo."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
That was what the guy from Ozo said to the select committee - he said that the consumer should not have to carry the risks of future gambling, and that retail prices should be based upon actual wholesale prices during the period in question.
TruckerT
A commentator on the radio was also citing how much controllable operting costs had increased, for a number of operators, suggesting growing inefficency."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »A commentator on the radio was also citing how much controlable operting costs had increased, for anumber of opertaors, suggesting growing inefficency.
M8, I think that finger control is your biggest problem right now!
Luv u lots, TruckerTAccording to Clapton, I am a totally ignorant idiot.0
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