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Energy bills to fall

Glen_Clark
Glen_Clark Posts: 4,397 Forumite
Apparently the Green Levy part of the bill will be foisted on to taxpayers instead of energy users, in the hope taxpayers won't notice http://www.telegraph.co.uk/finance/newsbysector/energy/10485494/Energy-bills-expected-to-fall-50-a-year-following-cuts-to-green-levies.html
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
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Comments

  • penrhyn
    penrhyn Posts: 15,215 Forumite
    Part of the Furniture Combo Breaker
    So do you prefer the green crap to be forced on those who can barely afford to heat their homes.
    Putting such measures onto general taxation is more progressive.
    That gum you like is coming back in style.
  • undaunted
    undaunted Posts: 1,870 Forumite
    I'd prefer it not to be foisted either way personally. If you must have it then take it out of suppliers huge profits & shareholders dividends rather than the hard pressed tax payer.

    Whilst it was Milliband who brought them in Cameron claimed to be the green party when elected & his turn around on the green issues in less than a Parliament therefore does little for his credibility as a trustworthy PM in my opinion

    As to bills falling I'll believe that when I see it. More likely the price increases will continue / prices be maintained at current levels over a fairly short period & the good old tax payer will be paying twice!
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    undaunted wrote: »
    I'd prefer it not to be foisted either way personally. If you must have it then take it out of suppliers huge profits & shareholders dividends rather than the hard pressed tax payer.
    Suppliers profits are around 5%. You cannot cut those at the same time as begging the energy companies to invest in desperately needed new power stations!!
    undaunted wrote: »
    Cameron ....... his credibility as a trustworthy PM
    :rotfl: How much credibility do you give to someone who devises a scheme that inflates house prices, and then calls it 'Help to Buy' :rotfl:
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    penrhyn wrote: »
    So do you prefer the green crap to be forced on those who can barely afford to heat their homes.
    Putting such measures onto general taxation is more progressive.
    There are wealthy taxpayers and poor energy users, and vice versa.
    Everybody pays taxes. Even the guy sleeping in a cardboard box on the street pays taxes - VAT on takeaway food.

    So I can't see how its fairer to foist energy production costs on the taxpayer than on the energy user. But then what has politics to do with fairness?
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • MillicentBystander
    MillicentBystander Posts: 3,518 Forumite
    edited 30 November 2013 at 1:20PM
    How do we know what Cameron has previously said? I mean, it's not like you can look it up on the Tory's website anymore, is it? ;)

    PS In all seriousness this is definitely going to happen and then it's a matter of what happens with the punters who have jumped on the Fixed Bandwagon (TM)? No wonder all the cheap deals at the moment are fixed ones. Crafty b*ggers.
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    How do we know what Cameron has previously said? I mean, it's not like you can look it up on the Tory's website anymore, is it? ;)

    PS In all seriousness this is definitely going to happen and then it's a matter of what happens with the punters who have jumped on the Fixed Bandwagon (TM)? No wonder all the cheap deals at the moment are fixed ones. Crafty b*ggers.

    :rotfl: worth about as much as Cameron's election promises to savers which been deleted too: http://www.telegraph.co.uk/finance/personalfinance/pensions/10457090/Camerons-broken-promise-to-savers-costs-68bn.html
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • Swipe
    Swipe Posts: 5,390 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    So everyone on a fixed price tariff pays twice
  • Pincher
    Pincher Posts: 6,552 Forumite
    1,000 Posts Combo Breaker
    How the winds of fortune change.


    Only in October were the lemmings jumping onto the 2017 fixes.
    Those who dumped their cheap April 2014 fixes in favour of 2017 fixes must be sharpening their swords for seppuku right now.


    I would say the right time for ritual disembowelment is just after the Autumn Statement. Die with honour, you wash away your shame with your entrails.
  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    Never been on a fixed tariff. I figure the energy companies have a better idea of future energy prices than me, so I don't fancy betting against them.
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • MillicentBystander
    MillicentBystander Posts: 3,518 Forumite
    edited 30 November 2013 at 3:47PM
    To be fair to them many experts (including Martin himself) were espousing the value of fixed tariffs for all so it's easy to see why many went for them, I suppose. But every time you see fixed deals dominating the upper reaches of the switching sites be cynical imo. Question everything. :p

    PS But will the Govt insist that the suppliers reduce fixed tariffs to reflect the moving away of green levies from energy bills?
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