Energy prices: Crumbs off the table

Davedastardly

The MSE Big Switch 3 may well be the best on offer but the fact remains that energy suppliers have massively increased their margins in recent years. Wholesale energy costs have fallen by far more than the tariffs offered to consumers who are merely offered the crumbs off the table.

Bluebirdman_of_Alcathays

What are the wholesale cost changes? I'd love to see any data you have.

Thanks,
BBoA

Cardew

Davedastardly wrote: »

but the fact remains that energy suppliers have massively increased their margins in recent years. Wholesale energy costs have fallen by far more than the tariffs offered to consumers who are merely offered the crumbs off the table.

So as you appear to be 'in the know' - give us some figures please.


Will this help?


https://www.ofgem.gov.uk/gas/retail-market/monitoring-data-and-statistics/understanding-energy-prices-great-britain/supply-market-indicator

modsandmockers

Cardew wrote: »

So as you appear to be 'in the know' - give us some figures please.


Will this help?


https://www.ofgem.gov.uk/gas/retail-market/monitoring-data-and-statistics/understanding-energy-prices-great-britain/supply-market-indicator

Here is a quote from your link -

“Our estimate of the pre-tax margin a typical large supplier could make over the next 12 months, based on a 13-month rolling average, is around £120 or 9% of the annual dual fuel bill. This is higher than last month's estimate and can be explained by the fact that we expect wholesale costs to continue to decline over the coming months as the effects of falls in wholesale prices continue to feed through”

spiro

modsandmockers wrote: »

Here is a quote from your link -

“Our estimate of the pre-tax margin a typical large supplier could make over the next 12 months, based on a 13-month rolling average, is around £120 or 9% of the annual dual fuel bill. This is higher than last month's estimate and can be explained by the fact that we expect wholesale costs to continue to decline over the coming months as the effects of falls in wholesale prices continue to feed through”

The problem with this is that it is working on spot prices, most large suppliers will hedge and pre order most of what they need a year or more in advance to allow them to control costs. The last time they did a comparison supermarkets made more profit from you percentage wise compared to the energy companies.

footyguy

Bluebirdman_of_Alcathays wrote: »

What are the wholesale cost changes? I'd love to see any data you have.

Thanks,
BBoA

I'm surprised you don't alreeady have access to such data.

Anyway, this from the BBC to keep you happy whilst you do your own research

Firmus Energy, which supplies gas to about 76,000 customers in Northern Ireland, is to cut its prices...

The cuts are due to the continuing fall in wholesale gas prices....

http://www.bbc.co.uk/news/uk-northern-ireland-34178954

(The report goes onto say this follows a similar price cut by NI's biggest gas supplier, SSE Airtricity, announced last week)

Bluebirdman_of_Alcathays

footyguy wrote: »

I'm surprised you don't alreeady have access to such data.

Anyway, this from the BBC to keep you happy whilst you do your own research

http://www.bbc.co.uk/news/uk-northern-ireland-34178954

(The report goes onto say this follows a similar price cut by NI's biggest gas supplier, SSE Airtricity, announced last week)

That is not data - that is a news article.


Data would be a daily analysis of the wholesale forward rates of gas/electricity - something that used to be present on energy.eu, sadly no longer available.