Energy Tariff Increases

blackbearbosin

In the past, I had always thought that energy prices go up in tandem with the price of gas/oil.
Considering the continuing low price of oil, I would have thought there is no need for any increase in retail prices this winter.

Pagett

blackbearbosin wrote: »

In the past, I had always thought that energy prices go up in tandem with the price of gas/oil.
Considering the continuing low price of oil, I would have thought there is no need for any increase in retail prices this winter.

One would like to think so, but where the major suppliers have upped prices recently, they did not cite raw material costs as the reason, rather government imposed environmental and social obligations.

Typically raw material costs make up less than 50% of your gas bill and less than 40% of your electricity bill.

System

This link shows you what you are paying for:

http://www.energy-uk.org.uk/customers/about-your-energy-bill/the-breakdown-of-an-energy-bill.html

Also, don’t forget that oil is priced in $s and we all pay for our energy in £s