Shell Energy price rise

Phlik

Stevev99 said:

Phlik said:

Stevev99 said:

I guess we'll have to let it all settle and start looking around but right now these companies and who they buy their energy off are licensed to print money.

The utility companies are losing money every second of every day, why do you think 30 have gone bust? 

You might think the cap is a wonderful thing holding the prices artificially low but it isn't, all it's done is force companies to supply below cost price and because of that 30 have gone bankrupt. Who do you think pays for that, it isn't the government, it isn't your supplier, it's you, and me and all the other customers. All the cap has achieved is an overall increase in your bills year on year as operational costs have increased substantially, that'll be your standing charge.

As for the likes of Shell who supply the gas making $19b profit, that's on a $200b+ turnover, less than 10%, should they be altruistic? non profit making?. Everyone loves capitalism provided it's coming out of someone else's pocket.

Phlik said:

Stevev99 said:

I guess we'll have to let it all settle and start looking around but right now these companies and who they buy their energy off are licensed to print money.

The utility companies are losing money every second of every day, why do you think 30 have gone bust? 

You might think the cap is a wonderful thing holding the prices artificially low but it isn't, all it's done is force companies to supply below cost price and because of that 30 have gone bankrupt. Who do you think pays for that, it isn't the government, it isn't your supplier, it's you, and me and all the other customers. All the cap has achieved is an overall increase in your bills year on year as operational costs have increased substantially, that'll be your standing charge.

As for the likes of Shell who supply the gas making $19b profit, that's on a $200b+ turnover, less than 10%, should they be altruistic? non profit making?. Everyone loves capitalism provided it's coming out of someone else's pocket.

I hear you of course and favour another stealth tax on the big oil companies to help compensate those that truly cannot afford these rises.

That's fine, but if we're going to penalize them for making a profit (and 10% isn't all that) then we also have to be prepared to bail them out when they make a loss.

Gerry1

Stevev99 said:

QrizB said:

Stevev99 said:

Very similar situation myself, was Pure Planet and paying £138, transferred to Shell Energy and they've just told me I'm £267 in debt as my previous direct debit didn't cover their charges!!
They have also said from April my bill will be approx £289!!!! 
This is all insane.

At the risk of repeating myself ...

What is your typical annual consumption of gas and electricity?

Hi, gas about 12000 kwh per year and electricity about 7000kwh per year

The electricity figure is more than twice the average use.  Are these figures derived from actual meter readings or just estimates?

Are you using any electric heaters or an electrically heated hot tub or an electric shower?  Avoid them all !

QrizB

Stevev99 said:

QrizB said:

Stevev99 said:

Very similar situation myself, was Pure Planet and paying £138, transferred to Shell Energy and they've just told me I'm £267 in debt as my previous direct debit didn't cover their charges!!
They have also said from April my bill will be approx £289!!!! 
This is all insane.

At the risk of repeating myself ...

What is your typical annual consumption of gas and electricity?

Hi, gas about 12000 kwh per year and electricity about 7000kwh per year

Your gas bill is pretty typical and will be around £1000/yr from April.

Your electricity is much higher than average and will cost around £2100/yr.

£3100/yr is £260/month.

Mark18pll

We were moved over to Shell energy when Pure Planet folded, just received our price rise notification and the standing charges have risen considerably for electricity.
Electricity from 24.38p to 42.24p
Gas from 26.11 to 27.22

Trying to find another supplier that offers variable rate is impossible.

QrizB

Mark18pll said:

We were moved over to Shell energy when Pure Planet folded, just received our price rise notification and the standing charges have risen considerably for electricity.
Electricity from 24.38p to 42.24p
Gas from 26.11 to 27.22

Trying to find another supplier that offers variable rate is impossible.

Those are the rates from the 1st of April.

Other suppliers will have essentially the same variable tariffs.

Ultrasonic

Mark18pll said:

We were moved over to Shell energy when Pure Planet folded, just received our price rise notification and the standing charges have risen considerably for electricity.
Electricity from 24.38p to 42.24p
Gas from 26.11 to 27.22

Trying to find another supplier that offers variable rate is impossible.

I've also gone the Pure Planet to Shell route and wish my costs were as low as yours! According to the e-mail I received today my electricity standing charge will be changing from 25.66 p to 51.62 p. The difference is presumably because we live in different parts of the country. So, for you it could be worse!

Other supplier's variable rates aren't likely to be much different as they'll all be at the local price cap. Fixed rates are the option to explore but don't be shocked if you conclude that staying on your current tariff is the best option.

Mark18pll

I understand the costs are going up but what i dont understand is why standing charges can differ significantly between providers. My understanding is that the standing charge is basically for maintenance, so why would this nearly double for electricity or have i missed something?

Ultrasonic

Mark18pll said:

I understand the costs are going up but what i dont understand is why standing charges can differ significantly between providers. My understanding is that the standing charge is basically for maintenance, so why would this nearly double for electricity or have i missed something?

There are about 50,000 different threads asking this same question right now... A major contribution to the standing charge is footing the bill for customers like us having been bailed out when energy companies went bust.

Ches6540

Mark18pll said:

We were moved over to Shell energy when Pure Planet folded, just received our price rise notification and the standing charges have risen considerably for electricity.
Electricity from 24.38p to 42.24p
Gas from 26.11 to 27.22

Trying to find another supplier that offers variable rate is impossible.

Shell took over my supply in October from Goto energy. I still haven't been billed since they took over, they are doing in the next couple of weeks apparently. Today they have emailed me the prices from April 1st. Electricity 31.162 kwh, daily s/c 53.51.  Gas 7.757 kwh, daily s/c 32.03 

Thrugelmir

Phlik said:

Stevev99 said:

Phlik said:

Stevev99 said:

I guess we'll have to let it all settle and start looking around but right now these companies and who they buy their energy off are licensed to print money.

The utility companies are losing money every second of every day, why do you think 30 have gone bust? 

You might think the cap is a wonderful thing holding the prices artificially low but it isn't, all it's done is force companies to supply below cost price and because of that 30 have gone bankrupt. Who do you think pays for that, it isn't the government, it isn't your supplier, it's you, and me and all the other customers. All the cap has achieved is an overall increase in your bills year on year as operational costs have increased substantially, that'll be your standing charge.

As for the likes of Shell who supply the gas making $19b profit, that's on a $200b+ turnover, less than 10%, should they be altruistic? non profit making?. Everyone loves capitalism provided it's coming out of someone else's pocket.

Phlik said:

Stevev99 said:

I guess we'll have to let it all settle and start looking around but right now these companies and who they buy their energy off are licensed to print money.

The utility companies are losing money every second of every day, why do you think 30 have gone bust? 

You might think the cap is a wonderful thing holding the prices artificially low but it isn't, all it's done is force companies to supply below cost price and because of that 30 have gone bankrupt. Who do you think pays for that, it isn't the government, it isn't your supplier, it's you, and me and all the other customers. All the cap has achieved is an overall increase in your bills year on year as operational costs have increased substantially, that'll be your standing charge.

As for the likes of Shell who supply the gas making $19b profit, that's on a $200b+ turnover, less than 10%, should they be altruistic? non profit making?. Everyone loves capitalism provided it's coming out of someone else's pocket.

I hear you of course and favour another stealth tax on the big oil companies to help compensate those that truly cannot afford these rises.

That's fine, but if we're going to penalize them for making a profit (and 10% isn't all that) then we also have to be prepared to bail them out when they make a loss.

Which they did in 2020. But the politicians conveniently ignore this fact when trying to grab the media headlines.