Energy Tax

cboarders

Hi.

I've recently come across some information regarding energy companies and I would like to know if there's any truth in it.

Apparently we already pay energy companies, ie national grid, for our energy in our tax and vat. And we only pay these energy companies the money to supply a meter and maintenance and the energy itself is incorporated in our tax.

Because we pay for the energy in our tax, can I cancel paying my energy company and legally there would be no court repercussions?

Getting some truth on this would be very much appreciated?

Verdigris

You do realise that not everything you read on the internet is true?

MWT

cboarders said:

Hi.

I've recently come across some information regarding energy companies and I would like to know if there's any truth in it.

Apparently we already pay energy companies, ie national grid, for our energy in our tax and vat. And we only pay these energy companies the money to supply a meter and maintenance and the energy itself is incorporated in our tax.

Because we pay for the energy in our tax, can I cancel paying my energy company and legally there would be no court repercussions?

Getting some truth on this would be very much appreciated?

Not one grain of truth in any of that, and not the first time it has been posted on here either.

Astria

You can legally cancel paying your energy company, but they can also legally cut off your supply of gas and electric.

If you want it, you have to pay for it.

[Deleted User]

cboarders said:

Hi.

I've recently come across some information regarding energy companies and I would like to know if there's any truth in it.

Apparently we already pay energy companies, ie national grid, for our energy in our tax and vat. And we only pay these energy companies the money to supply a meter and maintenance and the energy itself is incorporated in our tax.

Because we pay for the energy in our tax, can I cancel paying my energy company and legally there would be no court repercussions?

Getting some truth on this would be very much appreciated?

If you genuinely believe that the above advice is accurate, then I suggest that you cancel all future payments to your energy supplier and then sit back and see what happens. You might need a very expensive lawyer to argue your case! You might also need more than just something that you read on the Web.

The truth is that your supplier pays its wholesaler in advance of supply. They, in turn, charge you for the energy that you use at the agreed tariff rate. Ask yourself this: if we are all paying for our electricity and gas through taxation then why have so many suppliers gone bust if all that they are responsible for is the supply of meters and their maintenance? Supplying and maintaining meters could hardly be described as a high risk business activity.

Ectophile

If you want a very expensive lawyer's opinion on it, for free, have a watch of https://www.youtube.com/watch?v=vbHCiYQ-KhQ

facade

They told us that now we can harness the mighty power of The Atom that electricity would be so cheep that we wouldn't need to meter it.

Was that not true then?

EssexHebridean

cboarders said:

Hi.

I've recently come across some information regarding energy companies and I would like to know if there's any truth in it.

Apparently we already pay energy companies, ie national grid, for our energy in our tax and vat. And we only pay these energy companies the money to supply a meter and maintenance and the energy itself is incorporated in our tax.

Because we pay for the energy in our tax, can I cancel paying my energy company and legally there would be no court repercussions?

Getting some truth on this would be very much appreciated?

Which tax do you believe that you personally pay that would cover your energy use? 

chuddart

There is no truth in this. The Nationsl grid and other are built using capital losns whivh rely on subscriber income. Innthis tge is oaid by the standing charges. What doesn't in current market is why the standing rising when is a fixed capital intensive model that doesn't rely the commodity price of either gas or electric.

MWT

chuddart said:

What doesn't in current market is why the standing rising when is a fixed capital intensive model that doesn't rely the commodity price of either gas or electric.

This has been answered many times over the past few months...

https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-has-the-standing-charge-for-electricity-nearly-doubled#latest

[Deleted User]

MWT said:

chuddart said:

What doesn't in current market is why the standing rising when is a fixed capital intensive model that doesn't rely the commodity price of either gas or electric.

This has been answered many times over the past few months...

https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-has-the-standing-charge-for-electricity-nearly-doubled#latest

I agree. Mods please do us all a favour and close off this thread.