Justification for price increase

Whats_going_on2

Simply put , why is my energy being doubled ?
firstly I don’t have gas , electricity only, and the company states 100% uk renewable energy .

i haven’t seen any ships transporting power to the uk, 

TadleyBaggie

If you think electricity you consume only comes from renewable sources...I have a bridge in Brooklyn you might be interested in.

cnetwork

Sadly, there are so many reasons why energy has gone up. Even though the UK doesn't consume so much from places like Russia, things like the war have complicated matters in the whole global market which has affected the unit rate, and as such the problems just run down the chain, energy suppliers sell energy at a loss, they shut down or go into administration, the cost of setting up the Supplier of Last Resort and so on are all added onto things like the standing charge.

QrizB

Welcome to the forum.

Here is an article at The Conversation that explains it in more detail than I can:

https://theconversation.com/renewables-are-cheaper-than-ever-so-why-are-household-energy-bills-only-going-up-174795

WhoopsIDidItAgainITrolledWithYourHeart

cnetwork said:

Sadly, there are so many reasons why energy has gone up. Even though the UK doesn't consume so much from places like Russia, things like the war have complicated matters in the whole global market which has affected the unit rate, and as such the problems just run down the chain, energy suppliers sell energy at a loss, they shut down or go into administration, the cost of setting up the Supplier of Last Resort and so on are all added onto things like the standing charge.

The "special military operation" in Ukraine had nothing to do with the April increase which happened nearly 3 weeks after OFGEM announced the new price cap which was probably decided a couple of weeks to a month prior.

[Deleted User]

As this snapshot shows, renewables are not a guaranteed source of energy. Note the amount of electricity that is being produced from gas and coal.