Anyone else feeling a little sick right now

Vegastare

The head of supplier Utilita spoke on Breakfast time and it really brought it home.
He says that £50 of energy will equate to 11 days of energy come October and I think he then said come Jan 2023 it would be the equivalent of 3 days energy.  If he is correct that is beyond alarming.  ( that was my understanding of what he said)

He also made it clear that the meeting this morning is not retailers of energy ie those we pay but the producers.
Yesterday I thought it was the retailers.......this energy system in the UK is ludicrous

Mstty

Vegastare said:

The head of supplier Utilita spoke on Breakfast time and it really brought it home.
He says that £50 of energy will equate to 11 days of energy come October and I think he then said come Jan 2023 it would be the equivalent of 3 days energy.  If he is correct that is beyond alarming.  ( that was my understanding of what he said)

He also made it clear that the meeting this morning is not retailers of energy ie those we pay but the producers.
Yesterday I thought it was the retailers.......this energy system in the UK is ludicrous

Yes that is alarmist. At most if it is 11 days now with the April price cap it means 5 days in April. Still shocking but if the head of Utilita can't even get it right that's shocking lol.

brewerdave

I think what the Utilita guy said was to compare £50 of energy in Oct. 21 with Jan. 23; wasn't listening that closely cos Utilita are a c**p company!!

Mstty

brewerdave said:

I think what the Utilita guy said was to compare £50 of energy in Oct. 21 with Jan. 23; wasn't listening that closely cos Utilita are a c**p company!!

That makes more sense 

johnbhoy70

Didn't hear it but that's what I thought. Very approx £150 per month average energy costs sounds about right for back then. Sheesh......that is only 9 and a half months ago!!!! That is actually mental!!

gazapc

Vegastare said:

He also made it clear that the meeting this morning is not retailers of energy ie those we pay but the producers.
Yesterday I thought it was the retailers.......this energy system in the UK is ludicrous

Out of interest why do you find it ludicrous? We have a supply issue. Other than reducing demand, the supply issue can be solved by increasing production. That's what the producers do.

I'm sure the government/Ofgem are meeting with retailers, but why would they need to be involved in discussions on production?

EssexHebridean

Mstty said:

Vegastare said:

The head of supplier Utilita spoke on Breakfast time and it really brought it home.
He says that £50 of energy will equate to 11 days of energy come October and I think he then said come Jan 2023 it would be the equivalent of 3 days energy.  If he is correct that is beyond alarming.  ( that was my understanding of what he said)

He also made it clear that the meeting this morning is not retailers of energy ie those we pay but the producers.
Yesterday I thought it was the retailers.......this energy system in the UK is ludicrous

Yes that is alarmist. At most if it is 11 days now with the April price cap it means 5 days in April. Still shocking but if the head of Utilita can't even get it right that's shocking lol.

Have you SEEN Utilita's prices though? (I'm assuming they are as grim for single rate electric as they are for E7, anyway!) 

Aylesbury_Duck

gazapc said:

Vegastare said:

He also made it clear that the meeting this morning is not retailers of energy ie those we pay but the producers.
Yesterday I thought it was the retailers.......this energy system in the UK is ludicrous

Out of interest why do you find it ludicrous? We have a supply issue. Other than reducing demand, the supply issue can be solved by increasing production. That's what the producers do.

I'm sure the government/Ofgem are meeting with retailers, but why would they need to be involved in discussions on production?

In the same way that the pandemic revealed we had a previously hidden and untapped pool of specialist epidemiological expertise on facebook, the current situation has uncovered thousands of armchair experts who understand the intricacies of energy production and supply.  Why we didn't use their knowledge a year ago to prevent this crisis is a mystery to me.

Vegastare

Just listened again ( I saved it for partner to listen to) and the Chairman said that in in the winter of 2020 the amount of energy you got for £50 in the winter of 2020 was 11 days with the new price cap on 1st Oct 2022 that will drop to 3and half days energy for £50 then on the current projection in January 2023 that will drop down to 2.8 days.

I have written it as I heard it - sorry about the previous way which was alarming to me - but this above it still scary - but listening to him again it is so confusing - in my defence at 7.15 am I am not at my best, as not had my quota of tea.

pochase

EssexHebridean said:

Mstty said:

Vegastare said:

The head of supplier Utilita spoke on Breakfast time and it really brought it home.
He says that £50 of energy will equate to 11 days of energy come October and I think he then said come Jan 2023 it would be the equivalent of 3 days energy.  If he is correct that is beyond alarming.  ( that was my understanding of what he said)

He also made it clear that the meeting this morning is not retailers of energy ie those we pay but the producers.
Yesterday I thought it was the retailers.......this energy system in the UK is ludicrous

Yes that is alarmist. At most if it is 11 days now with the April price cap it means 5 days in April. Still shocking but if the head of Utilita can't even get it right that's shocking lol.

Have you SEEN Utilita's prices though? (I'm assuming they are as grim for single rate electric as they are for E7, anyway!) 

Are you looking at  the rate for the first 2KWh maybe? They put the standing charge on the first 2 KWh for some tariffs and claim the have no standing charges. From the 3. KWh the rates are much lower.