Energy expenditure forecast and the State Pension

sienew

missile said:

sienew said:

missile said:

Farway said:

I think your post & forecast demonstrates why the whole energy market & how to pay bills is going to explode with who knows what results & consequences

It's not just pensioners, millions of lower paid & those on benefits will also be hard hit and just not able to pay

I have no idea what the solution is, and I suspect no one else has either, glib shouts for nationalising, fracking etc are not going to resolve what is an international problem and lack of longer term planning in past decades

In previous times the strong would simply invade & take the supplies but in a nuclear world that is not a good idea, if it ever was

Price increases are much higher in UK than any other country in Europe. Brexit the gift that keeps on giving

This comments shows you clearly don't understand the energy market at all. Brexit has zero impact on energy bills and theoretically (if the govt wanted) even allows us to do more to reduce them than if we were in the EU.

Clearly you believe the government spin and don't realise UK energy costs are increasing far more than in Europe.
Clearly you have no sense of humour, the Brexit comment was a tongue in cheek.
My energy is supplied by EDF, wholly owned by the French government. France has committed to capping an increase in regulated electricity costs at 4% until the end of the year. 

The French & German year ahead contracts are well above the UK's:

https://www.bloomberg.com/news/articles/2022-08-26/german-power-rises-to-record-800-euros-in-latest-inflation-boost

France have the same and sometimes higher wholesale energy costs as the UK. The 4% increase is simply because the government are covering the rest of the rise with debt and it's costing them billions. They haven't done anything we can't do. The EU/Brexit has zero impact on this.

arnoldy

In terms of solutions, he said the price of electricity should be tied to the cost of production, rather than always to the marginal cost of gas, which had enabled many renewable producers to make “supernormal profits” linked to the higher price of gas while their own costs “haven’t changed one iota”.

Former government adviser calls for overhaul of UK utilities regulators (worldnewsera.com)

Albermarle

arnoldy said:

In terms of solutions, he said the price of electricity should be tied to the cost of production, rather than always to the marginal cost of gas, which had enabled many renewable producers to make “supernormal profits” linked to the higher price of gas while their own costs “haven’t changed one iota”.

Former government adviser calls for overhaul of UK utilities regulators (worldnewsera.com)

The  Europeans are saying something similar.