We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Why do Ofgen allow the increase?
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
in Energy
If the energy companies are making billions in extra profits they clearly don't need to increase the charges so why do OfGen allow the cap to be increased?
Can someone explain me please?
Can someone explain me please?
0
Comments
-
Can you please name one energy SUPPLIER that makes billions? They are limited to a 2% profit margin.
What you mean is energy PRODUCERS, which are completely different companies.
3 -
Because if we pay the energy producers less they will just sell it to someone else and we will be in blackouts all winter.2
-
Would that include the 29 suppliers that have become insolvent in the past year?FatFriday69 said:If the energy companies are making billions in extra profits they clearly don't need to increase the charges so why do OfGen allow the cap to be increased?
Can someone explain me please?
If you mean, energy producers, then Ofgem has no power to regulate them, their remit is purely over the retail providers. Wholesale prices are determined by the global market.No free lunch, and no free laptop
1 -
Groundhog Day here on the energy forum.7
-
N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.2
https://www.youtube.com/watch?v=XD2ZC11pPPQConfirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards