Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
Page 1
  • Wywth
    • #2
    • 31st Jul 13, 9:48 AM
    • #2
    • 31st Jul 13, 9:48 AM
    ..."Wholesale gas prices have not risen significantly...
    Are wholsale gas prices in Europe no longer pegged to oil prices?

    I thought oil prices were currently on the up, hence why petrol & diesel prices are currently going up.
    • DragonQ
    • By DragonQ 31st Jul 13, 10:00 AM
    • 2,066 Posts
    • 704 Thanks
    DragonQ
    • #3
    • 31st Jul 13, 10:00 AM
    • #3
    • 31st Jul 13, 10:00 AM
    It's good that they'll delay any price rises "as long as possible"...presumably they mean as long as possible before their profits dip by 10p/year.
    • RHYSDAD
    • By RHYSDAD 31st Jul 13, 12:27 PM
    • 2,256 Posts
    • 3,129 Thanks
    RHYSDAD
    • #4
    • 31st Jul 13, 12:27 PM
    • #4
    • 31st Jul 13, 12:27 PM
    I've never changed from them but i'm thinking now i might just have a look around..
    "Do not use a hatchet to remove a fly from your friend's forehead."

    Chinese Proverb


    • Nada666
    • By Nada666 31st Jul 13, 12:34 PM
    • 4,868 Posts
    • 3,886 Thanks
    Nada666
    • #5
    • 31st Jul 13, 12:34 PM
    • #5
    • 31st Jul 13, 12:34 PM
    Move along. Nothing to read here. There is no story.
    • Cardew
    • By Cardew 31st Jul 13, 12:47 PM
    • 27,971 Posts
    • 13,830 Thanks
    Cardew
    • #6
    • 31st Jul 13, 12:47 PM
    • #6
    • 31st Jul 13, 12:47 PM
    This article for last year puts BG's profits into perspective.

    http://www.telegraph.co.uk/finance/comment/damianreece/9684331/British-Gas-makes-just-92p-a-week-profit-per-household-why-all-the-anger.html

    As discussed in Parliament this week, the real issue is how much profit the parents arm of the distribution companies make(Centrica in the case of BG)

    One thing seems certain, if it is 'Rip-Off Britain' it is also 'Rip-off Europe as our prices are not more expensive.
    • ic
    • By ic 31st Jul 13, 2:01 PM
    • 2,683 Posts
    • 1,361 Thanks
    ic
    • #7
    • 31st Jul 13, 2:01 PM
    • #7
    • 31st Jul 13, 2:01 PM
    Elsewhere in the news, Diana still dead, Autumn follows summer and Government remains untrusted.
    * my posts are made in good faith and only represent my own opinion, experience or understanding of a situation.
    • Cardew
    • By Cardew 31st Jul 13, 2:08 PM
    • 27,971 Posts
    • 13,830 Thanks
    Cardew
    • #8
    • 31st Jul 13, 2:08 PM
    • #8
    • 31st Jul 13, 2:08 PM
    [QUOTE=ic;62694263]Elsewhere in the news, Diana still dead, QUOTE]

    But Elvis isn't dead!
    • wakeupalarm
    • By wakeupalarm 31st Jul 13, 7:40 PM
    • 740 Posts
    • 318 Thanks
    wakeupalarm
    • #9
    • 31st Jul 13, 7:40 PM
    • #9
    • 31st Jul 13, 7:40 PM
    One thing seems certain, if it is 'Rip-Off Britain' it is also 'Rip-off Europe as our prices are not more expensive.
    Originally posted by Cardew
    But we've supposedly have had 25+ years of private companies running things and 15 years of competition, so our prices should be much lower than Europe where they have only had a few years of private companies running things, some are still state owned and only a few years of competition. We've also had years of our own oil and gas, which most of Europe doesn't have the benefit of.

    It begs the questions
    Why bother having private companies rather than nationalised industry in Energy.if there is no benefit for the consumer
    Why bother having competition if there is no benefit for the consumer.
    • Cardew
    • By Cardew 31st Jul 13, 9:00 PM
    • 27,971 Posts
    • 13,830 Thanks
    Cardew
    Why bother having competition if there is no benefit for the consumer.
    Originally posted by wakeupalarm
    IMO there is little scope for competition.

    Our Utility distribution companies buy the same product(gas/electricity) on the same world market.

    The product is delivered by the same means(pipes and wires)

    They all pay the same rates of tax.

    They all contribute(pro-rata) the same subsidies for 'green' products.

    Ditto social tariffs.

    The parliamentary committee this week stated that the profits of the Big 6 distribution companies were between 2% and 5%; which is not unreasonable.

    So they simply resort to 'confusion marketing'.

    The big unknown factor is the profit levels of the big multi-national companies that produce the gas/electricity.

    However it would be naive to expect them to sell their products to the UK at below the market price, when they can get a higher price elsewhere.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

54Posts Today

2,649Users online

Martin's Twitter