Energy Price Cap latest

[LeningradCowboy]

Re: Energy Price Cap latest

If prices rise as is being suggested here, then millions simply will not pay. Which isn't a solution in itself at all, but I suspect it's what would happen, effectively a bill-strike. And if some got away with it then everyone would do it.

The oil and gas industries need to see the writing on the wall here - if they want to return to the normality they (and we) previously enjoyed, they will need to turn that profit made in other parts of their business into reduced energy costs, or else many countries will simply nationalise them, and bill payers either will not, or will be unable to pay.

The energy bill rebate package is worth £15bn. Centrica's profits after tax are about £600mn. There are no easy solutions to this problem.

[life on mars]

Re: Energy Price Cap latest

He's a massive Pleb. He doesn't realise that good insulation keeps energy in the property, and that it also keeps the house cool during hot days.

Really , you haven't commented on my list of cost saving ideas ...

[JamesWales]

Re: Energy Price Cap latest

The energy bill rebate package is worth £15bn. Centrica's profits after tax are about £600mn. There are no easy solutions to this problem.

I completely agree.

But the energy production and distribution industry, in the broadest sense is making money. And if it wants to in the future, it may need to recognise that it needs to keep it's model affordable and economically viable or else something gives, and if it does, they suffer.

[SLUDGE FACTORY]

Re: Energy Price Cap latest

We should never have sold off the family silver

Would we be in this situation if Thatcher hadn't privatised the gas , elec etc ?

Competition they say .......all I can see is people running around in fear scrambling to get energy as cheaply as they can

Was it all worth it ?

[SLUDGE FACTORY]

Re: Energy Price Cap latest

I am with them on this deal

Oh are you ? My Bert changed us to the other lot

Doris is on the same lot who provide her mobile phone

Which is more expensive than our mobile phone

Ff sake !

[A Quiet Monkfish]

Re: Energy Price Cap latest

The energy bill rebate package is worth £15bn. Centrica's profits after tax are about £600mn. There are no easy solutions to this problem.

Changing topic slightly, globally we're heading for a perfect storm. Western economies already racking up huge debts before covid, demand on public services stretching to breaking point even though spending increasing exponentially, taxation across western economies the highest for decades, and the one thing all countries dread - inflation - set to rise to 12%, which in turn will put pressure on wages, which will see inflation continue, which will see countries debt repayments soar. Oh, and a European war, and China getting ready to do 'a Russia'. Batten down the hatches !!

[dandywarhol]

Re: Energy Price Cap latest

There is currently in the UK a private company energy cartel in operation.They all charge the same price the energy cap.Scrap the energy cap and let the fat cat companies fight for business.

[JamesWales]

Re: Energy Price Cap latest

We should never have sold off the family silver

Would we be in this situation if Thatcher hadn't privatised the gas , elec etc ?

Competition they say .......all I can see is people running around in fear scrambling to get energy as cheaply as they can

Was it all worth it ?

In short, yes, we would be.

[A Quiet Monkfish]

Re: Energy Price Cap latest

We should never have sold off the family silver

Would we be in this situation if Thatcher hadn't privatised the gas , elec etc ?

Competition they say .......all I can see is people running around in fear scrambling to get energy as cheaply as they can

Was it all worth it ?

It's not 'competition' though - if it were then maybe things might be better. What you have are literally 1000's of tariffs, the folk that don't shop around end up subsidizing those who do. Energy, Rail, Water, ideally should be state-owned and run.

[SLUDGE FACTORY]

Re: Energy Price Cap latest

In short, yes, we would be.

I beg to differ

[SLUDGE FACTORY]

Re: Energy Price Cap latest

Anyone watching this doc on BBC 2 about the power of Mobil and BP ?

[jon1959]

Re: Energy Price Cap latest

One day, in 1976 it baked for weeks and a Welsh reservoir ran dry .. weeks of house pipe bans folk told to share bath water ...

Yes.... and.... ?

What is your point caller?

[jon1959]

Re: Energy Price Cap latest

Really , you haven't commented on my list of cost saving ideas ...

No - he decided to just comment on your inane comment about insulation. That was enough!

[Dave Blue]

Re: Energy Price Cap latest

Government should hit them with a windfall tax and use that to fund a cost of living support scheme

There’s a problem with this. The Daily Mail would call them communists and they would lose the election, despite this being the most sensible and appropriate thing to do.