Fresh 11:23 Sat Dec 3
Energy Bills
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What are you lot paying per month for gas and lecky? My DD has just rocketed to £250 per month and don’t think that will be enough…ffs
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Replies - Newest Posts First ( Show In Chronological Order)
COOL HAND LUKE
7:12 Sat Feb 25
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Just remember - once you let them fit a Smart Meter, your bill can literally be HOWEVER MUCH THEY WANT IT TO BE...
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zico
5:36 Sat Feb 25
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ted fenton 4:42 Sat Feb 25
Sadly not surprised, last month they charged me £79.32 for a mere 689 kwh gas. That's just putting the heating on maybe 3 or 4 times a week for an hour or two if it goes below 15c.
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BRANDED
4:42 Sat Feb 25
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SurfaceAgentX2Zero 11:04 Fri Feb 17
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No. Thats classic idiot being a classic fucking imbecile as usual.
Keep it up, we love it.
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ted fenton
4:42 Sat Feb 25
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1. We have charged you
These charges are based on your meter readings. VAT is included.
Electricity - £89.69
25th Jan 2023 — 22nd Feb 2023
Gas - £260.56
25th Jan 2023 — 22nd Feb 2023
WTF !!! Plus my daughter and her son have since moved out.......
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joe royal
4:15 Sat Feb 25
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£73 one bed flat with a band B rating.
Jan was £150 for some reason, odd as I was on holiday for 3 weeks.
No gas.
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blindman
1:46 Sat Feb 18
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Jesus! After reading a few of these posts I'll stop whinging about power bills here in NZ. Got a big old drafty house and bills are around 100 quid a month in summer and 150 in winter, for both gas and electric.
If it's cold, you just go out and shag a sheep don't you??
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SurfaceAgentX2Zero
11:04 Fri Feb 17
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Branded
That's the risk you run when you post up a link instead of cut and pasting a load of shit and passing it off as your own opinion.
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northbankboy68
10:25 Fri Feb 17
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So pleased the Tories are not changing the regulatory algorithm that says when wholesale prices skyrocket the utilities profits, which are a fixed percentage of wholesale prices, can also skyrocket. Shell £50 Bn, BP £32 Bn. In Sunak and the Tories we believe. Suck it up.
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BRANDED
10:06 Fri Feb 17
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Classic Zero
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SurfaceAgentX2Zero
9:50 Fri Feb 17
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Whoops!
Better send that email.
The name Ed Davey should have given it away. That and the huge yellow banner saying 'this article is more than 10 years old'
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bruuuno
9:39 Fri Feb 17
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An article from 2012, bought to you by the poster who thinks dicks was overrated
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goose
9:38 Fri Feb 17
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UPDATE: on 7 November 2013 Ofgem and FCA concluded their investigation and found that there had been no market manipulation: http://www.fca.org.uk/news/statements/statement-gas-market-manipulation
LOLZ
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goose
9:37 Fri Feb 17
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Just the ten year investigation?
I’m sure they’ll be bringing charges any day now.
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BRANDED
9:34 Fri Feb 17
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2012?
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SurfaceAgentX2Zero
9:29 Fri Feb 17
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Goose
No need, mate. It's already being investigated. Nice GUARDIAN article here:
https://www.theguardian.com/business/2012/nov/12/libor-like-manipulation-gas-markets
Exactly like the LIBOR-fixing scandal, expect a few very junior traders to get 6 months pokie while their bosses trouser six and seven figure bonuses.
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BRANDED
9:07 Fri Feb 17
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Wholesale prices are crashing so plan your 2024 holls
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goose
9:03 Fri Feb 17
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You should send them a strongly worded email.
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SurfaceAgentX2Zero
8:31 Fri Feb 17
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goose
So consumers have been ripped off by the trading arm of Centrica rather than the distribution arm.
That's a huge consolation to us all.
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goose
10:39 Thu Feb 16
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EM&T had a much bigger growth YoY but Upstream is responsible for the bigger share of op profit.
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SurfaceAgentX2Zero
9:59 Thu Feb 16
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goose 9:08 Thu Feb 16
How did 'drilling' become factorially more profitable last year? And if it didn't, the extra profits are down to 'trading'.
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mallard
9:46 Thu Feb 16
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C&P’d from Independent
Centrica cannot charge less to British customers because it it beholden to competition rules within the energy sector, energy analysts have said.
Tony Jordan, senior partner at energy consultancy Auxilione, has said the Competition and Markets Authority would be ready to step in if they saw any evidence of British Gas getting a preferential deal.
Centrica, which owns British Gas, makes most of its profits through the drilling of gas and by trading it, rather than supplying that energy to its customers, who are consumers and business around the UK. It has come under heavy criticism after the company reported soaring profits of more than £3bn for 2022.
Put simply, it cannot sell the gas it extracts to its own company (British Gas) for a rate than is preferential to the one it charges other energy companies.
“There are ‘glass walls’ around the supply of energy” says Jordan. “Centrica can’t trade that energy within its business for a lower rate, as that would be an unfair advantage against the rest of the market.
“The only fair and legitimate way that Centrica can sell energy to British Gas is to look at the market for the current price. Then, British Gas will buy energy at the same rate, before passing that cost on to its customers – this is the same process for all energy suppliers.”
British Gas itself made just 2 per cent of Centrica’s overall £3.3bn of profit. British Gas’ profits fell by 39 per cent compared with last year to £72m on its revenues of £13bn, meaning that its profit margin was just 0.5 per cent.
Centrica’s £3bn profit this year is far more a reflection of Centrica’s bets on drilling for gas beneath the North Sea paying off, rather than it charging households high prices for energy.
The company explores for gas pockets under the sea, often partnering with other companies to share the risk, before spending millions drilling for it and piping it back to storage facilities.
Centrica then sells that gas back to the market at “spot” prices, which change daily depending on supply and demand, not depending on what the gas firm would like.
These prices have rocketed wildly in the past year, due to the impact on gas supplies of the war in Ukraine and because of other factors, meaning that energy suppliers such as British Gas had no choice but to pay the inflated prices and pass those costs on to customers.
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