Many, many promises...View attachment 21878But, but...
Even if you want to believe that it’s nothing to do with leaving the EU IEM there’s still the small matter that Boris campaigned leave on the basis that it was the nasty EU that makes us charge VAT on energy bills. Have they dropped VAT of energy bills? Not that I’ve seen and that would be 5% off bills for consumers and 20% of bills for business in a single stroke.View attachment 21878But, but...
Good luck with that happening.Even if you want to believe that it’s nothing to do with leaving the EU IEM there’s still the small matter that Boris campaigned leave on the basis that it was the nasty EU that makes us charge VAT on energy bills. Have they dropped VAT of energy bills? Not that I’ve seen and that would be 5% off bills for consumers and 20% of bills for business in a single stroke.
There was an issue with this a couple of year's ago.something not right somewhere.
CO2 is the leading cause of global warming, but there's fuck all available?
Wonder how much the shareholders will actually be hit. No doubt there will be some complex ownership setups which mean the shareholders enjoy the benefit of any profits but when it all goes wrong the taxpayer has to provide a bailout.I have absolutely no qualms about these companies going to the wall and the shareholders taking a hit.
Wonder how much the shareholders will actually be hit. No doubt there will be some complex ownership setups which mean the shareholders enjoy the benefit of any profits but when it all goes wrong the taxpayer has to provide a bailout.
Energy supplies to the consumer are guaranteed so if any company goes bust Ofgem step in as a supplier of last resort. Ultimately this involves transferring you to a new supplier without you losing either your supply or money you have paid.
That means the 'big 6' who are expected to survive will have huge numbers of customers being moved to them, which will mean the amount of supply they have hedged won't be sufficient. Who is going to cover that loss? No doubt the government will step in and ultimately the taxpayer will foot the bill again.
I'm not sure the taxpayer will provide a 'bailout' but without doubt the shareholders will be protected via the corporate structure if it goes wrong to minimise their losses.
Sure any loans will be made on a commercial basis and the government will ensure they have sufficient security to ensure they are paid back in full. "not clear yet what subsidies or incentives the government has offered" doesn't fill me with confidence the taxpayer isn't on the hook there as well.BBC said:Mr Kwarteng told the BBC that lending money to bigger firms to help them take on stranded customers was an option.
Meanwhile, the government has struck a deal to restart carbon dioxide production by the biggest UK producer.
The firm, CF Industries, had halted production at two UK plants because rising gas costs, caused by higher demand due to cold weather in Europe and Asia, had made them unviable.
Carbon dioxide is essential to the frozen food industry and the shortage has raised fears of more gaps in grocery supplies.
It is not clear yet what subsidies or incentives the government has offered the US-based company, which could take as long as three days to resume production.
Dust off your spades and get digging. Coal is King!Low wind and solar power part of the problemcouldn't make it up
Yes the media hinted at a couple of hundred quid across the year ,but what is this gas levy,is that part of it I wonder.Our tariff with Octopus ends end of this month. They’ve just emailed us two options, their cheapest is asking for an extra £120 a MONTH. The second is a jump of £200. We’re £150 in credit too.
Not sure if it’s a try on or a realistic idea of what our normal usage is going to cost now. I was expecting an increase of a few hundred for the coming year but not over a grand.
I'm with Shell Energy, used to be on a fix term but it's gone to flexible now.
No idea how much this will affect me long term but these are the price changes already.
View attachment 22223
I'm with Shell Energy, used to be on a fix term but it's gone to flexible now.
No idea how much this will affect me long term but these are the price changes already.
View attachment 22223
Probably anticipating people sitting in the cold not using fuel as they can't afford the price rises so grabbing extra money that way instead.
This ^^Not sure why the standing charge needs to increase so massively. If it's the cost of the fuel that's going up it should just be the actual gas/electric going up.
Methinks that the companies are using this as an excuse to ramp up prices.
Ain't capitalism great!
This ^^
Robbing bastards
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