Gas & Electricity

Alan Harper's Tash said:
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Their website claims that the company serves 3.8 million homes and businesses. They generated £1.16B in pretax profits. So that works out at about £305 per customer for the year. Their TTM gross margins are 50% and their net margins are 30%. From 2012 to 2018 their gross margins were about 10%. Profits have sharply increased since 2019. This coincides perfectly with the run up in crude oil. A very obvious example of profiteering.
 
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My direct debit has gone from £160 a month to £320 a month I filled my car yesterday it used to be £92 now its £111 and I fill up roughly 4 times a month help
 
Ducado said:
Everyone knows that wholesale gas prices have risen, but for the life of me I can't understand why electricity sourced from Nuclear, Hydro, Wind and Solar has also risen in price?
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The funniest thing about this is if you have roof solar panels.

On standard variable tariff I will be paying Eon 28p per kwh of electricity but they're paying me just 3p for the electricity that my solar panels generate.

In essence I'm sending them my generated electricity for 3p and they're selling it for 28p to someone else.
 
inbetween said:
The funniest thing about this is if you have roof solar panels.

On standard variable tariff I will be paying Eon 28p per kwh of electricity but they're paying me just 3p for the electricity that my solar panels generate.

In essence I'm sending them my generated electricity for 3p and they're selling it for 28p to someone else.
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Good business that.....cunts
 
Ducado said:
Everyone knows that wholesale gas prices have risen, but for the life of me I can't understand why electricity sourced from Nuclear, Hydro, Wind and Solar has also risen in price?
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Its because the poor energy firms have invested OUR money that they have been taking from us for years and this now have to charge us even fucking more to give it them back.

Its a fucking scandal.
 
I go to collect a number of house bound old people’s electricity and gas cards, they can usually only afford a tenner on it at a time. There are five of them, and to be honest I don’t know what I’d do without them, I use up about £4 of each before I go round and put them in their meter. Fucking life saver, I can tell you.
 
Announcement in the Commons at 12.30 regarding what help everybody will get with fuel bills.
 
Ducado said:
Everyone knows that wholesale gas prices have risen, but for the life of me I can't understand why electricity sourced from Nuclear, Hydro, Wind and Solar has also risen in price?
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Because we don't get it direct. The energy firms are the middle men. One company, or part of a company, generates the electricity, then sells it to the energy companies who then pass it onto us. They also pay for all the cables and management of said energy. Plus taxes. Think of them as car salesmen. Who deliver the car to you. And you can't pick it up yourself.
 
Ducado said:
Everyone knows that wholesale gas prices have risen, but for the life of me I can't understand why electricity sourced from Nuclear, Hydro, Wind and Solar has also risen in price?
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I believe its all to do with everything being tied back to the price of crude oil.
We still use a lot of gas for electricity generation and whilst green hydro, wind and solar require significant investment which shareholders want to see a quick return on.
Nuclear is also very expensive and after years of under investment only account for a small proportion of electricity generation.
It also doesnt help that the whole thing is a cartel anyway.
 
mancityvstoke said:
Good business that.....cunts
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Our panels aren't that big so we'd get very little anyway even if the tariff was 28p but it's just funny though really.

Even better is I put the application into them in November last year and it took them 6 months to accept it and they've said they won't ask for the export meter read for 6 months with payments likely 6 months after that....

So basically I won't get a single penny for the electricity I've sent them for at least a whole year after the application. I've worked out they already owe me £30, not a big deal but imagine if it was the other way round.

Imagine if you setup an electricity account with them and they said oh don't worry mate pay us next year....
 
inbetween said:
The funniest thing about this is if you have roof solar panels.

On standard variable tariff I will be paying Eon 28p per kwh of electricity but they're paying me just 3p for the electricity that my solar panels generate.

In essence I'm sending them my generated electricity for 3p and they're selling it for 28p to someone else.
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this needs really looking at, the amount of wasted roof space available is ridiculous but the financials of buying solar panels just don't add up at all anymore.
 
inbetween said:
The funniest thing about this is if you have roof solar panels.

On standard variable tariff I will be paying Eon 28p per kwh of electricity but they're paying me just 3p for the electricity that my solar panels generate.

In essence I'm sending them my generated electricity for 3p and they're selling it for 28p to someone else.
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I think you can buy a battery kit so you get to keep everything you generate
 
BerkshireBlue said:
this needs really looking at, the amount of wasted roof space available is ridiculous but the financials of buying solar panels just don't add up at all anymore.
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We were lucky as our new build came with them so we didn't pay for them outright. We work from home so the panels have been really good at offsetting our daytime usage (I think anyway!).

If we weren't in during the day though then all the energy would instead get exported and well 3p per kwh is a complete waste of time.
 
ganganvince said:
I think you can buy a battery kit so you get to keep everything you generate
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I've looked at them but I don't think the price of them makes it worthwhile.

The problem is our panels are quite small so it'll probably take a few days or more to charge the battery and obviously in winter with no sun you are probably never going to charge it.

It makes tons of sense if you're in a really sunny place with big panels but in the UK I'm not so sure.
 
inbetween said:
We were lucky as our new build came with them so we didn't pay for them outright. We work from home so the panels have been really good at offsetting our daytime usage (I think anyway!).

If we weren't in during the day though then all the energy would instead get exported and well 3p per kwh is a complete waste of time.
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yeah you should look at getting a battery as well. go completely off-grid for a few months a year
 
Panels and a battery im looking at upwards of £8k, probably take 15 years to get that back. The price really needs to drop, something around £4k i would snatch their hands off.
 
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