Gas suppliers will tell you they don't pay market price same day that they supply you. They have been buying gas on forward contracts over the last year so, what you get charged is a reflection of rates over the last 12 months. But they will be fleecing you on top of that rate as know one is switching suppliers anymore.See my previous post. Prices today are the same as they were a year ago. We are being fleeced for the benefit of profits.
I’ve just had our December bill from octopus for 450 quid!
The unit rate for gas is 9.84 pence per kWh. Add 5% VAT, this is 10.33 per kWh. The standing charge is 25.56 pence per day.
12 months ago, the unit rate for gas was 3.81 pence per kWh. Add VAT at 5%, this was 4 pence per kWH with a standing charge of 24.48 pence per day.
Overall, it’s a unit rate increase of 2.5 times the price 12 months ago.
Our bill has pretty much doubled annually from £1800 to £3600 even though we now use less than 12 months ago.
The bills from April are going to be frightening. How on earth can this be sustainable for people???
The link below is worth a read.When has anybody be explained to us, the public, how energy prices are calculated, why they are so high and what is being done to reduce them. Isn’t that what an energy secretary is for?
The answer of course is never.
It is utterly ridiculous how they have us over like this.The link below is worth a read.
https://www.ucl.ac.uk/news/2022/sep...roducers-who-provide-less-half-uk-electricity
Basically due to the structure of the market, the current high cost of some fossil fuels is dictating the price we pay for electricity. This means we’re paying way over the odds when compared to the average cost of generating electricity. The structure of the market needs to be changed and the fact that it hasn’t changed is squarely on the government who presumably have a vested interest in letting some parts of the electricity generation industry make excess profits.
He’s absolutely correct, it’s been their goal all along and if it wasn’t for government caps/Ofgem etc they’d have been rinsing us for more decades ago, they operate out of pure greed, once everything returns to ‘normal’ watch how they fight to keep the prices as high as possible.He works with the daily cost of gas for generation and has said for a long time that these energy companies have been taking us to the cleaners and are making huge profits.
The cunts would still vote for BrexitI would have thought a reform of the way the market works would have been one of Sunak's priorities.After all if they teach numeracy till 18, they won't be able to pull the wool over people's eyes in 20 years time!