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Originally posted by Midlands Eagle
We only import a very small amount of our electricity so the devaluing of sterling shouldn't affect the price by that much 30% of our electricity generated is from gas which is priced in USD - next is coal, then nuclear, renewables and imports - as of 2015 which is the most up to date I can see.
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The government must step in. They promised to cap and then left it out of the queens speech. BG are just the last of the big 6 to raise prices. They say it's because of green taxes. Yeah they need to be scrapped. But also smart meters, who the heck needs another device that can be hacked.
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Originally posted by Dave58
The government must step in. They promised to cap and then left it out of the queens speech. BG are just the last of the big 6 to raise prices. They say it's because of green taxes. Yeah they need to be scrapped. But also smart meters, who the heck needs another device that can be hacked. Although i agree, sadly it's wishful thinking. The proof being the selling-off of OUR utilities in the first place.
Buy Litecoin. |
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Originally posted by Dave58
The government must step in. They promised to cap and then left it out of the queens speech. BG are just the last of the big 6 to raise prices. They say it's because of green taxes. Yeah they need to be scrapped. But also smart meters, who the heck needs another device that can be hacked. By European comparison we are cheap for gas still and about par for electric - the tax component is the main difference for the most expensive countries.
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Pussay Patrol ![]() |
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Only a third of what you pay is for the energy, its The transportation and taxes which have gone up and they pass onto the consumer. Not rocket science. They make very little mark up on the actual cost Government are happy the companies get the blame and not them.
Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah |
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Whilst energy companies can charge what they like the reality is that there is rarely a price gulf between them and that British Gas price rise will more than likely open up the floodgates for other providers to follow suit. Simple answer is to bring in legislation for capping the market...however I dare say that will upset too many MPs who are closet shareholders for a number of these companies.
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Originally posted by Sportyteacher
Simple answer is to bring in legislation for capping the market...however I dare say that will upset too many MPs who are closet shareholders for a number of these companies. Most of the energy companies are foreign owned with the major British owned energy company being British Gas which is owned by a public company with shares held by a huge number of ordinary citizens who bought them when the company was originally floated
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Originally posted by Sportyteacher
Whilst energy companies can charge what they like the reality is that there is rarely a price gulf between them and that British Gas price rise will more than likely open up the floodgates for other providers to follow suit. Simple answer is to bring in legislation for capping the market...however I dare say that will upset too many MPs who are closet shareholders for a number of these companies. They all operate from similar cost bases - they don't own the distribution network, they pay the same renewable taxes, they balance their portfolios in the same spot markets and British Gas were the last to put prices up - and as mentioned elsewhere when you compare costs of supply, domestic energy we are not out of step with the rest of Europe.
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Originally posted by Sportyteacher
Whilst energy companies can charge what they like the reality is that there is rarely a price gulf between them and that British Gas price rise will more than likely open up the floodgates for other providers to follow suit. Simple answer is to bring in legislation for capping the market...however I dare say that will upset too many MPs who are closet shareholders for a number of these companies. They're one of the last big six to put their price up I read but don't let that get in the way of a good whine
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