Cable Forum - UK Energy Prices

Aren't parent companies something of a "big brother". Why did Centrica buy British Gas? It was to control both ends of the value chain.

Incidentally, the law on this is highly complex. Do a bit of Googling and you'll see.

1andrew1

10-12-2022 23:21

Re: The energy crisis

Quote:

Originally Posted by Sephiroth (Post 36141591)

Centrica was a new name for part of the former British Gas plc which split into three companies.

SnoopZ

15-12-2022 11:42

Re: The energy crisis

I've had an email from Bulb with price increase from 1st January 2023.

Quote:

We're increasing our electricity unit rate from 35.056p to 35.134p per kWh and we're keeping our electricity standing charge the same at 38.936p per day.

We're keeping our gas unit rate the same at 10.309p per kWh and our standing charge at 28.484p per day

Jaymoss

15-12-2022 11:54

Re: The energy crisis

Quote:

Originally Posted by SnoopZ (Post 36141903)

I've had an email from Bulb with price increase from 1st January 2023.

So the Octopus take over is dragging then

nashville

15-12-2022 12:35

Re: The energy crisis

I was paying £72 a month to SP, I am always in credit Now they want to increase my monthly payment to £208 , No way am I paying this, I will phone them today, Even if the double it it might be a bit fairer but this is robbery ,

Paul	15-12-2022 13:00

Re: The energy crisis

Quote:

Originally Posted by SnoopZ (Post 36141903)

I've had an email from Bulb with price increase from 1st January 2023.

Yes, I got one as well, I'm puzzled as to how prices can increase when they are supposed to be capped :confused:

---------- Post added at 13:00 ---------- Previous post was at 12:58 ----------

Quote:

Originally Posted by Jaymoss (Post 36141906)

So the Octopus take over is dragging then

They basically said that it will be business as normal until next year, all that will change for now is that Bulb will be owned by Octopus.

Mad Max

15-12-2022 18:21

Re: The energy crisis

Quote:

Originally Posted by nashville (Post 36141914)

I was paying £72 a month to SP, I am always in credit Now they want to increase my monthly payment to £208 , No way am I paying this, I will phone them today, Even if the double it it might be a bit fairer but this is robbery ,

What you living in mate, that seems really low.

Taf	15-12-2022 18:57

Re: The energy crisis

Quote:

Originally Posted by Paul (Post 36141915)

Yes, I got one as well, I'm puzzled as to how prices can increase when they are supposed to be capped :confused:

Anyone who says they understand the Cap either designed it or is very misinformed.

joglynne

15-12-2022 20:54

Re: The energy crisis

The price cap is due to increase from January 2023.

Quote:

The price cap is set to rise to an annual level of £4,279 in January 2023, but bill-payers remain protected under the government’s Energy Price Guarantee (EPG).

https://www.ofgem.gov.uk/publication...arantee%20(EPG).

Paul	16-12-2022 01:22

Re: The energy crisis

Quote:

Originally Posted by joglynne (Post 36141970)

The price cap is due to increase from January 2023.

https://www.ofgem.gov.uk/publication...arantee%20(EPG).

I mean the government cap (of £2,500) which is being used to set the current prices (the mentioned EPG).

joglynne

16-12-2022 10:43

Re: The energy crisis

The Liz Truss £2500 price cap was due to be in place from 1st October 2022 to April 2023.

In November the new Chancellor Jeremy Hunt extended the government’s energy price freeze until April 2024, with the 'average' household's cap increasing from £2,500 to £3,000.

also... https://commonslibrary.parliament.uk...ings/cbp-9491/

I know most of us on here understand that the cap is not the maximum amount that anyone can expect to pay but the following link (one of many) helps clarify that the cap is merely the amount calculated to be the expected annual energy cost for a typical average household in a 3 bedroom house. How long your piece of string is a totally different thing.

https://fullfact.org/economy/liz-tru...rice-cap-2500/

jfman

16-12-2022 11:42

Re: The energy crisis

I don’t think anyone would be disputing a price rise in April. It’s how it goes up a tiny fraction of a penny on an entirely unrelated date. Unless I’ve got Paul’s point wrong in which case I apologise for adding to the confusion!

joglynne

16-12-2022 12:09

Re: The energy crisis

Quote:

Originally Posted by jfman (Post 36141996)

I do try but I can't understand either.

All I know is that with my 2 year fix price contract with Octopus due to end next summer we are going to have to remortgage our house by the time our winter bills come in. As pensioners with a fixed income we still feel sqeezed by the cost of living rises and feel so sorry for those people who are so much more worse off than we are.

jfman

16-12-2022 13:19

Re: The energy crisis

Quote:

Originally Posted by joglynne (Post 36142001)

Sorry if it came across as having a go, that wasn’t intended. Thanks for having a go at navigating it. :)

joglynne

16-12-2022 13:29

Re: The energy crisis

Quote:

Originally Posted by jfman (Post 36142010)

Sorry if it came across as having a go, that wasn’t intended. Thanks for having a go at navigating it. :)