Re: Energy firms' profit margins soar
 

You called??? ;):D

Re: Energy firms' profit margins soar
 

good for revealing the figures but thats it.

ofgem are toothless, simply making them simplify ripoff prices wont achieve anything.

Re: Energy firms' profit margins soar
 

The story is misleading.
Also.
Which means even an extremely small profit will see the % increase to be large.

Re: Energy firms' profit margins soar
 

We're just a forum Hugh. not a court of law ;)

and he did say maybe (suggestion, a thought, guess) just in 2 words.

Re: Energy firms' profit margins soar
 

Re: Energy firms' profit margins soar
 

both are misleading.

eg. centrica owns british gas and when british gas was losing money centrica was making profits far exceeding british gas losses.

Re: Energy firms' profit margins soar
 

Centrica doesn't just operate in the UK and doesn't just supply retail gas/electricity, so you have to only look at any profits Centrica made in the UK from retail energy supply.

Re: Energy firms' profit margins soar
 

Centrica are a wholesaler not retail.

They can artifically supply it to british gas at high cost so the profits for british gas are artifically low.

Re: Energy firms' profit margins soar
 

I don't care who is profiteering I just want them to stop.

Re: Energy firms' profit margins soar
 

Well Chris Huhne got a bit of a pasting on sky news this morning because all he said was that basically it's our respnsibility to "check ,switch and insulate" .So we have to fork out a shed load money that will take years to get back and spend all our time constantly switching suppliers for no real gain because they are all priced the same anyway ,but at least it will get the government off the hook because they have no power to force the energy companies to do anything anyway

Re: Energy firms' profit margins soar
 

Basically the same as the spokesperson from MSE said a few days ago. Those who are paying the high prices/fuelling the profits are people who do not switch and people on PAYG meters.

Re: Energy firms' profit margins soar
 

Well comparing like for like when they have such complicated tariffs and when they don't even tell customers who ask what their cheaper tariffs are, who can actually make a really informed choice?
:rant:
Good for Ofgen for trying but basically none of the consumer ombudsman have any teeth so we are all basically stuffed whatever service we consider.

Just about the only one that can do anything is Ofsted and that's because they are dealing with the only service that is mainly still in the public domain.:rant:

Re: Energy firms' profit margins soar
 

:clap:

Re: Energy firms' profit margins soar
 

wasnt sure to put here or inflation thread but here goes.

Got bill today.

I am currently paying £60 combined a month for my electric and gas and live on my own in a 1 bed flat, to me thats an extorniote cost for gas and electric. My balance is they only owe me about £100 so the overpayment over the course of the year isnt a lot.

Since its a 6 month bill I can see the effect of the price rise. Its worse on electric.

Electric before 14 sept I was paying 10.94p a unit and after sept 14 its 11.64p a unit. A .7p unit increase thats approx without using a calc about 6-7% increase I think. On top of this the standing charge has gone from 7.2p for a 150 day period to 13.2p for a 35 day period. That looks to be a huge increase. Almost doubling of price. For the 5 month period before the increase the standing charge was £11 so approx £2.20 a month now its nearer £4 a month.

Re: Energy firms' profit margins soar
 

I think you'll find these price hikes are being used to pay for bankers bonuses, how much longer must we put with this????