Re: Rising cost of living
 

Another post:

I have no way of verifying these numbers but I see no real advantage in faking this.

Re: Rising cost of living
 

Given these type of energy quotes would apply to the vast majority of businesses unless something radical is done very quickly l can foresee a tsunami of business closures.

Re: Rising cost of living
 

They must have been on a good deal before.

Wholesale electricity used to bounce around a bit between 4p and 9p per kwh.
Then in Sept 2021 it rose a bit, and for the next 9 months, bounced around again, mostly between 12p and 20p (with a couple of 35p peaks).
In July 2022 it started to steadily rise, reaching 55p last week. Atm, its dropped to 33p.

https://www.cableforum.uk/board/atta...chmentid=30109

Re: Rising cost of living
 

Agreed - time is of the essence.

Re: Rising cost of living
 

Panic-buying was evident in a local supermarket. Shelves stripped of toilet paper, canned goods, flour, bottled water, pasta, and many other items. I thought it was a problem with restocking until I looked around the car park and saw many cars and vans being loaded from multiple trolleys.

I often buy new winter quilts around this time. I had to climb to the top of shelving to get the last 13.5tog ones. The stock shelves had only 8tog ones left.

Re: Rising cost of living
 

Something is not quite right then:

https://twitter.com/EdwardsofConwy/s...55345170731008

https://www.cableforum.uk/images/local/2022/09/1.jpg

Re: Rising cost of living
 

There's also a likely hike in standing charges to consider as well, to bail out the likes of Bulb.

Re: Rising cost of living
 

Because domestic energy has a cap, could it be businesses are being forced to make up the shortfall for energy companies?

Re: Rising cost of living
 

Very probably. They have to pay their bills to the wholesalers. The energy market is very convoluted, with daily prices, week-ahead, month-ahead, etc. You have to be a bit of a soothsayer to get the best deals.

Re: Rising cost of living
 

any chance you can shrink this image but it is blowing up my browser :)

Re: Rising cost of living
 

105p per KW is bad enough (and OTT) but a standing charge £59 per day (!) - someone is taking the pee.

Re: Rising cost of living
 

And if this is widespread it's only going to end badly for many many companies.

Re: Rising cost of living
 

Another post from a small restaurant owner:

https://www.cableforum.uk/images/local/2022/09/2.jpg

Re: Rising cost of living
 

Who is making all the money from these hikes.

Re: Rising cost of living
 

Mainly those getting the stuff out of the ground. The rest are just percentage merchants and as we've seen some of those got it wrong and went to the wall.