Re: Energy companies collapse
 

there is a good chance a fair few of that 20% can soak up the costs

Re: Energy companies collapse
 

There is a good chance a fair few of that 20% are on fixed incomes, such as pensioners…

Re: Energy companies collapse
 

then they will get the winter fuel payment and if in need the WHD too...

As it is now my energy bills are 17-18% of my income after April it will be nearer 22-23% unless I go cold and cut back on electric more than I already have had too. Anyone in my position and those worse off than me are going to really struggle if this continues. I hope and pray everyone that needs support can get support

Re: Energy companies collapse
 

Ownership is the only reason this happened :dunce:

https://www.theguardian.com/business...d-energy-bills

Re: Energy companies collapse
 

Really?

Not all pensioners are receiving their State Pension yet - I will receive mine in November this year, and my wife will receive hers in five and a half years time…

Re: Energy companies collapse
 

well as I said I hope and pray those that need help get help

Re: Energy companies collapse
 

So not nationalised, not even fully owned, not the only supplier, and not a gas supplier. So nothing to do with the status of British Gas.
How does that address the cost of gas and gas generated electricity?:confused:

Re: Energy companies collapse
 

I do hope I'm not subsidising French people's bills

Re: Energy companies collapse
 

Unlikely - the U.K. part of EDF is only 5% of their business.

Re: Energy companies collapse
 

My bet is most of us wont.
Councils will increase their tax by £150, so they will end up getting it, not us.

Re: Energy companies collapse
 

What on earth are you wittering on about? The French government have intervened, because they can, to cap rising energy bills by forcing EDF to sell electricity generated by its fleet of nuclear reactors to rival home suppliers at well below the current record high market prices. It is not a difficult concept to grasp.

---------- Post added at 09:16 ---------- Previous post was at 09:14 ----------

You will be if it is possible. That is the way the free market works.

Re: Energy companies collapse
 

The gas and gas generated electricity bills will still increase. The French government is still going to compensate EDF, so it will still cost the French one way or the other.

The sub-topic was about British Gas and whether it should've been privatised in the first place. Seeing as 50% of the gas we use comes from outside the UK, prices would go up whatever way you look at it.

France and Spain are more reliant on nuclear power and less dependent on gas generated electricity than the UK.

Re: Energy companies collapse
 

https://www.telegraph.co.uk/business...surge-pricing/

It was only a matter of time. Smart meters never were for the customers benefit. I shall protect my nice old meters with my life ! ;)

Re: Energy companies collapse
 

Re: Energy companies collapse
 

been saying the same all along also