Re: The energy crisis
 

The prices the suppliers pay, HASN'T gone down yet.:rolleyes:

Just as customers on a fixed rate deal can be paying less or more, for that period of time.

Re: The energy crisis
 

Their profits haven’t gone down either. All reward no risk.

Re: The energy crisis
 

it is the estimated increase in the price cap. They are figures from a company has said and publicised by Martin Lewis. They are based on the cost and changes as the cost does

---------- Post added at 23:16 ---------- Previous post was at 23:15 ----------

Incidentally Octopus has changed it forecast and that looks incredibly bleak also

Re: The energy crisis
 

What profits are the suppliers making, NOT the parent companies?
How come other countries around the world are also having gas price increases?

Re: The energy crisis
 

A pointless and arbitrary distinction.

I’m not sure how this goes against my point of all reward, no risk.

Re: The energy crisis
 

The parent companies earn money from all around the world, and from various activities. Any profits the parent companies make, do not belong to the supplier companies, unless the profits are from the supplier company. If would be unfair competition, if a large multinational could use profits from elsewhere to undercut their competitors.

So they are all working in concert? What supposedly massive profits are the supplier companies making?
Octopus 2021 £85m LOSS.
SSE/OVO 2020 £7m LOSS
EDF 2020 £154m LOSS

During the height of covid, in one US oil market, the price was negative, ie they would pay you to take the oil. Not always a reward.

Re: The energy crisis
 

Well Octopus seem to moving ahead in increasing their share of the UK energy supply market, so they must see it as a market worth being in.

Re: The energy crisis
 

So they offshore the profits into parent companies to reduce tax liability?

I’m not sure this is the quick win you thought it was when you took to the keyboard.

Are they all working in concert? Potentially. However the market is so fundamentally flawed they could independently be price gouging consumers because rationally - with no risk - they can maximise their profits that are completely unlinked to the cost of energy supply.

Re: The energy crisis
 

captured market now and the price cap being what it is and covering increases they see it as a winner

They bought a lot in advance when it was cheap so did not fall foul of the price rises and all their customers on deals and them having to buy in energy at increased prices. They played the game well

Re: The energy crisis
 

It would still appear in their accounts as profits, and UK tax would be paid on any profits. After that, any profits left may be transferred to the parent company as they own it.
Where is the evidence that the suppliers are making massive profits?

Re: The energy crisis
 

You are deliberately interpreting posts with the narrow scope of suppliers - the last actor in the supply chain - rather than considering the energy sector as a whole.

Re: The energy crisis
 

It's the companies that extract the gas and oil that are making a killling. Some of these are also suppliers but that business isn't making much money as evidenced by companies that only supply going to the wall.

Re: The energy crisis
 

They ARE NOT making a "killing" by design or choice. Still completely nothing to do with the cost of energy to our homes. The suppliers ARE NOT making massive profits that can be magically redistributed to the customers.
Yet to see evidence to the contrary.
All articles on the issue tend to include parent companies and groups, not the supplier companies in isolation. Misleading by the media, as usual.

Re: The energy crisis
 

You mean like the 30 or so "suppliers" that went bust in the last year or so because suppliers are clearly not making any profits.

Seems more like you are deliberately interpreting parent company profits as theirs, when they are not.

Re: The energy crisis
 

too put it in the most simplest of terms it is the suppliers of the suppliers that are making the profit hahaha