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Energy firms' profit margins soar
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Old 16-10-2011, 18:23   #31
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Re: Energy firms' profit margins soar

Quote:
Originally Posted by Hugh View Post
erm, no...

Basic debating 101 - the proposer of a position provides proof of his statement, which can then be debated; it is not for others to disprove the thesis, but to discuss the evidence.

(Maybe you are a invading space alien, who has taken on human form to help your plans to take over our planet - can you prove you have not....)
You called???
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Old 16-10-2011, 21:46   #32
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Re: Energy firms' profit margins soar

Quote:
Originally Posted by Maggy J View Post
http://www.bbc.co.uk/news/business-15302723



That's one hell of a hike in price.I hadn't realised how bad it had got.
good for revealing the figures but thats it.

ofgem are toothless, simply making them simplify ripoff prices wont achieve anything.
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Old 16-10-2011, 23:00   #33
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Re: Energy firms' profit margins soar

The story is misleading.
Quote:
The figure is a snapshot of how much suppliers would make from dual-fuel customers if energy prices and bills stayed unchanged for the next year.
Also.
Quote:
The profit margin is a volatile measure, and indeed showed the providers losing money for much of the time from 2004 to 2009.
Which means even an extremely small profit will see the % increase to be large.
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Old 16-10-2011, 23:04   #34
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Re: Energy firms' profit margins soar

Quote:
Originally Posted by Hugh View Post
erm, no...

Basic debating 101 - the proposer of a position provides proof of his statement, which can then be debated; it is not for others to disprove the thesis, but to discuss the evidence.
We're just a forum Hugh. not a court of law

and he did say maybe (suggestion, a thought, guess) just in 2 words.
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Old 16-10-2011, 23:16   #35
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Re: Energy firms' profit margins soar

Lets cut the off topic rubbish and stick to the subject.
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Old 17-10-2011, 00:17   #36
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Re: Energy firms' profit margins soar

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Originally Posted by nomadking View Post
The story is misleading.
Also.
Which means even an extremely small profit will see the % increase to be large.
both are misleading.

eg. centrica owns british gas and when british gas was losing money centrica was making profits far exceeding british gas losses.
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Old 17-10-2011, 00:50   #37
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Re: Energy firms' profit margins soar

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Originally Posted by Chrysalis View Post
both are misleading.

eg. centrica owns british gas and when british gas was losing money centrica was making profits far exceeding british gas losses.
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.
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Old 17-10-2011, 05:08   #38
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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.
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Old 17-10-2011, 08:39   #39
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Re: Energy firms' profit margins soar

I don't care who is profiteering I just want them to stop.
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Old 17-10-2011, 08:58   #40
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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
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Old 17-10-2011, 10:02   #41
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Re: Energy firms' profit margins soar

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Originally Posted by martyh View Post
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
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.
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Old 17-10-2011, 10:49   #42
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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?

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.
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Old 17-10-2011, 12:50   #43
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Re: Energy firms' profit margins soar

Quote:
Originally Posted by Maggy J View Post
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?

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.
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Old 24-10-2011, 11:44   #44
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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.
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Old 24-10-2011, 12:46   #45
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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????
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