06-01-2022, 16:45
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#361
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cf.mega poster
Join Date: Jun 2003
Location: Kairdiff-by-the-sea
Age: 68
Services: TVXL BBXL Superhub 2ac (wired) 1Tb Tivo
Posts: 9,812
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Re: Energy companies collapse
Ofgem brought in the cap to stop utility companies making excess profits, at the expense of users. Now it's the producers that make the profits, at the expense of users.
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06-01-2022, 16:57
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#362
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cf.mega poster
Join Date: Jul 2004
Location: At the Leaving door
Posts: 4,050
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Re: Energy companies collapse
I don't think those who still have good old fashioned fire places will mind burning a tree or two for heat . . and if they have a 'back boiler' it's a bonus 
Germany decommissioning their Nuclear Power Stations earlier than intended will have a knock on effect for gas demand too I guess . . . lucky for Russia eh 
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06-01-2022, 17:47
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#363
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cf.addict
Join Date: Sep 2003
Location: Belfast
Services: Broadband Gig1
Posts: 273
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Re: Energy companies collapse
Quote:
Originally Posted by Carth
….lucky for Russia eh |
Those oligarchs just get richer eh?
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06-01-2022, 17:55
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#364
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Perfect Soldier
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 66
Services: VM 500M SH3 thingy
in modem mode
XL TV V6 Sony Bravia smart TV and M phone
Posts: 10,994
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Re: Energy companies collapse
Quote:
Originally Posted by bigsinky
Those oligarchs just get richer eh?
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Well if we'd got on with fracking and ignored the protesters then we might have a secure gas supply at a decent price. Environmentalists.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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06-01-2022, 17:56
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#365
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cf.mega poster
Join Date: Mar 2012
Posts: 4,096
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Re: Energy companies collapse
Quote:
Originally Posted by heero_yuy
Well if we'd got on with fracking and ignored the protesters then we might have a secure gas supply at a decent price. Environmentalists. |
This ^ ^
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06-01-2022, 18:00
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#366
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cf.addict
Join Date: Oct 2021
Posts: 113
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Re: Energy companies collapse
The way things are going we will have a renationalisation by a conservative government well until boris the buffoon can line up a few mates to sell it cheaply to.
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06-01-2022, 19:03
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#367
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Do I care what you think
Join Date: Jul 2006
Location: Cardiff South Wales
Age: 73
Services: V6 ,Virgin L. Phone Broadband.sky go Netflix
Posts: 4,274
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Re: Energy companies collapse crazy Dr rise
Ok so have used less and less energy over the last 3 years , solar panels etc. Have a fixed price taliff until may 23 . My account is in credit by a couple of £100 . Yet my supplier have yet again put up my DD . This is to protect my from the shock of the pending price increase ! At the same time refunding my credit balance . And we think virgin have lost the plot  just as well there isn't much interest on accounts these days.
__________________
No point in being pessimistic. You know it won`t work.
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07-01-2022, 09:45
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#368
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Hello !
Join Date: Mar 2004
Location: Somewhere
Services: Sky, AppleTV, Netflix
Posts: 16,633
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Re: Energy companies collapse
What would you do in my situation?
Currently on dual fuel and pay £114 per month fixed rate.
It comes to an end at end of the month.
Looking at other 1 year fixed rates is nearly double what I'm currently paying.
Should I go variable for time being? Though I hear that is hiking up prices too?
thankyou.
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07-01-2022, 09:47
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#369
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Perfect Soldier
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 66
Services: VM 500M SH3 thingy
in modem mode
XL TV V6 Sony Bravia smart TV and M phone
Posts: 10,994
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Re: Energy companies collapse
As I understand it at the moment the advice is to go on the capped standard tariff but review the situation when the cap is raised in April.
__________________
History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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07-01-2022, 09:53
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#370
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Hello !
Join Date: Mar 2004
Location: Somewhere
Services: Sky, AppleTV, Netflix
Posts: 16,633
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Re: Energy companies collapse
Yeah I guess that works. And also means I'm not tied into anything.
Would be good if there was a huge shakeup and costs went down again but I cant see that happening any time soon.
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07-01-2022, 09:54
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#371
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cf.mega poster
Join Date: Dec 2013
Posts: 14,231
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Re: Energy companies collapse
Quote:
Originally Posted by Halcyon
What would you do in my situation?
Currently on dual fuel and pay £114 per month fixed rate.
It comes to an end at end of the month.
Looking at other 1 year fixed rates is nearly double what I'm currently paying.
Should I go variable for time being? Though I hear that is hiking up prices too?
thankyou.
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The advice from Money Saving Expert includes:
Quote:
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If you're offered a fix that's no more than 40% costlier than your current price-capped tariff, it's worth considering - especially if you value budgeting certainty.
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See the full article here: https://www.moneysavingexpert.com/latesttip/#energy
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07-01-2022, 15:25
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#372
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cf.mega poster
Join Date: Jan 2008
Location: Up North - Where It's Grim
Age: 56
Posts: 2,344
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Re: Energy companies collapse
Quote:
Originally Posted by Halcyon
What would you do in my situation?
Currently on dual fuel and pay £114 per month fixed rate.
It comes to an end at end of the month.
Looking at other 1 year fixed rates is nearly double what I'm currently paying.
Should I go variable for time being? Though I hear that is hiking up prices too?
thankyou.
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Same situation here, we're going variable and waiting to see what happens.
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07-01-2022, 15:52
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#373
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cf.mega poster
Join Date: Dec 2013
Posts: 14,231
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Re: Energy companies collapse
Quote:
Originally Posted by GrimUpNorth
Same situation here, we're going variable and waiting to see what happens.
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Just a heads-up that the cap which takes effect from April will be announced next month, so you won't have long to wait.
The Ofgem site doesn't give a date. Last year's was published on 5th February so keep an eye out around then.
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07-01-2022, 18:55
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#374
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Do I care what you think
Join Date: Jul 2006
Location: Cardiff South Wales
Age: 73
Services: V6 ,Virgin L. Phone Broadband.sky go Netflix
Posts: 4,274
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Re: Energy companies collapse
Quote:
Originally Posted by 1andrew1
Just a heads-up that the cap which takes effect from April will be announced next month, so you won't have long to wait.
The Ofgem site doesn't give a date. Last year's was published on 5th February so keep an eye out around then.
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When I sign for mine it was just under the cap , would imagine that any new offer will be around the new cap . Who knows 
__________________
No point in being pessimistic. You know it won`t work.
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09-01-2022, 11:42
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#375
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cf.mega poster
Join Date: Dec 2013
Posts: 14,231
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Re: Energy companies collapse
Labour's Rache Reeves contributes some ideas to helping consumers.
Quote:
Labour shadow chancellor Rachel Reeves has proposed a package of measures to tackle the cost of living crisis and rising energy bills.
She is calling on the government to cut VAT on energy bills to save households £100 a year and is proposing a windfall tax on North Sea gas companies.
The tax on North Sea oil and gas is estimated to save most households £200 a year, Labour have said.
Former Tory energy minister Chris Skidmore has also backed the tax, saying: “A windfall tax - whether you call it that, or you want to call it a carbon tax, I would rather talk about - is how we achieve carbon tax for the future, is absolutely the right way to go.”
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https://www.msn.com/en-gb/news/brexi...?ocid=msedgntp
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