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Energy firms facing price review
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=11617		 Page 1 of 1
Author:  Spreadie [ Fri Nov 26, 2010 9:09 am ]
Post subject:  Energy firms facing price review
Quote:
Energy firms facing gas and electricity price review

Ofgem is to investigate recent energy price rises, as it says they have significantly widened suppliers' profit margins.

The watchdog said that the net profit margin of £65 per typical customer in September was now £90, a 38% rise.

http://www.bbc.co.uk/news/business-11842686

About fookin time someone had a look at this. Not that anything will happen.
Author:  belchingmatt [ Fri Nov 26, 2010 9:17 am ]
Post subject:  Re: Energy firms facing price review
How do the values mentioned relate to overall cost?
Author:  Amnesia10 [ Fri Nov 26, 2010 9:35 am ]
Post subject:  Re: Energy firms facing price review
I doubt that anything will come of this. The regulator will fall for the BS that will mean that the public will get ripped off still further.
Author:  pcernie [ Fri Nov 26, 2010 10:17 am ]
Post subject:  Re: Energy firms facing price review
We'll probably get the usual crap about 'forward buying' :evil:
Author:  Amnesia10 [ Fri Nov 26, 2010 10:31 am ]
Post subject:  Re: Energy firms facing price review
pcernie wrote:
We'll probably get the usual crap about 'forward buying' :evil:

Yes but the energy companies do not do that so how can they claim that? The Europeans do forward buy but they have huge storage capacity we do not.
Author:  pcernie [ Fri Nov 26, 2010 1:10 pm ]
Post subject:  Re: Energy firms facing price review
Amnesia10 wrote:
pcernie wrote:
We'll probably get the usual crap about 'forward buying' :evil:

Yes but the energy companies do not do that so how can they claim that? The Europeans do forward buy but they have huge storage capacity we do not.


They certainly do with gas - Centrica (? British Gas I believe?) lost loads of customers and still turned a profit selling what they'd 'forward bought', for one...
Author:  big_D [ Sat Nov 27, 2010 9:44 am ]
Post subject:  Re: Energy firms facing price review
We've just been notified, there is a 75% increase in electricity prices! :shock:
Author:  steve74 [ Sat Nov 27, 2010 12:41 pm ]
Post subject:  Re: Energy firms facing price review
big_D wrote:
We've just been notified, there is a 75% increase in electricity prices! :shock:

:shock:
You sure they didn't miss out a decimal point there?!!
7.5%?
Author:  big_D [ Sat Nov 27, 2010 3:03 pm ]
Post subject:  Re: Energy firms facing price review
steve74 wrote:
big_D wrote:
We've just been notified, there is a 75% increase in electricity prices! :shock:

:shock:
You sure they didn't miss out a decimal point there?!!
7.5%?

Nope, going up from 2c to 3.5c a unit!
Author:  rustybucket [ Sat Nov 27, 2010 3:12 pm ]
Post subject:  Re: Energy firms facing price review
big_D wrote:
We've just been notified, there is a 75% increase in electricity prices! :shock:

Image

Fook Mi. :shock:
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