Energy prices - what 'just' happened??
Discussion
As a serial energy tart I usually jump ship each year to get the best deal
Having just spent the morning on the phone and internet I have realised that there has been a massive increase in energy costs since this time last year
Im currently with Sainsburys who's best dual fuel deal now costs an extra 50% over my current plan
The best available - none of which are companies Ive ever heard of - are coming in at an extra 25% per year
When and why did this happen?
And can I be the first to play the 'brexit' card
I'm just coming off a deal that expires tomorrow so set up a aswitch a few weeks ago and was shocked by the increase - cheapest coming up on comparison sites (including the deals they can't switch you to) is about +40%. I always use the same gas and elec consumption figures so I can see a true comparison.
Tariffs are chopping and changing too. I missed out on a "V3" version of a deal as it had been withdrawn and the supplier had gone back to the "V2" version - same unit charges but higher standing charges - made £60 difference
I don't get why various press articles are talking about 15-20% increases (as above, generally blamed on mooted caps) when the increase appears to be far higher.
Tariffs are chopping and changing too. I missed out on a "V3" version of a deal as it had been withdrawn and the supplier had gone back to the "V2" version - same unit charges but higher standing charges - made £60 difference
I don't get why various press articles are talking about 15-20% increases (as above, generally blamed on mooted caps) when the increase appears to be far higher.
I took a punt on a 3yr fixed deal earlier this year. It wasn't the cheapest of all the deals but not far off but at least let me know where I'd be for 3yrs. Even though there has been an energy rise I don't expect the provider will have been caught short offering what it did.
On a separate matter, is there a way of challenging excessive charges/metering? Daughter has just come out of a maisonette all electric flat. Since Oct last year she's been paying £33pm and as of this month as she's moved out they want an additonal £600 of what they say is 'used' electricity. On the phone they admitted that can't be right but are now sticking to their guns. I doubt a cannabis farm would use that much especially as there's only one small room plus bathroom and kitchen.
On a separate matter, is there a way of challenging excessive charges/metering? Daughter has just come out of a maisonette all electric flat. Since Oct last year she's been paying £33pm and as of this month as she's moved out they want an additonal £600 of what they say is 'used' electricity. On the phone they admitted that can't be right but are now sticking to their guns. I doubt a cannabis farm would use that much especially as there's only one small room plus bathroom and kitchen.
Here's a graph of Brent Crude in Sterling - so it captures both the Brexit effect and the oil price which has increased (in USD) over the last year.
http://www.indexmundi.com/commodities/?commodity=c...
Must be part of the story at least - although I also don't recall the end user energy prices plumetting in 2014
http://www.indexmundi.com/commodities/?commodity=c...
Must be part of the story at least - although I also don't recall the end user energy prices plumetting in 2014
Jambo85 said:
Here's a graph of Brent Crude in Sterling - so it captures both the Brexit effect and the oil price which has increased (in USD) over the last year.
http://www.indexmundi.com/commodities/?commodity=c...
Must be part of the story at least - although I also don't recall the end user energy prices plumetting in 2014
Here's a chart of wholesale prices: http://www.energybrokers.co.uk/electricity/histori...http://www.indexmundi.com/commodities/?commodity=c...
Must be part of the story at least - although I also don't recall the end user energy prices plumetting in 2014
£ / MWh
Hoofy said:
Wasn't Corbin talking about capping prices or something? That's why they're moving them up so if they're capped, it doesn't matter to the energy companies.
It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Excellent. Man who PH insists can never become P.M. blamed for energy companies avarice when he becomes P.M. It's a bit like telling everyone you're going to sell your gold supply before you sell it.
nyt said:
Jambo85 said:
Here's a graph of Brent Crude in Sterling - so it captures both the Brexit effect and the oil price which has increased (in USD) over the last year.
http://www.indexmundi.com/commodities/?commodity=c...
Must be part of the story at least - although I also don't recall the end user energy prices plumetting in 2014
Here's a chart of wholesale prices: http://www.energybrokers.co.uk/electricity/histori...http://www.indexmundi.com/commodities/?commodity=c...
Must be part of the story at least - although I also don't recall the end user energy prices plumetting in 2014
£ / MWh
Eddie Strohacker said:
Hoofy said:
Wasn't Corbin talking about capping prices or something? That's why they're moving them up so if they're capped, it doesn't matter to the energy companies.
It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Excellent. Man who PH insists can never become P.M. blamed for energy companies avarice when he becomes P.M. It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Hoofy said:
Wasn't Corbin talking about capping prices or something? That's why they're moving them up so if they're capped, it doesn't matter to the energy companies.
It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Yeah, because those Tories would never have a policy on energy price caps...It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Jambo85 said:
nyt said:
Jambo85 said:
Here's a graph of Brent Crude in Sterling - so it captures both the Brexit effect and the oil price which has increased (in USD) over the last year.
http://www.indexmundi.com/commodities/?commodity=c...
Must be part of the story at least - although I also don't recall the end user energy prices plumetting in 2014
Here's a chart of wholesale prices: http://www.energybrokers.co.uk/electricity/histori...http://www.indexmundi.com/commodities/?commodity=c...
Must be part of the story at least - although I also don't recall the end user energy prices plumetting in 2014
£ / MWh
Here's a smoother chart: http://www.wrap.org.uk/content/electricity-spot-pr...
I think the point above about fear of a cap is probably pertinent. In addition there seems to be absolutely nothing to stop them charging whatever they like. The large providers can raise their prices knowing that the smaller providers will soon follow resulting in no incentive for users to switch providers.
Trabi601 said:
Hoofy said:
Wasn't Corbin talking about capping prices or something? That's why they're moving them up so if they're capped, it doesn't matter to the energy companies.
It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Yeah, because those Tories would never have a policy on energy price caps...It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Eddie Strohacker said:
Hoofy said:
Wasn't Corbin talking about capping prices or something? That's why they're moving them up so if they're capped, it doesn't matter to the energy companies.
It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Excellent. Man who PH insists can never become P.M. blamed for energy companies avarice when he becomes P.M. It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Edit - oops, too late!
Hoofy said:
Trabi601 said:
Hoofy said:
Wasn't Corbin talking about capping prices or something? That's why they're moving them up so if they're capped, it doesn't matter to the energy companies.
It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Yeah, because those Tories would never have a policy on energy price caps...It's a bit like telling everyone you're going to sell your gold supply before you sell it.
Frankstar123 said:
In the same boat, moving from Sainsbury's fixed deal ending in June is going to cost by +40%.
Been reading around, it appears once Tories started talking about price cap the suppliers have started to push their prices up.
Likewise, i was shocked by Sainsburys enery current prices and the comparison websites aren't throwing up obvious candidates either.Been reading around, it appears once Tories started talking about price cap the suppliers have started to push their prices up.
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