Will electricity prices start to kill off EV's?
Discussion
JonnyVTEC said:
Please stop with the data and information. It prevents all the frothing that powers this place.
Yep!20+ pages of debate about whether not something is actually cheaper or is it a clever way of being more expensive!!!??
Then a couple of bills hit the doormat, oh.. guess what. It was cheaper.
vladcjelli said:
By the way, if we accept that the cost to produce electricity has gone up, why has the cost to administer everything, our standing charge, gone up by so much at the same time?
Because the cost to bail out all the failed "providers" has been lumped onto everyones standing charge https://www.theguardian.com/money/2022/mar/06/why-...
From about halfway down.
theguardian said:
But a far bigger part of the increase is from the “supplier of last resort” scheme – every household is expected to pay the billions that have gone into rescuing customers from failed companies.
Last week, energy analysts at Cornwall Insight said they expected average annual dual-fuel bills could be as high as £2,900 come October.
“Regulatory changes ordered by Ofgem were already set to add around £30 to each customer’s standing charge,” says Andrew Enzor, managing consultant at Cornwall Insight. “Since then, there have been a wave of company failures, with each one requiring a bailout, the cost of which is being shared by all consumers.
Last week, energy analysts at Cornwall Insight said they expected average annual dual-fuel bills could be as high as £2,900 come October.
“Regulatory changes ordered by Ofgem were already set to add around £30 to each customer’s standing charge,” says Andrew Enzor, managing consultant at Cornwall Insight. “Since then, there have been a wave of company failures, with each one requiring a bailout, the cost of which is being shared by all consumers.
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