02-09-2022, 12:14
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#481
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cf.mega poster
Join Date: Feb 2012
Posts: 4,441
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Re: Rising cost of living
Another post:
Quote:
Email this morning from a grassroots music venue who received their new energy quote yesterday.
Previous bill: £10,000.
New Bill: £144,000.
They are handing the keys back to the landlord. Today.
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I have no way of verifying these numbers but I see no real advantage in faking this.
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02-09-2022, 12:30
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#482
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Still alive and fighting
Join Date: Jun 2007
Location: In the land of beyond and beyond.
Services: XL BB, 3 360 boxes , XL TV.
Posts: 56,353
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Re: Rising cost of living
Quote:
Originally Posted by ianch99
Another post:
I have no way of verifying these numbers but I see no real advantage in faking this.
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Given these type of energy quotes would apply to the vast majority of businesses unless something radical is done very quickly l can foresee a tsunami of business closures.
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“The only lesson you can learn from history is that it repeats itself”
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02-09-2022, 13:11
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#483
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,876
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Re: Rising cost of living
Quote:
Originally Posted by ianch99
I have no way of verifying these numbers but I see no real advantage in faking this.
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They must have been on a good deal before.
Wholesale electricity used to bounce around a bit between 4p and 9p per kwh.
Then in Sept 2021 it rose a bit, and for the next 9 months, bounced around again, mostly between 12p and 20p (with a couple of 35p peaks).
In July 2022 it started to steadily rise, reaching 55p last week. Atm, its dropped to 33p.
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02-09-2022, 14:54
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#484
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cf.mega poster
Join Date: Dec 2013
Posts: 14,295
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Re: Rising cost of living
Quote:
Originally Posted by denphone
Given these type of energy quotes would apply to the vast majority of businesses unless something radical is done very quickly l can foresee a tsunami of business closures.
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Agreed - time is of the essence.
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02-09-2022, 15:08
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#485
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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: 9,845
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Re: Rising cost of living
Panic-buying was evident in a local supermarket. Shelves stripped of toilet paper, canned goods, flour, bottled water, pasta, and many other items. I thought it was a problem with restocking until I looked around the car park and saw many cars and vans being loaded from multiple trolleys.
I often buy new winter quilts around this time. I had to climb to the top of shelving to get the last 13.5tog ones. The stock shelves had only 8tog ones left.
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02-09-2022, 15:35
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#486
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cf.mega poster
Join Date: Feb 2012
Posts: 4,441
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Re: Rising cost of living
Quote:
Originally Posted by Paul
They must have been on a good deal before.
Wholesale electricity used to bounce around a bit between 4p and 9p per kwh.
Then in Sept 2021 it rose a bit, and for the next 9 months, bounced around again, mostly between 12p and 20p (with a couple of 35p peaks).
In July 2022 it started to steadily rise, reaching 55p last week. Atm, its dropped to 33p.
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Something is not quite right then:
https://twitter.com/EdwardsofConwy/s...55345170731008
Quote:
Last year I spent £129,000 on #energy I received this quote yesterday for £782,011. £2,500 a week to £15,000 a week!
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02-09-2022, 16:29
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#487
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cf.mega poster
Join Date: Dec 2013
Posts: 14,295
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Re: Rising cost of living
Quote:
Originally Posted by Paul
They must have been on a good deal before.
Wholesale electricity used to bounce around a bit between 4p and 9p per kwh.
Then in Sept 2021 it rose a bit, and for the next 9 months, bounced around again, mostly between 12p and 20p (with a couple of 35p peaks).
In July 2022 it started to steadily rise, reaching 55p last week. Atm, its dropped to 33p.
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There's also a likely hike in standing charges to consider as well, to bail out the likes of Bulb.
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02-09-2022, 16:36
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#488
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Architect of Ideas
Join Date: Dec 2004
Posts: 10,476
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Re: Rising cost of living
Because domestic energy has a cap, could it be businesses are being forced to make up the shortfall for energy companies?
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02-09-2022, 16:59
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#489
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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: 9,845
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Re: Rising cost of living
Quote:
Originally Posted by jfman
Because domestic energy has a cap, could it be businesses are being forced to make up the shortfall for energy companies?
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Very probably. They have to pay their bills to the wholesalers. The energy market is very convoluted, with daily prices, week-ahead, month-ahead, etc. You have to be a bit of a soothsayer to get the best deals.
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02-09-2022, 18:20
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#490
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Just a Geek
Join Date: Jul 2015
Posts: 3,635
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Re: Rising cost of living
Quote:
Originally Posted by Paul
They must have been on a good deal before.
Wholesale electricity used to bounce around a bit between 4p and 9p per kwh.
Then in Sept 2021 it rose a bit, and for the next 9 months, bounced around again, mostly between 12p and 20p (with a couple of 35p peaks).
In July 2022 it started to steadily rise, reaching 55p last week. Atm, its dropped to 33p.
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any chance you can shrink this image but it is blowing up my browser
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02-09-2022, 20:25
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#491
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,876
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Re: Rising cost of living
Quote:
Originally Posted by ianch99
Something is not quite right then:
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105p per KW is bad enough (and OTT) but a standing charge £59 per day (!) - someone is taking the pee.
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02-09-2022, 20:32
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#492
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cf.mega poster
Join Date: Jan 2008
Location: Up North - Where It's Grim
Age: 56
Posts: 2,351
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Re: Rising cost of living
Quote:
Originally Posted by Paul
105p per KW is bad enough (and OTT) but a standing charge £59 per day (!) - someone is taking the pee.
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And if this is widespread it's only going to end badly for many many companies.
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02-09-2022, 22:35
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#493
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cf.mega poster
Join Date: Feb 2012
Posts: 4,441
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Re: Rising cost of living
Another post from a small restaurant owner:
Quote:
my current energy bill for my tiny 22 cover restaurant is £2,928 a year. This is my new quote. Unsure what to actually do next but as a business that cost would now be more than I pay in rent and more than I take some months. I simply don’t have the money for this.
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03-09-2022, 14:53
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#494
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cf.addict
Join Date: Apr 2022
Location: Kent
Age: 67
Services: 1 gig broadband
Posts: 103
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Re: Rising cost of living
Who is making all the money from these hikes.
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03-09-2022, 15:06
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#495
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Perfect Soldier
Join Date: Mar 2009
Location: Worthing West Sussex
Age: 67
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Posts: 11,014
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Re: Rising cost of living
Quote:
Originally Posted by richard-john56
Who is making all the money from these hikes.
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Mainly those getting the stuff out of the ground. The rest are just percentage merchants and as we've seen some of those got it wrong and went to the wall.
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