The energy crisis

Originally Posted by nomadking

Why not? If the costs to the suppliers has gone up, then the money has to come from somewhere.

The charge is basically just a tax on having a meter, regardless of use.
The whole "infrastructure" excuse has been exposed as just nonsense now.
My electricity standing charge almost doubled, I'm quite sure the cost of distributing that electricity did not.

---------- Post added at 13:18 ---------- Previous post was at 13:16 ----------

Households will see a discount of £66 applied to their energy bills in October and November, and £67 a month from December to March 2023.

Great, so they will of course be reducing my Direct Debit by £66 for six months ...

Originally Posted by nomadking

WHOSE profits? Are the distribution companies making "vastly increased profits? NO. otherwise Ofgem wouldn't have increased the standing charge cap.

Western Power Distribution

The power generators and suppliers like EDF, Shell, and Centrica…

[nomadking]

Originally Posted by Paul

The charge is basically just a tax on having a meter, regardless of use.
The whole "infrastructure" excuse has been exposed as just nonsense now.
My electricity standing charge almost doubled, I'm quite sure the cost of distributing that electricity did not.

---------- Post added at 13:18 ---------- Previous post was at 13:16 ----------


Great, so they will of course be reducing my Direct Debit by £66 for six months ...

So which distribution companies are making "vastly increased profits?
Link

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.

---------- Post added at 13:40 ---------- Previous post was at 13:36 ----------

Originally Posted by Hugh

The power generators and suppliers like EDF, Shell, and Centrica…

Shell and Centrica are NOT suppliers.
EDF had a 6 month loss of £4.4bn.

Originally Posted by nomadking

So which distribution companies are making "vastly increased profits?

Since I made no mention of profits, why are you asking me ?

Originally Posted by nomadking

So which distribution companies are making "vastly increased profits?
Link



---------- Post added at 13:40 ---------- Previous post was at 13:36 ----------


Shell and Centrica are NOT suppliers.
EDF had a 6 month loss of £4.4bn.

You are employing casuistry - they are the Parent Companies of Energy suppliers; I am a Shell Energy customer, which is wholly owned by Shell.

From Shell Energy website

https://www.shellenergy.co.uk/blog/p...ancial-results

we want to reassure our customers that we’re here for the long term with the backing of Shell.

Originally Posted by nomadking

Eg Western Power Distribution is the Electrical distributor for the Midlands, South Wales, and the South West. They will be the ones setting the distribution costs for those areas.

Wrong.

The regional DNOs operate local monopolies and as such are highly regulated. Ofgem requires each DNO to submit a business plan and to demonstrate how the plan meets certain criteria around investment, value for money etc. Ofgem approves the plan and scrutinises the DNO’s performance against it. At the conclusion of each control period the process repeats.

Therefore the distribution cost is the result of a very detailed process in which the regulator has very significant input. To say that any DNO is “setting the distribution costs” for its area is simplistic to the point of being misleading.

[nomadking]

Originally Posted by Hugh

You are employing casuistry - they are the Parent Companies of Energy suppliers; I am a Shell Energy customer, which is wholly owned by Shell.

From Shell Energy website

https://www.shellenergy.co.uk/blog/p...ancial-results

They are LEGALLY separate companies. Income that Shell makes from selling to other countries has nothing to with Shell Energy. What about all the other suppliers that have absolutely no connection to Shell?

[Mr K]

Never mind all going to a good home - my Shell dividends
Thank God my old man was a Tory and bequeathed them .. Doing very nicely.

[Julian]

Octopus look to take over Bulb

[nomadking]

Bulb, with 1.6 million customers, was the biggest firm to go bust but Ofgem estimates that the cost of all the other energy companies which collapsed in 2021 could reach £2.7bn - or £94 per customer. It includes the cost of transferring customers from failed energy providers to new firms.


The £2.7bn figure is in addition to the billions of pounds earmarked for Bulb which, according to the National Audit Office, has already seen the government spend £900m to keep the company running.

That's where the bulk of the standing charge increase has gone. Bulb is likely to cost over £2bn, on top of the £2.7bn on others.

[papa smurf]

Moment wind turbine catches fire and sends acrid black smoke billowing across city as firefighters battle the blaze

Environmentally friendly


https://www.dailymail.co.uk/news/art...wing-city.html

Some interesting bits of info ;

Nearly 120 wind turbines catch fire each year in the UK, according to research in 2014 - ten times the number reported by the industry.

The figures, compiled by engineers at Imperial College London and the University of Edinburgh, make fire the second-largest cause of accidents after blade failure.

It also takes about 4 years to get the money back on building them.

Each wind turbine costs more than £2 million and generates an estimated income of more than £500,000 per year.

A standard 2MW generator could (in theory) power about 2000 homes for a year (assuming a years supply of wind ...)

[Gavin78]

As per many we just about manage, we went from £113 a month duel fuel to £196 a month in April.

By April next year Sky news has reported that it could now be as high as £4430 thats around £370 a month no way can I afford that kind of payment and this is providing the energy companies don't add there own top up on top of this. As the Gov has said average current household is paying about £164 but mine is higher so it could be as high as £400 a month. My daughters afterschool club fees alone are nearly £500 a month. Me and the wife bring home around £2700 a month after tax and insurance etc so £900 could be just on 2 things.

My eldest daughter is 21 this year I wanted to get her a car so she can travel to uni and back. nothing brandnew but something nice but I can't see that happening the way things are going at the moment we are just about managing to get from month to month

[GrimUpNorth]

Originally Posted by Gavin78

As per many we just about manage, we went from £113 a month duel fuel to £196 a month in April.

By April next year Sky news has reported that it could now be as high as £4430 thats around £370 a month no way can I afford that kind of payment and this is providing the energy companies don't add there own top up on top of this. As the Gov has said average current household is paying about £164 but mine is higher so it could be as high as £400 a month. My daughters afterschool club fees alone are nearly £500 a month. Me and the wife bring home around £2700 a month after tax and insurance etc so £900 could be just on 2 things.

My eldest daughter is 21 this year I wanted to get her a car so she can travel to uni and back. nothing brandnew but something nice but I can't see that happening the way things are going at the moment we are just about managing to get from month to month

For what it's worth, I feel for you and everyone else with the same worries.

[1andrew1]

The CBI gets the urgency of the situation.

Head of CBI urges Boris Johnson to offer immediate help with energy bills

Tony Danker says waiting until after Tory leadership vote is too late for Britons facing ‘terrifying’ price rises

The head of the Confederation of British Industry has called on Boris Johnson to take immediate action to help people with soaring energy bills, warning that putting it off until after the Conservative leadership vote would be too late.

Tony Danker told BBC Radio 4’s Today programme that Johnson “needs to say something to the country to reassure people about what will happen” ahead of Ofgem’s announcement of “terrifying” price rises on 26 August.

When the new prime minister is chosen on 5 September, they “need to tell us what will happen, not put it off for a couple of weeks while they do preparations for the emergency budget”, he said.

It came as energy analysts Cornwall Insight said energy bills would rise by about £200 more than it previously thought between October and November and increase even further in January.

The energy consultancy said typical household bills would reach approximately £3,582 a year. It then forecast bills at £4,266 from January and £4,427 from April. The cap is then expected to start falling, down to £3,810 in the three months from July and £3,781 from October next year.

https://www.theguardian.com/business...p-energy-bills