UK Energy Costs

[Neon Ignition]

Isn't that the flaw with the approach? That the actually providers are barely getting by and the actual record profit making giants are the real culprits. 1m people refusing to pay is a dent and bad for the immediately providers but it's not much of a noticeable blip for the main culprits who operate internationally and will still be bank rolling billions so are unlikely to even notice. To us it's a big statement but to them its nothing as the real impact isn't directly on them.

[huxley]

Yup and the press keep miss reporting this, and no one does anything to correct them.

[fishbowlhead]

Don’t worry guys we can all clap the poor warm this winter.

[Brad]

Isn't that the flaw with the approach? That the actually providers are barely getting by and the actual record profit making giants are the real culprits. 1m people refusing to pay is a dent and bad for the immediately providers but it's not much of a noticeable blip for the main culprits who operate internationally and will still be bank rolling billions so are unlikely to even notice. To us it's a big statement but to them its nothing as the real impact isn't directly on them.

The big guys need the providers to give them money and to partake in their racket. If their providers start defaulting and collapsing the our government will have to do something. We can't just bend over and take this.

[Nu-Eclipse]

Don’t worry guys we can all clap the poor warm this winter.

[Neon Ignition]

Yep, to be fair, I'm not sure I've heard a solid argument against allowing the Big 6 to collapse. Surely a reset is in order?

[Lebowski]

Isn't that the flaw with the approach? That the actually providers are barely getting by and the actual record profit making giants are the real culprits. 1m people refusing to pay is a dent and bad for the immediately providers but it's not much of a noticeable blip for the main culprits who operate internationally and will still be bank rolling billions so are unlikely to even notice. To us it's a big statement but to them its nothing as the real impact isn't directly on them.

British Gas in the first six months of 2022 made £98 million in the UK, It's parent company cetrica made 1.3 billion from UK Energy in the same period, a lot of that profit came from the North Sea they can say things like British gas profits are down 4 fold in the UK as we are selling our own company gas at a lot higher rate as the market value is up, so British gas looks like its profits are down but in reality its parent company centrica is making an absolute killing still as its energy is worth 4 times more than it was last year.

Are the providers loosing out yes if they aren't linked to a big energy company, but no if their like EDF or British Gas/Centrica and are providers and suppliers

[Neon Ignition]

Petrol seems to be in a slow fall even if it's not by the amount the RAC says it should be. Having peaked at 189.9 the cheapest nearby price to me now is 166.9


With what's coming up we've been looking at how we might be able to shore things up and cut unnecessary use and to dovetail back into the forums primary focus, gaming has been a key area I've been looking at.


I can play 99% of the PS5's games coming out or that I'd revisit via my PC or XSX but thanks to the stock shortages I can currently get at a minimum 90% of what I paid for the system back on it via trade. Likewise, it's nice catching up with titles at work but the Win3 isn't really essential with visually heavy stuff being played on PC and emulators not really needing it or holding interest either. I can easily get enough for that and be in pocket buying a new Steam Deck in the new year too. With accessories it would mean cutting energy use on these, missing pretty much God of War Ragnarok in the short-mid term and having more money to lean on in the winter if bills go crazy - all whilst being able to get them back with pretty much zero money lost down the line if I chose to.

Also been looking at the Quest 2. More tricky as it's a more unique device but weighing against it is that the current price hike by £100 has improved its value and in 2023 there's a solid chance that PSVR2 will be on the way, maybe even Quest 3 so I do the same with this and get what I can before opting to upgrade for one of them next year?

[Asura]

So... I got an email from British Gas, asking if I wanted to move from a variable to a fixed tariff, saying that while on my present variable tariff, I'm more vulnerable to market fluctuations.

Do they know something, do you think? Are prices about to come down?

[Golgo]

So... I got an email from British Gas, asking if I wanted to move from a variable to a fixed tariff, saying that while on my present variable tariff, I'm more vulnerable to market fluctuations.

Do they know something, do you think? Are prices about to come down?

Hmm...interesting. Maybe the rumblings and clamour about protests and scrapping the next rise is leading to jitters, and they would like to shackle you for a few years to a fixed tariff now things are uniformly high.

[Neon Ignition]

[Cassius_Smoke]

Small businesses folding as energy costs hit.
Just wait until poor Xmas sales and the October and January price rises...

https://www.theguardian.com/money/2022/aug/19/uk-small-businesses-forced-to-close-by-soaring-energy-bills

[charlesr]

All this talk of scrapping the October price cap rise... Isn't that far too late? Businesses are shutting NOW due to already too high costs so that's not going to help at all. It needs to shrink and fast.

[fishbowlhead]

All this talk of scrapping the October price cap rise... Isn't that far too late? Businesses are shutting NOW due to already too high costs so that's not going to help at all. It needs to shrink and fast.

Calling it now, we will be in a depression come Jan in all but name. Businesses can’t even pay their energy bills now let alone after more ludicrous rises and increased wages that staff need.

[Mayhem]

All this talk of scrapping the October price cap rise... Isn't that far too late? Businesses are shutting NOW due to already too high costs so that's not going to help at all. It needs to shrink and fast.

Businesses were never benefiting from the cap anyhow, it’s private consumers only.