[News] Energy bills to top £4200 at the start of next year

[CHAPPERS]

very nice of them off the back of record profits, the whole thing stinks

https://www.itv.com/news/2022-07-28...its-rise-to-134-billion-as-energy-bills-surge

Pretty significant typo in that headline.

 

[hans kraay fan club]

Pretty significant typo in that headline.

There is, but its sort of irrelevant - a figure of £1,340,000,000.00 is so difficult to rationalise, that it being reported as 100 times that, makes little difference, to the average reader.

 

[deletebeepbeepbeep]

It is actually worse than I posted...£600 v 950

We live in a single bed flat

 

[Neville's Breakfast]

It is actually worse than I posted...£600 v 950

We live in a single bed flat

But that’s utter nonsense. Our combined gas and electricity bills at the moment are about £85 a month and we live in a three storey house. We are eating mainly stir fries and ‘summer’ food so don’t slow cook anything. If we do then we cook two lots of food at the same time ie using the same power. Don’t eat much meat anyway. We aren’t planning on changing this or putting the heating on much this winter. I don’t see our bills being anything like your quotes.

 

[herecomesaregular]

Indeed. I have no idea why the fella is boiling kettles. This debate needs a little perspective.

edit- cba

 

[Neville's Breakfast]

I only have electric, no gas, and an electric hot water tank - this costs currently about £1 a day overnight for hot water. Monies a bit tight for me at the moment so as I recently have been introduced to the joy of cold showers I've turned it off. But for washing up I boil a kettle. Hope that's ok with you, fella. It's no bother to me at all.

edited - checked my bill, about a £1 a day.

You don’t have to justify anything to me. I was simply answering the question from the other poster about whether hot running water is a luxury in the UK in 2022. He asked that because of your story.

 

[nicko31]

Daily Mail enters a new chapter, those that call out what lies ahead

 

[Cheshire Cat]

Yes, yes they do.

 

[Worthingite]

Anyone else concerned?

Sent from my Pixel 6 using Tapatalk

I work in the industry. It's brown trousers time for EVERYONE. I know what's coming down the road, and this is the tip of the iceburg. We're farked.

 

[beorhthelm]

Sky touting another expert forecasting £5000 in January. reached that point of the story cycle that media just pumping it up for the circulation.

 

[nicko31]

Lizz will never forget her happy times at Shell. Look like they're in for a easy ride, no change on Rishi's weak windfall tax..

https://www.bloomberg.com/news/arti...sh-uk-windfall-tax-and-defends-energy-profits

 

[Da Man Clay]

It is actually worse than I posted...£600 v 950

We live in a single bed flat

Are you running a hydroponics factory in the bedroom? That’s insane. We’re quoted as going from £150 to £280 a month and live in a three bed semi with two adults and 2 small children. Any chance someone else in the block might be abstracting your electricity?

 

[Eeyore]

I don't think that Liz is reading the room.

https://www.bbc.co.uk/news/uk-politics-62513966

Nobody is suggesting that companies should suffer windfall tax on products that involve choice, or that energy companies don't need profit to re-invest. Neither should they be taken into public hands (that would cost billions and many of our pension share investments are bound up in them)

But the chickens have come home to roost.

I have share holdings. But will not invest in oil or utilities I believe should be in public hands. And to be making vast sums of profit on the back of bulk buying, and upping the price before the stocks being used have reached the level of cost that caused that rise are in use, is immoral. But that is what is happening.

The government has spent a lot of money trying to prop up those minor players who were going bust. It's time time to tax those who have profited in folk's misery.

And I think a lot of Torys are temporary Socialists on this one.

 

[LamieRobertson]

Are you running a hydroponics factory in the bedroom? That’s insane. We’re quoted as going from £150 to £280 a month and live in a three bed semi with two adults and 2 small children. Any chance someone else in the block might be abstracting your electricity?

Or possibly extracting it

 

[Da Man Clay]

Or possibly extracting it

Is abstracting not right here?

https://en.m.wikipedia.org/wiki/Abstracting_electricity

 

[Randy McNob]

I don't think that Liz is reading the room.

https://www.bbc.co.uk/news/uk-politics-62513966

Nobody is suggesting that companies should suffer windfall tax on products that involve choice, or that energy companies don't need profit to re-invest. Neither should they be taken into public hands (that would cost billions and many of our pension share investments are bound up in them)

But the chickens have come home to roost.

I have share holdings. But will not invest in oil or utilities I believe should be in public hands. And to be making vast sums of profit on the back of bulk buying, and upping the price before the stocks being used have reached the level of cost that caused that rise are in use, is immoral. But that is what is happening.

The government has spent a lot of money trying to prop up those minor players who were going bust. It's time time to tax those who have profited in folk's misery.

And I think a lot of Torys are temporary Socialists on this one.

it's complete rubbish, companies set their capex and their profits would be after taking into account future investment. Those profits won't go into investment or jobs, irt goes into the pockets of executives bonuses, shareholders (many of whom overseas), and hedge funds. Thats who the Tories are looking after

 

[Randy McNob]

 

[beorhthelm]

it's complete rubbish, companies set their capex and their profits would be after taking into account future investment. Those profits won't go into investment or jobs, irt goes into the pockets of executives bonuses, shareholders (many of whom overseas), and hedge funds. Thats who the Tories are looking after

why have you ignored pensions in your list of beneficaries? profits reported after current investment, this years capex is funded from last years profit (or debt or share issuance). you may be right though and some companies are reducing investment, because given policy it would be more sensible to wind down and return to shareholders than invest.

BTW when you read tweet you should check their source and the data. average UK bills have risen 74% so far, not >200%. thats a 3x rise. why tweets want to lie like that i dont know, the data is easily verifiable, have to assume political propaganda.

 

[Simster]

why have you ignored pensions in your list of beneficaries? profits reported after current investment, this years capex is funded from last years profit (or debt or share issuance). you may be right though and some companies are reducing investment, because given policy it would be more sensible to wind down and return to shareholders than invest.

BTW when you read tweet you should check their source and the data. average UK bills have risen 74% so far, not >200%. thats a 3x rise. why tweets want to lie like that i dont know, the data is easily verifiable, have to assume political propaganda.

1) You always talk about the benefit to our pensions of privatisation of public utilities but it is a stupid argument IMO. If you want to make the case that we all benefit, then it certainly isn't as egalitarian as public ownership so that the least well off can be properly looked after. With pensions, the bigger your pension the more you benefit - and the poor don't really do private pensions do they?

2) That 215% is a projection for the winter and probably reflects the rise from what was £1300 pa for the average household to the revised projection of £4600 (up from £4200 2 weeks ago). And even 74% is appalling when you consider the average EU rise is half that figure.

 

[nicko31]

View attachment 150787

Shocking

Half of the gas we use comes out of OUR North sea.

We need a temporary price cap on the primary producers.

Business have uncapped bills and are already losing their shirts, it will the general public yet

These f**kers just want to let capitalism rip on the back of a war