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Energy Companies: Don't Hold Your Breath For Price Drops

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http://news.bbc.co.uk/1/hi/business/8262360.stm

Energy bills 'unlikely to fall'

Energy firms have rejected calls for swift price cuts

The big six energy suppliers have told the regulator Ofgem that there is little chance of any further cuts in their tariffs this coming year.

They were responding to a call from Ofgem last month to pass on the recent fall in wholesale energy costs.

The banksters are not cutting back on their bonuses so why should the energy robbers cut back on their charges? We are in a grab-it-while-you-still-can economy. Courtesy of Gordon "Lite touch" Broon.

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Need some swift price cuts so the the quantitative easing crew can pretend that the collapse of the currency hasn't happened and that the rapidly increasing cost of living is irrelevant.

It is next month's figures or nothing, after that the cpi figure starts getting larger and larger regardless how they manipulate the mix.

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2009 Scottish and Southern Energy plc made a profit of 0.44%

that means for every £100 bill they sent you, they made 44p profit.

Hardly a rip off.

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2009 Scottish and Southern Energy plc made a profit of 0.44%

that means for every £100 bill they sent you, they made 44p profit.

Hardly a rip off.

or crap management????

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2009 Scottish and Southern Energy plc made a profit of 0.44%

that means for every £100 bill they sent you, they made 44p profit.

Hardly a rip off.

A rip off + great accountancy.

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Need some swift price cuts so the the quantitative easing crew can pretend that the collapse of the currency hasn't happened and that the rapidly increasing cost of living is irrelevant.

It is next month's figures or nothing, after that the cpi figure starts getting larger and larger regardless how they manipulate the mix.

This is on the back of a collapsing currency.

With those nice new shiney gas interconnectors our gas companies can take advantage of better prices in real currencies (Euros) and sell our gas on the continent rather than exchange it for British Pesos as was done when most of our gas production was 'stranded'

The truth be told - I would too.

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A great incentive to minimise usage and make your own - insulation, solar water heating, wood stoves, photovoltaics.

Have you got any good whitepapers / design documents for a DIY solar heating system?

Seen a couple online but they dont seem to be very polished and need a hell of a lot of tweaking / babysitting.

Thanks

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or crap management????

Yes potentially

That is why you try to make sure there is competition in the market so the better run companies grow and the crap ones shrink and are forced to become more efficient.

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A rip off + great accountancy.

I don’t think so, the uk is a pretty competitive market in most thing. Margins are very tight.

The supermarkets have margins of sub 3%. So for every £100 you spend at tesco it makes £3 profit.

The only real argument that can be made is that our businesses are run inefficiently and to an extent that is true but you cannot say most British companies are price gauging.

The biggest problem, like always is tax and regulation. If the government didn’t siphon off £600-700B then things would be a lot cheaper and your income would buy you a lot more.

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Have you got any good whitepapers / design documents for a DIY solar heating system?

Seen a couple online but they dont seem to be very polished and need a hell of a lot of tweaking / babysitting.

Thanks

The easiest and cheapest method to save a good deal of energy is to heat only your bed during winter instead of the whole house. Get yourself a heated bed undercover.

They use about 100 watts of power while your central heating would use in the order of 5000 watts. During the winter months it would be a saving of about 10,000 kWh of power which is equal to about 1,000 litres of petrol PER YEAR!!

Money wise it will save you about £250-300 per year.

If you use them, in the winter you could turn the heating down for most of the time. perhaps only heating your home from 5pm to 11pm. The other times you would be asleep or at work.

If you want another simple one, it is to use mirrors to bounce sunlight into your windows. A single two meter square mirror (£30-40) could cut your heating bill by 10% and will last longer than you will.

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Have you got any good whitepapers / design documents for a DIY solar heating system?

Seen a couple online but they dont seem to be very polished and need a hell of a lot of tweaking / babysitting.

Thanks

Navitron provides some good info. The best thing is to go and look at an installed system as schematics never really give you a clear idea.

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A spokesman for Ofgem stressed that the regulator was not ordering the suppliers to cut their prices, but merely to explain their pricing policies more clearly to their customers.

That's a fair question - to clarify and to give proper figures to account for it.

The big six firms were united in rejecting the suggestion they should agree now to cut tariffs in the coming months.

Their en bloc statement speaks for itself in terms of competition.

"Prices are very volatile," said Andrew Horstead of energy consultants Utilyx.

"If they were fed through immediately consumer bills would naturally be very volatile," he added.

The increases were fed through quickly enough especially the huge price hikes in 2008, in fact in 2008 almost immediately to match the wholesale prices.

http://www.theenergyshop.com/getTariffUpda...E8E8268049F30EF

Using the table at the bottom of the link.

=============================================================================

Supplier* Announced On* Effective From* Average Gas Price Change (%) Average Electricity Price Change (%) Updated

Atlantic Electric and Gas 21/08/2008 25/08/2008 +29% +19%

Atlantic Electric and Gas 20/03/2008 01/04/2008 +15.9% +14.4%

Atlantic Electric and Gas 29/09/2006 01/01/2007 +12.2% +9.4%

Atlantic Electric and Gas 28/02/2007 01/04/2007 - -5%

Atlantic Electric and Gas 28/02/2007 01/03/2007 -12% -

Atlantic Electric and Gas 31/03/2006 01/05/2006 +16.1% +9.5%

Atlantic Electric and Gas 09/11/2005 01/01/2006 +13.9% +11.7%

British Gas 21/01/2009 19/02/2009 -9% -

British Gas 30/07/2008 30/07/2008 +35% +9%

British Gas 18/01/2008 18/01/2008 +15.4% +15.3%

British Gas 26/04/2007 26/04/2007 -3% -6%

British Gas 08/02/2007 12/03/2007 -17% -11%

British Gas 27/07/2006 04/09/2006 +12.4% +9.4%

British Gas 17/02/2006 01/03/2006 +22% +22%

British Gas 09/09/2005 19/09/2005 +14.2% +14.2%

EBIco 01/09/2006 01/09/2006 +31.4% +21.4%

EBIco 01/09/2005 01/09/2005 +20.0% +11.7%

Ecotricity 01/10/2006 01/10/2006 - +8%

Ecotricity 01/09/2006 01/09/2006 - +xx%

EDF Energy 13/02/2009 31/03/2009 - -5%

EDF Energy 25/07/2008 25/07/2008 +22% +17%

EDF Energy 15/01/2008 18/01/2008 +13.1% +7.9%%

EDF Energy 30/04/2007 15/06/2007 -10.2% -0%

EDF Energy 24/07/2006 31/07/2006 +19% +8%

EDF Energy 15/02/2006 13/03/2006 +14.7% +4.7%

EDF Energy 29/07/2005 05/08/2005 +15.5% +10.7%

Good Energy 01/09/2008 01/09/2008 - +15.5%

Good Energy 01/02/2008 01/02/2008 - +12.3%

Good Energy 15/07/2007 15/07/2007 - -5.1%; Economy 7 only

Good Energy 01/10/2006 01/10/2006 - +5.0%

Good Energy 01/04/2006 01/04/2006 - +17.2%

npower 29/08/2008 29/08/2008 +26.8% +16.7%%

npower 04/01/2008 05/01/2008 +19.0% +13.2%%

npower 19/02/2007 30/04/2007 -16% -6%

npower 07/09/2006 01/10/2006 +17.9% +9.9%

npower 11/03/2006 01/04/2006 +15.4% +13.4%

npower 14/11/2005 01/01/2006 +14.8% +12%

E.ON 21/08/2008 22/08/2008 +26% +16%

E.ON 08/02/2008 08/02/2008 +16.8% +11.5%

E.ON 27/02/2007 30/04/2007 -16% -5%

E.ON 17/08/2006 21/08/2006 +18.4% +9.7%

E.ON 28/02/2006 10/03/2006 +24.4% +18.4%

E.ON 21/07/2005 31/08/2005 +11.9% +7.2%

ScottishPower 29/08/2008 01/09/2008 +34.4% +9.9%

ScottishPower 01/02/2008 02/02/2008 +15.0% +13.8%

ScottishPower 30/04/2007 15/06/2007 -8.0% -1.3%

ScottishPower 23/06/2006 10/07/2006 +17% +10%

ScottishPower 09/02/2006 01/03/2006 +15% +8%

ScottishPower 04/10/2005 17/10/2005 +12% +5% to +8%

Scottish-Hydro Electric 21/08/2008 25/08/2008 +29% +19%

Scottish-Hydro Electric 20/03/2008 01/04/2008 +15.9% +14.4%

Scottish-Hydro Electric 28/02/2007 01/04/2007 - -5%

Scottish-Hydro Electric 28/02/2007 01/03/2007 -12% -

Scottish-Hydro Electric 29/09/2006 01/01/2007 +12.2% +9.4%

Scottish-Hydro Electric 31/03/2006 01/05/2006 +19.3% +9.4%

Scottish-Hydro Electric 09/11/2005 01/01/2006 +13.6% +8.9% to +12.0%

Southern Electric 21/08/2008 25/08/2008 +29% +19%

Southern Electric 20/03/2008 01/04/2008 +15.9% +14.4%

Southern Electric 28/02/2007 01/04/2007 - -5%

Southern Electric 28/02/2007 01/03/2007 -12% -

Southern Electric 29/09/2006 01/01/2007 +12.2% +9.4%

Southern Electric 31/03/2006 01/05/2006 +19.3% +9.4%

Southern Electric 09/11/2005 01/01/2006 +13.6% +8.9% to +12.0%

Swalec 21/08/2008 25/08/2008 +29% +19%

Swalec 20/03/2008 01/04/2008 +15.9% +14.4%

Swalec 28/02/2007 01/04/2007 - -5%

Swalec 28/02/2007 01/03/2007 -12% -

Swalec 29/09/2006 01/01/2007 +12.2% +9.4%

Swalec 31/03/2006 01/05/2006 +19.3% +9.4%

Swalec 09/11/2005 01/01/2006 +13.6% +8.9% to +12.0%

Telecom Plus (Utility Warehouse) 01/07/2007 01/07/2007 -2.3% -1.8%

Telecom Plus (Utility Warehouse) 01/05/2007 01/05/2007 -14.3% -

Telecom Plus (Utility Warehouse) 01/10/2006 01/10/2006 +1.1% +3.2%

Telecom Plus (Utility Warehouse) 01/09/2006 01/09/2006 +17.1% +2.0%

Telecom Plus (Utility Warehouse) 01/05/2006 01/05/2006 +6.9% +11.5%

Telecom Plus (Utility Warehouse) 01/03/2006 01/03/2006 +9.9% +9.4%

Utilita 01/09/2007 01/09/2007 -7.2% -

==================================================

So on average Suppliers gas/electricity prices went up by roughly say 40% in 2008 alone and up by about say 80% since late 2005 - and yet the wholesale gas price, for example, was recently down to about 2002 levels.

Since 2008 any reductions in retail prices have been negligible.

Edited by billybong

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Have you got any good whitepapers / design documents for a DIY solar heating system?

Seen a couple online but they dont seem to be very polished and need a hell of a lot of tweaking / babysitting.

Thanks

Solar convection heating costs next to nothing to produce but runs all day and can be quite effective.

This one has been on my house for a couple of years and reduces the requirement for gas heating.

DSC_3556small.JPG

post-13895-1253282259_thumb.jpg

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If you want another simple one, it is to use mirrors to bounce sunlight into your windows. A single two meter square mirror (£30-40) could cut your heating bill by 10% and will last longer than you will.

That's got to be the most impractical energy saving tip I've ever read.

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LOL. What's impratical about positioning giant mirrors outside all the windows of your house?

Having to run outside and adjust them whenever the sun moves accross the sky. :lol:

And you will need a long chain of mirrors at nightime to reflect the sun from the other side of the planet....

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That's got to be the most impractical energy saving tip I've ever read.

Don't laugh, it wouldn't be pretty, but it would score very highly in terms of efficiency and bang for buck, if not completely free, as near as damn it maintenance free and also the possibility of replacing artificial lighting in wintertime too.

This is the deluxe version!

http://www.youtube.com/watch?v=x4l1ap26P-E...feature=channel

Edited by OnlyMe

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These are cash cows par excellence.

What we are learning is that in peacetime we British are a pretty supine lot and as long as the hardship is piled on gradually all we do is complain - to each other!

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