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karhu

25% Gas Price Hike?

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http://www.ananova.com/news/story/sm_1711450.html

Gas bills are understood to be set to leap by 25%, thought to be the biggest single increase ever.

British Gas will announce the price hike this month in letters to its 11 million consumers, according to the Mail on Sunday newspaper.

It quoted a senior British Gas source as saying it would be between 22% and 25%, more than 10 times the rate of inflation.
Other power companies are certain to follow suit, and the rises will affect gas and electricity prices equally, it said.
A spokesman for Centrica, the parent company of British Gas, said: "Wholesale gas prices for 2006 are up about 75% on 2005.
:o

http://www.mailonsunday.co.uk/pages/live/a...in_page_id=1770

Edited by karhu

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What I find most wrong about this is British Gas (Centrica) blame price rises on the cost of wholesale gas which it buys from another Centrica company. Win win for Centrica.

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Looks interesting for the coal industry in the UK doesn't it? New technology can liquify coal and remove noxious pollutants. Now that oil is sky high a resurgance in coal is on the cards. See the Investment Thread on this topic. It has implications for house prices in former coal field areas.

http://www.housepricecrash.co.uk/forum/ind...showtopic=23040

Edited by Realistbear

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Just heark at the BBC programme presenters bemoaining 20% rises in energy prices. Different story when it is housing that is increasing in price, oh I forgot, people don't have to pay for housing they just borrow and money inflation does the rest. Well welcome to the inevitable result of of money inflation you pillocks and it won't be just energy.

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It doesn't matter as there's some good 5 for 30 offers on DVDs at the moment, which will be heavily foctored in to CPI along with the massively-extended January sales at throwaway fashion retailers.

All you need to do to experience the joys of 2% inflation is stop cooking or heating your home and start watching Ferris Bueller's Day off, Evil Dead, Van Helsing, Baise Moi, The Lion King 2 and Dirty Dancing.

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It doesn't matter as there's some good 5 for 30 offers on DVDs at the moment, which will be heavily foctored in to CPI along with the massively-extended January sales at throwaway fashion retailers.

All you need to do to experience the joys of 2% inflation is stop cooking or heating your home and start watching Ferris Bueller's Day off, Evil Dead, Van Helsing, Baise Moi, The Lion King 2 and Dirty Dancing.

Not just stop heating your home, stop having a home in the first place. :angry:

As for watching the DVD's, just remember to regularly replace the DVD player so that you get some benefit from their falling prices. And make sure that it's a small telly you're watching them on - mustn't use too much electricity since that's going up...

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It doesn't matter as there's some good 5 for 30 offers on DVDs at the moment, which will be heavily foctored in to CPI along with the massively-extended January sales at throwaway fashion retailers.

All you need to do to experience the joys of 2% inflation is stop cooking or heating your home and start watching Ferris Bueller's Day off, Evil Dead, Van Helsing, Baise Moi, The Lion King 2 and Dirty Dancing.

This old boy will be fine then, doesn`t he get £10 heating allowance of the govt? Can you generate many therms setting dvds alight? :angry:

http://firstrung.co.uk/articles.asp?pageid...1226&cat=47-0-0

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Gas makes up a very small part of a consumers spending, so therefore would affect CPI in a very small way.

It will affect the price of electricity too and put more pressure on the price of oil etc.. Obviously, it is going to affect production costs too, which could have a number of outcomes.

The central bankers need to pay attention to this!

I can't vouch for gas but our heating oil bill is £350 per month, was £200 per month (in the winter months) last year, how's that for real inflation!

I saw something similar in the US last year and look at what happened to their interest rates...

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For anyone who is interested, this is what natural gas has done over the last year or so...

http://www.tradewithvision.com/quotesandch...ue&action=chart

As you can see, between June and December last year it rose by over 50%, but since December it has slid all the way back again. So, can someone please explain where British Gas are getting their ideas from? Are their poor impoverished shareholders struggling to expand their collections of exotic cars and Rolex watches as fast as they used to? What's going on?

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For anyone who is interested, this is what natural gas has done over the last year or so...

http://www.tradewithvision.com/quotesandch...ue&action=chart

As you can see, between June and December last year it rose by over 50%, but since December it has slid all the way back again. So, can someone please explain where British Gas are getting their ideas from? Are their poor impoverished shareholders struggling to expand their collections of exotic cars and Rolex watches as fast as they used to? What's going on?

They are expecting gas prices to rocket.Check out the futures market for Gas, I bet its through the roof!!! So in FACT Price rises are happening as a result of investor speculation, in combination with tightening reserves.

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They are expecting gas prices to rocket.Check out the futures market for Gas, I bet its through the roof!!! So in FACT Price rises are happening as a result of investor speculation, in combination with tightening reserves.

Yes, but what will the price shoot up to? The high of last December maybe? Which we are already paying for through the price increases that they implimented then? As they didn't reduce the price since December to reflect the fall that there has been they have no right to put prices up again. I knew they would though.

Edited by Bingley Bloke

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I Know Blair could make a warning about us being vulnerable to attacks by Muslim radicals blowing up gas supply lines and then low and behold they blow the lines up. Don’t laugh as this is just what GW Bush did with oil lines and he’s one that has a lot to gain from oil prices going up since his family own part of so many oil companies, Condy Rice and most top ranking officials running the USA are also in it up to their eyeballs.

Inflation is an imaginary figure made up by governments and non dare point the finger at another as they are all at it togeather. Everyone knows that prices went up 10% in countries that adopted the euro and yet apparently inflation remained at a few percent, see what I mean.

Your leaders are corrupt so don’t be so shocked by so called official figures not tying up with what you see for yourself.

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Gas makes up a very small part of a consumers spending, so therefore would affect CPI in a very small way.

From the CPI technical manual gas makes up 1.2% of the basket (weighting of 12), so a 25% rise in case contributes to a 0.3% rise in CPI.

It will be interesting to see if the lag between rises in the wholesale and consumer price of gas will be similar to that for products derived from gas/oil. I guess we'll see in the coming months.

T&T

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For anyone who is interested, this is what natural gas has done over the last year or so...

http://www.tradewithvision.com/quotesandch...ue&action=chart

As you can see, between June and December last year it rose by over 50%, but since December it has slid all the way back again. So, can someone please explain where British Gas are getting their ideas from? Are their poor impoverished shareholders struggling to expand their collections of exotic cars and Rolex watches as fast as they used to? What's going on?

That if I'm not mistaken is a graph of US natural gas futures. They have fallen as gas supplies have slowly come back onstream after the hurricanes.

As there is no gas pipeline across the Atlantic, what is happening on the US nat gas market has zero impact on what happens here. UK gas prices are still high and will be for the foreseeable future.

The UK has no gas futures exchange, to get prices you probably need to look at data from one of the price reporting agencies like Platts.

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From the CPI technical manual gas makes up 1.2% of the basket (weighting of 12), so a 25% rise in case contributes to a 0.3% rise in CPI.

It will be interesting to see if the lag between rises in the wholesale and consumer price of gas will be similar to that for products derived from gas/oil. I guess we'll see in the coming months.

T&T

And what about electricity? In the news report it said we can expect a similar rise.

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Thats it,

-Will organise the fitting of solar pannels...nice bright day today!

-Buy the woolly socks and thermals.

-Cling film the windows.

-Order the coal/gather the wood for the fire.

-Or move somewhere warmer & build a barbecue.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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