Feb
UK energy bills set to rocket
The UK’s energy bills are set to skyrocket. This is in spite of the cost of gas to suppliers falling.
Early warnings of higher gas and electricity prices were sounded by Centrica on Thursday as the British Gas parent faced demands for further tariff cuts after announcing a big jump in profits in its retail business.
My own concern is that now there are reports that the UK economy may never have actually have come out of recession as had been previously believed. If consumers now face mounting energy bills. it means that the economy may never recover if people are using their money just to pay for energy.
The mismatch between the fall in wholesale and retail prices saw British Gas operating profits jump 58pc to a record £595m last year, comfortably beating analysts’ forecasts.
Is that good business?
……the huge investment needed to ensure security of supply and meet environmental targets meant the group was in a “very different commodity price environment.”
I think we get the message. The cost of financing the great Carbon Trading bandwagon is going to be paid for by the rise in consumer energy bills.
Source: Telegraph
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Cheap reliable energy drives prosperity, innovation and well being.
Without it, the world wide recession will continue and poverty will increase, unless of course you are employed in the green deluded economy.
Will someone please tall Gordon we cannot afford Cap and Trade,most of us are going BROKE!
Not as broke as you’ll be when the climate officials knock on your door and tell you what improvements you are obliged to make to your home and hand you a bill.
The EC are actually promoting this idea as a good way for utilities to make MORE money out of customers.
Don’t believe me ? – an article will follow.
Yes and it’s starting in Kalifornia, too. Pacific Gas and Electric has put in “smart” meters. Many are wondering what’s “smart” about them because as soon as they’re installed your bill goes up. Mine did at my business.
They avoid having meter readers get out of their car, they can just drive by and get the signal from each meter. We’re saving them time and labor, but yet they asked for and received a rate increase from the Public Utilities Commission to pay for them.
The next step will be to have meters where they can shut your electricity off/on at will. Then when the power grid is taxed, they can start shutting off the power to houses and businesses. i can see old people dying during heat-waves when they shut off their electricity and they have no air conditioning on hot days.
Big brother is coming, watch out.
British Gas keeps saying…’we bought the gas years ago when the price was high’
Strangely, I don’t recall them saying anything when the wholesale price was rising and our bills were rocketing. To be consistent, they should have been saying…’don’t worry about rising wholesale prices, we bought the gas years ago when the price was low’!
It’s like the oil companies. When the price of oil goes up they raise the gas price 10 minutes later. When the price of oil goes down it takes them a month, then they lower the gas price a penny or two.
They must have found a new theory from Einstein related to oil….If the price goes up..the gas goes up at the speed of light…if the price goes down…we go into a time warp where nothing happens at all for a month.
And how many millions of gallons do they stor in huge tanks and laid up tankers.
Money for “old CO2″
[...] push for environmentally friendly energy is pushing energy costs up in the UK. Embrace the renewables and hand over the green, [...]