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Author Topic: Energy bills  (Read 7385 times)
4D
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« Reply #15 on: Friday, February 17, 2023, 08:49:25 »

Ffs.

https://www.bbc.co.uk/news/business-64647854
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horlock07

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« Reply #16 on: Friday, February 17, 2023, 08:54:26 »


The cap is going up again next month as well isn't it?
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4D
That was definately my last game, honest

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« Reply #17 on: Friday, February 17, 2023, 09:05:11 »

Yep, 500 notes to 3 grand.
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Posh Red
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« Reply #18 on: Friday, February 17, 2023, 09:25:07 »

Anyone else have oil central heating?

If so, have you received the “alternative fuel payment” yet?
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Nemo
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« Reply #19 on: Friday, February 17, 2023, 09:26:35 »

Anyone else have oil central heating?

If so, have you received the “alternative fuel payment” yet?

I don't, but am eligible for the AFP - we got an email from the supplier telling us we'd be credited automatically and didn't need to apply, but it hasn't actually been credited yet.
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Posh Red
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« Reply #20 on: Friday, February 17, 2023, 09:29:38 »

I don't, but am eligible for the AFP - we got an email from the supplier telling us we'd be credited automatically and didn't need to apply, but it hasn't actually been credited yet.

If you don’t mind me asking who are you with?
We have Scottish Power but haven’t heard anything yet
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Nemo
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« Reply #21 on: Friday, February 17, 2023, 09:34:39 »

If you don’t mind me asking who are you with?
We have Scottish Power but haven’t heard anything yet

SSE/Ovo. From speaking to other people, every supplier seems to have administered the other government support schemes differently, SSE have been crediting us £70 a month or whatever it is whilst then immediately debiting us £300 odd quid, rather than reducing the direct debit, which is what other suppliers seem to have done.
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Posh Red
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« Reply #22 on: Friday, February 17, 2023, 09:46:47 »

SSE/Ovo. From speaking to other people, every supplier seems to have administered the other government support schemes differently, SSE have been crediting us £70 a month or whatever it is whilst then immediately debiting us £300 odd quid, rather than reducing the direct debit, which is what other suppliers seem to have done.

We’ve had the same, them collecting our normal DD & then paying £67 about a week later
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swindonmaniac

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« Reply #23 on: Friday, February 17, 2023, 12:08:43 »

We’ve had the same, them collecting our normal DD & then paying £67 about a week later
Obviously making interest on your money !.
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jayohaitchenn
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« Reply #24 on: Friday, February 17, 2023, 13:47:32 »


Strange. This nationalised energy giant seems to be doing well. Imagine how much they would made with privatisation!!
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reeves4england

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« Reply #25 on: Friday, February 17, 2023, 14:56:05 »


From that article:

Its UK consumer energy supplier lost more than £200m in the year. EDF blamed the cost of buying energy for customers which was higher than the prices set under the energy price cap.

Presumably that means they're making a loss on domestic energy supply and raking it in from corporate accounts?
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RobertT

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« Reply #26 on: Friday, February 17, 2023, 15:45:49 »

It means the money sits in the Extraction/Refining/Wholesale units - most of the Billing businesses are owned by a parent that sells them the energy.  I imagine it helps reduce tax exposure as well.
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Nemo
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« Reply #27 on: Friday, February 17, 2023, 15:55:09 »

Which is why the energy providers that don't *have* energy production sides (hello Bulb) are fucked. If you own the whole chain, then quids in, but actual retail provision of energy is a big money loser at the moment.

Anyone else have oil central heating?

If so, have you received the “alternative fuel payment” yet?

To go back on this - the payment has just come through by automated transfer.
« Last Edit: Friday, February 17, 2023, 16:16:45 by Nemo » Logged
horlock07

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« Reply #28 on: Friday, February 17, 2023, 16:22:01 »

Which is why the energy providers that don't *have* energy production sides (hello Bulb) are fucked. If you own the whole chain, then quids in, but actual retail provision of energy is a big money loser at the moment.

To go back on this - the payment has just come through by automated transfer.

And the production side can't sell their wares to their own supplier side at reduced rates due to monopoly rules, the dice seems incredibly weighted in favour of these companies vs. consumers.

On that issue something I had never thought of until today when it was mentioned on a podcast was the fact that privatisation is supposed to open up the market to competition of the benefit of consumers, yet in the privatised water market I have no choice but to buy my water services from United Utilities, so all it has actually done is set up a beautiful private monopoly!

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Posh Red
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« Reply #29 on: Friday, February 17, 2023, 17:00:16 »

To go back on this - the payment has just come through by automated transfer.

Apparently I’m not eligible according to Scottish Power (presumably because nobody has told them that I am) so have to wait for the 1st March to be able to apply
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