Back
to top
Good old Ofgem
Watch
Announcements
Page 1 of 1
Go to first unread
Skip to page:
Millions of people are struggling and what do Ofgem do, let energy companies charge us more.
1
reply
Report
#2
(Original post by richard10012)
Millions of people are struggling and what do Ofgem do, let energy companies charge us more.
Millions of people are struggling and what do Ofgem do, let energy companies charge us more.
0
reply
Report
#3
If we have our own oil industry why are we paying so much. Americans have far lower energy costs.
0
reply
Report
#4
(Original post by TheStupidMoon)
If we have our own oil industry why are we paying so much. Americans have far lower energy costs.
If we have our own oil industry why are we paying so much. Americans have far lower energy costs.
Fuel duty tax - U.K.
VAT -EU
Green taxes - U.K./EU.
America has lower taxes because it has lower government spend. No NHS and not such a bountiful benefits system.
0
reply
Report
#5
(Original post by richard10012)
Millions of people are struggling and what do Ofgem do, let energy companies charge us more.
Millions of people are struggling and what do Ofgem do, let energy companies charge us more.
Like are you thinking OFGEM should subsidise the price. Will you pay more tax so I can have my heating on overnight? Like uts cold if I wake up in the middle of the night.
0
reply
Report
#6
(Original post by MatureStudent37)
Most of U.K. fuel prices are tax.
Fuel duty tax - U.K.
VAT -EU
Green taxes - U.K./EU.
America has lower taxes because it has lower government spend. No NHS and not such a bountiful benefits system.
Most of U.K. fuel prices are tax.
Fuel duty tax - U.K.
VAT -EU
Green taxes - U.K./EU.
America has lower taxes because it has lower government spend. No NHS and not such a bountiful benefits system.
It just chooses to devolve taxation (non-federal taxes are actually quite high as a result).
It's basically the same as abolishing fuel duty and telling councils they can leave the roads and parks dirty or raise council tax.
0
reply
Report
#7
(Original post by MatureStudent37)
Most of U.K. fuel prices are tax.
Fuel duty tax - U.K.
VAT -EU
Green taxes - U.K./EU.
America has lower taxes because it has lower government spend. No NHS and not such a bountiful benefits system.
Most of U.K. fuel prices are tax.
Fuel duty tax - U.K.
VAT -EU
Green taxes - U.K./EU.
America has lower taxes because it has lower government spend. No NHS and not such a bountiful benefits system.
As for Ofgem - they have allowed the standard tariffs to rise. Why so many people insist on signing up to the standard tariffs when there are so many massively cheaper options out there makes no sense.
0
reply
Report
#8
(Original post by hotpud)
Is this true? I thought tax on home energy was 5%.
As for Ofgem - they have allowed the standard tariffs to rise. Why so many people insist on signing up to the standard tariffs when there are so many massively cheaper options out there makes no sense.
Is this true? I thought tax on home energy was 5%.
As for Ofgem - they have allowed the standard tariffs to rise. Why so many people insist on signing up to the standard tariffs when there are so many massively cheaper options out there makes no sense.
It wasn’t a poorly thought out Westminster decision.
It was part of this
https://en.m.wikipedia.org/wiki/Euro...alue_added_tax
Just like the Tampon Tax.
2
reply
Report
#9
(Original post by Quady)
wholesale gas has risen over the last year
wholesale gas has risen over the last year
0
reply
Report
#10
(Original post by the beer)
Wasn't it at a record low not long ago?
Wasn't it at a record low not long ago?
Oil is back above 50 dollars as demand recovers.
0
reply
Report
#11
Last edited by the beer; 3 weeks ago
0
reply
Report
#12
(Original post by the beer)
Wasn't it at a record low not long ago?
Wasn't it at a record low not long ago?
OFGEM lowered the price cap in October '20 (announced Aug '20)
Raising it this April still means it's lower than last April.
0
reply
Report
#13
(Original post by Quady)
OFGEM lowered the price cap in April '20 (announced Feb '20)
OFGEM lowered the price cap in October '20 (announced Aug '20)
Raising it this April still means it's lower than last April.
OFGEM lowered the price cap in April '20 (announced Feb '20)
OFGEM lowered the price cap in October '20 (announced Aug '20)
Raising it this April still means it's lower than last April.
0
reply
Report
#14
(Original post by the beer)
Is that a rise over the last year then? looks to be slightly down over the year still, my prices have been increased 3 times since last year.
Is that a rise over the last year then? looks to be slightly down over the year still, my prices have been increased 3 times since last year.
Price fell about 66%, it's risen around 200% since then.
0
reply
Report
#15
(Original post by the beer)
Err ok sounds like you're talking about something different now. Isn't the price cap only helpful for those that can't be bothered to switch providers all the time?
Err ok sounds like you're talking about something different now. Isn't the price cap only helpful for those that can't be bothered to switch providers all the time?
What did you think the OP (who I was quoting) was on about if not the price cap? Since they created the thread when the increase was to the cap was announced....
Last edited by Quady; 3 weeks ago
0
reply
Report
#16
(Original post by Quady)
Different to what?
What did you think the OP (who I was quoting) was on about if not the price cap? Since they created the thread when the increase was to the cap was announced....
Different to what?
What did you think the OP (who I was quoting) was on about if not the price cap? Since they created the thread when the increase was to the cap was announced....
0
reply
Report
#17
(Original post by the beer)
I asked you about your claim on wholesale prices, you ignored it and talked about price caps.
I asked you about your claim on wholesale prices, you ignored it and talked about price caps.
For completeness then...
No, they wholesale gas prices weren't recently at a record low. But they were the lowest that they've been in the last 10 years or so. Since that recent low the price has risen. That helps explain why the price cap was cut twice last year but is now rising after the last review point.
0
reply
X
Page 1 of 1
Go to first unread
Skip to page:
Quick Reply
