My Energy supplier has gone bust.

When I dumped gas for water heating and got a Fischer device that uses about five units a day for all of my hot water needs (and I shower every day) I just got the piss taken out of me and told that I was ripped off. Oh dear, what a pity, never mind.
How do you heat with water? :unsure:
 
Had an email from SSE this morning as I'm sure most of their customers have and one part looked helpful

To be clear, your prices aren’t changing today – the price cap will come into effect from 1 October. We’ll be writing to you again in September to explain how the prices on your standard variable tariff will be rising.

1 September:
We’ll announce details of OVO’s Customer Support Package for customers struggling to pay their bills​
5 September:
New Prime Minister announced​
First 2 weeks of September:
We’ll write to you about what the price cap will mean for your energy prices​
1 October:
If you don’t have a smart meter, you can send us a meter reading online right up until 1 October. This will bring your energy account up to date before your prices change​
1 October:
New price cap comes into effect​

It looks like it might be helpfull to give your supplier, your uptodate readings in the last few weeks of September
 
What do you do with " excess inventory " in the oil and gas business ?

At the start of the first lock-down , petrol could be had hereabouts for £1 per litre .....
....... got to do something with it all ..... right ?



Pah, they might have more gas than they need, but can they get a Starbucks or a Macdonalds, hey, hey ?
 
1661626680502.webp
 
Interesting read.....

“Even countries where energy consumption is falling don’t yet feel much pain. And there is a good reason for this. While Western energy consumption is stalling or collapsing, one country is increasing its energy use, propping up our consumption with its exports and giving the rest of the world a false sense of security: China.”

Manufacturing ?
 
Nothing makes any sense with the UK's Gas prices when you break down the supply chain Vs Europe's - there's some thieving Guinnesss somewhere 👀


Where does the UK get its gas from?

About half of the UK’s gas comes from the North Sea, and a third is sourced from Norway, reports iNews.

The UK’s gas imports are primarily natural gas, in either a liquefied or gaseous state, reports Metro.co.uk.

According to Gov.uk, the UK’s “single largest source of gas” is from the “UK Continental Shelf and the vast majority ofâ¯imports come from reliable suppliers such as Norway”.

The UK gets a highly diverse supply of energy sources including “pipelines from the UK and Norway continental shelf, interconnectors with the continent, and “3 liquified natural gas (LNG) terminals, providing Britain with one of the largest LNG import infrastructures in Europe”.


How much gas does the UK get from Russia?

Russia is Europe’s largest supplier of natural gas, providing about 35 per cent of the gas used, reports iNews.

The UK’s reliance on Russian gas is smaller, at just 3 per cent.




 
Nothing makes any sense with the UK's Gas prices when you break down the supply chain Vs Europe's - there's some thieving Guinnesss somewhere 👀


Where does the UK get its gas from?

About half of the UK’s gas comes from the North Sea, and a third is sourced from Norway, reports iNews.

The UK’s gas imports are primarily natural gas, in either a liquefied or gaseous state, reports Metro.co.uk.

According to Gov.uk, the UK’s “single largest source of gas” is from the “UK Continental Shelf and the vast majority ofâ¯imports come from reliable suppliers such as Norway”.

The UK gets a highly diverse supply of energy sources including “pipelines from the UK and Norway continental shelf, interconnectors with the continent, and “3 liquified natural gas (LNG) terminals, providing Britain with one of the largest LNG import infrastructures in Europe”.


How much gas does the UK get from Russia?

Russia is Europe’s largest supplier of natural gas, providing about 35 per cent of the gas used, reports iNews.

The UK’s reliance on Russian gas is smaller, at just 3 per cent.




They’re. Charging. That. Much. Because. They. Can. And. Justifying. It. By. Saying. ‘Defeat puktin’. It’s. Bollox. Just. Greed.
 
They maybe getting the gas in U.K. waters but they are international companies so will sell where the highest profit can be made
I wonder how it works, can the international companies decide to use it all for their own countries and not supply the U.K. 🤔
 
Doesn't explain why EU countries have seen much smaller rises :unsure:
@Noobie ’s post #1131 is right, they sell at the wholesale market price. I think you’ll find some other EU Govt’s have legislatively intervened to limit price rises but the UK Govt won’t because they don’t want to be seen as anti capitalism/corporations as they want to attract FDI away from EU states.

There’s much more the UK (and ROI) Govt could do but they’re not.
 
@Noobie ’s post #1131 is right, they sell at the wholesale market price. I think you’ll find some other EU Govt’s have legislatively intervened to limit price rises but the UK Govt won’t because they don’t want to be seen as anti capitalism/corporations as they want to attract FDI away from EU states.

There’s much more the UK (and ROI) Govt could do but they’re not.
Surely the wholesale market price is what the market is paying and we're going to be paying 4 or 5 times more :unsure:
 
Paying 4-5X more than who?
Most of Europe. France as an example would have gone up 60% for Gas and 45% for Electricity but has been capped at 4%.

Ours is +400% and said to be +600% soon from where we were at the beginning of the year.


https://www.thelocal.fr/20220812/wh...y minister Bruno,could be extended into 2023.

Have energy bills gone Up in France?


Their government has frozen gas prices and limited the increase of the regulated price of electricity to an annual 4%. The total impact of the cost of living squeeze from higher energy prices this year will remain well below 5% of consumption for all French households.

According to economy minister Bruno Le Maire, without these measures French bills would have risen by 60 percent for gas and 45 percent for electricity. Both these measures – collectively known as the bouclier tarifaire (tariff shield) – are in place until at least the end of 2022, and could be extended into 2023.12 Aug 2022
 
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