Talk Morgan Forums Community The Malvern Arms Centrica and energy costs

We opted for the totally renewable tariff last year which has seen the monthly direct debit go from £24 up to £67, can't wait for winter.

Oil for heating and water.

What is it that you can't grasp about the energy wholesale market in the UK? It matters not what the source be renewables fossil or nuclear, they are all traded at the same prices. Not on what it costs to generate. What is a bit rich is that EDF froze their pricing to French domestic customers while at the same time increasing UK customers pricing, and now the UK are selling energy to France who have a shortfall. If you were in that business market would you turn a blind eye at making money?

That it doesn’t exist as an independent UK market … and is linked directly to the international market irrespective of source, policy etc! Seems more like a dis functional pseudo-capitalist market to me!

I understand the wholesale market, but if Brent Crude is X price & say BP extract the crude but their operating costs are still much the same hence their profits move with the wholesale price being paid. Somehow that must be corrected back to a sensible profit margin. However if no one can afford the price of the goods I hope that will be self levelling. Trouble is the energy firms have the population of the world by the short & ***** . Governments must react to prevent anarchy. (People starving/freezing)

I wonder why people always point the finger at companies rather than governments and countries. We would not be in the current position if our government had not taken it on themselves to apply sanctions to the Russians. The latter are fighting back by effectively applying sanctions to the rest of the world , and the irony is that they are not suffering from our energy boycott because the prices have shot up. So in effect we have shot ourselves in the foot because bleeding heart liberals have decided we must support a country than many if not most of us didnt know where it was before we got involved.

Mind you its not just the Russians is it. What about getting more oil from Iran or Syria? Sanctions? There is a price to be paid for self righteousness.

Anyway IcePack, you are happy to say the government must react but you dont say how. What do you want them to do?

Governments as it a world thing. Somehow they have to get together (is that possible) & legislate the max price that is collectively considered sensible.
Just to add. As per prev post they have to do something or a lot of deaths will be the result at some point.