Energy market

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Hillman avenger
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Energy market

Post by Hillman avenger »

What is happening now is classic.

In its ideology the Tory party thinks competition drives efficiency. So it privatises energy provision and sits back.

The industry is sold, so public assets move to the private sector and the revenue gained goes to....?

We have to erect a regulator to deal with the extremes of exploitation, and a raft of chancers move in, who do no energy creation but think they can make money buying smarter and billing for less...in practice the electricity and gas we consume arrives from exactly the same place as it did before, it's just that the bill comes from someone else. Along the way the customer foots the bill for sales and marketing efforts which were never needed before.

So when there's a major hike in supply cost most of those chancers don't have the reserves and working capital to continue. And their customers get moved back to one of the bigger players, who know that once they weather this storm they will have a bigger market share and less pressure on their prices from the novice suppliers.

This happens in every deregulated market; a flurry of newcomers and a latter culling. Exactly what happened in the US airline business, for example.

So you move from a national monopoly to a private oligopoly.

Our rash of 80s/90s privatisation was emulated nowhere else. Wonder why?

BTW wholesale energy prices have risen everywhere. But now the UK's are 2-3 times that in France and Germany.
Listen to Talksport and let it be a lesson to you

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Sid Pervcat
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Re: Energy market

Post by Sid Pervcat »

OK....your point is?
05.02.2024

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shabbado
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Re: Energy market

Post by shabbado »

The most surprising thing about this whole debacle is just how many energy companies there were operating in the UK.
A joyless arsehole.

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Hillman avenger
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Re: Energy market

Post by Hillman avenger »

Sid Pervcat wrote: Wed Sep 22, 2021 3:20 pm OK....your point is?
My point it that this 30-year exercise, alleged to be to increase efficiency and value for money, has resulted in:
1. Higher prices than anywhere else in Europe
2. Loss of public assets
3. Concentration of the industry in a few very large suppliers.

The same pattern can be seen in the railways.
Listen to Talksport and let it be a lesson to you

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Zambo
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Re: Energy market

Post by Zambo »

Energy should never have been privatised, nor should the railways. And coming from a view from the right, it should be appreciated how bad it's been.
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Vespa
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Re: Energy market

Post by Vespa »

Not sure it was privatising the energy market that is the UK problem, it's the utter lack of an energy strategy to move away from fossil fuels - simply because the prevailing view of government appears to be that the 'market will sort it out' the problem with markets is they don't do social strategy.

That's why the UK only holds fuel reserves 30% of the EU national average reserves. Why the UK has done more to make its own energy and help people lose less.

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antdad
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Re: Energy market

Post by antdad »

Here's an email I received from my energy company this after, when I heard the CEO on The Today programme pleading for support first thing Monday it was fairly obvious it wouldn't be too long. Shame, dealing with them was hassle free and the rate was competitive, for his clients just not for him.

https://docdro.id/gBTn8D0

Hey, if those nuclear powered subs don't work out down under maybe we can repurpose them.
Last edited by antdad on Wed Sep 22, 2021 6:01 pm, edited 1 time in total.

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gheko
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Re: Energy market

Post by gheko »

antdad wrote: Wed Sep 22, 2021 5:50 pm Here's an email I received from my energy company this after, when I heard him on The Today programme pleading for support first thing Monday I knew it wouldn't be too long.

https://docdro.id/gBTn8D0
Ooh fuck I was with them last year.

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gheko
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Re: Energy market

Post by gheko »

Hillman avenger wrote: Wed Sep 22, 2021 3:44 pm
Sid Pervcat wrote: Wed Sep 22, 2021 3:20 pm OK....your point is?
My point it that this 30-year exercise, alleged to be to increase efficiency and value for money, has resulted in:
1. Higher prices than anywhere else in Europe
.
Not true.

https://ec.europa.eu/energy/data-analys ... artners_en

VeritasVincit
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Re: Energy market

Post by VeritasVincit »

Just after reading the above I looked at an on-line newspaper.
My supplier, Avro, is ceasing trading. But they haven't got around to telling me.

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antdad
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Re: Energy market

Post by antdad »

I'm sure you know VV, nothing you can do but sit tight and weight for one the main players to turn up and offer you a vig. That reminds me The Sopranos is on.

VeritasVincit
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Re: Energy market

Post by VeritasVincit »

That seems to be the Ofgen advice, but I've only seen it in the press; no notificattion.

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Sid Pervcat
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Re: Energy market

Post by Sid Pervcat »

We're with avro energy...also ceased trading.
Another supplier will be nominated with no disruption to service apparently.
05.02.2024

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shabbado
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Re: Energy market

Post by shabbado »

Are you guaranteed to be on the same tariff when you get switched supplier?
A joyless arsehole.

VeritasVincit
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Re: Energy market

Post by VeritasVincit »

Sid Pervcat wrote: Thu Sep 23, 2021 7:44 am We're with avro energy...also ceased trading.
Another supplier will be nominated with no disruption to service apparently.
That's who I was with.

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