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aus+uk / uk.d-i-y / OT: Wholesale energy price rise

SubjectAuthor
* OT: Wholesale energy price riseR D S
+* Re: OT: Wholesale energy price riseAndy Burns
|`* Re: OT: Wholesale energy price riseAndrew
| `* Re: OT: Wholesale energy price riseTim Streater
|  +* Re: OT: Wholesale energy price riseAndrew
|  |`* Re: OT: Wholesale energy price riseTim Streater
|  | `* Re: OT: Wholesale energy price riseAndy Burns
|  |  +- Re: OT: Wholesale energy price riseTim Streater
|  |  `* Re: OT: Wholesale energy price riseJock
|  |   `* Re: OT: Wholesale energy price riseAndy Burns
|  |    +* Re: OT: Wholesale energy price riseAndy Burns
|  |    |`- Re: OT: Wholesale energy price riseJock
|  |    `* Re: OT: Wholesale energy price riseJock
|  |     `* Re: OT: Wholesale energy price riseTim Streater
|  |      `- Re: OT: Wholesale energy price riseJock
|  `* Re: OT: Wholesale energy price riseR Souls
|   +* Re: OT: Wholesale energy price riseJock
|   |`* Re: OT: Wholesale energy price riseR Souls
|   | `- Re: OT: Wholesale energy price riseRod Speed
|   `* Re: OT: Wholesale energy price risePaul
|    +* Re: OT: Wholesale energy price riseTim Streater
|    |`- Re: OT: Wholesale energy price riseR Souls
|    `- Re: OT: Wholesale energy price riseJock
+* Re: OT: Wholesale energy price riseJeff Gaines
|`* Re: OT: Wholesale energy price riseR D S
| +* Re: OT: Wholesale energy price risemm0fmf
| |`* Re: OT: Wholesale energy price riseTim Streater
| | +* Re: OT: Wholesale energy price riseJeff Gaines
| | |+- Re: OT: Wholesale energy price riseJock
| | |+* Re: OT: Wholesale energy price riseRichard
| | ||`* Re: OT: Wholesale energy price riseAndrew
| | || +* Re: OT: Wholesale energy price riseTim Streater
| | || |+- Re: OT: Wholesale energy price riseAndrew
| | || |`* Re: OT: Wholesale energy price riseR D S
| | || | `* Re: OT: Wholesale energy price riseRichard
| | || |  `- Re: OT: Wholesale energy price riseR D S
| | || +* Re: OT: Wholesale energy price riseJock
| | || |`- Re: OT: Wholesale energy price riseRichard
| | || `- Re: OT: Wholesale energy price risewilliamwright
| | |`* Re: OT: Wholesale energy price riseTim Streater
| | | +- Re: OT: Wholesale energy price risealan_m
| | | `- Re: OT: Wholesale energy price riseJock
| | +- Re: OT: Wholesale energy price riseJock
| | +* Re: OT: Wholesale energy price risewilliamwright
| | |+* Re: OT: Wholesale energy price riseJeff Gaines
| | ||+* Re: OT: Wholesale energy price riseAndrew
| | |||+* Re: OT: Wholesale energy price riseJeff Gaines
| | ||||`* Re: OT: Wholesale energy price riseAndrew
| | |||| `- Re: OT: Wholesale energy price riseJeff Gaines
| | |||`- Re: OT: Wholesale energy price riseJock
| | ||`* Re: OT: Wholesale energy price riseRichard
| | || `* Re: OT: Wholesale energy price riseJeff Gaines
| | ||  `- Re: OT: Wholesale energy price riseRichard
| | |`* Re: OT: Wholesale energy price riseTim Lamb
| | | +- Re: OT: Wholesale energy price riseR D S
| | | `* Re: OT: Wholesale energy price risewilliamwright
| | |  `- Re: OT: Wholesale energy price riseTim Lamb
| | `- Re: OT: Wholesale energy price riseJohn Rumm
| `* Re: OT: Wholesale energy price riseMartin Brown
|  `- Re: OT: Wholesale energy price riseAndy Burns
+* Re: OT: Wholesale energy price riseR D S
|`* Re: OT: Wholesale energy price riseJethro_uk
| `- Re: OT: Wholesale energy price riseR D S
+* Re: OT: Wholesale energy price riseRobin
|+* Re: OT: Wholesale energy price riseR D S
||`* Re: OT: Wholesale energy price riseR D S
|| +- Re: OT: Wholesale energy price riseRobin
|| `- Re: OT: Wholesale energy price riseRichard
|`- Re: OT: Wholesale energy price riseAndrew
+* Re: OT: Wholesale energy price riseChris Hogg
|+- Re: OT: Wholesale energy price risePancho
|+- Re: OT: Wholesale energy price riseTim Streater
|`* Re: OT: Wholesale energy price riseVir Campestris
| +- Re: OT: Wholesale energy price riseBrian Gaff \(Sofa\)
| `- Re: OT: Wholesale energy price riseAndrew
+* Re: OT: Wholesale energy price risePeter Able
|+* Re: OT: Wholesale energy price riseRobin
||+* Re: OT: Wholesale energy price riseAndrew
|||`- Re: OT: Wholesale energy price riseRobin
||`- Re: OT: Wholesale energy price risePeter Able
|`* Re: OT: Wholesale energy price riseJNugent
| `* Re: OT: Wholesale energy price riseTim Streater
|  `* Re: OT: Wholesale energy price riseJNugent
|   `- Re: OT: Wholesale energy price riseTim Streater
`* Re: Wholesale energy price riseBrian Gaff \(Sofa\)
 `* Re: Wholesale energy price riseRJH
  +* Re: Wholesale energy price risealan_m
  |`* Re: Wholesale energy price riseBrian Gaff
  | `- Re: Wholesale energy price risealan_m
  `* Re: Wholesale energy price riseBrian Gaff
   `* Re: Wholesale energy price risecharles
    +- Re: Wholesale energy price riseDave Plowman (News)
    +- Re: Wholesale energy price riseRobin
    +- Re: Wholesale energy price riseBrian Gaff \(Sofa\)
    `* Re: Wholesale energy price riseChris Hogg
     +* Re: Wholesale energy price riseThe Natural Philosopher
     |+* Re: Wholesale energy price risecharles
     ||`- Re: Wholesale energy price riseThe Natural Philosopher
     |`* Re: Wholesale energy price riseAndrew
     | `- Re: Wholesale energy price risecharles
     +* Re: Wholesale energy price risealan_m
     `- Re: Wholesale energy price riseTim Streater

Pages:12345
OT: Wholesale energy price rise

<t52msn$64r$1@dont-email.me>

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https://www.novabbs.com/aus+uk/article-flat.php?id=51601&group=uk.d-i-y#51601

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From: rsa...@yahoo.com (R D S)
Newsgroups: uk.d-i-y
Subject: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 09:39:50 +0100
Organization: A noiseless patient Spider
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 by: R D S - Fri, 6 May 2022 08:39 UTC

Save me wading through search results.....

Is anyone aware of how much the wholesale price of electricity has risen
since 2020?
Is there any justifiable reason that my unit price should be almost
treble what it was this time 2 years ago.

If this shit keeps up i'm going to be about 3k per year out of pocket at
work!

Re: OT: Wholesale energy price rise

<jdk5mcFnar8U1@mid.individual.net>

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From: use...@andyburns.uk (Andy Burns)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 09:48:10 +0100
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 by: Andy Burns - Fri, 6 May 2022 08:48 UTC

R D S wrote:

> Is there any justifiable reason that my unit price should be almost treble what
> it was this time 2 years ago.

rising gas prices + supplier bailout costs = rising electricity prices.

Re: OT: Wholesale energy price rise

<xn0nhji951gmtdu004@news.individual.net>

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From: jgaines_...@yahoo.co.uk (Jeff Gaines)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: 6 May 2022 09:01:21 GMT
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 by: Jeff Gaines - Fri, 6 May 2022 09:01 UTC

On 06/05/2022 in message <t52msn$64r$1@dont-email.me> R D S wrote:

>Save me wading through search results.....
>
>Is anyone aware of how much the wholesale price of electricity has risen
>since 2020?
>Is there any justifiable reason that my unit price should be almost treble
>what it was this time 2 years ago.
>
>If this shit keeps up i'm going to be about 3k per year out of pocket at
>work!

Look on the bright side. When I bought my car it held £35 worth f fuel,
it now holds £65 worth.

--
Jeff Gaines Dorset UK
Remember, the Flat Earth Society has members all around the globe.

Re: OT: Wholesale energy price rise

<t52ofg$gso$1@dont-email.me>

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From: rsa...@yahoo.com (R D S)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 10:06:56 +0100
Organization: A noiseless patient Spider
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 by: R D S - Fri, 6 May 2022 09:06 UTC

On 06/05/2022 10:01, Jeff Gaines wrote:
> On 06/05/2022 in message <t52msn$64r$1@dont-email.me> R D S wrote:
>
>> Save me wading through search results.....
>>
>> Is anyone aware of how much the wholesale price of electricity has
>> risen since 2020?
>> Is there any justifiable reason that my unit price should be almost
>> treble what it was this time 2 years ago.
>>
>> If this shit keeps up i'm going to be about 3k per year out of pocket
>> at work!
>
> Look on the bright side. When I bought my car it held £35 worth f fuel,
> it now holds £65 worth.
>

Don't get me started on that, I hit the £99 max paying at the pump
yesterday before the tank was full.

Re: OT: Wholesale energy price rise

<t52p9m$n5b$1@dont-email.me>

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From: rsa...@yahoo.com (R D S)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 10:20:54 +0100
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 by: R D S - Fri, 6 May 2022 09:20 UTC

On 06/05/2022 09:39, R D S wrote:
> Is there any justifiable reason that my unit price should be almost
> treble what it was this time 2 years ago.
>

It would seem the comparison sites won't give you a quote until they've
been invited to hassle you by phone.

Re: OT: Wholesale energy price rise

<t52r1e$ddg$2@dont-email.me>

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From: jethro...@hotmailbin.com (Jethro_uk)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 09:50:38 -0000 (UTC)
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 by: Jethro_uk - Fri, 6 May 2022 09:50 UTC

On Fri, 06 May 2022 10:20:54 +0100, R D S wrote:

> On 06/05/2022 09:39, R D S wrote:
>> Is there any justifiable reason that my unit price should be almost
>> treble what it was this time 2 years ago.
>>
>>
> It would seem the comparison sites won't give you a quote until they've
> been invited to hassle you by phone.

I have a never connected VOIP number for such people.

Re: OT: Wholesale energy price rise

<1011632b-4cbf-6efb-e4ff-2a193ac5af16@outlook.com>

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From: rbw...@outlook.com (Robin)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 10:52:26 +0100
Organization: A noiseless patient Spider
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 by: Robin - Fri, 6 May 2022 09:52 UTC

On 06/05/2022 09:39, R D S wrote:
> Save me wading through search results.....
>
> Is anyone aware of how much the wholesale price of electricity has risen
> since 2020?
> Is there any justifiable reason that my unit price should be almost
> treble what it was this time 2 years ago.
>
> If this shit keeps up i'm going to be about 3k per year out of pocket at
> work!

Ofgem know. And they've more than trebled.

<https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators>

--
Robin
reply-to address is (intended to be) valid

Re: OT: Wholesale energy price rise

<t52rer$7vm$1@dont-email.me>

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From: rsa...@yahoo.com (R D S)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 10:57:47 +0100
Organization: A noiseless patient Spider
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 by: R D S - Fri, 6 May 2022 09:57 UTC

On 06/05/2022 10:50, Jethro_uk wrote:
>
> I have a never connected VOIP number for such people.

They're cleverer than that it would seem, the 2 I tried use the same
system (Bionic). A popup on the screen blocking the tariffs said they
were calling and the screen would clear once they had spoken to me.
I'd put a false phone number in and have since had an email saying they
couldn't get in touch and asking me to call them.

It's plainly a terrible time to lock into a contract for the next few
years but they don't care because they'll get paid if you switch.

I've been to a few suppliers directly and it seems there are no real
deals to be had so it's suck it up territory.

We've far too much lighting in this place anyway, i've been meaning to
tone it down for some time.

Re: OT: Wholesale energy price rise

<t52s1k$cc2$1@dont-email.me>

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From: rsa...@yahoo.com (R D S)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 11:07:48 +0100
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 by: R D S - Fri, 6 May 2022 10:07 UTC

On 06/05/2022 10:52, Robin wrote:
>
> Ofgem know.  And they've more than trebled.
>
> <https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators>
>
Christ.

Re: OT: Wholesale energy price rise

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From: rsa...@yahoo.com (R D S)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 11:12:59 +0100
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 by: R D S - Fri, 6 May 2022 10:12 UTC

On 06/05/2022 11:07, R D S wrote:
> On 06/05/2022 10:52, Robin wrote:
>>
>> Ofgem know.  And they've more than trebled.
>>
>> <https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators>
>>
> Christ.
>

You've to wonder why.....

"Firstly, last winter was particularly cold in Europe, which both drove
up demand and used up stored gas supplies."

Mmmh, we had a really busy March, should I have doubled our prices in April?

Re: OT: Wholesale energy price rise

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From: rbw...@outlook.com (Robin)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 11:45:59 +0100
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 by: Robin - Fri, 6 May 2022 10:45 UTC

On 06/05/2022 11:12, R D S wrote:
> On 06/05/2022 11:07, R D S wrote:
>> On 06/05/2022 10:52, Robin wrote:
>>>
>>> Ofgem know.  And they've more than trebled.
>>>
>>> <https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators>
>>>
>> Christ.
>>
>
> You've to wonder why.....
>
> "Firstly, last winter was particularly cold in Europe, which both drove
> up demand and used up stored gas supplies."
>
> Mmmh, we had a really busy March, should I have doubled our prices in
> April?

Yes if you want to maximize your profit, this was an increase in demand
across your market, and that market has a similar demand curve as gas.

I'm reminded of Dirty Harry's question :)

--
Robin
reply-to address is (intended to be) valid

Re: OT: Wholesale energy price rise

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From: me...@privacy.net (Chris Hogg)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 06 May 2022 12:38:34 +0100
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 by: Chris Hogg - Fri, 6 May 2022 11:38 UTC

On Fri, 6 May 2022 09:39:50 +0100, R D S <rsandr@yahoo.com> wrote:

>Save me wading through search results.....
>
>Is anyone aware of how much the wholesale price of electricity has risen
>since 2020?
>Is there any justifiable reason that my unit price should be almost
>treble what it was this time 2 years ago.
>
>If this shit keeps up i'm going to be about 3k per year out of pocket at
>work!

Seeing the massive profits announced recently by the likes of Shell
and BP, the whole business makes me angry.

They hide behind the explanation that it's market prices across the
world, brought on by the Covid pandemic and Russia's invasion of
Ukraine.

But their supply costs haven't gone up much - a few percent maybe -
and they're just taking advantage of the global energy prices to cash
in. It costs little more to extract gas or oil from under the North
Sea today for example, compared to three or four years ago, especially
as all the exploration work, drilling, pipeline-laying etc, was
finished decades ago. All they have to do is man the platforms and
open and close valves, as appropriate.

I do hope the government slaps a whacking great windfall tax on them,
which, bearing in mind I've never had socialist tendencies in my life,
shows just how annoyed it makes me!

--
Chris

Re: OT: Wholesale energy price rise

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From: stu...@home.com (Peter Able)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 11:44:08 +0100
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 by: Peter Able - Fri, 6 May 2022 10:44 UTC

On 06/05/2022 09:39, R D S wrote:
> Save me wading through search results.....
>
> Is anyone aware of how much the wholesale price of electricity has risen
> since 2020?
> Is there any justifiable reason that my unit price should be almost
> treble what it was this time 2 years ago.
>
> If this shit keeps up i'm going to be about 3k per year out of pocket at
> work!

Best chart I've found is:

https://www.cliffordtalbot.co.uk/energy-prices/

"Show all" covers last seven years.

As for justifiable - my supplier is charging me about 50% more for my
electricity than the, currently quite stable, wholesale rate. Huh!

PA

Re: OT: Wholesale energy price rise

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From: rbw...@outlook.com (Robin)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 13:13:12 +0100
Organization: A noiseless patient Spider
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 by: Robin - Fri, 6 May 2022 12:13 UTC

On 06/05/2022 11:44, Peter Able wrote:
> On 06/05/2022 09:39, R D S wrote:
>> Save me wading through search results.....
>>
>> Is anyone aware of how much the wholesale price of electricity has
>> risen since 2020?
>> Is there any justifiable reason that my unit price should be almost
>> treble what it was this time 2 years ago.
>>
>> If this shit keeps up i'm going to be about 3k per year out of pocket
>> at work!
>
> Best chart I've found is:
>
> https://www.cliffordtalbot.co.uk/energy-prices/
>
> "Show all" covers last seven years.
>
> As for justifiable - my supplier is charging me about 50% more for my
> electricity than the, currently quite stable, wholesale rate.  Huh!
>

The price you pay includes network costs, social and environmental
obligations, other direct costs, your supplier's costs and profit
margin, plus VAT.

--
Robin
reply-to address is (intended to be) valid

Re: OT: Wholesale energy price rise

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From: Pancho.D...@outlook.com (Pancho)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 14:09:19 +0100
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 by: Pancho - Fri, 6 May 2022 13:09 UTC

On 06/05/2022 12:38, Chris Hogg wrote:
> On Fri, 6 May 2022 09:39:50 +0100, R D S <rsandr@yahoo.com> wrote:
>
>> Save me wading through search results.....
>>
>> Is anyone aware of how much the wholesale price of electricity has risen
>> since 2020?
>> Is there any justifiable reason that my unit price should be almost
>> treble what it was this time 2 years ago.
>>
>> If this shit keeps up i'm going to be about 3k per year out of pocket at
>> work!
>
> Seeing the massive profits announced recently by the likes of Shell
> and BP, the whole business makes me angry.
>
> They hide behind the explanation that it's market prices across the
> world, brought on by the Covid pandemic and Russia's invasion of
> Ukraine.
>
> But their supply costs haven't gone up much - a few percent maybe -
> and they're just taking advantage of the global energy prices to cash
> in. It costs little more to extract gas or oil from under the North
> Sea today for example, compared to three or four years ago, especially
> as all the exploration work, drilling, pipeline-laying etc, was
> finished decades ago. All they have to do is man the platforms and
> open and close valves, as appropriate.
>
> I do hope the government slaps a whacking great windfall tax on them,
> which, bearing in mind I've never had socialist tendencies in my life,
> shows just how annoyed it makes me!
>

It is supply and demand.

Suppliers, in particular Russia, wanted long term fixed price contracts.
When covid caused energy demand to collapse, customers were quick to
take advantage. So it is natural, suppliers wouldn't be feeling generous.

So, what exactly do you tax?

We can tax local production, but anything else, and long term, companies
will find a way around it, very likely to the UK's detriment.

The proper answer is to have supply security. But as you, and others,
have noted, energy policy has been cloud-cuckoo-land for decades. Now we
have cloud-cuckoo-land notion of doing without Russian resources.

More generally, globalisation has left us open to many supply
insecurities. After Ukraine, and the sanctions on Russia, countries
across the world will be looking for such security. Obviously
security/self-sufficiency is easier in a large stable, trustworthy,
community.

It really would have been better to let Russia do as they wished and
take the time to sort ourselves out.

Re: OT: Wholesale energy price rise

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From: Andrew97...@mybtinternet.com (Andrew)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 15:37:13 +0100
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 by: Andrew - Fri, 6 May 2022 14:37 UTC

On 06/05/2022 09:48, Andy Burns wrote:
> R D S wrote:
>
>> Is there any justifiable reason that my unit price should be almost
>> treble what it was this time 2 years ago.
>
> rising gas prices + supplier bailout costs = rising electricity prices.

Unless you are one of the 1.5 million bulb customers who are keeping
their previous deals now that bulb is in 'special administration' and
the taxpayer is paying.

Re: OT: Wholesale energy price rise

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From: timstrea...@greenbee.net (Tim Streater)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: 6 May 2022 14:51:12 GMT
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 by: Tim Streater - Fri, 6 May 2022 14:51 UTC

On 06 May 2022 at 12:38:34 BST, Chris Hogg <me@privacy.net> wrote:

> On Fri, 6 May 2022 09:39:50 +0100, R D S <rsandr@yahoo.com> wrote:
>
>> Save me wading through search results.....
>>
>> Is anyone aware of how much the wholesale price of electricity has risen
>> since 2020?
>> Is there any justifiable reason that my unit price should be almost
>> treble what it was this time 2 years ago.
>>
>> If this shit keeps up i'm going to be about 3k per year out of pocket at
>> work!
>
> Seeing the massive profits announced recently by the likes of Shell
> and BP, the whole business makes me angry.
>
> They hide behind the explanation that it's market prices across the
> world, brought on by the Covid pandemic and Russia's invasion of
> Ukraine.
>
> But their supply costs haven't gone up much - a few percent maybe -
> and they're just taking advantage of the global energy prices to cash
> in. It costs little more to extract gas or oil from under the North
> Sea today for example, compared to three or four years ago, especially
> as all the exploration work, drilling, pipeline-laying etc, was
> finished decades ago. All they have to do is man the platforms and
> open and close valves, as appropriate.

You're being naive, which is unlike you.

They can't just whack up output at the drop of a hat. And if they sell at
previous prices to some middleman, that just means the middle man sells it on
at market prices and makes a killing. Suppose Shell and BP's petrol stations
started selling at £1.20/litre for our benefit. About two seconds later they'd
be visited by wide boys towing tanks behind their vans buying up 1000 litres
each and then selling on to the rest of us at below current pump prices.

And don't say they could ration it. There'd then be long queues outside BP and
Shell petrol stations and the crooks would still manage to black-market it.

> I do hope the government slaps a whacking great windfall tax on them,
> which, bearing in mind I've never had socialist tendencies in my life,
> shows just how annoyed it makes me!

The Times had a leader today explaining why that's be a bad idea.

--
"It is hard to imagine a more stupid decision or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong." -- Thomas Sowell

Re: OT: Wholesale energy price rise

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Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 15:52:28 +0100
Organization: Aioe.org NNTP Server
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 by: Andrew - Fri, 6 May 2022 14:52 UTC

On 06/05/2022 10:52, Robin wrote:
> On 06/05/2022 09:39, R D S wrote:
>> Save me wading through search results.....
>>
>> Is anyone aware of how much the wholesale price of electricity has
>> risen since 2020?
>> Is there any justifiable reason that my unit price should be almost
>> treble what it was this time 2 years ago.
>>
>> If this shit keeps up i'm going to be about 3k per year out of pocket
>> at work!
>
> Ofgem know.  And they've more than trebled.
>
> <https://www.ofgem.gov.uk/energy-data-and-research/data-portal/wholesale-market-indicators>
>
>

So wholesale was 5.308 pence/KwH in feb 2021 and was 19.245 pence/kwH
as of 28/3/2022 which is still less then the 30p/KwH that I am now
paying so it's not as though they are selling it to me for less than
they are paying.

Or have I got this wrong somewhere ?

Looks like Hinkley C might be a bargain at £92/MwH after all,
except that I found this -

https://www.lowcarboncontracts.uk/cfds/hinkley-point-c

where it states that the strike price is already up to £106.12/MwH
and the longer EDF can delay it, the more they can charge, or so
would seem.

Re: OT: Wholesale energy price rise

<jdkr1oFrd0jU1@mid.individual.net>

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From: timstrea...@greenbee.net (Tim Streater)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: 6 May 2022 14:52:40 GMT
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 by: Tim Streater - Fri, 6 May 2022 14:52 UTC

On 06 May 2022 at 15:37:13 BST, Andrew <Andrew97d-junk@mybtinternet.com>
wrote:

> On 06/05/2022 09:48, Andy Burns wrote:
>> R D S wrote:
>>
>>> Is there any justifiable reason that my unit price should be almost
>>> treble what it was this time 2 years ago.
>>
>> rising gas prices + supplier bailout costs = rising electricity prices.
>
> Unless you are one of the 1.5 million bulb customers who are keeping
> their previous deals now that bulb is in 'special administration' and
> the taxpayer is paying.

As I said before, The French are the ones laughing now, as they had the sense
to go hugely nuclear years ago.

--
All of science is either physics or stamp-collecting.

Ernest Rutherford

Re: OT: Wholesale energy price rise

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From: Andrew97...@mybtinternet.com (Andrew)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 15:56:07 +0100
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 by: Andrew - Fri, 6 May 2022 14:56 UTC

On 06/05/2022 13:13, Robin wrote:
> On 06/05/2022 11:44, Peter Able wrote:
>> On 06/05/2022 09:39, R D S wrote:
>>> Save me wading through search results.....
>>>
>>> Is anyone aware of how much the wholesale price of electricity has
>>> risen since 2020?
>>> Is there any justifiable reason that my unit price should be almost
>>> treble what it was this time 2 years ago.
>>>
>>> If this shit keeps up i'm going to be about 3k per year out of pocket
>>> at work!
>>
>> Best chart I've found is:
>>
>> https://www.cliffordtalbot.co.uk/energy-prices/
>>
>> "Show all" covers last seven years.
>>
>> As for justifiable - my supplier is charging me about 50% more for my
>> electricity than the, currently quite stable, wholesale rate.  Huh!
>>
>
> The price you pay includes network costs, social and environmental
> obligations, other direct costs, your supplier's costs and profit
> margin, plus VAT.
>
>
>
But apart from VAT (which could be removed) the wholesale price
is simply added on to those costs to give the retail price/KwH.
The latter is not simply derived from a percentage markup on the
wholesale price.

Re: OT: Wholesale energy price rise

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From: Andrew97...@mybtinternet.com (Andrew)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 15:59:51 +0100
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 by: Andrew - Fri, 6 May 2022 14:59 UTC

On 06/05/2022 15:52, Tim Streater wrote:
> On 06 May 2022 at 15:37:13 BST, Andrew <Andrew97d-junk@mybtinternet.com>
> wrote:
>
>> On 06/05/2022 09:48, Andy Burns wrote:
>>> R D S wrote:
>>>
>>>> Is there any justifiable reason that my unit price should be almost
>>>> treble what it was this time 2 years ago.
>>>
>>> rising gas prices + supplier bailout costs = rising electricity prices.
>>
>> Unless you are one of the 1.5 million bulb customers who are keeping
>> their previous deals now that bulb is in 'special administration' and
>> the taxpayer is paying.
>
> As I said before, The French are the ones laughing now, as they had the sense
> to go hugely nuclear years ago.
>

Though I read somewhere that nearly half the current 'fleet' of
French nukes are out of commission for various reasons. Weren't we
supplying them last summer through the interconnect ?.

Re: OT: Wholesale energy price rise

<b54a812d-3652-5ee4-41bd-3f3e1dc05c07@outlook.com>

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From: rbw...@outlook.com (Robin)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 17:11:14 +0100
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 by: Robin - Fri, 6 May 2022 16:11 UTC

On 06/05/2022 15:56, Andrew wrote:
> On 06/05/2022 13:13, Robin wrote:
>> On 06/05/2022 11:44, Peter Able wrote:
>>> On 06/05/2022 09:39, R D S wrote:
>>>> Save me wading through search results.....
>>>>
>>>> Is anyone aware of how much the wholesale price of electricity has
>>>> risen since 2020?
>>>> Is there any justifiable reason that my unit price should be almost
>>>> treble what it was this time 2 years ago.
>>>>
>>>> If this shit keeps up i'm going to be about 3k per year out of
>>>> pocket at work!
>>>
>>> Best chart I've found is:
>>>
>>> https://www.cliffordtalbot.co.uk/energy-prices/
>>>
>>> "Show all" covers last seven years.
>>>
>>> As for justifiable - my supplier is charging me about 50% more for my
>>> electricity than the, currently quite stable, wholesale rate.  Huh!
>>>
>>
>> The price you pay includes network costs, social and environmental
>> obligations, other direct costs, your supplier's costs and profit
>> margin, plus VAT.
>>
>>
>>
> But apart from VAT (which could be removed) the wholesale price
> is simply added on to those costs to give the retail price/KwH.
> The latter is not simply derived from a percentage markup on the
> wholesale price.

Yep, which is why the "mark up" on the wholesale price is much /lower/
now than it used to be.

--
Robin
reply-to address is (intended to be) valid

Re: OT: Wholesale energy price rise

<jdl104Fsg5lU2@mid.individual.net>

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From: jennings...@fastmail.fm (JNugent)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: Fri, 6 May 2022 17:34:13 +0100
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 by: JNugent - Fri, 6 May 2022 16:34 UTC

On 06/05/2022 11:44 am, Peter Able wrote:

> On 06/05/2022 09:39, R D S wrote:

>> Save me wading through search results.....
>
>> Is anyone aware of how much the wholesale price of electricity has
>> risen since 2020?
>> Is there any justifiable reason that my unit price should be almost
>> treble what it was this time 2 years ago.
>> If this shit keeps up i'm going to be about 3k per year out of pocket
>> at work!

> Best chart I've found is:
> https://www.cliffordtalbot.co.uk/energy-prices/
> "Show all" covers last seven years.
>
> As for justifiable - my supplier is charging me about 50% more for my
> electricity than the, currently quite stable, wholesale rate.  Huh!

They must have *some* overheads to cover on top of the wholesale purchases.

Re: OT: Wholesale energy price rise

<jdl3hrFsvcvU1@mid.individual.net>

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From: timstrea...@greenbee.net (Tim Streater)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: 6 May 2022 17:17:47 GMT
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 by: Tim Streater - Fri, 6 May 2022 17:17 UTC

On 06 May 2022 at 15:59:51 BST, Andrew <Andrew97d-junk@mybtinternet.com>
wrote:

> On 06/05/2022 15:52, Tim Streater wrote:
>> On 06 May 2022 at 15:37:13 BST, Andrew <Andrew97d-junk@mybtinternet.com>
>> wrote:
>>
>>> On 06/05/2022 09:48, Andy Burns wrote:
>>>> R D S wrote:
>>>>
>>>>> Is there any justifiable reason that my unit price should be almost
>>>>> treble what it was this time 2 years ago.
>>>>
>>>> rising gas prices + supplier bailout costs = rising electricity prices.
>>>
>>> Unless you are one of the 1.5 million bulb customers who are keeping
>>> their previous deals now that bulb is in 'special administration' and
>>> the taxpayer is paying.
>>
>> As I said before, The French are the ones laughing now, as they had the sense
>> to go hugely nuclear years ago.
>
> Though I read somewhere that nearly half the current 'fleet' of
> French nukes are out of commission for various reasons. Weren't we
> supplying them last summer through the interconnect ?.

I suspect a number of their plants are getting a bit elderly, like ours.
They'll have to start replacing them, just as we are.

--
When I saw how the European Union was developing, it was very obvious what they had in mind was not democratic. In Britain you vote for a government so the government has to listen to you, and if you don't like it you can change it.

Tony Benn

Re: OT: Wholesale energy price rise

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From: timstrea...@greenbee.net (Tim Streater)
Newsgroups: uk.d-i-y
Subject: Re: OT: Wholesale energy price rise
Date: 6 May 2022 17:19:05 GMT
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 by: Tim Streater - Fri, 6 May 2022 17:19 UTC

On 06 May 2022 at 17:34:13 BST, JNugent <jennings&co@fastmail.fm> wrote:

> On 06/05/2022 11:44 am, Peter Able wrote:
>
>> On 06/05/2022 09:39, R D S wrote:
>
>>> Save me wading through search results.....
>>
>>> Is anyone aware of how much the wholesale price of electricity has
>>> risen since 2020?
>>> Is there any justifiable reason that my unit price should be almost
>>> treble what it was this time 2 years ago.
>>> If this shit keeps up i'm going to be about 3k per year out of pocket
>>> at work!
>
>> Best chart I've found is:
>> https://www.cliffordtalbot.co.uk/energy-prices/
>> "Show all" covers last seven years.
>>
>> As for justifiable - my supplier is charging me about 50% more for my
>> electricity than the, currently quite stable, wholesale rate. Huh!
>
> They must have *some* overheads to cover on top of the wholesale purchases.

Well duh. Who d'ye think pays for their websites, their sales staff who you
call to get a quote, their billing operation?

--
Anyone who slaps a 'this page is best viewed with Browser X' label on a Web page appears to be yearning for the bad old days, before the Web, when you had very little chance of reading a document written on another computer, another word processor, or another network.

-- Tim Berners-Lee

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