Energy price cap: Households face annual bills of more than £3,500 from October
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- Опубликовано: 16 окт 2024
- By October, a typical household will face an energy bill of more than £3,500 a year as the price cap, which sets out how much energy providers can charge customers, isn't just lifted - but virtually obliterated. (Subscribe: bit.ly/C4_News...)
And that £3,500 could be much worse.
By next spring bills could be almost twice as much again. With already hard-pressed families wondering how on earth they're going to manage - the government has admitted it has "to do more". But what exactly?
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Politicians don't pay energy bills, we pay their on MPs expenses. They should lose, even temporarily, this perk, then they might understand energy bills. No more bills for MPs stables.
The British should call for an election! Conservatives care about no one but themselves.
Pay them with minimum wage so they're all know how do their job properly instead of talking loads rubbish...
Wouldn't even dent their income, as they have shares in the energy exporters. P1ss in the same pot springs to mind.
Some politicians say that people are okay paying high energy bill because they support Ukraine… sanctions seem to be hurting Europe more than the Russians
That can't be true 🤣🤣🤡in what country do the citizens pay the governments bills 🤔 🤣🤣they have bills just like everyone else what nonsense are you talking about
Don’t blame Russian ,you should blame these corrupt people and we all know who they are..
They say Russia weaponizes gas but who made the sanctions?
Agree
reminds me of the tuition fee , raised and never put back down.
I remember the 80's, when university tuition was free. Students and lecturer's went on strike when fee's were introduced. Now it's the norm to leave Uni with £20,000 - £30,000 - £40,000 in debt before you even start life.
Real stupid move to sanction Russia punks
@@DJ-Daz According to Chomsky it is delibrately like that so the educated are less in a place to rebel against the powerful
@@DJ-Daz why did they go on strikes?
@@DJ-Daz and the job market is like krypton factor 2020
UK needs to nationalize the energy company just like France did. France is only paying 3%-5% extra
But there's a third way...
LEGALISE WEED AND USE IT TO POWER THE ENERGY GRID! 🤩🤩🤩
🔶LIB DEM🔶
🔶LIB DEM🔶
🔶LIB DEM🔶
No to communism
@@Dhi77on nationalizing utilities isn't communism..
they have but it doesn't impact the wholesale price, so they will need to pay the difference back via taxation.
@@Dhi77on
So France and Macron, a Neo-liberal, is a communist?
What a damned disgrace.
Sad
Absolutely disgraceful and disappointed and disgusting. Is this UK? developed country?!!!! Iam utterly shocked, can't believe it. All the politicians and wealthy people should start getting minimum wage,so they will definitely realise the pain of people like us. 😣😢😢😢😢😢😢😢😢😢😢😢😢😢😢😔
Well said i applaud you👏👏
Should have stuck in at school perhaps?
Who's going t kick them out.Alexandra the great.The sword was greater once but now its media lies and social control that people seem to believe in.There will come the time when millatry and and the law will turn against each other its only a matter of time.
@@edwinromilly4645 only trouble is they will still claim around 150000 in expenses lol
Probably reaching £4500 in January, then it will go over £5000 pretty quickly in 2023. And those prices aren't coming down. Payments to cover one 6 month period aren't going to help. OFGEM is saying they had to switch to quarterly increases to stop energy suppliers failing. They'll fail anyway when millions of their customers can't pay these huge and regular price increases. Oh and Emma Pinchbeck, low income households aren't on £35000 a year, the average UK salary isn't even that much. Can't believe the interviewer didn't pick her up on that.
18 grand is the average.
Don’t worry. It’s pennies for Ofgem CEO Jonathan Brearley who is on £300,000+ annually.
@@CastleKnight7 He must think his salary is the national average! 😁
I’m actually so surprised that there isn’t any massive violent riots yet by citizens of the US, UK and Europe to take back their country after seeing the massive recession caused by their incompetent leader. Best opportunity to take the streets and loot without facing any consequences since its justifiable for all the sufferings people in the west are enduring now. Rare opportunity to storm the central banks and loot all the cash and golds
When it all kicks off I'm gonna get mine, Mmmwwwaaahahahahaha.
They should put a cap on profits by Energy companies too!
well when pigs fly they will.. they are making bank so they wouldn't
maybe a cap on ESG policies as well
7 billion in the last 6 months these companies have made profit.
If they think I'm giving a penny to this corruption they are very wrong.
My direct debits ive stopped Keep them out of your bank accounts !!
Well the EU is planning to do exactly that.
DON'T PAY OCT 1st..This needs to happen ..People have the power if we stand together..Support our workers not big companies or Governments..
@Fredrik Legally they can't shut your power / gas off during or entering the winter months but at any other time they have to take steps to recover payments and work out options with the person including using debt collectors and only after this has failed they have to apply to the courts for a warrant for permission to disconnect power / gas. Generally what they will do instead is if you fail to pay and fail to agree to terms and the debt collection company fails then the energy company will apply for an entry forced entry warrant for the purpose of changing the gas meter to a pay as you go one with the bebt being added to the meter, and these can be granted at any time of the year.
This side of the energy company's I am sadly aware of as i was such a terrible human I mistakenly under paid my British Gas bill by £5 and since i was paperless I was not getting letters and they claimed to have sent 3 and the first i knew about it was a letter from the debt collectors for £5 lol
@Fredrik we have to do something, and all the government and big companies talk is money... No Action = No Change.. The whole Country needs to get behind this..
@@EQINOX187 I'm sure there won't be enough pay as you go meters to put one in every home that makes a stand..As with all Civil unrest, you can only hope it causes change in a better way..We can only hope what we are saying is heard..And we can only hope it doesn't happen again..
@@susannaimi5337 you need to send money to Ukraine to save Ukraine democraty
@Fredrik I do hope not.. I'm gonna lose my house at this rate 😔
Don’t pay. Screw the energy companies. This is extortion.
If you don't pay you will simply screw yourself.
That's what voting Tory does for you, problem is Starmer wants to give the same energy companies 29 billion for just 6 months and they didn't do anything to earn it just nationalise all the energy companies enough is enough
Then you end up paying twice your bill and your taxes. Britain with the onslaught of a new PM should call for an election. Vote in the party that will act now and for the future. Should have been relying on alternative energy sources decades ago.
Starmer doesnt want that, hes saying what will be unoffensive to Tories. He doesnt want to interupt the Tory car crash with scary words like nationalisation.
@@bostonblackie9503 But I won't have to listern to Starmers lies any more;-) nobody has got the money anyhow it's not won't pay it's can't pay but Starmer can give 29 billion away just like that
@@kawallabair3216 Nationalisation ain't a dirty word mate only for Starmer and his cult
Trouble is - Starmer is a Tory …
01:22 "....... Russia has weaponised its gas......." 🤔 Hold up. Isn't this the same gas they fought to be sanctioned to prevent it hitting the markets? Isn't that the biggest factor in energy prices?
Gas isn't sanctioned. Putin is turning it off in retaliation for other sanctions.
Spot on 👍🏼
Out of Ukraine, sactions down. Simple as that.
@@adrianthoroughgood1191 So they didn't try get sanctions on Russian gas & oil? Please address the point made before taking the discussion elsewhere. Who politicised the gas first?
Gas is also traded on world markets along with orange juice, sugar, coffee and even lean hogs. Traders will push the prices up. One trader made billions this summer by betting gas would go up to 10 dollars and it did!
I wish if the politician would have signed the document with Russia's that Ukraine won't join NATO and a lot of young men in Ukraine and Russia would have been alive and we wouldn't have this energy crisis!
No, the war would have happened eventually regardless. Maybe a little later. This isn't Russia's war: It's Putin's war. He is in charge, and he has ambitions of reclaiming territory that he regards as properly belonging to Russia.
It’s the same scenario as with Iraq, Afghanistan and others. Who can stop American hegemony?
Dear Ali
You are on the money. Politicians want war. A lot of money is made during war and a lot of these money end up helping Politicians either in form of kickback or donations during elections. That is why we have wars and will always have wars
But Boris had to have his play I'm like Churchill fantasy. That's what goes on under the head mop.
Bit of a bummer when you get less than £5000 per year
Lol. Are people in UK seriously on such low incomes?
@@drunkensailor112 that's benefits from the government.
@@hevchip741 that's still ridiculous. Lowest form of benefits here in Netherlands is 15.000 euros
@@drunkensailor112 £77 per week.
@@drunkensailor112 you think that's bad lots of people actually get less than that a year to live on and im not joking. 🇬🇧👍
Seriously for low income households she thinks 10% of disposable income is £3549. Low income households aren't on £50k.
That was a ludicrous comment... Its gonna be more like 35% of disposable income...plus, food is also hugely expensive now and a significant proportion...
@@ShafManTV She quoted last year. We’re heading for 45%
@@neilbarton6061 aye... Its very grim... 😔
To be fair, she's the CEO of the industry body representing one of the richest industries on the planet. £50K to her would represent about what she makes in 1-2 days and *about 30 seconds worth of profit* for her industry.
So, I don't think it's malice or spin on her behalf. I think she simply lacks context. For most people, 1 days wage would represent a low income and it would be hard to imagine anyone living on anything less than that. That's despite there being people in the world whom live on less than the daily wage of even the poorer people in developed nations.
It's all about context. I wouldn't be too concerned she didn't realise. I'd be more concerned that the bloke interviewing her didn't push back on her statement to provide that context to her.
Andy the idiot.
Look at all of you talking about nationalising a listed company..when Corbyn suggested it.. YOU ALL LAUGHED calling him a Communist and a racist..smh..where is the money coming from to buy up all the shares..from the "magic money tree" isn't that what you guys told Corbyn 😂😂😂
Sad
Hey the tabloids told us he was bad so it must be true.
Never ever vote Tory the heartless party
Putting up the prices and giving everyone a direct debit payment of £60 from their own monthly tax is not a solution it’s ridiculous
If they call it the deflationary bill, there's no way it will enhance inflation.
Please dont call customer service to yell at agents, there is nothing they can do
It’s disgusting and I hope everyone in England gets to the street and protests. And rips their meters out and pay direct. Stupid incompetent energy companies and government should not make people pay for their uselessness. I think there should be a big battle ahead now and I don’t think people should just sit there and take it for any reason.
How about NOT paying any bills!!!!
well said i applaud you👏👏
Buy shares in energy companies and we the people control the energy companies.
It's this simple.
What do you imagine protests and violence will achieve? You don't understand global trade at all, do you?
The problem is the price of imports on the international market are going up, and the UK is heavily reliant on imports. No one in the UK can change the international price of gas.
This is what the wicked monster of KGB is awaiting for!!! (((((
labor is right freeze the prices the fat cats got £4.5millions this year is the most unfair situation!
We are supposed to produce the gas ffs. Why should we pay more than everyone else...it should not be frozen it should be reduced...
Funny how we ostracise so-called fat cats who employ thousands of people in the companies they manage, but we hero worship footballers, F1 drivers and cerebritis who earn million per week and avoid tax by living overseas....
@@kevinsyd2012 not really in context though is it when they provide essential amenities and the other is a lifestyle choice
You know what make MPs pay for their own energy costs - fastest route to nationalizing energy companies! Why should MPs be able to offset their own costs from taxpayer funds!
Also why are Brits paying for the energy costs of the richest family in the UK?! The royal family can afford their own utility bills - that’s millions of pounds to help those struggling!
How will she pay upkeep on the 66 billion acres of land if we do that!
Constant stress and worry
Cause anxiety, severe depression
Panic attacks
And severe mental illness
And all Diseases
Heart disease
Cancers
Diabetes
And more
Poverty causes early death
Rich people live a longer happier, healthy lives than those that work for medium to low income
Or those that get a very low monthly check to live off of
How can we be told at the beginning of the interview that gas profit is zero for big companies, then told half way through that gas companies are posting 1.2 billion in profit.
It's zero for the retailers who buy gas and sell it to us. Lowering the price cap only impacts them. Seperate companies dig it out of the ground. They can charge what they like and are raking it in.
more like 75billion profit for starters mate
Depends which class of companies. There are multiple ones in the supply chain.
First you have the companies that actually extract the gas. This is the likes of Gazprom and BP. These companies are absolutely raking it in right now. Picture Scrooge McDuck's money bin.
Then you have the companies that sell energy to you. These carry out the same function as retailers: They buy wholesale, and sell to you. This is British Gas, Octopus, Etc. They are subject to the price cap for residences, and right now they are very much /not/ raking in the money, because they are selling a lot of the energy at a loss. The price cap mechanism was intended to protect the public from price shock in the event of a short-term disruption. For something that lasts this long, it's just putting companies out of business. The smaller ones first, like Bulb, that don't have the cash reserves to continue operating through the crisis.
There is some overlap, in the form of complicated corporate structures. British Gas doesn't directly pump gas out of the ground - but they are owned by Centrica, who do own rights to gas fields and extract it in partnership with other more-specialised companies. EDF is both a producer of electricity (they own many power stations) and a seller to households, but those activities are carried out by separate divisions of the company.
The energy providers aren’t the problem as they are only allowed a fixed profit margin it’s the energy producers that are raking it in. The government should be applying windfall taxes on those companies now and giving extra support with that money
Truss had said she won't put a windfall tax on them she has been richly rewarded for her greed to utility companies
This government failed their own people in need, I will survive but what about all those on low income taxed by government to death?
Thank you Martin for this eye opener.
People on low income pay almost no tax.
Everybody is crazy for accepting this garbage government. Doesn't anyone notice that all regulations are Heads I win ,Tails you lose.
Hahaha, you should experience what worse government is doing like Chinese government. Chinese government can force you to do covid PCR testing under the heatwave of 45 Celsius temperature outside.
This will be the end of the Tories
These bosses are seeing record profits for their companies, this means they haven't raised prices to cover costs or losses due to the Russian / Ukraine war, but raised prices to profiteer from the war.
The government refused to turn to green energy years ago so they should pay it not the public that there supposed to serve
But but but gov money is public money ,you silly!!
hydrogen is free energy
ruclips.net/video/XyWQ3o6plY8/видео.html
as are a few others which work.
Unfortunately, "green energy" has not delivered on the promise of reduced cost. the UK doesn't receive enough sunshine to ever make solar farms a steady-enough power source to power a nation of 100 million. Nuclear power is the only true carbon-free power source. In my lifetime of five decades, the world as a whole has backed away from nuclear power, to our own detriment, and that of the environment.
@@contrarian604 we have to be power independent and that means hydrogen, Tesla, frequency power and zero point energy. There is also wave energy which they seem to not talk about. Free energy is the future amd can only be the future. The toxic waste from that is silly there is no where to put it.
1% for the gas storage turned out to be a shitshow!!
They were just thinking of ways to maximise profit.
The price cap is just numbers now, and simply exceed that income of millions.
British suppliers should not be allowed to charge UK citizens market rates. madness.
The energy retailers that you deal with /aren't/. That's what the price cap is for. Without the price cap, it would cost even more. The piles-o-money are being made by the energy extractors, who are currently in Russia using /your/ money to fund their war.
@@vylbird8014 it's not really a cap though if it keeps being changed
@@cag506 The price cap was intended to protect customers from short price spikes. Situations where a storm might shut down power stations, the cost of power shoots up a hundred times over a day, and ordinary people across the country are stunned at the end of the month to receive a bill that charges them more in a week than they usually spend on power in a year. This is not the circumstance the cap was envisioned for - it's a long-term supply disruption across all of Europe. So there is no option but to raise the cap, otherwise energy companies will just go bankrupt.
@@vylbird8014 surely it is priced in anticipation of a given period, if not what sort of short sighted insight is this
Writing in the daily mail? What a joke of a PM she would make.
12 years of Tory misrule. The rich have gotten much richer. The big companies as well. And the average wage earner has lost more and more ground.
Crime keeps going up. The number of food banks has risen by more than 1000% in those same 12 years.
Public services are collapsing.
Keep voting Tory for more of the same!
💡💡IF ANYONE IN YOUR HOUSEHOLD HAS A MEDICAL CONDITION OR DISABILITY RECOGNISED BY THE DISABILITY ACT 2010. THEY CANNOT TURN YOUR ENERGY OFF.
CONTACT YOUR ENERGY PROVIDER TO TELL THEM.💡💡
Our gas storage tank in Leeds was done away with after 65 years in 2020 to make way for more houses I believe. More houses more people less gas storage, we are so blind in this country and not prepared for anything.
At 11 minutes “We think a low income household pays 10% of its disposable income will go on energy bills”. According to Joseph Rowntree 2021/22 = 10%, 2022/23 = nearly 25%, 2023/24 = 45%. Honesty from guests please or fact check them.
They increase the daily charge. Basically the ones that try to cut energy use will be subsidising those that waste energy. There's no increase of cost in distribution as far as i am aware, there's no justification to increase the daily charge.
There is no justification. They also blamed Russia when we sanctioned them. Other countries are not paying the same amount. It's our currupt government noting standing up to these fat cats
That does not make sense! Anyone ‘wasting energy’ will be paying though the nose for it. The increase in daily charge is a complicated subject, but part of it I guess is to help the companies stay afloat, as so many - the majority, have gone to the wall.
@@petercollins7848 how does it not make sense? It's literally reality.
Imagine person A uses 1kwh daily.
Imagine person B uses 5kwh daily.
Imagine person C uses 20kwh daily.
1kwh=30p
Daily charge=50p
Monthly:
A: £9+£15=£24
£24/30kwh=80p/kwh
B: £45+£15=£60
£60/150kwh=40p/kwh
C: £180+£15=£195
£195/600kwh=32.5p/kwh
Instead of promoting rationing when there's an energy crisis, they're subsidising those that use more energy.
Further more, if C would pay what B pays in the end per kwh, that's 600kwh x 40p = £240, not £195.
Barely no one mentions this, they just freaking mention what an average family (just wtf is that?) pays yearly.
We sold off our gas storage and privatized it. Typical Tories, hands off and hope that the market takes care of it. Useless
privatization isn't what caused the prices to go up... people don't seem to understand this, you can tax them or place a cap on them but the government would need to work out a way to repay the difference due to the wholesale price.
Every problem we face, everything they blame on refugees is because of them.
@@elcristoph7380 I didn’t say it was. My point was specifically about gas storage. Storage is meant to be part strategic reserves and should not be driven by the return on capital of a private enterprise. Ineos picked up one of the storage facilities as part of another transaction and shut down after the first financial review. Govt must have a strategy and some of those components will not support a private business and should be in public hands. Gas storage is a prime example
@@endlesssabbatical9612 I would agree with that.. given how dependent the UK is on gas..
@@elcristoph7380 it’s crazy, we have reliance on gas and no ability to store it to create a buffer. Free market thinking gone mad
The government are earning record income in Taxation, from the record profiteering of the oil and gas companies.
They are showing the public that they are dishonest, greedy and unworthy of their position.
They could Halt taxation on domestic fuel, (while retaining taxation on industry and business).
They could enforce a windfall tax on oil and gas companies.
They could re-Nationalise this essential national asset, and cap the price at an affordable level for all incomes.
Other nations are paying LESS and it's not because of the type of boilers we use. it's because our government is corrupt.
These companies should be sucking up the losses. Instead they're making record profits. That's what you get when you vote tory
Sad situation, when prices get out of hands.
The question everyone needs to be asking is why price rises are much smaller in the major countries on the continent when compared to our increases.
brexit.
@@FURIOSO84 What do you get if you reverse brexit?
A mountain range on UK France land border.
I owned a large duplex apartment which was electric only heating, I sold it last December and so thankful I did. I used to pay over £260 per month during the winter which was one of the reasons I sold it , this winter the new owner will likely be paying nearly £1000 per month on electric .
A 1000 pound? I don't even earn that much a month. This month my income was 230 pounds. Because I don't receive any disability allowance. And I don't qualify for government funding.. So, I feel skit about our political parties around Europe.. The amount of greed these people are using us to get what they want is really amazing
So essentially 1 giant room? Impossible to heat efficiently? Last year I was looking at one of those, but went for a 2 bed flat instead. So glad. I just heat the room I'm in and have a big duvet for the bedroom.
Spend more time at work and gym in winter to avoid using my own electricity 😂
@@MrShell311 It was an apartment but over two floors so same size as a house. It had 3 bedrooms so was very expensive to heat using electric , so glad its been sold.
My electric bill this winter will be £1500 and £800 for gas heating. Going to have to cut back.
There should be plenty in the coffers from the Brexit dividend even after the 60 new hospitals that are under construction.
lol, there is no Brexit dividend. It was a lie.
@@simontemplar404 Sarcasm exists.
We should be able to throw all those bundles of spare cash into the coal powered power stations.
Todays news was brought to you by presenters paid over 100k per year.
KAY BURLEY WE LOVE YOU
Are they not top of their game? What do you think they should be paid?
@@pjl8119 I think that reporting this nonsense without looking embarrassed, resorting to some physical abuse or bursting out in laughter is well worth 100k. I couldn't do it, if I were in that position.. That needs an almost inhumane amount of self-control.
Courtesy of mr. Schwab and his “young leaders”... Here in Greece that amount of money is currently the cost for electricity bills for 6 months... We’re f...ed up!
In all of this, what angers me the most, is that those controlling the prices could even possibly think many people would be able to even handle an increase of £500, let alone thousands.
I don't know what this would mean for me, as I have those meters where you pay for gas and electric on a key/card.
Jonathan Brearley CEO of Ofgem earns more than £300,000 annually, so he wouldn’t have a clue about what the common man can afford.
The speaker at 12:15 had the nerve to say "pay ur bills an not invest in stocks"! Now he really sounds ridiculous, cause if they can't pay they're heating bills, how are they going to buy any darn stocks! Unbelievable, cause looking at him says who cares, I've got mine! A real dirtbag, he's only saying what people wants to hear. The man said what about long term, then he couldn't even answer quickly an it says a lot!!!😈😡
As kids we got beans on toast. Or hot dog sausages and bread. Butter beans and bread as my Dad sometimes did. Nothing wrong with any of these. I'm 67 and still do this. You don't needs a full cooked meal every day. Today it's the last of the tinned ham, lettuce from my garden and home made brown bread
I now boil 6 eggs at once as I like a boiled egg every morning. One pan boiling instead of six. Think of that over several months.
If you have a garden grow some vegetables. I've got lettuce at various stages in a small lean to greenhouse, 7 sweet corn plants, rhubarb, runner beans, a few strawberry plants, made one pot of red currant jam from three bushes all in a tiny garden about 120 square feet.
But how do you heat your home to a comfortable temperature now the winter months are upon us? I like your froogle way of saving a few quid here and there but the real cost is in heating your house. Gas prices are 5X what they were. Any ideas on how to lower the cost of heating your house?
@@Reakerboy What I save in summer goes to pay the bills in winter.
Help.
I’m getting my chimney swept and opening the old fire place.
I’ve took the doors off on the ground floor so the heat circulates through the ground floor.
I’m moving my bed into the front room
And buying heavy velvet curtains.
They not getting a penny out of me.
I’m collecting candles and putting a solar power unit outside to power a light in the back room.
Great ideas.
Collecting wood for our log burner just going to put heat 1 hour a night so pipes don't freeze, as grandma used to say put a jumper on, don't give it to these greedy profit, bonus hungry bosses
spot on
Aye, just wait until they ban fireplace fires burning. Smokeless or not, I guarantee they’ll pull shite like that so people are bullied into using the inflated gas. Power saving heaters will probably be also banned.
Did you know you can open a door to let the heat through?
Ofgem Chief Executive Jonathan Brearley: "The price of energy has reached record levels driven by an aggressive economic act by the Russian state. They have slowly and deliberately turned off the gas supplies to Europe causing harm to our households, businesses and wider economy."
Chancellor Nadhim Zahawi: ""While Putin is driving up energy prices in revenge for our support of Ukraine's brave struggle for freedom, I am working flat out to develop options for further support."
Putin tax looool. Our governments talked tough and sanctioned Russia without having new suppliers set up. Now we're blaming Russia for not waiting until we're 100% ready with new suppliers to implement full sanctions on Russia and hit them hard! Basically we sanctioned ourselves. But can we call it a Putin tax as it's less embarrassing for our governments?
Isn't it only 2% of our gas that's imported via Russia. This is straight up greed by everyone else using the war as an excuse.
It would be funny if it wasn’t so sad. We are being ruled by idiots
Thank God for Putin, if he wasn't around, our useless politicians would have no one to blame, then they would be well and truly stuffed.
Hello from Russia, yes we haven’t got Zara and Pepsi, but we’ve got cheap gas, hot bath everyday and cheap rent. Can’t complain. By the way, we never cut off the gas for westerns, Boris Johnson did
@@Perfectstranger_7 I'm living in Wales UK, I'm with Putin and Russian people, a lot of us know Boris is a warmonger, he must go, stay safe, much love, strength and fortitude to you all, from Wales UK xxx
This industry needs to be nationalised. All companies should be incorporated. Every British tax payer should be made a shareholder those that already have shares should be recognised and there investment protected with a no sell provision. We should keep paying the higher bills but a windfall tax on energy companies should pay for the transition. The treasury should take direct control of the storage bulk purchase and delivery. Obviously.... Competition is NOT WORKING!!!!!!!
The issue is the whole sale price. Nationalizing it would allow you to control the consumer price but in order to get the gas in you will still need to pay out a lot in wholsale prices.
Global supply is just to low to meet demand, when this happens you either get high prices or shortages.
Thing is, it is the gas price that has gone up. The distribution companies which were offering discounts have all gone bust. We could nationalise Saudi Arabia but we would have to invade them to do it.
@@elcristoph7380 But we can nationalise the North Sea which is British land. Where most of our oil comes from
@@kawallabair3216 true but the price is set by the market..
If you found gold, that gold has a price which is already set.
So you would need to sell it at a massive loss..
@Richard L You dont need foreign investment on rigs that are 80 years old and which need decommissioning in 20 years or less for climate reasons. Profits from oil companies are largely fueling director pay and foreign shareholdings (particularly mutual funds and pensions) rather than direct infrastructure investment. Our problems are productivity and public sector driven, nationalisation of a dying commodity helps us control exports, control short term prices, fund the public purse and divert funds to renewables through subsidisation. Oil is not a market which benefits from competition as its a natural monopoly - So there is less harm in nationalising. The disadvantages would be slower extraction tech development due to lack of competitive profit incentive, but who cares? We dont need deep sea oil and tar sands, we need nuclear plants and dams.
My partner comes frmo Mexico, and she will pay about 100 pesos (~£4) to fill a gas cylinder.
It will provide fuel for cooking and heating water for the shower for about three months.
I don't understand why it's so much higher cost here in the UK. Surely gas is a natural resource that comes from earth, like gold, or silver, and should have the same price globally.
The same goes for petrol costs...
Why is it _always_ the British that get the worst end of the deal?
This country is just too damned corrupt.
the only way out of this is to bring on more cheap energy supplies and dramatically reduce energy demand. on shore wind is the cheapest and switching heating to electric. don't spend on gas storage or one off payments to the middle classes.
Renewable energy is the cheapest and the quickest to install. Onshore wind is a no brainer for the UK. Who cares if it spoils the toffs view.
Politicians wage should cut by 30% and that should be distributed as living cost to the poor first
Or stop the expenses circa 150000 a year
The phrase "price cap" is a bit of a lie.
The winter is coming, and the government must work fast to help all these families. A family should not have to choose for food or fuel (energy).
Don't worry Liz will come to the rescue with tax payers money and pretend to be the great problem solver
Is it an election year? If not they wont do anything. Thats how politicans are. Only getting off their asses to secure a vote.
Why? That happens to millons in the States wat makes British do special?
nuclear power would have helped but people don't want it what a shame
So would coal
@@summerisonthursday5239 that is a foolish answer do you not understand we need to put out less co2, not more? what is wrong with you? why would you want people to do such a nasty job as to work as digging up coal it's 2022, not 1822
You are quite right---Nuclear power is the only true carbon-free power source that can be produced in any quantity to supply a nation of size such as the UK. Solar and wind are heavily subsidized, very land-intensive, and will never produce power in sufficient quantity to even come close to powering a nation. There aren't enough raw materials and silver in the world to construct enough solar, there isn't enough rare-earth minerals or copper to construct enough windmills, the UK doesn't receive enough sunshine to power the country, and there isn't enough Lithium supply in the world to construct the massive batteries required to store power for nighttime, and when the wind doesn't blow.
Green renewable power might be fine for your off-grid cabin or sailboat, but expecting solar to reliably power a nation is bonkers.
Why wreck the coastline with those ghastly turbines . What was the point. Energy prices are ridiculous .
it is not just low income households....everyone can feel it
Had a letter saying that we are all going to have Smart Meters enforced by March 2023. If we don't open our doors they won't be able to tell how much electricity we use. So they can then send maximum level bills, even if the house is empty.
Most meters are outside.
@@Deedee1987dee On new builds perhaps, so 10%, which is a long way from most.
They still know how much you use without smart meters. They just depend on you to report the number on the display yourself.
You can try lying, but it comes back to bite you in the end. And they measure power at the substation too - if the circuit has more power going out than is being reported used, it triggers an alert and the meter-readers are dispatched.
The Tories want to turn us into peasants. They love this, they are laughing at normal people.
STOP SAYING THEY WILL RISE MORE STOP IT
Whats the point of having a regulator when they do as the corporations say,and we get the same old excuses from the usual establishment megaphones.Its a big racket!!!
I know right.we need a regulator for the regulators lol
@@cag506 :It’s a cluster f**k!
Imposing sanctions on the very resources you need - what did you expect?
Now you know what its like in Cuba, Venezuela, Iran, Iraq, Afghanistan, etc. Sanctions as a weapon are cruel and inhumane. They always hurt the innocent and vulnerable.
Nobody seems to be asking why these energy giants are charging these hiked up prices and making extraordinary profits, is it because they know their form of energy in the long term will be replaced by renewables and they want the biggest profits for it whilst they still can. 🤔
Its demand and supply. Europe has put numerous sanctions on Russia and reduced buying from Russia. That has reduced supply and spiked prices in Europe.
Even if you have a scenario where 99.9% of demand is met by renewables and other […] that offer a cheap or even negative price for generation, the last 0.1% met by expensive gas generation still sets the price for all generation in the spot market.
So we pay the price of the gas …
empty words from known liars
The UK used to have offshore Natural Gas storage, because of the North Sea reserves, but the previous government (under Cameron) decided it was a waste of money to keep it operational, so they closed it when the time came for it to be either recommissioned or decommissioned. As a result, the UK must now buy most of its Natural Gas at the prevailing market price, making the economy hyper sensitive to any price changes.
If they'd kept this storage open then the UK would still be able to buy and store Natural Gas when the market price is relatively cheap (e.g. during spring/summer), as France, Germany and others are currently able to do, which would allow the government to moderate how much Gas bills increase, by buying extra Gas to store in summer then selling it from storage during winter.
Yet another example of poor governance by a UK government. The country is (and has been for decades) run by self-serving idiots...
The govt is happily sending BILLIONs to Ukrian and yet not willing to help the british households! The govt needs to get the priority right !
And paying millions to house and feed Ukrainians refugees.
If it comforts you, most billions went to their mates for faulty ppe and not working test & trace-apps. 12 years of austerity now come to a pinnacle. Don't blame some outsider. This is an issue from true British making. Global events only highlight this.
Got to get on the street and protest or NOTHING WILL CHANGE
*THIS!*
Media censoring it
I don't know about protesting on the streets, I think we will all be living on the streets while non brits live it up in warm housing.
Demand an election. The people should have their will.
@@andyp2992 haha.
Search “ Don’t pay Uk”
Bless that man raising his kids
but the rest of Europe isn’t paying a 200% increase
No
DO NOT PAY! If the people stand together they can do NOTHING
DO
NOT
PAY
Stop having so many children you can't afford!!
i wonder how much the rolay family. pay for energy ?
This is like living in Mogadishu without the fighting...YET
I would have thought Channel 4 was loving all this reduced energy usage. Fits perfectly with the green utopia they have for us.
I'm currently paying 29p/kwh. Apparently the maximum is 28p/kwh.
No mention of the daily standing charge. All headlines talk of a mythical family yearly expense.
It seems it's not just the politicians that aren't aware about how energy costs are calculated. They were the enablers of the dumbest "smart" meters ever we could have ended up with. No wonder in a country where the most popular degree is business.... 🤦♂️
I've been sent bills, according to my smart meter.. Only thing is..I don't have a smart meter and when I said this to the guy on the phone he just said.."oh well , we'll just use these figures.."
So if gas is so important why are they trying to get rid of it without a reliable replacement - they could not run a pissup in a brewery
Closing down Nuclear power plants was/is a dumb move, every country needs more, not less.
New designs of Modular Nuclear power units are safe, cheap and clean.. zero emissions. Companies like Rolls Royce etc have developed amazing SMR's
Imprison all energy companies
They will move abroad. They are snakes
@@50_Pence We can easily live with zero energy. Britons are resourceful
@@guff9567 ha. maybe 60 years ago. It's 2022. Didn't you see what happened in Canada when the trucks stopped for a few weeks
If they think that people will hand over 50% of their wages, or 200% of their benefits then they are having a laugh. we should do the same. Laugh at this ridiculous joke!
i just received my estimated bill for the year ahead at £17600 an increase of over 10,000 my home is a family home with 8 adults myself my wife my four children and my wifes aged parents 215 pm each this is niow higher than my mortgage bayment of 1600 per month
Can I ask which kind of jobs can deal with the soaring cost of living in the UK easily except the governmental employees?
This WILL hit everyone, it's not just the low or middle income earners. We've been used to budgeting our monthly expenditure on 'reasonable' gas prices, now we're seeing prices 5X what they have been in the past. The real cost is heating your home and hot water. Turn that thermostat down to 19°C, lower your boiler flow temperatures, that's all we can do. Even then, it's still going to cost you ALOT per month. Time to stock up on hot water bottles and jumpers. 😔
First guy looks like he needs to go without food for a few weeks
Richard T You are all heart fool.
REVOLUTION.....what the he'll is going on here? I thought we had access to natural gas in scotland! So why have we to pay more than anyone for it?
Global market. The gas might be on your doorstep, but it can be shipped to England or even Europe with only a moderate extra difficulty, so you still have to out-bid everyone in those markets.
Knowing that UK is dependent on Russia's energy, how could UK impose/support different sanctioning on Russia........If US was Russia and Ukraine wanted to join NATO, I bet US would have done the same as Russia. The whole world is suffering due to US and EU's politics.......very sad
100%
Indirectly dependent. The UK doesn't import much Russian gas. But the UK does buy gas from Norway. And so does Germany. The UK also buys gas shipped from around the world by LNG tanker, and so does everyone else. So all the countries that do depend on Russian gas are now looking for a source elsewhere, from the same places that the UK buys it. Which means a bidding war driving up prices.
@@vylbird8014 that means that US wants to continue proxy was and their hegemony, this is not even a war, war is in Syria, if we wanted to could take ukraine in a heartbeat.
The likely outcome, reduced payments marginally and tax Payers bailing out the energy companies with tax payers cash. They will still be paying dividends and bonuses out though.
This is actually an opportunity to invest in solar panel. The high energy bills mean that it is basically faster to recoup the cost.
Ugh, do you even know how much they cost? They barely pay off! This will do nothing for upcoming year! You're completely detached from reality and the poor people in UK
@@Deedee1987dee I looked into it myself. My house is unsuitable, but my parents are considering it. The numbers are actually quite favourable now. The panels themselves are dirt cheap, really - the major expense is in the installation, hiring professionals to do all the roofing work of calculating wind load and fitting the brackets. That'll set you back maybe £5000-£10000, depending on how much area of roof you have to cover. Expensive, yes - but then work out the energy production, convert that into what you can expect to save based on current prices for retail electricity and grid export, and the payback period is generally less than ten years. With the price cap increase expected in January, it'll be under five years for some houses.
An investment with a 20% annual yield is pretty good. And it just keeps making money after that, as the life expectancy of the panels is usually given as 25 years - probably a bit longer. And when they do eventually wear out, replacing the panels will be a lot cheaper than the cost of installing from scratch, as all the brackets and roofing works are already in place.
@@vylbird8014 There is a RUclips video from "The EV Puzzle" about his solar installation on his rooftop at Norfolk, video title is "Does Solar PV pay for itself. Payback calculation on our 3.9kw array".
On 2019, his installation cost is £4500, and the annual saving is about £706 so he expect to get pay back in 6 years and 5 months. This also includes saving the excess solar energy generated during the day to his EV car.
WIth current high energy bill, the pay back can be cosidered to be much faster now.
Seize their assets and nationalise the industry.
they're making record profits. it's just price gouging. the food corporation stores were caught doing it here in canada. they don't give a f about you or your family. they're responsible to their shareholders first.
Looking for someone to put my chimney back on the roof and to fit a nice fire place in the lounge and unblock and do the same in the dining room and bedrooms....🔥
She talks like a politician and downplays the severity of the situation.
well im only going to pay 100 each month and no more as there not profiting of me
For the life of me I don't understand how they can decide what u can live on when they've never been without! The thing that blew my mind when the lady was standing next to the meter that's installed an it was going down with everything turned off an her just standing there looking at it steady dropping, that scared the heck out of me for sure. I feel bad for all the seniors suffering after working all they're lives to suffer in retirement, is crazy an they know they're wrong on so many levels!!!😡
Offers cares for the investors in energy and is more than happy that they got huge dividend payments while the people will get sick with cold and moulds related diseases including malnutrition and the most vulnerable will die.
The CEO of ofgem is talking rubbish! I don’t believe the energy company has 0 profit, and the only reason they raise price cap is to sustain? How much cut does he get from them?
Who's in charge???
Why are we talking only about gas and not electricity which is more expensive and also seeing huge price inflation? Sorry, if someone can explain plesse as I don't understand this.
Same thing, to some extent. Nearly half of the electricity used in the UK is generated by burning natural gas. So when gas gets expensive, so does electricity. Gas almost entirely replaced coal for running electrical power stations. It's cheaper (well, it was until last year), and more responsive.
@@vylbird8014 thanks for explaining!