Once again. People who actually bother to pay their bills cover the cost of those who won’t. We probably pay for their pipmobiles as well.
Cockapoo-Cockatoo on
Any article with “could” in the title should be disregard.
I hope this isn’t true, it’s unfair in paying customers. Just cut off their power until they begin paying their debts.
Fun-Lingonberry4676 on
Give it a rest man, they promising to lower bills yet they keep rising and the energy companies make record profits quarter after quarter. Its sickening this country at the moment.
BenjaminBoots196 on
Never let the price system work.
Turn everything into a tool for redistribution to the most dysfunctional people.
Econ 101, of course.
Jolly_Drink_9150 on
Just another day of being hard working, paying bills on time and being put on a table to be effiel towered….
raven43122 on
Seems fair.
I pay for others that don’t with a little extra so the company can post record profits .
Annual-Error-7039 on
Nothing new tbh. Been doing that shit for some time
Different_Tie742 on
Not read the article, probably not going to, but fuck _alllllll_ the way off with such a proposal.
bukkakekeke on
Could? This already happens. The only “could” is around £75, not whether bills will rise.
Hopper-1986 on
Remember when we were told the consumer would not cover the cost of smart metering the 2nd year of installations saw 3 price rises
bigdave41 on
They didn’t need this excuse for all the other times they raised prices for some convenient reason or other, and then never put them down again.
This is just a way for them to make even more profit and get the customers they’re screwing to blame each other for it.
cookiesnooper on
How is that legal for them to take my money for what someone else has used?
Tirisian88 on
If a company advertises “record profits” they shouldn’t be increasing costs to cover other customers.
If anything they should be reporting such customers for some sort of assistance because if they can’t afford basic commodities then they need help.
martzgregpaul on
I mean this has always been the case with every private company. They factor bad debts into their pricing.
Extraportion on
Journos don’t really understand the situation with energy because the cost stack is hilariously complex.
However, we pay an awful lot of mutualised costs when you actually understand how it all fits together.
The one I am waiting for somebody to pick up is the interaction between CfDs and interconnectors.
Think about this, the Gov awarded Contracts for Difference (CfDs) for offshore wind farms with a close to zero marginal cost. Great right? However, the CfD means that when prices are low (albeit not negative) then the generator receives a topup difference payment to a pre agreed rate.
In itself this isn’t a problem, but what is increasingly happening is that we are exporting that surplus via interconnectors. Now the Viking interconnector with Denmark has been commissioned we find ourselves in the situation where GB consumers subsidise Orsted wind farms (Danish) built using Danish turbines (vestas), to export cheap power via an interconnector part owned by the Danish state, to lower prices in Denmark.
It’s actually even more alarming than that because we can’t redispatch interconnectors in the balancing mechanism, so if the day ahead wind forecasts are long (more than actual demand) then we also end up paying to turn up generation so that we can supply interconnected markets at a loss to British consumers.
mohawkal on
The energy companies post record profits year on year. They jack up prices year on year. And, somehow, people who don’t have any money are to blame for this? Fucking leeches.
Slight-Strategy-5619 on
If there is one thing that the government must do and is get these bills down drastically. Not the bullshit moving the deck chairs.
East_Succotash9544 on
So in spirit of “you help us when we are in trouble”, we can expect same in return.
When company makes profit paying customer get bonus of at least £75.
Right?
Next-Ability2934 on
How many on the side shareholders in major energy companies exist in Ofgem
kickflip2indy on
After failing to pay for 3 months straight, you should be put on meter and get your power cut off.
wordshavenomeanings on
In other breaking news……
Credit card companies charge you interest to recoup the free service to those who pay their bills.
Insurance companies charge you more than it costs to cover uninsured driver losses.
Train companies and just their pricez to cover fare dodgers.
Notapooface on
If you read the article, its actually £10-15 rise, even with a very pessimistic view. Article title is deliberately misleading.
fsfaith on
I love paying for a service that does the absolute bare minimum and increases prices annually for reasons. Whilst the promises to “upgrade” things are unkept. And now. Oh boy we might have to pay for other people’s bills too? Great job. I think the CEOs deserve and even fatter bonus.
pintofendlesssummer on
Looks like we’re all going to stop paying our own bills soon …then what will the companies do?
StiffAssedBrit on
How about none of us pay, and Amazon picks up the tab!
26 Comments
Once again. People who actually bother to pay their bills cover the cost of those who won’t. We probably pay for their pipmobiles as well.
Any article with “could” in the title should be disregard.
I hope this isn’t true, it’s unfair in paying customers. Just cut off their power until they begin paying their debts.
Give it a rest man, they promising to lower bills yet they keep rising and the energy companies make record profits quarter after quarter. Its sickening this country at the moment.
Never let the price system work.
Turn everything into a tool for redistribution to the most dysfunctional people.
Econ 101, of course.
Just another day of being hard working, paying bills on time and being put on a table to be effiel towered….
Seems fair.
I pay for others that don’t with a little extra so the company can post record profits .
Nothing new tbh. Been doing that shit for some time
Not read the article, probably not going to, but fuck _alllllll_ the way off with such a proposal.
Could? This already happens. The only “could” is around £75, not whether bills will rise.
Remember when we were told the consumer would not cover the cost of smart metering the 2nd year of installations saw 3 price rises
They didn’t need this excuse for all the other times they raised prices for some convenient reason or other, and then never put them down again.
This is just a way for them to make even more profit and get the customers they’re screwing to blame each other for it.
How is that legal for them to take my money for what someone else has used?
If a company advertises “record profits” they shouldn’t be increasing costs to cover other customers.
If anything they should be reporting such customers for some sort of assistance because if they can’t afford basic commodities then they need help.
I mean this has always been the case with every private company. They factor bad debts into their pricing.
Journos don’t really understand the situation with energy because the cost stack is hilariously complex.
However, we pay an awful lot of mutualised costs when you actually understand how it all fits together.
The one I am waiting for somebody to pick up is the interaction between CfDs and interconnectors.
Think about this, the Gov awarded Contracts for Difference (CfDs) for offshore wind farms with a close to zero marginal cost. Great right? However, the CfD means that when prices are low (albeit not negative) then the generator receives a topup difference payment to a pre agreed rate.
In itself this isn’t a problem, but what is increasingly happening is that we are exporting that surplus via interconnectors. Now the Viking interconnector with Denmark has been commissioned we find ourselves in the situation where GB consumers subsidise Orsted wind farms (Danish) built using Danish turbines (vestas), to export cheap power via an interconnector part owned by the Danish state, to lower prices in Denmark.
It’s actually even more alarming than that because we can’t redispatch interconnectors in the balancing mechanism, so if the day ahead wind forecasts are long (more than actual demand) then we also end up paying to turn up generation so that we can supply interconnected markets at a loss to British consumers.
The energy companies post record profits year on year. They jack up prices year on year. And, somehow, people who don’t have any money are to blame for this? Fucking leeches.
If there is one thing that the government must do and is get these bills down drastically. Not the bullshit moving the deck chairs.
So in spirit of “you help us when we are in trouble”, we can expect same in return.
When company makes profit paying customer get bonus of at least £75.
Right?
How many on the side shareholders in major energy companies exist in Ofgem
After failing to pay for 3 months straight, you should be put on meter and get your power cut off.
In other breaking news……
Credit card companies charge you interest to recoup the free service to those who pay their bills.
Insurance companies charge you more than it costs to cover uninsured driver losses.
Train companies and just their pricez to cover fare dodgers.
If you read the article, its actually £10-15 rise, even with a very pessimistic view. Article title is deliberately misleading.
I love paying for a service that does the absolute bare minimum and increases prices annually for reasons. Whilst the promises to “upgrade” things are unkept. And now. Oh boy we might have to pay for other people’s bills too? Great job. I think the CEOs deserve and even fatter bonus.
Looks like we’re all going to stop paying our own bills soon …then what will the companies do?
How about none of us pay, and Amazon picks up the tab!
Energy companies “could” wipe the debts.
Lots of could’ve this and could’ve that.