Saturday, August 10, 2013

Gas and electricity bills could rise by £140 before winter (despite energy companies making £3.3bn profits since last election)

  • Price comparison website warns price hike could be on the way
  • Households warned bills could increase by up to 10 per cent before winter
  • Britain's big six energy companies seen £3.3bn profits since last election

Gas and electricity bills could rise by 10 per cent before winter, households have been warned, despite energy companies enjoying £3.3bn profits since the last election (file picture)
Gas and electricity bills could rise by 10 per cent before winter, households have been warned, despite energy companies enjoying £3.3bn profits since the last election (file picture)
Energy bills could soar by up to 10 per cent in the next couple of months, households have been warned.
The announcement came in the same week it was revealed Britain's big six energy companies have enjoyed a £3.3billion windfall in profits since the election.
Price comparison website energyhelpline.com has warned energy companies could be looking at increasing rates between five and 10 per cent before the winter months, which means the average household bill could rise by up to £142.
The website's director Mark Todd said: 'There are clear indications that energy price rises are close.
'I would not be surprised if they are announced within the next two months. In fact you could describe the energy market as a volcano about to erupt.
'The lava may soon descend on consumers across the country wiping out their household budgets.'
The Daily Express has reported the news comes after British Gas warned increases were 'inevitable' and nPower said it was 'indisputable' that energy costs were rising.
Mr Todd said: 'We know from experience, when one supplier announces price rises, others follow and in the last three years these have come in the summer and autumn.
'It may be mere coincidence, but there are distinct advantages of introducing a price rise before the cold weather hits as the increased rates kick in as gas and electricity usage rises.'
On Friday the Daily Mail reported how Britain’s big six energy companies have enjoyed a £3.3billion windfall in profits since the election - while consumers’ bills have soared by £300 a year.
 
Labour said the figures show that David Cameron has not done enough to crack down on profiteering by gas and electric firms.
Since 2009, Britain’s Big Six energy companies (British Gas, E.ON, EDF, npower, Scottish Power and SSE) have been required to report to regulator Ofgem on their annual profits for generating and selling power.
Between them, they supply 98 per cent of households in Britain.
Price comparison website energyhelpline.com has warned energy companies could be looking at increasing rates between five and 10 per cent before the winter months
Price comparison website energyhelpline.com has warned energy companies could be looking at increasing rates between five and 10 per cent before the winter months
Labour’s new research shows that the total profits (earnings before interest and taxation) of the Big Six energy companies increased from £2.158billion in 2009 to £2.219billion in 2010, £3.867billion in 2011, and £3.737billion in 2012.
This represents a total windfall in profits of over £3.3billion since 2010.
According to Ofgem’s latest Electricity and Gas Supply Market Indicators, the typical domestic dual fuel bill now stands at £1,420 a year, compared to £1,105 in May 2010 when David Cameron became Prime Minister.
But Angela Knight, chief executive of Energy UK, said: ‘This is a disappointing and inaccurate bashing of an industry which brings heat and light to 27million homes and business, pays billions each year to the Exchequer and creates employment for over 600,000 people.
‘If a company is to stay in business it has to make a profit. And the more a company has to invest then it has to make more profit to do so.'

Read more: http://www.dailymail.co.uk/news/article-2388634/Gas-electricity-bills-rise-140-despite-energy-companies-enjoying-3-3bn-profits-election.html#ixzz2baNoE7nl

NWN: For the love of God........we NEED to renationalise these companies ! 

They really are taking the pi**. 

And no doubt they will have already bribed our politicians so that when they retire, they get a 'job' from these companies.

15 comments:

Anonymous said...

Disgraced former minister Chris Huhne lands energy job paying £100,000 for just two days a week
Former Energy Secretary employed by Zilkha Biomass Energy for £100,000
New job comes just three months after end of prison sentence for perverting the course of justice


Read more: http://www.dailymail.co.uk/news/article-2388524/Disgraced-minister-Chris-Huhne-lands-energy-job-paying-100-000-just-days-week.html#ixzz2baxcG8sg

Anonymous said...

Disgraced former minister Chris Huhne lands energy job paying £100,000 for just two days a week
Former Energy Secretary employed by Zilkha Biomass Energy for £100,000
New job comes just three months after end of prison sentence for perverting the course of justice


Read more: http://www.dailymail.co.uk/news/article-2388524/Disgraced-minister-Chris-Huhne-lands-energy-job-paying-100-000-just-days-week.html#ixzz2baxcG8sg

Anonymous said...

Revolutionary Metaphysics.

Gentlemen, it is time to start your engines and prepare to let loose the dogs of war. Gentlemen it is time to stop being gentlemen and time to become lions in defense of your nation. The nation I am referring to is not the usurping corporation called The United States of America, I am talking about your nation, the nation that doesn’t exist anymore because it was usurped by tyrants. The nation I am thinking has the same ideals of the founders, things haven’t changed, liberty is still liberty and tyranny still tyranny, the wheel has come full circle.

http://www.veteranstoday.com/2013/08/10/revolutionary-metaphysics/

Anonymous said...

News from the Jews

Hypocritical Jewish identity politics, anti-Iranian hysteria, the futility of "peace talks" & Jewish ownership of the media revealed.

http://www.john-friend.net/2013/08/news-from-jews_10.html

Anonymous said...

19 Very Disturbing Facts on Illegal Immigration.

http://www.rightsidenews.com/2013081033026/us/homeland-security/19-very-disturbing-facts-on-illegal-immigration-every-american-should-know.html

Anonymous said...

Church of England 'hijacked' for pro-EU cathedral service featuring prayers for Britain to stay in Europe
Service to be held at Salisbury Cathedral next month


Read more: http://www.dailymail.co.uk/news/article-2389140/Church-England-hijacked-pro-EU-cathedral-service-featuring-prayers-Britain-stay-Europe.html#ixzz2bgTPhDXb

Anonymous said...

UK wages decline among worst in Europe.

http://www.bbc.co.uk/news/business-23655605

Anonymous said...

Brilliant German anti-Semitism

Keep thy tongue from evil, and thy lips from speaking guile—Psalms 34:13

http://www.roitov.com/articles/marileibeerot.htm

Anonymous said...

Cameron seduces Brits with £100k to win fracking support.


http://rt.com/business/fracking-uk-cameron-mistake-281/

Anonymous said...

Anonymous said...
Church of England 'hijacked' for pro-EU cathedral service featuring prayers for Britain to stay in Europe
Service to be held at Salisbury Cathedral next month

Burn the fuckers at the stake,just tell them you are carrying out Gods work.Just like those fuckers liked to do. When the English were stupid fuckers and believed in God. oh forgot they are still fucking stupid and believe in God.

lou minarty

Anonymous said...

When Charity is Criminal
The Searchlight Educational Trust Exposed


http://dialspace.dial.pipex.com/town/estate/xcv71/a20-1.html

Anonymous said...

Myth 1 – Cheaper Energy Fracking will mean cheaper energy.


http://www.refracktion.com/index.php/myth-busting/myth-1-cheaper-energy/

Anonymous said...

Today’s announcement on fracking has tilted the balance further in favour of fossil fuels.

http://www.leftfootforward.org/2013/07/the-government-has-tilted-the-balance-in-favour-of-fossil-fuels/

Anonymous said...

New deal to connect Israel to European electric grid.



http://theuglytruth.wordpress.com/2013/08/11/new-deal-to-connect-israel-to-european-electric-grid/

Anonymous said...

£800million bill for hiring consultants to replace government staff made redundant with £300million in pay-offs
Whitehall accused of 'letting good people go’ before calling in consultants
Pay-offs in 2012-13 hit £290million as part of cost-cutting programme
But millions more was spent on external firms on temporary contracts


Read more: http://www.dailymail.co.uk/news/article-2394377/800million-consultants-replace-government-staff-redundant.html#ixzz2cAVwSCkO

Protest about the enforced starvation and murder of German soldiers AFTER WW2