Super market meat is the worst. People just donât know what theyâre buying, and to be fair itâs the same with veg
Unfortunately I donât think anyone is putting out enough information on the options available.
The media are the worst for it. All the shouting about price hikes and zero info on how to manage it.
Do people know there are hardship funds? Or they their companies may have funds. Do they know to check what theyâre entitled to from the government. Or what they can do to be more efficient with energy?
What a stupid stupid view
" The steep increases reflect soaring wholesale energy costs driven by fears over gas and power shortages as Russia restricts gas supplies to Europe. Cornwall has said it does not expect wholesale prices to return to 2020-21 levels before 2030."
How can they come up with those sort of figures/dates.
The headline is a bit dramatic - itâs âonlyâ those business who come out of a 2yr fixed rate arrangement in October which will face five fold increases in fuel bills.
Others emerging from 1 year fixes will see fuel bills doubling.
We have a pretty toxic economic environment - inflation, recession, diminishing fuel sources, rising fuel pricesâŠ
I was reading the other day the the price for a barrel of oil is now lower than before the Russian invasion. Not entirely sure why all our energy prices are still sky high, unless thereâs profiteering going on.
Iâm not 100% sure either but I think itâs to do with the fact that they buy the goods at least 6 months in advance, ergo if the price was high then, the price they charge now will also be high.
Now the counter to that is that they always hike the price up immediately and then donât lower it immediately, which unfortunately seems to be true. There is also the belief among some people that the companies are propping up the cash item on their balance sheets by charging people far more than they need and are hoarding their credit. Unfortunately I suspect there is also some truth to that.
Sure, but that canât play that both ways. The Russian war hadnât started 6 months ago, so in that case we should be still paying pre-war prices. But as we all know, the prices started going up almost immediately, but the price of e.g. petrol is still 50% higher than before the war started even with a substantial reduction in the tax component on fuel.
The other thing thatâs a con is that the price of electricity for the entire UK market is driven by the most expensive source, in this case gas [1]. Even though the proportion of electricity that is generated from gas is pretty small (38%), the price of all electricity including that from renewables has increased to match. So those suppliers are making a lot of money during this war, when a better solution would be to average the cost difference, as this would incentivise energy suppliers to reduce gas use even more.