What do you think of UK gas prices going up by 35% and electricity prices by 9%?

http://news.bbc.co.uk/1/hi/business/7533389.stm

What I found typical, was the statement: "With immediate effect".

When/if the prices fall, it would be months before the cuts were passed on. Market forces or not, what blatant, profiteering hypocrisy.

Source(s).

Greed.


19 Responses to “What do you think of UK gas prices going up by 35% and electricity prices by 9%?”

mark on February 20th, 2010 2:08 am:

It’s was inevitable that they would go up. The price of the raw materials go up, so the price of the end product goes up….
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asrobs on February 20th, 2010 2:21 am:

Blame the GOV.they are wasting our North sea oil and allowing foreign companies to buy all our utilities up.
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trish on February 20th, 2010 3:08 am:

I think its disgusting. Not so lomg ago they wouldn’t have been allowed to do it. I wonder if our EU neighbours are having the same problems
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me on February 20th, 2010 3:58 am:

i think its making life very difficult for a lot of familys
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MANCHESTER UK on February 20th, 2010 4:03 am:

There is a way to beat this increase but you will have to act quickly.
Go to another supplier and ask for a Fixed Price or a Capped Price Contract.
E-on is my choice, capped until August 2009 and cheaper than I am paying NOW to Atlantic for Dual Fuel rates.
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Veronica Alicia on February 20th, 2010 4:39 am:

Thank goodness we had solar panels fitted for all our water heating! We thought it wouldn’t pay for itself in our lifetimes but it looks as though we may have been wrong.
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david h on February 20th, 2010 5:14 am:

while britain burns labour plays with it little toys
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donnajaneindigo on February 20th, 2010 5:21 am:

i think that there will be many more deaths of vulnerable people this winter.
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Col du Galibier on February 20th, 2010 5:45 am:

In a word criminal, is it the governments idea to have every one homeless by Xmas, they should step in and intervene.
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Medion on February 20th, 2010 6:16 am:

When the energy companies give out there profits, will they also give out the huge bonuses for the bosses.
It would not be much, but it would help if Gordon Brown through his puppet Alistaire Darling, was to do away with the VAT on house fuel. It’s only 5% but this is still £50 off the alleged average bill.
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Dion on February 20th, 2010 7:03 am:

I think it is distorting inflation. Rising prices is usually the result of gradual changes in supply and demand. However, the rapid increase in oil affects all types of goods and services. This means although inflation is high, which is usually a sign of a good economy, the adjusted inflation might be low.
Everyone just has to reduce the resources they use or accept to pay a higher price for them.
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YinYang on February 20th, 2010 7:47 am:

British people are cool people because i notice that other people in countries like France, Spain, South America, Asia go out into the streets to protest angrily about high price of stuff in their countries. British only like to talk about these things, so they never get what they want. I think the British people have much anger inside because they keep quiet to themself. ONly the companies are happy and rich.
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Adelaida on February 20th, 2010 8:37 am:

We saw it coming and signed up for a fixed price deal with british gas years ago. The thing is with global demand rising and with increasing political difficulties surrounding supply, price increases were (and still are) inevitable.

You have to remember that even if new pipelines are built from new places you still have to compete with increasing demand in that area too.

The shocking thing is that useage is not really falling (which would do more then anything else to keep prices from increasing). Its a bit of a cliche, but if you are not part of the solution you are part of the problem.

I work for a small charity and the rise in fuel prices for buisnesses have been much higher then that. Ideally we would like to improve the buildings insulation, and perhaps have a wind – turbine (the roof really is ideal for it), but its a listed building. Apperently preserving old builing is more important than preserving the planet and keeping the economy healthy! c
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Dartboard on February 20th, 2010 9:26 am:

They should be nationalised
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lowjoy on February 20th, 2010 10:07 am:

These prices are now here forever, because as long as they keep building more and more houses, we are footing the bill.We have to pay for all the new pipelines, and new Sub Stations that are required, to enable the expansion, of greedy builders.They are making hay from all the Immigration that is going on as these people have to live somewhere.It is time now for a complete stop, because if not, will we have houses all over but we are losing green areas which can never be replaced, and we need those to help the climate.
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Nimrod on February 20th, 2010 10:45 am:

What I found typical, was the statement: "With immediate effect".

When/if the prices fall, it would be months before the cuts were passed on. Market forces or not, what blatant, profiteering hypocrisy.

Source(s).

Greed.
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Lorne on February 20th, 2010 11:28 am:

The oil & power companies are blatently profiteering – the government is robbing us too – it is about time something was done.
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rose1 on February 20th, 2010 11:56 am:

Shocking. The UK government should encourage eco friendly forms of heating and light, but they are not actively doing it seriously are they? Why? Not much profit for them when we get heating free from the Sun!! They make gestures because of pressure groups, but if they were serious about solar energy they would be actively helping people change their form of heating and light by leading by example.

This is all about greed, and privatisation was the worst thing that caused it too.

Profit is what the companies want
and taxes are what the government want neither cares about the consumer!!
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sportingbet promotional code on May 14th, 2010 1:29 pm:

I like your blog design. What template did you use ?


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