They haven't been buying future gas at cheaper prices. They have been buying future gas at higher but guaranteed prices. Or hedging with derivatives which amounts to paying an insurance premium against price rises.
What *should* have happened is that you got stuck paying market prices and your bills trebled. Ofgem prevented that, so the cost has fallen on non cheapskate customers and the tax payer.
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I hope not. people who are essentially taking commercial risks need to be exposed to the risk downsides as well as the upsides. It would have been better if nearly all the high street banks had collapsed...
Which works both ways and is not the simple task that you seem to think it is. For most of the minnow energy companies, the costs of hedging would have wiped out their profits.
Meanwhile OFGEM has made it clear who is actually going to pay for all these cheapskates -
"Energy companies will be repaid the cost of taking on the customers of bankrupt suppliers sooner than expected, adding further upward pressure to household bills from April.
Bloomberg has the details:
Paying for the cost of absorbing millions of customers without being reimbursed for as long as 18 months was one of the key gripes of energy suppliers still left in the market.
Regulator Ofgem has brought forward the date suppliers can start to recover these claims via bills to April, but that means higher costs for consumers already facing a hike in the nation?s price cap."
YES...WE HATE CHEAPSKATE PARASITES ....I took the food parcels because we couldn't risk going to the shops.....
yes cheapskate bastards
just parasites
All the major supermarkets would have delivered the food you paid for!
OK then to be honest it was the first feebee I ever had and I enjoyed it...tee hee
Bills wouldn't have trebled. The wholesale price of the energy doesn't make 100% of the bill. Before the wholesale cost increases it was around
35% of a dual fuel bill. Green stealth taxes make up 25% of the electricity bill.
Round here, it was impossible to get a delivery slot even with all thenmajor firms in the area. . Jim lives somewhere only one firm might deliver.
Jim is a freeloader.
You could have ordered from shops who delivered and paid.
Or there were plenty of volunteers who took shopping lists for people and delivered it to them.
totly
f*ck charity
paid for?...how does that work ? ...
No shortage of volunteers who would do shopping and deliver.
but not you then ? ...
The Natural Philosopher snipped-for-privacy@invalid.invalid wrote
Nope, that would have produced another great depression or worse.
Don?t you normally pay for the groceries you get from supermarkets?
It is more than likely your free food packages were donated. Probably delivered by people who were associated with a charity. Charities fund a lot of medical research, enabling things like transplants.
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