The current suppliers have way too much power and just continue to pylon more and more costs to their customers.
Prudent_Conference48 on
I installed a gas fire rather than electric because electricity is so much more expensive than gas.
LopsidedLegs on
Multiple reasons. We peg our electricity prices based upon the most expensive production type – gas. Also under the Tories investment in green energy, green solutions (eg home insulation), energy infrastructure tanked. Add in effective banning of onshore wind production we lost 14 years of potential to reduce energy usage and expanse renewable production.
A failure to act with long term vision.
walk3r101 on
Electric price is high because the government purposely sold it to a private firm so they can add tax to it to make money. Look at some other countries where the water and electricity is owned by the people.
speedyspeedys on
It’s about time the UK abolished the standing charge.
requisition31 on
We pay over 30% more compared to Europe due to subsidising unreliable renewables.
See this website, has a great interactive pie chart showing this.
One other big factor is its mostly owned by foreign companies and essentially our extortionate bills subsidise their own nations much lower bills
Mlghty1eon on
Because you’re buying from brokers not from supplies silly!
Hats4Cats on
We didn’t invest in nuclear power stations. You can’t skip a tech tree without consequences.
NafariousJabberWooki on
Corruption. It’s the answer for any “Why do Brits pay more for….” question.
But it’s done very politely, so we don’t call it that, might offend.
RevolutionaryPop1331 on
So it’s in line with the other high costs like transport, childcare and nobody notices 😅
chronicnerv on
Here’s the quick story
Before 2022, Europe (including the UK indirectly) got a lot of its gas from Russia through Nord Stream 1. It was pretty cheap and reliable. Then in late September 2022, some serious sabotage happened. Not just one, but three out of four Nord Stream pipeline strings were blown up, two pipes in Nord Stream 1 and one in Nord Stream 2. Only one pipeline string wasn’t damaged, but that one was never even put into service.
So basically, most of the cheap Russian gas pipeline supply got cut off overnight. Because of this, Europe had to scramble for other gas sources. The main alternative became US LNG, which is way more expensive because of the costs to liquefy and ship it.
On top of that, new trade deals and politics mean Europe (and the UK) are more tied to the US for energy now and that usually means higher prices and less control. The UK gets hit especially hard because it doesn’t have large gas storage and depends a lot on gas for heating and electricity, plus it feels the global market prices pretty directly.
So yeah, the Nord Stream sabotage basically forced Europe onto a pricier energy path, and that’s why your electricity bills went up.
mishaxz on
don’t Brits pay more for just about everything? that was always my impression of the UK
bigjig125 on
Britain also pays most for public transport compared to anywhere in Europe. Rip off Britain
zwifter11 on
One possible reason why we pay more is, idiots in the UK refuse to have nuclear power, so when electricity demand outstrips supply, we have to import electricity from France. Guess how France makes their abundance of electricity
As I write this, the UK is currently generating only 87.4% of its electricity. We’re importing 4 GW from France. And another 1.67 GW through Belgium and Norway.
Technical-Mind-3266 on
Marginal pricing coupled with the fact we stopped storing large quantities of gas in 2017 to meet climate legislation.
We used to buy it cheaply at low demand and store it avoiding the surge pricing of the monopolies when winter hit, but now we no longer store it we’re at the behest of the few places that sell gas.
We could break the marginal pricing link, but companies will likely increase the price of renewables to offset the missing funds for purchasing high cost gas.
We could store gas again, buy it cheap then generate electricity from it. The UK signed a huge LNG deal with the US recently, so it would make sense in a way.
Could stop using gas, but we’d have to find a new base load provider.
The UK has a habit of not looking before it leaps, and it’s us that pays.
sirMarcy on
ITT: lefties doing Olympic level mental gymnastics to not acknowledge it’s due to net zero
Neberix on
0 regulation aimed to help the majority of people like most things…
18 commenti
The current suppliers have way too much power and just continue to pylon more and more costs to their customers.
I installed a gas fire rather than electric because electricity is so much more expensive than gas.
Multiple reasons. We peg our electricity prices based upon the most expensive production type – gas. Also under the Tories investment in green energy, green solutions (eg home insulation), energy infrastructure tanked. Add in effective banning of onshore wind production we lost 14 years of potential to reduce energy usage and expanse renewable production.
A failure to act with long term vision.
Electric price is high because the government purposely sold it to a private firm so they can add tax to it to make money. Look at some other countries where the water and electricity is owned by the people.
It’s about time the UK abolished the standing charge.
We pay over 30% more compared to Europe due to subsidising unreliable renewables.
See this website, has a great interactive pie chart showing this.
[https://www.electricitybills.uk/](https://www.electricitybills.uk/)
One other big factor is its mostly owned by foreign companies and essentially our extortionate bills subsidise their own nations much lower bills
Because you’re buying from brokers not from supplies silly!
We didn’t invest in nuclear power stations. You can’t skip a tech tree without consequences.
Corruption. It’s the answer for any “Why do Brits pay more for….” question.
But it’s done very politely, so we don’t call it that, might offend.
So it’s in line with the other high costs like transport, childcare and nobody notices 😅
Here’s the quick story
Before 2022, Europe (including the UK indirectly) got a lot of its gas from Russia through Nord Stream 1. It was pretty cheap and reliable. Then in late September 2022, some serious sabotage happened. Not just one, but three out of four Nord Stream pipeline strings were blown up, two pipes in Nord Stream 1 and one in Nord Stream 2. Only one pipeline string wasn’t damaged, but that one was never even put into service.
So basically, most of the cheap Russian gas pipeline supply got cut off overnight. Because of this, Europe had to scramble for other gas sources. The main alternative became US LNG, which is way more expensive because of the costs to liquefy and ship it.
On top of that, new trade deals and politics mean Europe (and the UK) are more tied to the US for energy now and that usually means higher prices and less control. The UK gets hit especially hard because it doesn’t have large gas storage and depends a lot on gas for heating and electricity, plus it feels the global market prices pretty directly.
So yeah, the Nord Stream sabotage basically forced Europe onto a pricier energy path, and that’s why your electricity bills went up.
don’t Brits pay more for just about everything? that was always my impression of the UK
Britain also pays most for public transport compared to anywhere in Europe. Rip off Britain
One possible reason why we pay more is, idiots in the UK refuse to have nuclear power, so when electricity demand outstrips supply, we have to import electricity from France. Guess how France makes their abundance of electricity
As I write this, the UK is currently generating only 87.4% of its electricity. We’re importing 4 GW from France. And another 1.67 GW through Belgium and Norway.
Marginal pricing coupled with the fact we stopped storing large quantities of gas in 2017 to meet climate legislation.
We used to buy it cheaply at low demand and store it avoiding the surge pricing of the monopolies when winter hit, but now we no longer store it we’re at the behest of the few places that sell gas.
We could break the marginal pricing link, but companies will likely increase the price of renewables to offset the missing funds for purchasing high cost gas.
We could store gas again, buy it cheap then generate electricity from it. The UK signed a huge LNG deal with the US recently, so it would make sense in a way.
Could stop using gas, but we’d have to find a new base load provider.
The UK has a habit of not looking before it leaps, and it’s us that pays.
ITT: lefties doing Olympic level mental gymnastics to not acknowledge it’s due to net zero
0 regulation aimed to help the majority of people like most things…