Il capo della British Gas afferma che le bollette energetiche aumenteranno “inevitabilmente” se i prezzi rimangono alti

Breaking news, wholesale price rises cause retail prices to rise.

Shock horror

I cannot understand what is going on here at all. Why are we just accepting this closure of the Strait of Hormuz ? Whatever the rights and wrongs of the present actions in Iran **the Iranians have no right to shut the Strait Of Hormuz**, the far side of which is not even in their territory, it is effectively in the UAE and Oman.
Navy’s are there to keep freedom of navigation, it’s one of their major functions, and if they did that on the UAE / Oman side of the strait then the rest of the world – including us – would not be risking significant economic damage. Whether we like it or not, and I take no position on that, we ARE involved as our economy is at stake here. So why are our navy not helping to ensure freedom of navigation ? If they cannot do that then what is the point in having a Blue Water Navy ?

Would it be too much to ask for these businesses to actually lose money when this happens, or do we always have to subsidise a win/win for them?

Just to point out, just two years ago in 2024:

> “*The boss of the British Gas owner, Centrica, has seen his earnings nearly double to **£8.2m**, despite having admitted that his smaller pay packet the previous year [of £4.5m] was “impossible to justify”.*

> *Chris O’Shea earned a basic salary of **£903,000**, which was topped up by cash and share bonuses worth an extra **£7.3m**.”*

From:

https://www.theguardian.com/business/2024/mar/26/british-gas-owner-doubles-bosss-pay-to-8m-despite-qualms-over-previous-rise

I would bet serious money that his bonuses are not going to go down, nor stay the same, while his company “inescapably” passes on this crisis’ costs directly to the average joe trying to heat his house.

We should have diversified to the degree we could end our involvement in the middle east shitshow years ago.

Email from Octopus Energy:

> I’ve been getting a lot of questions about how the latest news impacts energy prices. I want to tell you directly what it all means for you:

> From April 1, energy bills are falling.
This is largely thanks to the Government’s decision to remove some levies and obligations from energy bills — a move Octopus has championed for years. Moving these costs off your bills and into general taxation is a fairer way to recover them, and it’s finally making a difference to your monthly costs — take a look at the PDF attached for a personalised breakdown

> Standing charges: No rises from Octopus
The April price cap actually increases standing charges for electricity in most areas of Britain to cover some of the cost of grid upgrades. The other large suppliers have been quick to pass these rises on.

> We don’t think it’s right. Standing charges are already too high, so Octopus is holding or reducing electricity standing charges in every region. We remain the only large supplier to have never charged the full Ofgem price cap, and we’re committed to keeping standing charges as low as possible.

> Global context and the Price Cap
It is impossible to ignore the news regarding the war in Iran and other global conflicts. These events naturally create uncertainty in the wholesale energy markets, and sadly Britain is far too dependent on natural gas.

> However, because of the way the Ofgem Price Cap works, you are protected from any immediate price rises until July at the earliest. We hope, for many reasons, that these conflicts are resolved quickly and that wholesale prices can return to more typical levels before the next cap update.

> If you need certainty about your energy bills for the next year, we’re still offering fixed tariffs at the moment. They’re more expensive than they were just a few weeks ago, but if you just can’t risk future rises in July or over winter, they could be a good choice.

> The bigger picture: Electrifying everything
This latest bout of international turmoil is yet another reminder of why we must move away from volatile fossil fuels. By ditching natural gas and electrifying everything, we can power our homes and businesses with cheap, home-grown renewable energy where prices aren’t sent soaring by global conflict.

> Many customers tell us that they feel more protected from fossil fuel shocks since investing in a heat pump, solar panels, or an electric car (and often save on bills by making the most of clean electricity with a smart tariff).
What this means for you.
There’s a personalised breakdown for you in the PDF attached to this email.

> We’re not adjusting your payments right now. As ever, we’ll keep an eye on them and suggest a change if it looks like you’re paying too little or too much.

> You can also check our unique Balance Forecast in your online account to get a sense of whether your monthly payments are set at a sensible level and adjust them if helpful.

> If you are struggling with your bills, please let us know — you can apply or find out more about our support fund, standing charge help or our electric blanket scheme.

> I hope this email has been helpful — please let me know your views and any suggestions via this short survey. Your candid feedback makes a real difference.

> Yours sincerely,

> Greg Jackson

> Founder, Octopus Energy

Awful cunt who used fire and rehire on all of his guys to force them onto worse contracts.

Because he and his exec colleagues will not, and have not done anything at all to do anything about this obvious problem.

They will still get their bonuses for literally ‘keeping the lights on’ the easiest job in the world.

There is no profit in it for them to have decent reseverses or a sustainable, reliable source.

Electric prices need to separate from gas prices this is getting ridiculous

He even looks like a villian from the 18th century, give him half a chance and he will send the kids to work