|Topic:||Re:Why no reduction in energy costs ?|
|Posted by:||Ed Yelland|
|Andy, there was an element of truth in what the CEOs said. With the threat of enforced prize freezes and the then high oil price, hedging positions and long term options were taken on future supply with the consequence that prices have fallen more slowly than would have otherwise been the case.|
That said, the UK continues to enjoy lower retail prices for both gas and electricity than most of Europe - and that's despite the higher costs of transmission here that reflects ongoing investment to ensure we don't get the supply interruptions that are still common in many parts of Europe.
It's worth using a price comparison website to check what you're paying though - the current MoneySupermarket collective switch cut the cost of gas and electricity by around 10% on the prices offered by the Martin Lewis collective big switch only 6 months. When compared to the prices of Ealing Council's collective switch last April the KWh cost has fallen around 20% for both gas and electricity in over the last 14 months.
|Topic||Date Posted||Posted By|
|Why no reduction in energy costs ?||16/06/15 13:57:00||Andy Pease|
|Re:Why no reduction in energy costs ?||16/06/15 14:04:00||Julian Pavey|
|Re:Re:Why no reduction in energy costs ?||16/06/15 14:07:00||Andy Pease|
|Re:Why no reduction in energy costs ?||16/06/15 14:08:00||Jonathan Bingham|
|Re:Why no reduction in energy costs ?||16/06/15 14:21:00||Vanessa Smith|
|Re:Why no reduction in energy costs ?||16/06/15 14:34:00||Ed Yelland|