Thanks for your post.
I can remember in 1973 the price of oil shot up and petrol coupons were given to every car owner in the U.K. to be used in the event of a shortage of petrol. No unleaded petrol in 1973 because the magic words ‘climate change’ was never used.
In my opinion the cost of social tariffs, feed in tariffs paid to the owners of wind turbines and solar panels and the cost of installing 1st generation and 2nd generation smart meters should never have been added to the cost of energy bills but instead paid by general taxation.
Ofgem should be publishing the maximum unit price per kilowatt hour and daily standing charge that an electricity billing company can charge with effect from 1st October 2022.
I also think that businesses should be charged the same unit price per kilowatt hour and daily standing charge for electricity and gas as a domestic customer.
These businesses use the same electricity as people living in a house so why are businesses being fleeced by electricity billing companies.
Businesses who use heating oil pay the same price for a litre of heating oil as a domestic customer so why not the same for electricity and gas billing companies.
Politicians in both Scotland and England should be explaining why there is no price cap for businesses in Scotland, England and Wales for electricity and gas.
Finally. A couple of weeks ago there was an article in the Sunday Times newspaper where the owner of Octopus energy stated that he was still using energy that he purchased two years ago. If correct then Octopus customers are being ripped off as he is charging a far higher price for their energy than he paid for it.
Ofgem should be demanding that all the electricity and gas billing companies state when they purchased their gas and electricity and what price they paid for it.
No doubt companies like Octopus will now be stating that we will have to pay high prices for our electricity and gas because it will take many years for it to be used.
Too bad. When the price of electricity and gas falls we should be receiving a reduction in our electricity and gas bills at the first quarterly review.