Hilariously funny post :cry:
16 Nov 2023 — standing charge to unit rate would, considering the market as a whole, increase the revenues suppliers can make under the price cap.
(ofgem website quote)
Increased revenue with increased profit margin means more profit and more money into the pockets...
Doesn’t our unit price already have 25% network cost built in?
It’s interesting you think that 7.3bil a year is going into grid not the pockets of CEO and shareholders of energy companies.
Martin Lewis has been saying for years that standing charge should be abolished and people needs to pay...
Tell me what is there to do to have a meter sitting there in a property?
Operational cost is in the margins
For £7.3bil a year that’s 243,000 employees at a wage of £30k/year.
Clearly the combined industry employees by the operators in UK industry is not even close to that 243,000 people. So...
Standing charge is an absolute scandal. It just shows how out of touch ofgem is and whose interest ofgem looks after.
I am on tracker combined standing charge is 70p now. It’s insane.
There are 28.mil house holds in the UK so on lower bound estimate, energy companies are making 20mil a day...
the whole charging debate or issues won’t go away until EV is ubiquitous.
The EV market and the charging networks are still emerging from their infancy really the way I see it. Even with Tesla network, they aren’t in any places I want to go for staycation so I will have to rely on destination...
I have used extension lead with granny before. Just need to reduce the charging current to limit power at 2kw max. Otherwise it will trip the circuit breaker on the extension (assuming it is external graded extension with over current protection)
Tbh, I was using bymiles for a number of years and they were cheapest by a large margin. Nothing on comparison website can come close. During the first year of lockdown the whole year insurance was just over £200.
Then randomly in 2023 the renewal cost was trebled and the cost per mile was...
So with e-Niro and others with frontal charging ports, if you shunt the car at the front end, you will loose the ability to charge the car and possibly write the car off?
Is that an insurance group thing?
New BEV registrations in UK is +21% YoY
Overall BEV market share in Uk is down against ICE
But non-private registrations is now 65% of the total registration.
Difficult to draw conclusion from these numbers but maybe lease companies are buying ICE cos they got good deals? Or you could argue...
Self charging makes sense that the engine is pegged at most efficient rev to provide the necessary electrical supply.
PHEVs however carries a big lump of battery and often times not very efficient yielding low 2miles/kwh. Often times owners don’t use plug in and just drive the car like a...
Pure ICE car days are numbered. You will get hybrids as years roll on.
Hybrids are worse con than ICE especially the plug in ones. Self charging ones yeah ok.
It’s also worth noting that while almost everyone economists or Joe Public don’t believe rates will return to 1% 2% etc which is almost 99.999% certainty. There is a high lieklihood that rates will be as low as we have seen in the last decade in the next economic cycle(s) if the stresses on...
Sure if you are servicing a mortgage product from 20yrs ago, it wouldn’t have made much different even if the rates are going to 8%.
But housing market is propped up by new blood. It’s almost like a Ponzi. If no one enters the market new then almost everything collapse. So looking at...
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