@RichardJMurphy
My supplier Octopus -
"..the highest price ends up setting the wholesale market price. So when gas prices are high, electricity prices from all sources are too.
This is outdated and we are pushing for change but, for now, it’s just the way things work."
So Govt could change it
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My supplier of what they tell me is wholly renewable electricity told me it’s doubling its price to me today. But the price of producing renewable electricity has not changed right now. There is in that case no reason for this. The government is simply permitting profiteering.
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@Lance63
@RichardJMurphy
Octopus
@OctopusEnergy
are offering to put our bill up 130 percent on a fixed one year tariff.
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@Lance63
@RichardJMurphy
That's a bit socialist though isn't it??? Tories find that hard to swallow.
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@Lance63
@RichardJMurphy
That makes a lot of sense & good to see Octopus telling it straight as usual. I knew about the wholesale issues, Eon have been up front about that. But had been wondering *why*
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@Lance63
@KKrowe9
@RichardJMurphy
Yes. But. Only if they wanted to. .
At the moment they are scooping up the profits . . 😱😭👿🤬
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