It’s a very good plan. Much more comprehensive than it was reported this morning on the radio
All very good and thought out. Hopefully the gooverment takes notes.
Perfectly reasonable points
The best and most comprehensive proposal to date. All appear achievable and well laid out short, medium and long term plans. Good company ethics of which I truly hope the Government listen carefully to, also value and reward such thoughts promoting further industry ideas and innovation.
Never thought I’d want the heads of private energy retail in government but they seem far better equipped than our current crop of ministers.
A much more comprehensive and coherent plan than the usual “just nationalise it” we see here on pretty much every energy related post.
It’s still a bit high level, but it’s definitely something realistic to work with
Yeah…none of that is going to happen under the Tories. Well, not unless they can find a way to enrich their chums – so maybe “7. Insulate everything” has a chance once the shysters have their shell companies set up (basically, pandemic PPR boogaloo).
6 and 7 should be much higher in my opinion…
My only issue with the plan is this ‘Tariff Deficit Fund’, which isn’t detailed but basically means creating an unlimited loan – backed by the government – so energy sellers can continue to pay the ever-increasing charges set by energy generators, while charging the consumers a lower amount. Then, after a set period, the debt built up by that scheme is to be paid off by us, the average consumer, in the form of increased bills over 10 – 20 years. No thanks. It would basically be one of the biggest redistributions of wealth ever seen – a heist on a scale never seen before.
Countries need to band together and force energy generators – the ones that have seen their profits jump by several hundred percent since the start of this shitshow – to lower their charges to reasonable levels through major regulation.
‘Free market capitalism’ needs to go the way of the dodo.
Correct me if I’m wrong, but the cap is a max limit, not a required price. In other words, energy providers could simply choose to set a lower cost. This wouldn’t make financial sense for them, but it is possible if a provider is serious about protecting its customers.
Good plan but PrePay should not be the cheapest it should be the SAME as other methods – certainly not the most expensive as it is now
For point 1, I’d bring it forward, yes, but also extend it to next June at least, and increase it to £100 / month from January.
2&3 make a lot of sense.
Point 4 should have been done a long time ago. Prepayment plans should be capped at the same level as other bills, maybe even a bit lower.
Point 5 sounds like the original government idea before the rebate, which I didn’t think made much sense.
6&7 should be no brainers. But this government is brainless.
8, 9 and 10 also make a lot of sense, but again requite a sane government.
Great ideas i hope get followed. But imo there is too much being put on helping low income households. Now dont get me wrong they should get every bit of help possible.
What I mean is for example I technically classed as a mid earner ( I think 32k per year before tax) but that is literally the only source of money I have. I get no help with bills plus have to pay every penny of my outgoings myself.
I have cut down as much as possible but now have to decide wether to get rid of my car etc as I can no longer afford it.
I guess the point im trying to make is it just feels people like me who are struggling are being forgotten about.
All these private energy bosses plans involve tax money subsidies, why not just use the tax payer money to nationalise? Would ensure we never face a situation like this in the future?
Yep, whichever of the two dickheads that get in power could do a lot worse than simply copy/paste this list
It comes to something when Ovo is doing a better job than the government
Honestly the standing charge is the one I think will have the most impact going forward. At the moment for many people there’s realistically little difference between turning off some appliances and leaving them on because the standing charge penalises them for just being there anyway. People are trying to figure out how to cut costs when they are already struggling to pay just the standing charge.
Have a system where those who rely on medical equipment and have other complex energy requirements such as the elderly over the winter to have an actual price cap (not the nonsense average figure at the moment which is just misleading and doesn’t actually mean anything to most people), scrap the standing charge and reflect it in the cost per unit.
And it should hopefully help those on the bottom more, as those with larger households and higher energy use will offset the elimination of the standing charge by having a higher cost per unit.
I clicked on this expecting to be angry at a private company demanding taxpayer money to be distributed to bill payers and then back into the pockets of the company and its shareholders **BUT** that list is absolutely brilliant.
I am so glad I got rid of OVO. Yes, they are innovative, yes, they do have great plans. But they refused to calculate by DD correctly, and it took me 5 months to finally switch to a different provider, so delivery does not seem to be their strength.
Number 10. Introduce an extra tax? Hmmmm. Not really the best way to reduce costs is it?
I heard yesterday someone propose that households get a certain amount of energy a year at wholesale cost then any over that is very expensive. That to me seems to be a really good idea.
I don’t see why everyone loves this plan. It means the government will give them some giant loan. They’ll allegedly use that loan (and not skim off it too) to subsidise our bills and then at some nasty point in the future the taxpayer/billpayer will have to pay all of this back? Nah. Nationalise them. Or do what France did and put a maximum % on increases.
24 comments
Good ideas until the carbon tax bit.
It’s a very good plan. Much more comprehensive than it was reported this morning on the radio
All very good and thought out. Hopefully the gooverment takes notes.
Perfectly reasonable points
The best and most comprehensive proposal to date. All appear achievable and well laid out short, medium and long term plans. Good company ethics of which I truly hope the Government listen carefully to, also value and reward such thoughts promoting further industry ideas and innovation.
Never thought I’d want the heads of private energy retail in government but they seem far better equipped than our current crop of ministers.
A much more comprehensive and coherent plan than the usual “just nationalise it” we see here on pretty much every energy related post.
It’s still a bit high level, but it’s definitely something realistic to work with
Yeah…none of that is going to happen under the Tories. Well, not unless they can find a way to enrich their chums – so maybe “7. Insulate everything” has a chance once the shysters have their shell companies set up (basically, pandemic PPR boogaloo).
6 and 7 should be much higher in my opinion…
My only issue with the plan is this ‘Tariff Deficit Fund’, which isn’t detailed but basically means creating an unlimited loan – backed by the government – so energy sellers can continue to pay the ever-increasing charges set by energy generators, while charging the consumers a lower amount. Then, after a set period, the debt built up by that scheme is to be paid off by us, the average consumer, in the form of increased bills over 10 – 20 years. No thanks. It would basically be one of the biggest redistributions of wealth ever seen – a heist on a scale never seen before.
Countries need to band together and force energy generators – the ones that have seen their profits jump by several hundred percent since the start of this shitshow – to lower their charges to reasonable levels through major regulation.
‘Free market capitalism’ needs to go the way of the dodo.
Correct me if I’m wrong, but the cap is a max limit, not a required price. In other words, energy providers could simply choose to set a lower cost. This wouldn’t make financial sense for them, but it is possible if a provider is serious about protecting its customers.
Good plan but PrePay should not be the cheapest it should be the SAME as other methods – certainly not the most expensive as it is now
For point 1, I’d bring it forward, yes, but also extend it to next June at least, and increase it to £100 / month from January.
2&3 make a lot of sense.
Point 4 should have been done a long time ago. Prepayment plans should be capped at the same level as other bills, maybe even a bit lower.
Point 5 sounds like the original government idea before the rebate, which I didn’t think made much sense.
6&7 should be no brainers. But this government is brainless.
8, 9 and 10 also make a lot of sense, but again requite a sane government.
Great ideas i hope get followed. But imo there is too much being put on helping low income households. Now dont get me wrong they should get every bit of help possible.
What I mean is for example I technically classed as a mid earner ( I think 32k per year before tax) but that is literally the only source of money I have. I get no help with bills plus have to pay every penny of my outgoings myself.
I have cut down as much as possible but now have to decide wether to get rid of my car etc as I can no longer afford it.
I guess the point im trying to make is it just feels people like me who are struggling are being forgotten about.
All these private energy bosses plans involve tax money subsidies, why not just use the tax payer money to nationalise? Would ensure we never face a situation like this in the future?
Yep, whichever of the two dickheads that get in power could do a lot worse than simply copy/paste this list
It comes to something when Ovo is doing a better job than the government
Honestly the standing charge is the one I think will have the most impact going forward. At the moment for many people there’s realistically little difference between turning off some appliances and leaving them on because the standing charge penalises them for just being there anyway. People are trying to figure out how to cut costs when they are already struggling to pay just the standing charge.
Have a system where those who rely on medical equipment and have other complex energy requirements such as the elderly over the winter to have an actual price cap (not the nonsense average figure at the moment which is just misleading and doesn’t actually mean anything to most people), scrap the standing charge and reflect it in the cost per unit.
And it should hopefully help those on the bottom more, as those with larger households and higher energy use will offset the elimination of the standing charge by having a higher cost per unit.
I clicked on this expecting to be angry at a private company demanding taxpayer money to be distributed to bill payers and then back into the pockets of the company and its shareholders **BUT** that list is absolutely brilliant.
I am so glad I got rid of OVO. Yes, they are innovative, yes, they do have great plans. But they refused to calculate by DD correctly, and it took me 5 months to finally switch to a different provider, so delivery does not seem to be their strength.
Number 10. Introduce an extra tax? Hmmmm. Not really the best way to reduce costs is it?
I heard yesterday someone propose that households get a certain amount of energy a year at wholesale cost then any over that is very expensive. That to me seems to be a really good idea.
I don’t see why everyone loves this plan. It means the government will give them some giant loan. They’ll allegedly use that loan (and not skim off it too) to subsidise our bills and then at some nasty point in the future the taxpayer/billpayer will have to pay all of this back? Nah. Nationalise them. Or do what France did and put a maximum % on increases.
1. Don’t nationalise us.
2. Don’t nationalise us.
3. Don’t nationalise us.
4. Don’t nationalise us.
5. Don’t nationalise us.
6. Don’t nationalise us.
7. Don’t nationalise us.
8. Don’t nationalise us.
9. Don’t nationalise us.
10. Don’t nationalise us.
> Over time, consumers may have to adjust to permanently higher energy prices.
This should say “over time energy companies may have to adjust to permanently lower profits”.