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Post by patman post on Oct 18, 2022 18:24:45 GMT
Can't see removing the cap on energy in April going down very well with voters. Agreed — but that’s not exactly what was said. Yes, the current arrangement will stay in place until April. But it will be reviewed after that. Many factors may have changed by then. So it appears sensible to adjust everything to what’s being supplied, what’s required, and the cost… |
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Post by Equivocal on Oct 18, 2022 18:45:24 GMT
Can't see removing the cap on energy in April going down very well with voters. Agreed — but that’s not exactly what was said. Yes, the current arrangement will stay in place until April. But it will be reviewed after that. Many factors may have changed by then. So it appears sensible to adjust everything to what’s being supplied, what’s required, and the cost… I take your point, but I believe the review is to design a different system that will cost 'taxpayers significantly less'. For this taxpayer, I suspect that probably means removing the cap on energy and costing this taxpayer significantly more. |
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Post by Steve on Oct 18, 2022 21:17:48 GMT
So how come the gas price started climbing in May 2021 9 months before the invasion? Heating oil prices trebled from August 2021 to somewhere in October 2021, they're still double the last August price. When I asked, about a year ago, my oil provider said that one of the major refiners was in financial trouble; I've never found out the truth of that. AFAIK the government is yet to honour its promise to make an equivalent arrangement to the energy price cap for off gas grid homes. Not good And the price of crude oil was rising from early 2021. By April 2021 it had passed its pre Covid figure and kept rising so that doubling wasn't surprising. Worth taking a look at the 5 year view here www.bbc.co.uk/news/topics/cmjpj223708t/oil |
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