iansheff Posted November 20, 2020 Share Posted November 20, 2020 Ofgem have proposed that UK households pay a £21 increase to energy bills from April to cover bad debt. They say the extra charge could be the solution to compensating suppliers who have been left out of pocket due to the rising number of bill payers unable to meet their charges during the coronavirus pandemic. https://www.express.co.uk/finance/personalfinance/1362413/energy-price-warning-ofgem-increase-debt Link to comment Share on other sites More sharing options...
Pyrotequila Posted November 20, 2020 Share Posted November 20, 2020 So they want everyone to pay this extra charge to cover the people who can't afford to pay their bills? How will they separate the people who can't pay the bill, from the people who don't want to and try and scam the system? Link to comment Share on other sites More sharing options...
Baron99 Posted November 20, 2020 Share Posted November 20, 2020 I'll pay the £21 extra then, when the next bill come in, tell the power company I can't pay. Quids in. Link to comment Share on other sites More sharing options...
Anna B Posted November 20, 2020 Share Posted November 20, 2020 So people are not able to pay their electricity bills... I know, let's put their bills up, that'll sort it.🙄 Link to comment Share on other sites More sharing options...
melthebell Posted November 20, 2020 Share Posted November 20, 2020 LOL, bunch of idiots, theres a reason why people cant pay Link to comment Share on other sites More sharing options...
bassett one Posted November 20, 2020 Share Posted November 20, 2020 dont they make profits to cover things like that? Link to comment Share on other sites More sharing options...
Thirsty Relic Posted November 21, 2020 Share Posted November 21, 2020 Their Balance Sheets include provision for Bad Debts, and they make profits over and above that. I have to say that, in these exceptional times, the provision may be low. That would impact on profits, maybe even wiping them out for a period. However, I can see no reason for all customers to be asked to pay for this temporary blip. Businesses (especially large infastructure ones with reserves) continue, and can be expected to recover when the sector recovers, next year perhaps, after the vaccines ...... Link to comment Share on other sites More sharing options...
AKAMD Posted November 21, 2020 Share Posted November 21, 2020 Re-Nationalize them! Fair bills for all! Link to comment Share on other sites More sharing options...
El Cid Posted November 21, 2020 Share Posted November 21, 2020 11 hours ago, Thirsty Relic said: Businesses (especially large infastructure ones with reserves) continue, and can be expected to recover when the sector recovers, next year perhaps, after the vaccines ...... Good post. Energy companies will have suffered very little, people still use energy, perhaps a little less. But they will just turn down the gas. Is it just another news story, with little substance? Link to comment Share on other sites More sharing options...
iansheff Posted November 21, 2020 Author Share Posted November 21, 2020 Would like to know how much of the money in this country spent on energy goes abroad as four of the big six energy companies are foreign owned. EDF Energy is French-state-owned. NPower is owned by Innogy SE, a subsidiary of the German company RWE Scottish Power is a subsidiary of Spanish utility company Iberdrola E.ON is a German energy company Only British Gas and SSE are British owned companies Which energy suppliers are British owned? (uswitch.com) Link to comment Share on other sites More sharing options...
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