UK Gas price scandal.

We are paying far more for our gas than those in Europe?

Answer because the European market is not competive like ours is!!!!

What a load of garbage, if our market was more competive we would have lower prices not higher, if their market was "uncompetive" why do they have much lower prices?

No the simple answer is that we have private gas companys colluding to force up prices in the UK, why should they buy in cheaper gas when they can push up prices instead.

Gas prices in the UK have gone up about 50% whilst the UK gas companies have doubled their profits, it is *clear* where the uncompetive market is, it is here in the UK. They have no incentive to buy the cheaper gas, they would rather jack up their profits? And what has the industry regulator been doing? Playing golf and wineing and dining with the gas company bosses no doubt. Proof if you ever needed it thatthe privatisation of power has pushed prices up. So don't we benefit from the cheap gas available in Europe? Answer because our private gas companies don't want to buy it, they don't need to, they can just keep whacking up the prices, it's no skin of their noses.

Reply to
Emperor's New Widescreen
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Is that a question or statement of fact? I believe I pay more in Spain for gas than in the UK (a quick look at invoices seems to confirm this). What is your source?

The bigger, wider (or anamorphic) picture is a little more complex than you make it out to be.

Reply to
Colin Forrester

Indeed, we need to stretch this issue out a little so we can see both sides of the argument, is he talking about the consumers, the interconnectors, the suppliers?

German consumers pay more for their domestic supplies than we generally do.

You'd have to be quite square to appreciate the full width of the market.

Reply to
Aztech

BBC news.

You may be paying more in Spain though, it is widely known for it's corruption. I am sure you are familiar with the phrase "Spanish customs"

The wider picture is a big con (like widescreen), the big picture is gas is cheap and we in the UK are being overcharged by the private gas companies who are making record profits.

One word. Corrupt.

Reply to
Emperor's New Widescreen

We are? Given the fact the UK prices have previously been 20% lower than the EU median, when did it change?

I think you need to find some evidence of these much lower prices first...

Jim.

Reply to
Jim Ley

The report I read on the BBC doesn't mention that the UK pays more than other EU Countries. It discusses other issues. The report I refer to is here:-

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Which BBC report are you referring to?

Reply to
Colin Forrester

The one on the telly with the chart of UK and European gas prices At the UK prices were welll above those in Europe.

Reply to
Emperor's New Widescreen

The one on BBC news 24 at 12 minutes past 12, and presumable

12 minutes past every hour, clearly show us paying 4 times more than the Dutch,. a stones throw away.
Reply to
Emperor's New Widescreen

Wholesale prices don't equate to retail prices. You're assuming cheap wholesale prices on the continent are passed onto the consumer, monopolies don't generally allow that to happen.

Reply to
Aztech

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356771 "British gas has become the *world's* most expensive fuel" "That makes the contract more than US$50 ($73.21) a barrel higher than US gas in oil equivalent terms and *10 times* the price of European coal futures, analysts at Barclays Capital said."

British gas companies don't want to buy cheap gas they would rather just whack up the prices (and their profits as is reflected in their share prices rocketing). The government also benefit from this as they get more tax revenue on the record profits of gas companies so they effictively collude with the companies to justify the higher prices.

Reply to
Emperor's New Widescreen

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Shell said: 'The market is sufficiently transparent and works well.'

^ A candidate for liar of the century.

Reply to
Emperor's New Widescreen

Again, the spot price for suppliers doesn't mean the consumer gets a good/raw deal. Germany utilities may buy at cheap prices but they still charge households more than the UK.

You also ignore the fact many companies in Europe have very longterm contracts tied to the price of oil, say on a 2 year hedge, the spot price on a given day doesn't mean anything, not least to consumers. Scottish power in the UK is very well hedged.

<

Err... that's illogical, companies would rather buy in cheap gas and sell it at high margins, what's the point of buying in expensive gas and selling it at lower margins? As a proportion of income, gas for consumers is still cheaper today than it was in the 1980's.

You're like Pavlov's dog, by tomorrow you'd have forgotton all this mock outrage and get angry at whatever the media then tells you to be annoyed at.

Reply to
Aztech

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Nothing in that article mentions the price difference to the consumer in different Euro countries.

Reply to
Tumbleweed

OK - no BBC TV received where I am at the moment. Are they discussing the price I pay as a consumer or the wholesale prices my supplier pays?

Reply to
Colin Forrester

Its highly unlikely they'll actually be that (usefully) specific.

Reply to
Tumbleweed

Boycott them and find alternative options :-

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Reply to
Aztech

Reply to
Emperor's New Widescreen

Yes? You idiot - which are you referring to?

Reply to
Colin Forrester

both u idoit.

Reply to
Emperor's New Widescreen

I think you mean 'idiot'.

Reply to
Aztech

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