The People's Forum
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The price is driven by demand v supply
At the moment there have been significant supply shocks due to things like Ukraine which have significantly impacted the capacity for supply. And when these things get turned off they take a long time to turn on again.
Energy prices have come down, but they take a while to feed through to the real economy. And even then, prices will only drop if demand falls and people stop buying.
And we ie the UK have no influence on this for example what would either drive up or lower the price and who decides this?
The wholesale price is the same, if not lower than a year ago.
The weak pound and greedy shareholders are what is driving up profits.
Obviously the Tories are loving this, no matter how much they claim the opposite.
But I meant the price that BG would pay to receive the Energy I just see so much attention paid to these going up in the media but not who is doing this and driving the price up??
Cos they couldn’t afford to keep paying me. I ended up being a victim of ‘fire and rehire’, something that is illegal in most countries and is frowned upon even here.
They’ve just announced record profits of over a billion and started paying dividends to shareholders.
Does anyone know who is setting the prices that the energy companies pay to distribute the electricity and gas to there customers. Yes I get the coming out of Covid-19 and Ukraine war pressures. And I understand the basics of supply and demand but who is setting the wholesale prices is this the speculators in the finance market driving it up?