Ofgem Director: Energy Prices 'May Not' Go Back To What They Once Were | Good Morning Britain
Вставка
- Опубліковано 16 тра 2023
- Three energy suppliers are to pay £8 million over compensation failures for delays in producing final bills when customers switch, regulator Ofgem has announced.
The Ofgem Director of Strategy Neil Kenwood explains.
Subscribe now for more! bit.ly/1NbomQa
Broadcast on 17/05/23
Stream Good Morning Britain live, every weekday from 6am on the ITV Hub 📲 daytimelink.itv.com/WatchGMBYT
Subscribe now for more! bit.ly/1NbomQa
Like, follow and subscribe to Good Morning Britain!
The Good Morning Britain UA-cam channel delivers you the news that you’re waking up to in the morning. From exclusive interviews with some of the biggest names in politics and showbiz to heartwarming human interest stories and unmissable watch again moments.
Join Susanna Reid, Ben Shephard, Kate Garraway, Charlotte Hawkins and Sean Fletcher every weekday on ITV from 6am until 9 every weekday!
ITV Hub: daytimelink.itv.com/WatchGMBYT
Website: bit.ly/1GsZuha
UA-cam: bit.ly/1Ecy0g1
Facebook: on. 1HEDRMb
Twitter: bit.ly/1xdLqU3
www.itv.com
#GMB - Розваги
Low wages, high prices, high taxes, we're being screwed over!
Government and ofgem hand in hand, disgusting.
1000 %
Course they won't because no one is out there rioting like we all should be
British public have been groomed to be come sheep im afraid.
Younger generation have no balls for it, all mouth, back in the 80s they did and the poll tax was scrapped
Busy scrolling tik tok
We're all now in a massive energy price rip-off prison camp! 😡🤬
I am literally getting sick when I see people like this guy from Ofgem saying “Ohhh yeah I understand how bad is for people…” I DON’T WANT YOU TO UNDERSTAND MATE!!!! I want you to act!!!! To do something!!!! Coming to the tv saying that you understand doesn’t change anything!!!! What a crazy and careless world we live in!!!!!!! 🤬🤬🤬🤬🤬🤬🤬🤬
Martin Lewis is such a class act; a real ambassador for the people - I sincerely hope that he will receive some consideration on the honours list in the future.
Am a disabled man in a 1 bedroom bungalow and I'm paying 30 pound every 5 days I don't no why its so high its daylight robbery
@peterhicks5590 1 good thing is I have been getting free gas for a whole year not on the fiddle the metre went blank and so as my mind now well to the gas meter anyway ha fuk em in that way lol
Any industry that provides essentials like energy shouldn't have a system where consumers have to constantly be looking for the cheapest deals. It's like double glazing sales; if you have to use bargaining and dealing to secure a purchase, it can only mean that some people are being ripped off. Just get rid of the share holders, get rid of the shiny suit sales staff and all the other pointless hangers on, get rid of the massive bonuses and supply the people with a vital service at a fair price.
One word sum up...Cartel.
It's really simple. Everyone needs to boycott their jobs and refused to work in a society where we are being exploited. The government cannot fight against a nation. Out of fear, ppl continue to pay exploited prices, when the power is with the people.
Agreed
👏🏾👏🏾
No, we need to take lessons from the French. The Government, corporations, bankers etc all need to be reminded why they shouldn't f*ck with the people.
This will never happen
So last April the cap was £1918 based on a wholesale cost of 259 a therm. In the past 3 months (which is when contracts are agreed) the highest that wholesale cost has been was £134: note that’s average is much less.
We are to pay 2k when the wholesale cost is much lower than last years
I never thought they would
"Prices will never be what they used to be" - but I thought one of the main reasons for going for renewables was that they're a cheap alternative. Surely, surely that wasn't a lie....
Renewables are 11 times cheaper but we scots are being ripped off by the criminal English establishment
They are much cheaper but we buy all energy at the price of the most expensive generation in this country, so renewables are bought at the price of gas. It's supposed to protect gas generation as it's needed for when renewables don't work from being completely uncompetitive when renewables are working.
@@Bladesfist no england allows Scotland's vast natural resources to be squandered and stolen free of charge...
England can't survive without Scotland's vast resources hence the constant putting down of Scotland and our people
@@Bladesfist I dream of being this ignorant. I really do.
@@jamesgilheany9624 Please enlighten me to which bit is incorrect. We do buy renewables and all energy in this country at the price of gas. I'm not saying it's a good system but that's how it works in this country.
That answer when Martin asked him why they brought in a rule to make it hard to switch was a load of fluff. Stuttering his way through was very telling… deception!!!
Shell Energy sent an email and im only saving £100 on my average yearly cost when the prices have more than doubled in the last couple of years. No doubt we will see more 'record-breakinf profits' next year because of these greesy corporations bleeding us dry and the government standing by and doing next to nothing.
It’s the same with everything. When people pay for goods at a certain price, they’ll never drop them back down. We’re here to work hard, earn as much as we can and the government allow big companies to bleed us dry. The government want the rich to stay rich and everyone else to be reliant on the state. We should not of been happy for the £67 support over the winter, we should of been on the streets protesting for change. But people see it as a great help, when it’s the government allowing this to happen in the first place. Wake up people.
It seems to be the way of the media that they never get to the point. Surely with the dramatic fall in gas prices some months ago household bills for those not on a fixed tariff should have dropped ages ago. Yet here the media are still stuck on price caps and Government support- even though the goverment doesn't have any money either- it is our money.
What a con...meanwhile record profits snd bonuses..what a scam and they get away with it
The only way is up.....
Question for him. Why do you guys think it's acceptable to rip off the nation?
Waffle energy should be nationalised 1million percent
These fines do not work as a deterrent
It's a shame thing are going up
The economy Will collapse in UK these prices are not realistic this has killed business more industries gone. Collapse
In Scotland the price will go down to 2020 prices but only after independence
I could have told you that.
Sheer greed pure and simple.
Price cap is a joke customer is charged on how much they use they can still charge more than price cap it's a joke 😂😂
Tell them to cut the bills by 50%, THEN we'll have reason to celebrate.
There's a surprise
I downloaded the whole sale natural gas prices for 2021 2022 and 2023 you may be surprised at the results. Wholesale gas price
Aug 23rd 2021 Natural Gas UK GPB (GBp/thm) 118.88
Dec 6th 2022 Natural Gas UK GPB (GBp/thm) 346.3200
Nov 16th 2023 Natural Gas UK GPB (GBp/thm) 116.75
The price is lower now than it was in 2021 it is barefaced robbery
If they want greed to be the way forward… fine but don’t keep wages so low then. Wages are measuring up to the financial climate government and cooperation greed we are in.
Mine hasnt dropped at all! costing more. xx
I feel like you should have put it bluntly Rory… GM was the problem. We wanted a SAAB not a Vectra in a frock!
Then when others tried to do that; GM Put another knife in the brand, as well as the prospective buyers by forcing them to take GM assets as part of accepted deals.
I pray for the day when all of this makes sense.
Its called fear, power and greed.
Disgraceful
Of course they won't...
Think about this. Every household is slowly changing over to LED lighting. LED runs about 90% less energy than normal incandescent light bulbs. That’s a lot of energy these companies are losing out on hence these disgusting price rises and it will go up come summer when we are using less. Plus Ukraine is not our problem why should we pay for that
The war in Ukraine is not causing energy prices to go up...
That is a political choice.
By sanctioning Russia the price of coal and oil and gas have increased since western countries stopped buying from Russia but is all smoke and mirrors, the UK is buying oil and gas from US who are buying it from the UAE who are guying it from Russia.
So rather than buy it cheap from Russia the UK is paying twice as much to have it shipped twice around the world.
England stealing Scotland's vast resources free of charge 😱
Because they know it benefits them. Cracks me up when ppl think the government is here to help ppl. They know the systems within society is unfair and dehumanising therefore, they themselves are telling one another 'look out for yourselves'.
I thought Ofgem where there for fairness to customers,why are they not doing their damn job.
These are cost of green energy should be scrapped they switched from coal to gas generators
National grid cost to produce 1kwh averaged has been falling over end 22 and into 2023:-
12 12 22 39.98 p kwh
20 12 22 9.954 p kwh
20 03 23 9.447 p kwh
22 03 23 5.644 p kwh
02 10 23 5.540 p kwh
23 10 23 12.06 p kwh
20 11 23 8.379 p kwh
Someone please explain why as of 29 11 23 I am paying 27.93 p kwh.
Just nationalise the industry
My electric and gas bill will work out to be a 8k pounds this year I earn 30k a year and there ripping me off. what can you do glad there earning billions in profits. Glad there toasting to us mugs.
Of course they’re not going back. This is how inflation works. Inflation is a tax by its very design.
If all the prices remained the same but politicians made laws and reduced everyone’s salary by 10 percent in the country… they’d be ripped to pieces. However, increase the prices by 10 percent and give people a 5 percent pay rise and people will just go along quietly or loudly annoyed… still struggling in the exact same way but that’s it. Politicians aren’t being attacked in the streets. The Bank of England chairman doesn’t that flung off a bridge.
The debt based monetary system does this by its very nature. It is simply designed this way. Doesn’t matter which political party is in power. The wealth goes up and everyone else gets poorer and most (not all) but most will never keep up on the going ever faster treadmill.
It’s not an accident or bad policy. It’s planned this way by the people that created the banking system we know today.
Standing charge elec 61.67 per day and gas 29.11 for nothing shell energy this is sheer robbery = ele 32.91 kwh gas 29.11
first chance and i will leave shell energy
Ofgem don`t know what they are doing!
Martin for PM
ps . shell energy £195 british gas quote £177 eon quote £145 time to change
Scotland produces 100% electricity capacity and exports through out the uk , Scotland through renewables is self ceficint but scots pay the highest electricity costs in the uk! Why is the price of wind and hydro so expensive?
I bet prices don’t go down, robbing gits
I can't even listen to this guy chat crap. Make him live as a regular working person and here how quick that waffle will change. People within his positions and the government are the real criminals of society, not the gangs and delinquents etc.