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Author Topic: Inflation  (Read 1311 times)

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Varche

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Inflation
« on: 19 January 2022, 13:28:05 »

There will be a lot of youngsters that have never lived through inflation.

Fuel here has gone up nearly 10% in a couple of weeks. I dare say the situation in the Ukraine is not helping. It wonít be long before increased transport costs feeds into everyday items like groceries.

How long before wage rise demands ( and strikes?).?
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Field Marshal Dr. Opti

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Re: Inflation
« Reply #1 on: 19 January 2022, 13:52:22 »

My electricity charge recently went up by something like......40% high rate.....25% night rate....15% daily standing charge.

Prices are due to rise by a further 50% in a couple of months. This will inevitably lead to inflation.

People on a low income are going to struggle in 2022. :-\
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Varche

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Re: Inflation
« Reply #2 on: 19 January 2022, 14:46:13 »

Has anyone else noticed that despite the proliferation of green renewables hasnít reduced the price of energy. I suspect that what happens is the savings are pocketed by the installer. We have half our electric in Andalucia from renewables and yet our bills are rocketing too.
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Field Marshal Dr. Opti

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Re: Inflation
« Reply #3 on: 19 January 2022, 14:49:35 »

Something like 25% of our energy bill is made up of the green energy tax.

The things I do for Greta. ;) ::)
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LC0112G

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Re: Inflation
« Reply #4 on: 19 January 2022, 14:54:27 »

Has anyone else noticed that despite the proliferation of green renewables hasnít reduced the price of energy. I suspect that what happens is the savings are pocketed by the installer. We have half our electric in Andalucia from renewables and yet our bills are rocketing too.

The price of non renewables has been deliberately inflated (taxed) to make renewables look more attractive/viable. Green was never going to actually reduce bills.
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Sir Tigger QC

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Re: Inflation
« Reply #5 on: 19 January 2022, 14:58:38 »

Has anyone else noticed that despite the proliferation of green renewables hasnít reduced the price of energy. I suspect that what happens is the savings are pocketed by the installer. We have half our electric in Andalucia from renewables and yet our bills are rocketing too.

Yep my supplier proudly tells me that my electricity is produced by renewable energy sources.  :y

My bills will go up in April because the wholesale price of natural gas has gone up massively.  ::)
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STEMO

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Re: Inflation
« Reply #6 on: 19 January 2022, 15:00:43 »

I still have 15 months to run on the fixed price I got last April. If things don't settle down by then, my bills could rise by 500%  ;D
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Sir Tigger QC

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Re: Inflation
« Reply #7 on: 19 January 2022, 15:05:20 »

I still have 15 months to run on the fixed price I got last April. If things don't settle down by then, my bills could rise by 500%  ;D

Good things happen to those who wait!  :y
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Migv6 le Frog Fan

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Re: Inflation
« Reply #8 on: 19 January 2022, 18:07:47 »

I still had several months left on my fixed rate too, but my supplier went bust yesterday.  :(
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Rangie

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Re: Inflation
« Reply #9 on: 19 January 2022, 18:45:26 »

Our fixed rate ceases at the end of September so expecting a 50 percent rise at least.
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Field Marshal Dr. Opti

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Re: Inflation
« Reply #10 on: 19 January 2022, 18:48:55 »

The government could knock of the VAT and the Greta tax. ;)

This should account for about 30% of the 50% rise. ::) ::)

Will it happen? ::)

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Re: Inflation
« Reply #11 on: 19 January 2022, 18:54:16 »

Only if they expect you to push your electric car everywhere...
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Marks DTM Calib

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Re: Inflation
« Reply #12 on: 20 January 2022, 09:06:36 »

Has anyone else noticed that despite the proliferation of green renewables hasnít reduced the price of energy. I suspect that what happens is the savings are pocketed by the installer. We have half our electric in Andalucia from renewables and yet our bills are rocketing too.

Green energy is significantly more expensive to produce than 'non green', it has high capital investment and produces very little energy. To put some perspective on this, the Thames wind array, one of the largest on the planet, can only produce slightly less than one Drax generator set (and Drax has 6 generator sets!)
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Olympia5776

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Re: Inflation
« Reply #13 on: 20 January 2022, 10:56:14 »

It's a fallacy of monumental proportions to believe that wind ,tide and sun will provide the power required for a demanding ,modern world with such a voracious appetite for consumable products .
You'd better factor in the " net zero tax " that will be required to meet the 2030 gaol , and that's not a spelling mistake .

I think the increased cost of electricity is with us for evermore due to political , climate driven and covid incurred costs and will have an effect on voting trends in the very near future .
We live in interesting times .
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Varche

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Re: Inflation
« Reply #14 on: 20 January 2022, 12:36:16 »

Ah Drax! Burning some other countries wood. Very environmental even with Beccs.
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